There are 23,500 licensed property managers in Florida, which is the third-highest number per state in the USA. That's because the high cost of housing in this growing state puts homeownership out of reach for many residents.
What's more, most landlords find that working with a property management firm takes most of the stress out of owning an investment property.
Here's why you should consider hiring a property management service for your Florida property.
Property Managers Maximize Profits
Setting your rent to cover your expenses is vital if you want to succeed as a landlord. Yet, finding a balance between expenses and income is a difficult task for most landlords.
Thanks to their industry knowledge, a property management service helps you get the best rental rates for your properties. They will conduct rental comps in your area and set your rent accordingly, while keeping your expenses in mind.
They can also help you prepare your home so it attracts the type of tenant you want. The following aspects can all influence the demand for your property:
- Paint colors
- Utility costs
Do you know how to market your property effectively to pique the interest of reliable tenants? Property managers can take care of this for you.
They work with experienced photographers to showcase your property in the best light. They also know how to market rentals both online and in person.
The Easiest Way to Maintain Your Property
Hassle-free property maintenance is one of the biggest property management service benefits. Without assistance, it can seem like you spend most of your time managing your house's routine maintenance.
Every property needs ongoing maintenance as well as occasional repairs and upgrades.
A property manager takes care of these aspects on time and on budget. They can ensure the best rates from contractors, thanks to their ongoing relationships with these professionals.
Consistent maintenance also reduces the chances of unexpected and costly repairs.
Property Managers Deal With Tenants
Nobody thinks of potentially awkward, stressful, time-consuming, and costly situations when they get involved in real estate investing. Yet, collecting rent and managing evictions without infringing on your tenants' rights can prove challenging for most landlords.
Property managers know the Florida Housing Laws inside and out, so you needn't worry about any legal issues concerning your tenants.
A property management service takes care of everything to do with your tenants, so you don't have to deal with these hassles. These services include:
- Tenant screening
- Background checks
- Credit checks
- Show houses
- Rent collections
- Property Inspections
- Evictions when necessary
They offer convenient rental payments and maintenance requests via an online tenant portal. If your tenants have an urgent problem in the middle of the night, your property manager will take the call on your behalf.
Hire a Leading Jacksonville Property Management Service
It's important to choose a property management service provider with a broker's license and years of experience in the industry.
Round Table Property Management offers all this and more. Get in touch for more information on how our property management company can help you maximize your rental property.