Renting out your home is an excellent income source, but the job of a landlord is one that can also be stressful. Tenants call at all hours of the day and night, need repairs made to the home, pay rent late, need to be evicted, and more. For the average person who has another life to live, these annoyances are overbearing and ruin all the joys of being a landlord. Fortunately, you can benefit from the rental property if you hire a property management jacksonville professional.
What Is a Property Manager and Why Use Them to Rent Your Home?
Property managers handle all aspects of the rental property so all that’s left to do is sit back and collect the rent checks. They advertise and rent the home to the most qualified tenants, provide maintenance, and answer the phone when a tenant has a need. In other words, property managers minimize the problems, so it is not an encounter that drives you mad. They ensure that the best tenants are in the home and that their needs are always met. Many renters prefer using a property management company to rent their home because it is just easier, and many consider it more professional as well.
You’re in Control of the Property
It is your home, and nothing changes the fact that you are the owner, so you still call all the shots when it comes to final decisions. You still control your home and what goes on at the property. You set the ground rules and the property managers enforce them. Of course, all state and tenant-landlord rules still apply, and a property management company cannot change or alter any of them. The property management company is there to help with the home to make renting it a little less stressful. Most landlords agree that using a property management company is the best way to maximize this secondary income.
Who Should Use a Property Management Company?
Although anyone who owns a home they wish to rent out to supplement their income can benefit from a property management team, people who reside in a different city/state, people who travel frequently, and people who lead full lifestyles already benefit from their services considerably more. People who own multiple properties also thrive when property managers are used. It is incredibly difficult to manage just one or two properties, much less a multi-unit complex. Luckily, the property management team has the right experts to handle the need and ensure that each tenant gets the services they want and need to live comfortably.
The Bottom Line
Costs to use a property management company differ from one project and company to another. Most companies charge 10% – 30% of the monthly rental rate to manage your property. You’re also responsible for paying the costs of maintenance supplies and products in addition to the charges the company brings to handle management of your property.