Chapter 11
Property Management: Who’s Minding Your Ship?
In This Chapter
Being the boss of your commercial property
Hiring a professional property management company
Putting your best foot forward as an absentee owner
Commercial properties are similar to cruise ships in some ways. If you have a successful, well-informed captain steering the ship to your destination, you’ll get there and have lots of fun doing it. You may even relax a little. However, if your captain takes you off course and into choppy waters, you could get seasick and end up on a deserted island. Well, the same applies to your commercial property investment: You have to make sure that your “captain” is a good one or else your investment may receive a burial at sea.
In this chapter, you get down to the business of discovering the essential skills of navigating and managing your property. We give you tips on how to do it yourself and how to hire and manage a property manager. We give you an inside look into the day-to-day responsibilities of a property manager. We also help you discover the world of absentee owners. Knowing how to successfully manage a property from afar is a critical navigational skill to possess. ...
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