You just purchased another rental property and are excited about the prospect of earning more cash flow from your investments every month but there’s a problem; you’re starting to wonder if it’s time to fire your Portland Oregon Property Manager but aren’t sure if you should make this decision or not.
Although you may have formed a business relationship with your Property Manager in Portland Oregon over the years the reality is that business is business and there are surefire signs that it’s time to get a new property manager which include the following:
Sign #1 – Your Property Manager Has Stopped Calling You Back
Property management is a business and if you can’t depend on a timely call back from your Portland Oregon Property Manager it’s time for you to consider replacing them immediately because there could be underlying problems or issues with your properties which must be corrected and you will never know about them unless you can depend on prompt communication with your property manager.
Sign #2 – Your Property Manager Isn’t Getting Cash Flow from Your Properties
Another sign that it’s time to fire your property manager in Portland Oregon is when they are unable to get cash flow from your rental property in spite of the fact that each rental you own is occupied with tenants.
Thanks to huge demand for rentals across Portland there’s no reason why you should not see cash flow from your properties each month.
Sign #3 – Your Property Manager’s Accounting Is Incorrect
Last of all, but most important, another sign that it’s time to say goodbye to your Portland Property Manager is if they are consistently providing you with incorrect accounting.
Reliable accounting is one of the keys to building a portfolio of rental properties and if you aren’t able to depend on the accounting from your property manager then it’s time for you to seek property management help elsewhere.
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