Renting out a home, condo, or other housing can be a great source of additional income, whether you're dealing in short-term vacation rentals or properties that are leased annually. But with the potential for profit also comes a great deal of work, from finding the right tenants to collecting rent and maintaining your property. The tasks associated with renting out your property are not only time-consuming, but it's also easy for something to go wrong.
That's why our company - through our real estate agents and a team of rental experts - offers a property management program to make things easier for you if you're renting out your property. In fact, our team currently manages more than 1,200 properties, including annuals, short/long term, and vacation rentals in Manatee and Sarasota Counties. The following are some of the benefits of utilizing a rental program.
Our company has over 8 decades of rental experience, and we offer full-service property management services. Even if you're an experienced landlord, our experience, expertise, and convenient services can help you get the most out of your rental property.
- Competitive Pricing
We'll use our market data and rental rate data, as well as our professional knowledge of the current real estate rental market, to help you set the optimal rental price. Correct pricing will help you maximize your profits while also making it more likely that your home is rented quickly.
You'll need effective marketing that reaches the best potential tenants for your property. We provide this in a variety of ways, starting with utilizing our property management software to syndicate your property's listing out to multiple websites, including online booking sites. If it's needed, we can also purchase additional advertising.
- Tenant Screening
Taking the proper steps to research a prospective tenant can go a long way toward avoiding problems. We'll require them to fill out a fee-based rental application and will then conduct a background check on criminal, credit, eviction, and sexual predator records. In addition, we'll require proof of income and will contact previous landlords and employers.
- Pre-Rental and Post-Rental Inspections
Before a tenant moves into your home, we'll take detailed date-stamped photos to provide evidence of your home's condition. We'll do the same when the tenant moves out, and if they've damaged your home, we'll let them know and will adjust their security deposit accordingly.
- Coordination of Repairs
At some point, your property will need a repair of some sort. We have relationships with qualified service people and will work with them to assure that you receive the best quality of work at a good price. And since some repair emergencies happen after hours, we're available for these types of calls 24/7.
- Consistent Payment Processing and Disbursement
We'll monitor and process all your rent money, and you'll have the security of knowing you'll receive your payments when expected.
Our property managers will frequently communicate with you, so you're kept up-to-date on everything and will have the chance to express any concerns or ask any questions.
- Help to Comply with Applicable Laws
Depending on where it's located, you may need a permit in order to operate your property as a rental unit. In addition, we'll make sure you understand the legalities of consent forms, lease agreements, and Fair Housing laws.
Contact us to see Sarasota homes for sale or Bradenton homes for sale or learn more about how our rental program can help you maximize your profits and minimize your problems.