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Property management presents opportunities

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: In part one of a three-part series on "accidental landlords," Inman News explores how real estate agents and brokers can generate fees and listings by getting into property management. Experts say property owners, however, should think twice about pulling a property off the market in order to rent it, and may be better off managing it themselves. If 2 million or more homeowners will end up in foreclosure during the housing downturn, as some have estimated, still others will find themselves in something more like purgatory. They are the owners of homes and condominiums who are still able to make their mortgage payments, but who would sell in a heartbeat -- if only they could get what they see as a fair price for their home. Some are retirees who have downsized, while others are starting new families and have moved into larger homes. There are job seekers who have moved to other cities and couples looking to sell vacation homes they don't have time to enjoy. And...