Many real-estate companies in vacation towns have a property-management arm, and for a price--they'll handle everything for you, from screening tenants to handling those overflowing toilets in the middle of the night.
Comparisons with publicly traded real estate investment trusts are difficult because Hines uses its property-management business as a loss leader and makes virtually all its profits from appreciation in property values.
Comparisons with publicly traded real estate investment trusts are difficult because Hines uses its property-management business as a loss leader and takes virtually all its profits from appreciation in property values.