You can maximize the revenue from your rental Property if you can accept that nearly every landlord goes through a lifecycle when managing their own rental. Many owners start off renting a property for various reasons such as they can’t sell the house, or a great deal was offered to buy the property. After having some good tenants for a while and the consistent income starts to come in, the investment can start to become very profitable.

Inevitably, most Rental Property owners face a period of time when the opposite occurs where tenants are not good, major repairs are needed or city inspectors become bothersome. After a while, a landlord can start to question whether it is worth it to keep a rental property. They start to weigh the time and costs versus the possibility of a nice capital gain if the property is sold.

What most landlords fail to realize is that this is often the time when the rental property becomes very profitable and the best time to keep it as an investment. After paying off several years of a mortgage you begin to accumulate equity in the property meaning the mortgage payments start to pay off more of the principal and not just the interest.

Also, the issues begging you to sell will often need to be resolved before someone else will want it; and if you sell, capital gains taxes will be very high. One alternative to selling may be to hire a Property Management Company.

Yes, a property manager will cut into your current income. But this can be more than offset by increases in the value of your property and over time having consistent paying tenants.

Chris Thorman at SoftwareAdvice.com outlines some good options to consider when choosing a property management company. He covers many of the pros and cons of using a property manager.

Keeping the option of hiring a property manager open and being prepared when the time comes, could help you achieve the highest return on your real estate investment.