Details about the process
What are the advantages to renting out my home?
Many people are considering renting their home as opposed to selling it, based on an expected financial benefit. We do our best to get the financial benefit that you desire, by striving to maximize and sustain the rental amount and manage your investment so that it continues to make money for you for years to come. Renting out your house turns it into an investment property. This entitles you to deduct operating expenses, maintenance and repairs, and to depreciate the property. Your tax accountant can help you with changing tax laws and all tax related issues.
Why should I hire a professional management company? I might be able to manage things myself?
Being an absentee landlord is difficult unless you have someone to administer the property. Do you have the time to conduct market comparables to price your home in the current market so that it rents quickly? Can you take the time to show your property to potential renters? Do you have the means to screen them by verifying rental history, income verification, a credit check and a criminal background check? Will you be able to manage the property from afar? What happens if a pipe breaks and you’re out of state? CMG will look after everything related to the property – from advertising your property and screening your tenants to executing the lease agreement, collecting rent, monthly account reconciliation, coordinating maintenance needed on the property, and conducting inspections.
What services do you provide?
We provide a full range of services to property owners including residential leasing, management, accounting, inspections, and tenant management.