Rental Management or Tenant Placement-Which Is Better?
If you own rental property this question has undoubtedly crossed your mind? Should I manage my property myself? Should I use someone to just find a tenant for my home and execute the lease, or should I hire someone to fully manage my property? The best way to answer this is to figure out what the difference is.
Property Management & Tenant Placement-the Similarities
Both programs will advertise your property. The goal for you (or someone you hire) will be to find a good tenant as quickly as possible. Background checks and employment verification will be run and a lease will be drawn up and executed. Upon move in, a check-in process will be run and the tenant will move in.
Property Management & Tenant Placement-the Differences
Here is where the differences come in. Once the deposit and move-in costs have been collected and the lease agreement signed, if you opt for tenant placement management is turned back over to you. Be prepared for the following:
late night/weekend phone calls about broken appliances, A/C units, etc.
finding reliable repair companies to go out to the property
coordinating with the company and the tenant or having to meet the repair company yourself
tracking down late rent
knowing and abiding by the ever-changing laws
and much more!
With Property Management services, your property manager will handle every aspect of property management, including advertising, tenant screening, annual accounting, maintenance requests, site visits, leasing issues, and more
The Choice is Obvious
This is Florida and our area has some of the most beautiful beaches around. Your free time should be spent enjoying the Florida lifestyle, not managing your rental property. Hiring a property management company will take that hassle off of your shoulders and place it on someone who handles rentals every day. Go out an enjoy the sun and leave the work to us!
We at First Coast Realty pledge to treat your property as if it were our own. We offer both tenant placement and property management options. Achieving great results for our customers is important to us at First Coast Realty, Inc. In order to achieve this, it's important to find great tenants. We use aggressive marketing and thorough tenant screening to locate the best renters available. We handle all aspects of property showing and application checks, and we'll let you know once we've located a tenant who meets our strict standards.
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Are you an owner of a rental property and you're tired of managing it yourself or you feel your current management company is dropping the ball? If so, reach out to us on Facebook or Twitter and we would be happy to speak with you about what works for you. Or, to talk to our property manager call/text today 904-494-8408 or email email@example.com
About the Authors: The above article "Property Management or Tenant Placement-Which Is Better?" was provided by Broker and Property Manager, Gene Johnson with First Coast Realty Inc. With a well organized property management division, if you’re thinking of buying a rental property or looking for a property manager we’d love to share our knowledge and expertise. We service St Augustine, Palm Coast, Palatka, and Jacksonville areas.
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