Found 2 blog entries tagged as florida passive income streams.

Interviewing a property manager

How to Select the Ideal Property Management Company

So, you’ve purchased your Destin investment rental and have decided that you need to hire a property management company in order to have a well-managed investment. After all, your goal is to sit back and enjoy a passive income stream from your property. There are plenty of companies to choose from, but how do you know they're trustworthy? How do you know if they'll do what they've committed to? 

Ideally, a recommendation from a friend or colleague for a company they've employed is a good place to start. But, no matter how you choose that first candidate, you shouldn't make your final decision until having a personal interview. There are questions you can ask to ensure you’re hiring an…

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Florida property management

Do You Really Need a Property Manager?

Now that you’ve bought your first, or additional Destin investment rental you have some questions to ask yourself and decisions to make. One of the biggest decisions is whether to manage the property yourself, or to hire a property management company. This all depends on what stage you are at in life and how involved you want to be.

A large part of the decision begins by asking yourself:

  • How experienced am I with the variety of skills necessary to manage the property?
  • How much time do I have available, or want, to devote to the management of the property?
  • Would I enjoy being on call 24/7/365 days of the year to deal with any issues that may arise?

If you answered “very little” to any of…

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