You’ve probably heard that property managers can help busy landlords take care of rental properties—but what do Sarasota property managers do?
Depending on your needs, your property managers can do a lot—or a little—for your rental property. However, without understanding the benefit of hiring a property management service, you might feel like it’s better to keep doing everything on your own.
Being a landlord comes with a lot of responsibility—and a lot of work! If someone could take all of that work off of your plate—while you still benefit from your Venice rental property income—here’s what that would look like for you.
1. Keep Better Tenants—Longer
Retaining quality tenants helps you make more money from your rental property. What do Sarasota property managers do to help you keep your best tenants? A lot! Your property manager:
- Sets the right rental rate for your property: The right monthly rent amount helps attract better quality tenants for your property!
- Thoroughly screens tenants: With an excellent screening process, your property manager can weed out potentially bad tenants and find the very best renters for your Venice property.
- Creates an excellent customer service relationship with tenants: Your property manager is a professional buffer between property owners and tenants! They are responsive to needs and help your tenants feel at home.
Searching for new tenants at the end of a lease term is more expensive than finding the right tenants who stay and renew their lease at the end of each term. Your property managers are the experts at making your rental property the right fit for the tenants you want to keep!
2. Take the Day-To-Day off Your Plate
Have you experienced the day-to-day tasks of being a landlord? If you have a full-time job, being a landlord often feels like having another full-time job.
What do Sarasota property managers do to help take the daily landlord responsibilities off of your plate? They handle:
- Property listings when it’s time to find a new tenant.
- Staging and showing your property.
- All of the maintenance—including routine and seasonal tasks, make-readies, and emergencies.
- Move-in, move-out, and seasonal property inspections.
- Calls from tenants and potential tenants.
- Paperwork! Your property manager takes care of lease agreements, financial reports, and tracking receipts.
Your landlord life becomes much easier without this workload waiting for you at the end of a long day.
3. Return Your Hard-Earned Free Time
Has your family seen you lately? Being a landlord is time-consuming: managing your rental property often takes away your free time after work and on the weekends. Are you trying to take a vacation? Where can you find the time?
When you hire a property manager, you get your time back! Enjoy the work you do as a career, then spend evenings and weekends with family and friends. Schedule a vacation and get out of town for a while!
Your property manager does all of the things you need to do for your Venice property in your “spare” time. When you get that time back, your friends and family will be so glad to welcome you back.
4. Enjoy Getting Paid on Time
Chasing down late rental payments is time-consuming and frustrating. Whether it’s a one-time late payment from a tenant or a regular occurrence from a problem tenant, late payments are enough to make many landlords want to give up on having investment properties.
With an expert property management company, you don’t have to worry about late rent! You can depend on getting paid every month, on time.
The best property managers use an online rent collection system. Tenants receive reminders when it’s time to pay the rent. They log in to an online portal to pay the rent online. The same system processes payments and sends you a payment from one or all of your properties!
If a tenant misses their payment due date, the system reminds them, and your property manager follows up to avoid further delays to you.
What about if you have ongoing difficulties with a tenant? What do Sarasota Property Managers do then? They go to bat for you to address tenant behavior. If necessary, they also pursue evictions on your behalf, depending on what level of service you select. Then, they find a new—and better—tenant right away to minimize any delays in the monthly rental income you gain from your property.
Sarasota Property Managers Do It All—so You Don’t Have To!
Your Venice rental property is in excellent hands with an expert property manager. Plus, you’ll make money from your Venice rental without losing the time or freedom to live your life! This is what passive income generation is all about.
Most landlords get into the investment property business to add passive income to their long-term financial plan. However, when you work every spare moment to keep up with your landlord duties, you quickly realize the income is no longer passive.
We know you’re tired, but don’t give up on your investment properties! Let Real Property Management of Sarasota & Manatee take the tasks off of your plate while you experience more income in your pocket—and time back in your life.