When you own
Fort Lauderdale rental properties, you’ll be making ongoing decisions that affect how your investment performs. One of the biggest decisions you’ll make is choosing a property management company. A good property management company in Fort Lauderdale will help you earn more, spend less, and enjoy a peaceful and profitable investment experience.
As an owner, you can expect all the basics such as rent collection,
maintenance, and tenant placement. But if you really want to raise your standards,
find a management company that can meet your highest expectations. Look for a partner who can lease, manage, and maintain your home effectively while helping you establish and meet your most important investment goals.
Expectations During the Leasing Period
One of the first things you should expect from your property manager is an established rental value.
Property managers have access to the most reliable rental data in Fort Lauderdale and the surrounding markets. You can expect a comparative market analysis that shows you what other properties similar to yours have rented for recently in your neighborhood.
Good property managers will also help you prepare the property for the rental market. If there are cost-effective upgrades and updates that may raise your rental value or enable you to attract better tenants, your property manager may make those recommendations.
Then, you can expect a strategic marketing plan that will attract a pool of well-qualified tenants. Your management company will schedule showings, respond to questions, and thoroughly screen your tenants.
Additional work that happens during the leasing process includes:
- Negotiating and signing the
lease agreement.
- Collecting first month’s rent, security deposit, and other move-in funds.
- Discussing the pet policy if tenants have pets.
- Conducting a move-in inspection to document the condition of your property.
Once your tenant is in place, you can expect your property manager to be the sole point of contact. You should not be bothered at all.
Ongoing Fort Lauderdale Property Management
The day-to-day expectations of your property management company will depend on the type of home you’re renting out. Some properties require little oversight and others will have the property manager dealing with tenants on a regular basis. You can expect on-time rent collection and follow-up if rent is late. Your property manager will track your accounting, creating reports of income and expenses. Lease enforcement and inspections are also part of the ongoing management plan. Expect your management company to handle vendors and ongoing services such as landscaping and pest control.
Maintaining Your Fort Lauderdale Rental Investment
These are the most basic expectations you should have of any Fort Lauderdale property manager. Smart investors want their management team to go a step further and help them identify potential investment opportunities, look for ways to improve ROI, and stay current on all the laws, regulations, and best practices that are relevant on a state, local, and federal level.
We can meet your expectations and help you exceed your goals. When you’re looking for Fort Lauderdale property management, please
contact us at Florida Property Management Services.
