In Orlando, Florida, being a landlord allows rental property owners to earn a hefty income, with ZipRecruiter.com placing their average annual salary at $81,478. The highest earners (top 4%) even generate $140,000+ yearly!
Still, being a landlord comes with many responsibilities, from marketing your property to securing quality tenants and ensuring your rental complies with all applicable housing laws. It can be stressful unless you partner with an investment property management firm.
So, join our team at PMI Main Street Mgmt today as we uncover the many reasons to consider hiring an investment property manager and how they provide rental property protection.
Maximized Rental Income
An investment property management company has access to market data that can help you:
- Determine how much comparable properties charge
- Set competitive rental prices to attract the right tenants
- Expose your property to as many potential renters as possible
- Speed up the tenant placement process and minimize vacancies
Moreover, a property manager can help boost your potential rental income by proposing profit-enhancing strategies. For example, they may recommend allowing pets in your rental.
Pet-friendly properties can charge additional rent. Tenants who own pets are typically willing to pay this higher price to live comfortably with their furry family members. Florida has many pet owners (12.5 million, according to Dogster.com), many of whom are potential renters.
Effective Tenant Screening
Conducting thorough tenant screening and background checks is among the most crucial real estate investment strategies every landlord should follow. However, it can be time-consuming and complex without the proper knowledge and tools since many laws govern the process.
A property management company can help by screening tenants on your behalf. They use fair and compliant processes to find you reliable tenants who will:
- Pay rent on time
- Care for your property like it is theirs
- Respect their neighbors
Legal Compliance
Understanding and navigating property laws can be overwhelming. Professional property managers stay updated on the latest regulations.
Routine Investment Property Maintenance
Your property manager will handle your property maintenance and repair duties on your behalf. At the same time, they'll ensure your tenants are upholding their end of the bargain and adhering to their legal and optional maintenance responsibilities. So, with a dedicated manager, you can rest easy, knowing your property can stay in excellent condition.
Earn Like a Landlord Without the Stress
With an investment property management firm on your team, you can earn rental income without doing any of the above yourself. You can save time and energy, which you can then use to focus on other aspects of your life. For example, you can spend more time with your family and friends or expand your investment portfolio.
Ready to Protect Your Investment Property?
Working with an investment property management firm is a strategic move for any real estate investor and landlord in Orlando, FL. By entrusting your property to experts, you gain valuable time while ensuring you protect your investment and optimize its returns.
Luckily, you don't have to look far and wide for a trustworthy provider of landlord management services, as PMI Main Street Mgmt can help! Our owners, Christian and Paige Trani, are highly experienced professionals boasting over 35 years of combined real estate management expertise.
Don't leave your investment to chance. Contact us today for your free consultation, and watch your investment flourish!
