Communication is critical to the effective management of your rental property. When you’re looking for a management company, make sure you get an idea of how they will communicate with you.

An accidental landlord is someone who finds themselves with a rental property unintentionally. It’s possible you’ve inherited a home from a loved one, or you’re moving out of the property you’ve been living in and you can’t seem to sell it for the price you want, so you’re thinking about renting it out.

Before you hand the keys to one of your largest investments over to a perfect stranger, you want to make sure you know a little something about the person who is moving in. A background check is a standard part of any leasing process, and most prospective tenants expect that you’ll be digging around into their financial, employment, criminal, and rental histories.

When you’re an investor living out of state, you need a local property management company that will be responsive, thorough, and able to share information with you transparently and accurately. When you have an investment home in Southwest Michigan but you live somewhere else, there are a few things that are absolutely critical in ensuring the success of your investment.