In this day & age, having an office location where rents can be collected, applications submitted, contracts being signed and the "back office" support systems in place ADDS value and credibility to the rental property management relationship. Marketing your property and evaluating prospective applicants is one of the most time-consuming aspects of rental property management. Using an online portal enhances tracking your rents, invoices, agreements, and work orders. Interior inspections should be done on a periodic basis. If necessary, a management company will start eviction proceedings & coordinate the entire process. Established relationships with contractors will help speed up the turn around time in between vacancies. If you are knowledgeable in all aspects of management and you need just having tenants placed, most companies provide that service as well.
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