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Congratulations! You've found the building you want and made your investment. Now it's time to put your new asset to work. But what if you don't have the time or experience to personally manage your own rental property A good idea might be to hire a property manager to handle all the related tasks, such as marketing open units, leasing apartments, maintaining and improving the property, collecting rent, negotiating agreements, addressing tenant problems and so much more. Basically, a good property manager will oversee the performance of your income-producing property, making sure you get maximum revenue with minimum headache. Begin your new property management relationship with a solid Property Management Agreement from LegalZoom. A signed agreement will allow you to focus on developing your rental business while the manager takes care of all the day-to-day issues with your building.
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