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Orlando Rental Property Management

Owners of rental properties call us daily as to inquire about our Orlando Rental Property Management services.   Having a vacant property can quickly cause an owner some serious stress, not to mention money out of pocket.  Vacancies are bad for a few reasons:  1.  Potential damage to the property through vandalism.  Neighborhood teenagers with nothing to do, or locals with a desire to steal the copper from the air conditioning unit to resell.  2.  Utilities in the home must on, whether to improve showings or prevent mold during hot summer months.  If a tenant had been living in the property, they would have been paying the utilities.  3.  Damage to the property by mother nature causing roof damage, etc, that since the property is vacant, goes undetected for an extended period of time.  This damage because it is not fixed right away becomes worse.  4.  With a good Orlando Rental Property Management company, there will be a tenant living in the property.  If there is no tenant, there is NO revenue.  Vandalism is an annoyance.  Utilities paid by the owner is a small expense.  Damage to the property due to an act of God could be hazardous to the pocket book.  But not receiving revenue is an every day loss of income and this should eat at any real estate investor or Orlando Rental Property Management company. 

Is it possible to never have a vacancy, no, not really.   But have we seen owners allow their property to sit vacant for several months, definitely.   I remember on wall of the family dentist growing up, he had a quote…”Any dentist who hates cavities, can’t be all bad.”  Well, in our mind, an Orlando Rental Property Management company better really, really, really hate vacancies.  Other than property management services, it is typically the largest expense an owner has during a year.  Unfortunately for some owners, it can be much more than what the costs are of an Orlando Rental Property Management company.  If your property manager does not hate vacancy, find a new property management company fast or your property could be sitting vacant.

Let’s focus on keeping a vacancy down to a minimum and how to do that.  First, your Orlando Rental Property Management company should have plenty of ads out on your property.  Not just a sign in the yard and a few websites.   Advertising a property is like shooting a shot gun, the blast needs to go all over.   Whether a potential tenant speaks to a real estate agent or other property manager.   Goes online and views a few different rental property websites.  Drives around looking for places to rent.  Your property must be listed at all of those sources.  Why, one time you may lease your property through a sign.  Next time, though a website.  The next, through a real estate professional.  The problem is, placing ads on just one source will only draw one set of calls, and you need lots of calls, to lead to showings, to lead to multiple prospective tenants wanting your property.  Then you will have a choice of tenants, run a thorough application on this tenant and you will have success in today’s rental world.

If you are looking to fill a vacancy, please give our Orlando Rental Property Management a call to learn more.  Dial 407-641-5049.