Our FREE Guide for Rental Property OwnersAnchored in Bradenton
Read our blog to discover helpful hints and terrific tips that will improve your property and profits.
Maybe you have inherited a property and rather than selling that home, you’ve decided to rent it out. That makes you an “accidental landlord.” You might also consider yourself an accidental landlord if you’re renting out the home you once lived in yourself.
As you prepare your Lakewood Ranch rental home, establish a competitive and profitable rental value, and begin marketing your property, you should be thinking about your ideal tenant. Good tenants have these traits in common: they pay rent on time, they take care of your property, they follow the terms of the lease agreement, and they’re willing to communicate.
Preparing your Anna Maria Island vacation home for your guests is one of the most important parts of your rental process. They’re going to arrive with high expectations, and you need to meet them from the very start.
The Anna Maria Island vacation rental market has been growing steadily over the last few years as people flock to Florida for short-term vacations and visits that last an entire season. More and more visitors are choosing private rental homes instead of hotels. That’s great news for anyone who owns a home that they’d like to rent out.
When visitors are choosing vacation homes to rent along the Gulf coast, Anna Maria Island is usually one of the first places they look. If you have an Anna Maria Island vacation rental that you want to keep occupied with tourists and short-term guests, make sure it’s competitive. You can help it stand out from other vacation rentals by furnishing it well. Guests are looking for attention to detail and modern, comfortable places to sit, sleep, and lounge. They want hotel-quality linens and all the accessories in the kitchen that they’ll need to have a fun-filled vacation.
Rental property inspections should be done before a tenant moves in, after a tenant moves out, and at least once during the lease term. While you don’t want to be a nuisance to your tenants, you do want to check in on the property and make sure everything is in order. This will help you protect its condition and value. It will also let your tenants know that you expect them to follow the terms of the lease agreement, maintain the property, and communicate with you throughout the tenancy.
The value of your Bradenton rental home will depend on a number of factors including location, size, condition, and of course the strength of the current market. With more and more people moving into Florida, we’re finding that the tenant pool in Bradenton and the surrounding areas is growing. That means you can likely earn a little more for your property, since there’s a high demand for well-maintained rental homes. If you’re renting out a vacation home, what you charge will often be seasonal.
Rental prices in Bradenton are climbing in the current market. If you want to nudge your rental value even higher, we recommend paying attention to the condition of your property. To earn the highest rents and attract the best tenants, you need to make your Bradenton rental property competitive. It has to stand out from all the other homes for rent, and it has to provide something that’s worth the extra rental dollars.
There are dozens of other problems that can pop up; accounting statements that don’t make sense, maintenance issues that get ignored, and rent that doesn’t come in on time. Don’t settle for terrible service. Address your concerns with your property manager and if nothing comes of it – move on.