A Landlord's to-do list goes far beyond simply collecting a rent check every month.
There are a number of responsibilities a Property Owner or Landlord must tend to regularly. Having a list of trusted and qualified professionals to call on to help fulfill maintenance requests, answer legal questions, collect rent, and more can make all the difference when it comes to renting your investment property.
Here is a list of some of the most helpful contacts a Landlord should always have on hand from professional Property Managers in Central Florida.
Renting your property to a tenant comes with many laws and regulations. It's important to have a trusted Attorney to guide you through the processes regarding any laws, repairs, maintenance, insurance, security deposits, and evictions.
They can be a valuable contact to have on hand if you have any questions and to ensure you're abiding by the appropriate laws through each step of renting your property.
It's also important to know your rights along with your tenant's rights to help ensure a smooth rental experience.
Maintenance is one of the responsibilities of a Landlord, so having a handyman on call that you trust is an important contact for a Property Owner.
A handyman is not only important for routine maintenance on your property or to handle repairs if anything were to break, you'll also want a trained professional performing routine maintenance inspections on appliances to ensure they're all performing correctly.
This person should also make sure the inside and outside of the overall property are running properly. Having a trusted individual staying on top of repairs and maintenance could potentially save you money down the road.
Beyond a handyman for general maintenance, it's important to have specialists on hand who hold the right licenses and certifications for repairs on more specialized home repairs.
For example, repairs on the HVAC system (heating, ventilation, and air conditioning system) it's important to hire an HVAC repair specialist that is licensed and holds all the necessary certifications to properly maintain and repair such an important system in the home.
Accountants are an important contact for Landlords and Property Managers in order to help organize payments such as rent, deposits, and any other payments your tenants may be making before, during, and after their lease term in your property.
They can also advise you on what qualifies as a tax deduction for your rental property.
When renting a property, having a trustworthy and professional individual handling your property finances and tenant payments can help take the stress out of such a crucial part of owning a property.
Often times, Landlords take responsibility for the landscaping of the home, adding value for a tenant if they don't have to maintain the property's curb appeal.
Upkeep such as bush/tree trimming, grass cutting, weed sprays, flower planting, and mulching are all important aspects to maintain for a pleasant looking property.
However, many Property Owners lack the time to be able to handle their investment home's landscaping upkeep on their own. Having a reliable landscaper takes the stress out of dealing with it on your own or relying on your tenant.
From rent collection to legal guidelines, routine inspections, and delegating maintenance requests to a trusted list of qualified repair specialists, a Professional Property Manager can take the place of all of the contacts above!
A Professional Property Manager can be a one-stop shop for taking care of a Property Owner's needs when renting out their property, in addition to finding qualified tenants to rent their property, helping price the property correctly, and more!