While many people see the tremendous value in owning rental property – including both the income and equity it can provide – there is another factor involved with this type of investment that may not be so appealing to everyone. That is performing the duties of a landlord.
“Landlording” can require you to be involved in a long list of tasks – some of which may not be very pleasant – such as performing property maintenance (both on an emergency and a day-to-day basis), collecting rent from tenants (who may or may not necessarily always pay on time…or at all), and marketing the property for lease when it is vacant.
But, if you want to ensure that all of these tasks are performed, the good news is that they do not have to be undertaken by you personally. Rather, adding a property manager to your rental property team can oftentimes alleviate the stress and time-consuming nature of managing your own investment units.
Just some of the responsibilities that you can hand over to a property manager include:
- Rent collection
- Lease negotiation
- Emergency maintenance
- Regular maintenance
- Screening for new tenants
- Eviction of tenants who do not pay their rent and / or who have violated the terms of the lease
In addition, it is also necessary for you to keep good records regarding the income and outgo that is associated with your real estate investments.
Here, too, is where a good property manager can come in.
If you own rental real estate in the Orlando and / or the surrounding Central Florida area, give us a call. We are an experienced team of property management professionals who focus on ensuring that your investments are running smoothly, day in and day out.
By handing over the many time-consuming tasks of marketing and managing your property (or properties), you can ensure that everything will be handled in a timely and efficient manner. So, contact CFL Property Management today.