A recent CREW story featured an investor who now swears by using property managers to take care of his properties after it was discovered a number of, shall we say, nefarious characters took up home in one of his rentals
That got us thinking: How common is the use of property managers? Take our poll and let us know.
We also want to know if you have any tenant horror stories that have caused a major headache. Let us know in the comments below.
Of course, hiring a property manager doesn’t safeguard you from all potential issues. Property managers themselves can be a hindrance. As one CREW reader tells it:
“I wish to make it abundantly clear to all of our colleague landlords that there are some truly disastrous, bordering on criminally so, ‘professional property mangers’ in Vancouver, and some of them present themselves very deceptively, as the embodiment of ethical and competent managers,” the reader wrote in the comments section of CREW. “Be afraid. Do your diligence. Don't sign anything that locks you in.”
So that begs another question: Have you had issues with property managers in the past? Let us know below.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
After one horrific account by a CREW reader, we want to know two things: Do you use a property manager and do you have any tenant nightmare stories?