Our country has more accidental landlords than ever before.
There are countless reasons why someone might become an accidental landlord, from inherited property to rising interest rates. If you've recently found yourself with a rental property that you can't manage, it might be time to consider landlord rescue services.
In today's post, we'll tell you some of the signs that you need a landlord rescue in Orlando. Property management services can take on most of your landlord duties, allowing you to turn a tricky situation into a beneficial one. Keep reading to find out if you're a good candidate for this.
You Don't Have Time
The most common reason for landlord rescue is that you don't have time. Owning a rental property is more work than people realize. You need to market the unit, vet tenants, then manage their needs to keep them around.
If you've got another job or a young family, there's not enough time in the day to tackle everything a rental owner asks of you. A property management company can take some or all of your landlord duties off your hands and let you focus on your life.
You Live Elsewhere
Whether you've inherited a property from a loved one or made a hasty out-of-state investment, living elsewhere makes it impossible to be a good landlord.
Even the most laid-back tenant will need your help from time to time. If you can't devote your services to them to handle maintenance requests or interpersonal issues with other tenants, they'll leave and you'll be left with more work to do.
Tenant retention is important for landlords. Keeping good tenants happy increases lease renewals and makes your life easier. Hiring a property manager to look after them, as well as your property, is essential.
The Property Is Falling Apart
You may intend to be a landlord, but if you don't have the skills to maintain your property, it won't work. Rental properties go through more wear and tear than owner-occupied ones. Maintenance is an ongoing task that you must devote time and resources to.
A property manager will have the skills and connections to keep your property intact. Whatever they can't handle themselves, they'll have a long list of vendors they can contact to help. A well-maintained property is easier to manage and brings in more money.
Delinquent Tenants
The biggest source of landlord stress is delinquent tenants. If you have a poor tenant in your property, you may need to go through the eviction process to get rid of them.
This is where a property manager's skills truly shine. With a deep understanding of Florida's eviction laws, they'll quickly deal with the eviction process. Once the bad tenant is gone, they'll market the property to qualified renters, then perform tenant screening to ensure you get the best one in your unit.
Get Landlord Rescue in Orlando Today
If you've had any of the above issues with your rental property, it's probably time for landlord rescue. Getting a good property manager to help you run your rental is the best way to diminish the stress of being a landlord.
For Orlando property owners, PMI Property Solutions is the answer to your woes. We offer all of the services discussed here and more, so contact us today to learn more.
