How You Can Benefit from a Central Florida Property Management Company
If you are an active landlord and you have a property in Orlando, you will benefit from a Central Florida property management company. No matter how hands-on you are, you certainly prefer to have your weekends free from stress. You do not want to receive calls that the property requires maintenance work and worry about other expenses.
If you would rather have another person or team to handle the job for you, a property management company that cares for landlords in Orlando is the solution to your needs. You may think that they would just add to your expenses, which is why you avoid them.
The truth is there is an expense in hiring a property management company. However, a Central Florida property management company can provide you with tons of benefits. Compared to the fee taken from your rental revenue, you gain much more with what they can do for your real estate business.
What Can a Property Management Company in Central Florida Do for You?
Before you hire a property management company, you should know their functions first. Management companies can deal directly with your tenants and prospects. This means that they can collect rents, handle maintenance as well as repair problems, and even market your property.
Your property management professionals can provide you with the experience and know-how that allows you to take full advantage of your investments.
If you are still in doubt as to whether or not you should hire one for your property, here are the reasons we believe you should contact one today:
You can get the best tenants while avoiding the unqualified ones.
One of the key benefits of hiring a property management company is that the potential tenants are carefully screened for you. These firms use a variety of tools that are readily available to them, which they can utilize to help you prevent unqualified tenants from renting your property.
When the tenants are approved, you can be confident in knowing who will be staying in your home. They will be the most qualified of all the applicants, bringing you an additional revenue stream and not headaches. Typically, the property management company will make sure that the person will pay on time and be fully responsible for any and all accidental damage to your property.
A great property management company takes care of not only the landlords that entrust the property to them but also the tenants that lives in them. A happy tenant tend to stay longer, so you do not need to keep looking for new renters. In general, happy tenants take better care of the property. They know you have their best interest in mind, so they will do their part to treat the home as if it was their own.
The property management company professionals can help you set some guidelines for your tenants that will benefit your property. They will undergo the right screening process so that you will get the best tenant in your home.
No more hassle of managing multiple properties.
Without a doubt, managing a single property is already stressful. What more if you have two or more properties to take care of? It is a huge challenge but is rewarding if you know what you are doing. Most of the time, however, landlords struggle as they handle things on their own.
A property may increase your income but it may not be enough for you. If you want some changes to your lifestyle, you may have to buy, rent, and then sell several other properties. All these things become even more difficult because you may not have enough time on your hands.
With the help of a property management company, you can still have control over your properties no matter where they may be in Central Florida. In essence, the firm will let you take a hands-off approach so that you can focus on growing your investments. This can be very helpful, especially if you do not live near any of the properties you have.
The property management company will allow you to enjoy your life, and you can perhaps even enjoy being a landlord because now it is a passive investment and not a second job. You manage your own time, so that you can deal with other issues that do not surround your real estate business. The property management company will accomplish all these things for you. What you only need to do now is watch your additional revenue come in each month.
You will not have to worry about long vacancy cycles.
You are losing money if one of the properties you have is empty. You will still have to pay its bills and taxes. However, unlike occupied properties that have renters, you will not see any return on your investment with a vacant home.
As much as possible, landlords prefer to have vacancy cycles as short as possible. When you hire a property management company, you can get the help you need in many ways. The real estate professionals can help your property get seen. As a must, your property is placed into the Multiple Listing Service (MLS) and can be immediately seen by thousands of other real estate agents in the Central Florida area who may be working with potential tenants already.
In addition to the MLS, a great property management company will also post your home into other online listing services, such as Zillow, Hotpads, and Trulia. They create the postings for you so that it provides you with the opportunity for your home to be seen and to minimize long vacancy cycles.
Additionally, your Central Florida property manager will already have contacts. They can reach out to them to obtain additional prospects or to prepare your home to be placed on the market. Should your previous tenants caused you headaches or your last property management company do an awful job in maintaining the property, consider what it might take to try again with a different property management company. At American Dream Homes, we have the right contacts to make the best repairs at the right prices so that your property can be prepared to be marketed.
We take pride in our low cost repairs with our property management system so that the money you save in your repairs will end up in your wallet and not in the hands of greedy contractors or property managers. We will go to bat for you and we treat every home we manage as if it was our own.
Avoid the pressure of collecting rent.
In a perfect world, tenants pay on time and you do not have to keep asking them to pay every month. However, some people may require a little bit of discussion just to have them pay the rent. With the right property management company, you can avoid this unpleasant situation.
The real estate professionals working with you and your property can simplify the case for you. At American Dream Homes, we use the most highly rated property management software to collect rent, make sure it’s paid on time, and every detail is transparent for the landlord to see. If there is any problem with the tenant’s payments, you can count on the firm to handle things for you without you providing any input.
While property management companies can do their part in selecting the best tenant for you and in collecting rent, keep in mind there isn’t a guarantee your tenants will turn out the way you hoped. This is why we offer a unique Rent Guarantee option that covers you for the rainy day and ensures your rent is paid every month. Ask us about it!
There are even more benefits.
When you hire a property management company, you can take advantage of the following:
You can get the assistance you need in expanding your investment with their industry knowledge of the real estate market in Florida. They can give you insights on the best investments you can make in the future based on your present portfolio.
Landlord tasks will be handled by the team of professionals. You can just own the property and they will take care of the tenants and other responsibilities.
Legal issues are less likely to emerge because they know about all the legal obligations you may have as a property owner, including the laws that are in place to protect you as the landlord.
It is essential that you look for the right Central Florida property management company to work with you to receive the benefits mentioned above. You can avoid all the headaches that usually come with being a landlord with the help of professionals you can trust.