Even if you are just starting out in the rental real estate business, this endeavor can – and typically does – take up a great deal of time, even after you’ve found, purchased, and prepared your property for a new tenant.
Depending on the type of property you own, as well as the agreement you have in place for the maintenance that you’ll take care of as versus your tenant’s obligations, it can sometimes feel like you are constantly “on call” if the roof leaks, the air conditioner is making funny noises, or the toilet won’t flush properly.
There is, however, a way to still ensure that you’ll have regular rental income coming in, while at the same time, being able to put your phone’s ringer on silent so that you can get a more peaceful night’s sleep. That’s by hiring an experienced property manager.
There are numerous benefits to going this route, but some of the key advantages can include:
- The daily management of your tenants and the property
- Ensuring that the rent is paid on time
- Having a third-party point of contact for tenants
In addition, depending on the property management team you choose, you may also be able to screen out potential problem tenants before they ever move in, and reduce tenant turnover when you have your property rented out. This, in turn, can help to also ensure that you don’t have regular “gaps” in the monthly income from your investments.
There are several different ways in which you can work with a property manager. In any case, though, by doing so, you’ll be able to free up more of your time in order to concentrate on other activities. To learn more about the benefits of securing a quality property management team in Orlando and the surrounding area, give us a call today.