One of the most rewarding things you can do abroad is to manage a rental. I find it enjoyable to get to know an area, pick the property, and outfit it for the rental market.
And managing a rental is also a good source of income… while sometimes also providing that income stream in another currency.
Aside from being a landlord, I’m also a fan of renting a furnished apartment for any extended stay in a foreign country, since it’s the best way to get to know a place. So I’ve got experience as both a landlord and a frequent tenant, allowing me to see both sides of the coin.
Being a landlord is not always fun. But having a good property manager can make your life a lot easier… and having a good contract with your property manager makes your eventual success far more likely.
The property manager is your representative when dealing with your renters… Continue reading