If you own multiple rental properties, there’s no doubt that you’ve thought about hiring a property manager to deal with the day-to-day issues that tenants can bring. From minor repairs to major renovations, rental properties require investment, maintenance, and a major time commitment in order to minimize problems and maximize revenue.
This is where a good property management company becomes your best friend. With high-quality management for your rentals, you can rest assured knowing that your properties are being well-maintained, tenants are satisfied, and rental revenue will come consistently.
The benefits of hiring a top-notch property management company, like Douglas Realty Property Management in southwest Florida, include:
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Consistent rental revenue
This is what having rental properties is all about. If the revenue stream is inconsistent or missing, then the property isn’t making you any profits. At Douglas Realty Property Management, we set strict, yet reasonable rent payment policies, and then enforce those policies fairly and consistently. This attention puts more money in the owner’s wallet, maximizing the property’s value.
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Good property-tenant matches
Experienced property management companies know how important it is to match the tenant’s personality and style to a rental. Incompatibility between the tenant’s lifestyle and the rules of the property will cause nothing but problems. At Douglas Realty Property Management, we vet every rental applicant thoroughly to ensure that we only place tenants in properties where we feel they can live with high satisfaction.
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Tenant management
Once the tenant is placed in a property where we believe they can flourish, we maintain a frequent and direct line of contact to make sure all issues are handled promptly. This keeps the property in its best condition possible, while also keeping the tenant as an active part of the management process.
By staying so actively involved with our tenants and providing excellent relations, Douglas Realty Property Management is able to keep tenants in our properties longer. This means fewer vacancies, fewer months without rental income, and more cash in the owner’s pocket!
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Vendor relations
It takes much more than just a property management company to keep a rental in its best shape. Establishing a network of vendors to work on the property is also extremely important, and at Douglas Realty Property Management, we have relationships with the best maintenance contractors in southwest Florida, so we can handle any issue that comes up while your property is in our care. Because we do so much business with these high-caliber maintenance companies and individuals, we can also offer prices that you’ll never get as a private landlord!
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Scheduled property maintenance
In addition to addressing any issues that come up with the property immediately, we also require regularly scheduled maintenance tasks on all of our properties, like changing out filters or checking smoke alarms. We’ve learned over the years that an ounce of prevention is worth a pound of cure, so getting ahead of issues early is our top priority.
We offer two different maintenance packages for property owners to choose from when allowing us to manage their properties. Our basic maintenance package includes three (3) separate maintenance inspections and is included in our basic property management fees. Our enhanced maintenance package includes two (2) additional inspections, bringing the total to five (5) per year. We highly recommend the enhanced maintenance package for the absolute best protection of your property’s value!
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Legal compliance
The world of rental properties is dynamic, and private landlords are expected to stay abreast of what can feel like constantly changing requirements and regulations. Federal, state, and local authorities can all put laws and guidelines into place that affect landlords and/or tenants, meaning information may be spread out amongst several different sources. This makes it incredibly difficult for property owners to stay updated.
At Douglas Realty Property Management, we keep up with all laws and changes for our property owners, lessening both their workload and stress levels. We can guarantee that all of our practices are 100% legal in southwest Florida, and we adhere to regulations from all relevant authorities, including the FHEO, HUD, FHA, and more.
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Competitive rental rates
When you don’t have any connections in the rental property world, it can be difficult to know exactly what your property is worth to potential tenants. Underpricing your property’s rental rate takes money out of your pockets every month. By using an experienced management company, your property will be expertly valued and competitively priced based on current market conditions.
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Marketing
Another benefit of the network that a reputable property management company can build is a robust marketing plan. By working with skilled advertising companies on multiple properties, management companies can get great coverage, excellent prices, and high-quality tenants. This leads to less vacancies, higher rental rates, and maybe even a waiting list to get into your properties!
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Expanded investment opportunities
When you manage your own rentals, you’re limited to properties in your local area. By using a first-rate property management company to handle your properties, your potential geographic reach is limitless! We help property owners located all over the country manage their southwest Florida properties with great success. We welcome out-of-state owners to contact us and find out how we can boost your investment earnings with minimal personal interaction.
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Peace of mind
Peace of mind may be last on the list, but it is one of the most important benefits of using a property management company. Stress is a silent killer, and anyone who has attempted to manage their own rental properties knows this to be true. By allowing professionals to come in and manage the property for you, you’re taking that stress off of your shoulders, while at the same time ensuring that your property is properly cared for, tenants are happy, and your income stream is protected!
Property Management Services in Southwest Florida
Are you ready to be relieved of the burden of managing your own southwest Florida rental properties? Douglas Realty Property Management would love to help! We are currently at 100% occupancy, which means that we have potential tenants lined up, ready to move in immediately! Don’t let your property sit vacant for even one more day… call us at (239) 542-6906 or contact us online and find out how we make property management easy for property owners all over the southern Gulf coast!
