Is there more to managing rental property than just putting a “For Rent” sign in the yard and hoping that your new tenant will pay on time? Here are some tips from Real Property Management Freedom to help ensure you rent to good tenants. You will have fewer vacancy days, which means that those rent checks will keep coming in each month. Real Property Management Freedom does so much to help you keep your rental cash flow coming in.
Have you ever been tempted to let the first person with cash in hand sign a lease? What do you really know about this person? A professional property management company, like ours, will take the time to screen and qualify each potential tenant carefully. We know what to look for and how to look for it. Background checks will reveal any criminal history and also check for potential terrorist links. We ask for references from employers and former landlords. The income of the potential tenants must be at least three times more than then the rent. These are just a few of the things good property managers look for. However, we can help you do more so that you can be confident that you are placing a quality and trustworthy tenant in your investment property.
Be legally wise
There are many laws related to leasing and renting property. Professional Property Managers know these laws and have attorney’s to help them with legal matters. One legal issue filed against an Orlando investment property owner can be very costly and consume your cash reserves. Real Property Management Freedom knows how to properly comply with those laws to help you avoid legal issues that will cost you money. Fair housing rules are in place and Orlando has its additional statutes to make sure you are not discriminating against race, religion, service animals, and other protected groups.
Rent Collection Process
Of course, collecting the rent is the ultimate goal of owning rental property. An experienced professional property management company collects the rent for you on time. Our tenants are able to pay their rent on time because we provide payment options and an online tenant portal with access 24 hour a day, 7 days a week. However, our leasing and move-in process makes our fair payment policy clear from the start. This helps us avoid problems while keeping the rent collection process professional. Often this is difficult for first time property owners. They are more lenient on the rent due date then they should be.
Expectations are that you are available at any time of the day. So property management can be a very stressful experience. Also, the property management job can be made easier for you when you partner with an experienced and professional company. Why? Because we understand property management and the Orlando market. Real Property Management Freedom focuses on the benefits and freedom that owning real estate can give you. We help you prevent the headaches that managing property can bring.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.