Musings about Property Management--a little random, I know! :)

Being in the military community, I tend to see a lot of couples actively managing their own properties. What I mean by this is that many military families purchase their home when they are stationed somewhere. Upon new orders, of course, they end up either selling the property or renting it out to usually other military families. We have thought about doing this in fact; however, I felt that it would be difficult to maintain a home from thousands of miles away. In my research, though, I have found that often times one can hire a property manager who basically works for you to make sure your tenants are maintaining your property properly, as well as doing other odds and ends such as collecting rent and scheduling maintenance. I like the idea of this because it helps to alleviate the stress of trying to do all of these things when you aren’t even in the same city.

The idea of being a property manager, whether in a smaller setting, such as managing a few homes within the local community, or on a larger scale, such as managing corporate buildings or apartment complexes, seems like a rewarding career. I think it takes a special kind of person to be in this particular business and something that I feel would be important when taking on this task, is having support from fellow property managers and their respective companies. When researching this field, I stumbled upon a property management company support blog called Property CEO. The blog’s main purpose is to “provide a community for property managers to discuss news and information and to also share knowledge, ideas, and insight relevant to the Property Management world.” The blog is relatively new, but already has articles that would be helpful and enlightening to anyone who is a property manager or perhaps even thinking about becoming one.

One of the neat things that the starters of this blog are planning to promote is property management software. The benefits of this type of software are plenty. From tracking income and your expenses to tracking payments from your tenants or providing a forum for maintenance requests—this software basically does your job for you and allows you to be less stressed and, most importantly, more organized. In the coming months, Property CEO plans on actively promoting this type of software and based on the content already on the blog, I definitely think their blog is something to look into and follow if you are planning on becoming a property manager in the future or if you are already one. After all, the more resources you can get your hands on, the more successful you will be! Definitely check them out—they are headed for great things!  

Please Note: Information about the Property CEO blog is from their about page, http://www.propertyceo.com/about/.