It takes a lot of time, hard work and dedication to build up a solid passive investment portfolio. None of us find success just starting out — patience and consistent efforts are key here. Once we get our portfolios in a good place, it doesn’t mean we can take out hands off of the wheel. Not entirely, as 100% hands-off investing is a myth.
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Why Use Remote Property Management? There are many reasons but the biggest may be the advent of technology that can help an investor know the exact status of their property from 5,000 miles away. Generally speaking, technology takes many forms. Technology, like water, fills whatever container it finds itself in. Recently, technology has been placed in a new container known as remote property management. Remote property management is the use of technology, specifically the web and mobile devices, to track and manage investment property regardless of its geographic location. Over the years, Premier Property Management of Memphis has been implementing technology to help not only investors but also tenants, contractors and field agents to stay connected with up-to-date an up-to-the-minute information.Continue Reading