It’s easy to become overwhelmed as a landlord, even if you have a good tenant and a well-maintained rental home.
Something, it seems, always needs to be done. Maybe there’s a vacancy that needs attention or a tenant who is complaining about a neighbor. Maintenance might be required or a new appliance could be requested. If your rent isn’t coming in or you’re worried about deferred maintenance or a departing tenant is disputing what you withheld from their security deposit – it’s likely you’ll get stressed.
What to do?
We have a solution, and it’s a good one.
Partner with a professional property management company.
Not only will you get immediate peace of mind because someone else will be handling every detail of the leasing, management, and maintenance process for you, you’ll also have the peace of mind that comes with trusting your investment to experts.
Here are some of the ways it will help.
Finding and Retaining Tenants with Property Managers
Preventing vacancy is one of the best ways you’ll achieve peace of mind with your professional property management partners. It gets expensive when your property is unoccupied. You don’t have any rent coming in and on top of that, you’re paying to keep the utilities on and the grass cut and the home clean. Those expenses will not only eat into your ROI, they’ll cause you a lot of stress.
Property managers can rent your home faster, and that saves you money in both the short term and the long term. We’re able to find you a great tenant faster with:
- More advanced marketing platforms
- More flexibility when it comes to showings
- Easy online applications
- Fast and thorough tenant screening
Not only do property managers reduce your vacancy rate by finding you tenants faster, we also reduce your turnover rate by keeping tenants longer.
We make sure to provide a great tenant experience so they’re less likely to move at the end of their lease term. We’re responsive with maintenance and repairs, we provide online portals for rent payments, and we remain available and accessible to address any needs that come up. When tenants are happy with where they’re living and how they’re treated, they’re less likely to move away.
But, there will be turnovers. And when you do have a tenant moving out, the turnover process is efficient and cost-effective. Your property manager will oversee the cleaning, repairs, and marketing to find a new tenant in far less time than if you had to do it on your own.
Turnovers don’t have to be stressful or expensive for rental property owners. You can expect your property manager to take care of the entire process, from conducting the move-out inspection to managing the security deposit return and contacting vendors to get the property rent-ready again.
There’s no need for you to be overwhelmed with vacancy, turnovers, or the costs that come with them.
Let Leasing be Easier with Bradenton Property Managers
Before you even have a tenant who needs you, there’s the matter of leasing your property.
The leasing process is about much more than finding and screening a tenant. It starts with accurate rental values, rent-ready homes, and a responsive showing process. All of that can drive you crazy, especially if you’re a busy person already. When you have your own career to think about, family obligations to take care of, and a busy schedule of things you need to do and want to do, dropping everything to show your property can be disruptive and frustrating.
Property management takes that frustration away.
Here’s how we deliver peace of mind to you during the leasing process.
We Set Accurate Rental Values
You need a competitive, accurate, and profitable rental value. We often see owners either underpricing their home and struggling to bring it up to market value or overpricing the home and being left with a long and expensive vacancy period.
Property managers have access to reliable and current data about the local market and what competing homes are renting for. You won’t have to guess or use outdated rental listings online.
We Provide Strategic Marketing
Before we begin marketing your home, we make sure it’s move-in ready and attractive to tenants. Then, we take professional-level photos, write great descriptions, and post your listing on all the most popular rental websites. We also use our own website to showcase your available property.
Our leasing team responds to every inquiry, we schedule showings, and we follow up with any questions potential applicants may have.
We Place Better Tenants
We also know how to attract the best tenants. A property manager’s marketing and screening process leads to higher quality renters, which means fewer costs for you. With a bad tenant, you run the risk of:
- Unpaid rent
- Late rent
- Property damage
- Lease violations
- Disputes and conflicts
Avoid these risks and the stress that comes with them by placing better tenants and partnering with a professional management company.
Property Management and Tenant Relationships
Once you have a great tenant in place (thanks to your property manager), we can manage the tenant relationship without any need for you to be the point of contact or the resolver of disputes. We take care of everything, including rent collection, lease enforcement, and emergency maintenance.
If you don’t love the idea of tenant conflicts and disputes and you don’t have a process in place for dealing with unauthorized pets or negotiating lease renewals, you can certainly benefit from having a property manager do those things for you. There’s less for you to worry about and more chances for a successful outcome.
Professional property managers will also communicate well with your tenants. This is an important part of establishing a good relationship, which leads to higher retention and better ROI.
Benefit from Property Management Technology
Technology delivers a lot of peace of mind. It also makes the management of your property more efficient and transparent.
Property management technology does a lot for your investment, your tenants, and our entire process. By offering online rental payments, for example, tenants are more likely to pay on time. When you can provide an online system for reporting maintenance, there’s less of a risk that you’ll have deferred or unreported repairs piling up at your property.
Good technology also enables a faster leasing process, more reliable tenant screening, and a system for documenting all your income, expenses, and inspections. It’s often difficult for individual landlords to access good technology on their own. When you partner with a property manager, those software systems and platforms are provided for you. You don’t have to worry about accurate accounting, tracking maintenance invoices, or other processes that are automated with the tech we use.
Cost-Effective Maintenance Delivers Peace of Mind
Maintenance costs are rising, and you may find yourself waiting longer than you’d like for simple repairs.
Unless you’re working with a management company that has immediate access to licensed and insured vendors and contractors who provide a high quality of work as well as competitive prices.
A professional property manager can protect your home from damage, deterioration, and legal liability. It’s time consuming to keep up with habitability standards pertaining to rental properties. If a tenant claims that you’re not making the repairs that are necessary to keep the property safe and maintained, you could find yourself in some serious trouble.
Property managers help you avoid the risk and the expense of deferred maintenance.
Property managers will also protect the value of your property. Routine, emergency, and preventative maintenance plans will keep your asset in excellent shape.
Paying less for emergency repairs and routine maintenance is a great way to achieve peace of mind. Most vendors and contractors offer discounts to professional property managers because of the volume of work we provide. You won’t have to worry about overpaying for a repair or hiring the wrong, unlicensed vendor tinkering around on your roof.
Avoiding Legal Liabilities and Risks
Owning a rental investment property in Bradenton or along Florida’s Gulf Coast requires you to pay attention to all state and federal laws that pertain to housing. You need to know what to put in your lease agreement to protect yourself and your property. You need to understand security deposit regulations – where you’re required to hold them in Florida and what you must do when it’s time to return them. There are state and federal fair housing laws that are non-negotiable.
Do you know the difference between a service dog and an emotional support animal?
The laws can be overwhelming. Making mistakes is easy, especially if you’re unable to keep up with the latest legal changes. Working with a property manager protects you from those mistakes. You’ll have a professional who stays on top of all the legal requirements protecting your investment and keeping you in compliance.
Would you like to hear more about how we can help you save money on your rental home and deliver expertise and peace of mind? Please contact us at Anchor Down Real Estate & Rentals. We would love to tell you more.