Many of us have met someone who says all the right things—but is not what they seem. This can be frustrating and disappointing in one's personal life—but as a top provider of property management, Leesburg landlords, we know that developing trust in a tenant who turns out to be acting in bad faith can be ruinous.
It's easy to let the fears of an intense news cycle, such as the one associated with the novel Coronavirus pandemic, affect you in your day-to-day work. However, if you have tenants scheduled to move out soon and you're worried about placing your new renters, do not let this stop you from doing your due diligence!
Screening tenants is a crucial component of rental property management, Leesburg landlords—even if the results mean waiting a little longer until you have the right applicant. Even if you are a DIY landlord, recognizing the value of screening your renters thoroughly can protect you from disaster down the road!
When you're responsible for your property management, Leesburg landlords, you may find that forging strong bonds with your renters is generally rewarding and positive. Part of the problem with difficult tenants in this mindset is that you often don't see them coming—and what works well with the majority of tenants will allow you to be taken advantage of by the unscrupulous.
Scammers are more active than ever during a crisis like COVID-19. While it's tempting to be less vigilant and more trusting, this simply leaves you unprepared.
From the desk of Gunn property management, Leesburg, FL:
If you've been looking at your rental property and wondering if you're charging the right rent, you've probably been thinking about all the factors that determine value. How do you know how much you can charge? It's important that you focus on the rent you can actually get, as opposed to the rent you want: the best way to do that is to perform a rental analysis.
Raising the rent is an issue may landlords struggle with, especially during times like these when you're wondering what your community can weather because of the COVID-19 pandemic. However, when the expenses of operating your property rise, your rates need to rise with it. The key is to avoid raising the rent beyond your renters' price range: increasing rates too sharply around a lease renewal is often a quick ticket to leaving you with vacancies to fill.
Deciding how much to charge for your rental property is no easy task. So many factors come into play when it comes to setting the rent, and as an expert in property management (Leesburg, FL area), we have seen all kinds of worst-case scenarios play out. Many landlords right now are also concerned about the impact that COVID-19 will have on the ability of their tenants to pay rent—so the idea of potentially lowering the rent on your property might seem frightening when you have a mortgage to pay.
One of the most common questions we get asked by first-time landlords is this: how do I know if a property is a good investment? Everyone wants to get a great deal in their real estate purchase. While buying property can be a great way to grow your portfolio and secure your financial future, Leesburg property management experts understand that not all properties are worth your time—or your money!
If you own a house that you don't intend to live in, you're no doubt weighing your options on how to address this property windfall. Our Leesburg property management services are here to help you make the right call—and make the process as easy as possible.
- Are you the proud owner of a starter home your family has outgrown?
- Do you own a giant house that feels empty now that the kids have moved out?
- Were you gifted your parents' house as part of an inheritance?
- Are you being forced to rethink your location due to a career change?
In the ever-changing real estate rental market—and especially now during the COVID-19 pandemic—a challenge many landlords face is adjusting their marketing plans to attract millennial renters.
While millennials are currently the largest body of renters in the market, their methods of finding a property differ from previous generations dramatically. They have paved the way for a complete overhaul of traditional tenant expectations for how the rental experience should be. In some ways, during this time of social distancing as the new norm, this is a silver lining.
Did you know that 67% of households in the United States own a pet? Of that number, the majority of families own dogs and cats. With statistics like that, it's no wonder how allowing pets in your rental home can seriously open up your potential pool of renters! Not only do you have more prospects to market to and attract, but you even have the opportunity to charge additional pet rent to let Fido live in your rental home!