Property Management – Calabasas
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Should I get a property manager if I rent out my house?
I would like to rent out my current house so I can buy another one but I don’t know where to start on how to rent out your house. Also I am VERY VERY scared of renting out my house because of the horror stories about the tenant trashing the house.
I heard about property manager that helps you out, but I don’t know all the details about it. From my understanding, they help you find a tenant, do a background check on them, collect money from them, repair anything that needs to be fixed(at my cost), and any paper work. Pretty much they will do all the work for you for a monthly fee.
The question that I wasn’t able to get answer is what if the tenants trash the house?
I’ve also been told that I can do all of that myself instead of paying someone. You only need a property manager if you have multiple houses that needs to be managed. Personally I don’t think I can because I am too nice of a guy and I don’t know the “landlord law” that well. In a way, I don’t want to do something and get sued for it.
So is a property manager something that is common to have if you don’t know what you are doing?
For the answers to these questions and all the free information you need to make a decision. Just contact Bill Waldman at (818) 884 – 1500.