Major Responsibilities of Property Managers
Describe the major responsibilities and tasks associated with professional property management. Why would investors choose to manage their own properties?
Guided Response: Review several of your peers' responses. Respond to at least two of your peers and suggest ways in which the responsibilities that they have identified may persuade an investor to hire a professional property manager.
Managing Properties
Please read the Forbes article, "What It's Really Like to Moonlight as a Landlord."
This article is a real-life look at 5 things to consider before buying a rental property and becoming a landlord. The definition of an ideal tenant will vary from property to property and landlord to landlord. While the landlord has some discretion to choose their tenants, Fair Housing Laws limit this discretion.
Per the article, please Identify:
Two factors a landlord can cite to legally justify rejecting a potential tenant
Two factors a landlord cannot cite to legally reject a tenant application
Which one of the 5 key considerations do you believe would prove the most challenging to accomplish? Why?