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You\u2019ve bought your first income property and have a property manager in place. You can\u2019t just turn off your cell phone and take a year-long yacht cruise to the South Pacific. There are some responsibilities you, the owner, still have. Here\u2019s a quick list.

1. Interview the property manager BEFORE executing final purchase contract to discuss reasonable rental rates for that particular area and property.

2. Sign the property management agreement.

3. Discuss the marketing program with property manager and authorize any leasing concessions you are prepared to make.

4. Pay advertising, utilities, and other miscellaneous expenses until leased.

5. Review and approve repairs requested by property manager.

6. Don\u2019t be a pest. Calling more than once a week places you in that category unless there are unusual circumstances.

7. Don\u2019t go crazy placing restrictions on tenants. That\u2019s an excellent way to insure your property stays empty longer and you miss out on a good renter. Of course, no one is ever going to be quite good enough. Get over it. You want that rent money, don\u2019t you?

That\u2019s not too hard, is it? Probably the best job you\u2019ll ever have because it leaves plenty of time to ferret out even more great deals using Platinum Properties Investor Network\u2019s proven strategies for creating wealth. Yes, this stuff really does work.