ONE Sotheby's Int'l Realty
Hector Zapata PA, ONE Sotheby's Int'l RealtyPhone: (754) 244-2687
Email: [email protected]

How To Manage A Rental Property

by Hector Zapata PA 07/11/2019

After a massive investment in real estate, the next step is managing your property investment effectively. As a property owner, there are some specific management requirements that you must consider. Here are some tips to follow for successful property management.

Take the Maintenance Seriously 

Keeping up with your maintenance is one of the most important things that you should. It is essential to do so because you are legally responsible for the responsible for making the house safe for habitation. That is, you should keep the areas of the home in a good state, and provide a place for the tenant to throw their garbage. A poorly maintained property will not be attractive to prospective tenants. People will not be willing to stay in a pest-infested house with plumbing issues.

Avoid Tenant Turnover

It is essential to keep your tenants happy so they will not have any cause to consider another house due to inconvenience, negligence, or other issues. What you can do to keep your tenant satisfied is simple; responding to repair request is one of the ways to make them happy. Also, make sure you go for other good tenants. One of the reasons most tenants relocate is that they are not in good terms with their neighbors; hence, you have to be cautious in this area. You can weed out the bad tenants by putting strict tenant screening procedures in place. 

Do not disobey the Landlord Tenant Law 

The law gives you a structure to follow, which will streamline your management process and make you avoid some mistakes. For instance, you will be familiar with the rules of the amount to collect a security deposit and when you should return the money. Furthermore, the law will provide you with a tenant evicting process and what can make you evict a tenant in your state. You need to get yourself acquainted with the statewide landlord rules and also check your local town for any new laws.

Hiring a Property Manager

Sometimes, the task of managing a property can be overwhelming. You can consider hiring a property manager. Hiring a property manager is not cheap, and it is a critical decision; hence, you need to be sure of your financial standing before making your decision. Also, you have to remember that there are bad eggs among the property managers that can destroy your rental property; therefore, you need to screen them thoroughly before hiring. 

Having a property manager will ensure that you can get the best from your property and investment.

About the Author
Author

Hector Zapata PA

Hector was born in Colombia, and has called South Florida home for more than 18 years. He is an Industrial Engineer by trade specialized in Cost Control, Production Planning, and Plant Design. Prior to moving to South Florida, Hector worked for 13 years as a Plant and General Manager in the Graphics and Publishing Industries in Bogota, Colombia. When Hector moved to the United States in 2001, he decided to become a PGA Golf Pro, and created his own business in the Golf Industry as a competitive player, and teaching pro. He was the founder and director of Bonaventure Golf Academy. In his nearly 15 years of experience as a Golf professional and Instructor in South Florida, he has been asked by many customers looking to purchase a home on a golf course his opinion about the best Golf Communities in South Florida. He became a full time realtor in order to better serve his customers, and help them as well as all golf enthusiasts find the home of their dreams. Hector is highly recognized for his personalized service, ethics and professionalism in the Golf industry, and his goal is to provide extraordinary service to his Real Estate customers and friends too! Hector is specializing in Golf communities and Luxury properties in South Florida.

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