Reasons to use Property Management in Central Florida

By Admin on Sunday, January 29, 2017

Investing in a rental property is considered one of the wisest investment options. Now that the real estate industry is getting back on its feet after the global economic crisis, you are likely to reap good returns from your property. Owning a rental property could be a fancy idea but it comes with its own sets of responsibilities. Like most people, if you too have a busy lifestyle then these responsibilities will turn out to be a burden. If you want to own a property but you do not want to be hassled by the associated responsibilities then you could hire a property management company. Here are five good reasons to use property management in Central Florida

Leasing Consultants

Because they average large amounts of prospective tenants calling in every day to their office, they dispatch their leasing consultants who make an arrangement to show rental homes daily. Their leasing consultants are trained in the skill of helping prospective tenants and leasing properties.

This consistency in showing competence, coupled with specified training means results for their rental property owners, not to mention an incredible benefit in time and savings to their qualified tenants seeking quality homes.

Regular Rental Property Inspections

If you have confidence in that an image is worth more than a thousand words, then Video Taped rental Property Inspections are just ideal reasons to use property management in Central Florida as the rental manager of your residential property. Since they began adding videotape to their home inspections.They offer peace of mind to rental property owners who wish to protect their premises as well as their tenants who desire to ensure the refund of their security deposits.

Superior Tenant Screening

In choosing the right tenants for your residential property, they believe that an ounce of prevention is worth ten thousand pounds of cure. Property managers want to make sure that their property owners get the caliber of tenants they deserve. That’s why they utilize rigorous screening process on every tenant. This assures that you have less headaches to deal with over the course of owning your rental investment.

Computerized Accounting

Great property managers in Central Florida use the top rental management software in the real estate industry.

In most cases, they process rents the exact day they collect them. Their property owners obtain a highly detailed monthly statement every month indicating all rental disbursements and revnues. They also provide their rental property owners with an annual summary statement, to offer to their tax accountants. Their accounting system also permits them to carry monthly payments forward for their owners, such as homeowners association payments, mortgage payments, or any other monthly obligation recurrence. They make rental property management easy as possible for their clients.

Guaranteed Tenants!

While tenants may not exactly be guaranteed, Central Florida property managers are very careful as to whom they rent to. They are aware that a troubling tenant may provide financial loss and many stressful situations. As a result they use their customized screening processes to ensure you always have high quality tenants in place that won’t cause you to incur financial loss.

Often times, firm have a policy in place that any resident placed by their firm who damages their rental for any reason, in the first six months, they will waive their customary renting fee and re-rent the premises to new tenants.

Do not hesitate to hire a property management company in Central Florida to manage your residential property. On the long run, you will certainly save a lot of money. You will be able to keep the tenancy-free periods to the minimum, which in itself should be reason enough to use a property management company. When you do choose to work with one make sure that you are picking a reputed service provider.

Article provided by Central Florida Property Management Company:

State Property Management LLC

2807 Sweet Plum Ct., Kissimmee, Florida, 34747

407-288-8283

Property Rental

Challenges of finding Tampa Rental Properties

By Admin on Thursday, January 12, 2017

Tampa is a key business city in the country and the demand for housing is very high. The city’s population is on the rise as many people are now willing to live and work in Tampa. Consequently, the demand for housing is on the rise too. However, it is worth noting that not all people living in the city can afford to buy their own home. A good number of the city residents rely on rented houses for accommodation. This has made rentals in Tampa a very highly demanded commodity as tenants compete for the available houses. The following are some of the key challenges of finding rental houses in Tampa and its environs.

1.Finding a Reliable Property Manager to Help You Is Hectic

One of the biggest challenges when finding a rental house in Tampa is getting a reliable real estate manager to help you with the search. A good number of landlords in the city are yet to appreciate the idea of hiring a property manager to help them. More so, some of the property managers in the city are not competent enough to offer quality services and this makes it very difficult for those looking for properties to rent to get the necessary help they want from the city’s property managers. It is also worth noting that some of the city’s property managers are non-locals and they do not understand how the local market works. If you’d like a good local property management company try Advantage Realty Services – Tampa

2. Rental Rates Are Going Up Rapidly

The demand for both residential and commercial houses in the city of Tampa is on the rise and property owners are revising rental rates now and then to take advantage of the increasing demand. Consequently, rental rates are rapidly going up in the city and renters are finding it difficult find good and affordable houses. In fact, many people renting properties in the city are unable to afford house prices in the metropolitan areas of Tampa and prefer to rent in the city’s neighborhoods.

3. Some Once Residential Properties Are Changing Into Commercial

Another biggest challenge when finding a rental property in Tampa is that the once residential properties are now changing to commercial properties. The city of Tampa is known as a business city for many decades and the demand for commercial properties is on the rise. This has made some owners of residential properties in the city to convert them to commercial properties in order to take advantage of the shift in demand. It is also worth noting that commercial properties in Tampa have higher rental rates than residential properties and many landlords are quick to convert their residential houses to commercial houses.

4. Too Much Modification to the Existing Houses

The size of rental properties in Tampa is another factor that has raised many concerns among tenants. Many landlords are doing too much modification on their existing houses so that they can take in more tenants and make more money. Consequently, rental houses in the city are becoming smaller and smaller and tenants are finding it difficult to find spacious rental properties to meet their needs. Some people in the city are renting two adjacent houses so that they can get the space they want. It is very unfortunate that rental rates are going up in the city and yet spaces are becoming smaller and smaller.

5. The Number of Properties Is Lesser than Demand

The number of properties available for rent in the city of Tampa is currently below the demand and competition is very high. This is because very few new houses are built in the city due to do lack of space. On the other hand, the city’s population is increasing and the demand for housing is on the rise. This has made it difficult for renters to find good residential and commercial properties to rent. Rental properties in some parts of the city are booked when they are still under construction and renters are paying huge money in the form of goodwill.

6. Some Rental Properties Are In Bad Condition

The majorities of the property owners in the city are taking advantage of the skyrocketing demand for rentals in the city to avoid doing essential repairs and renovations because tenants have very limited options. Consequently, some properties in the city are in a deplorable situation and tenants are having a difficult time to get a well maintain rental house. Sometimes tenants are forced to do some minor repairs such as painting the house by themselves.

Submitted by Tampa Property Management Company:

Advantage Realty Services, Inc

3337 W Bearss Ave., Tampa Bay, FL 33618

(813) 908-8300

Property Investment

Real Estate Business – A Matter Of Risk With Huge Profit

By Admin on Sunday, January 1, 2017

Real estate business is something that should be dealt with the intelligence to have success. The investment in the real estate business is a matter of risk. Though one can reach to the top with the business, if you are misleading in this matter, you might face a real grudge in this. If you are a joiner, you should be quite aware of the few facts relating to the real estate business. This article would tell you about the advantages and the risk factors in the matter of real estate business.

The Advantages Of Investing In The Real Estate Business

A longer term of business in real estate fields provides a good return on your investments. The returns are based on the equities. The returns on this field are quite higher when compared to any other fields.

The real estate investment shows complete correlation with the inflation’s. Therefore, when an investment is made over a longer period, it provides a good return. You get well paid off when you deal with a good patience and hard work.

In the real estate business, the property is distinct. The investment avenues are available for small as well as large investors. Therefore, you stand a good chance of achieving success whether you are a small or a large investor.

It has been said earlier that the real estate investment is associated with market risks. The risks of the real estate investment must be understood well. You should also deal well with them to make this work.

Risk Factor In Real Estate Investment

The risks in the real estate investment have to be dealt very carefully. Here are the few risks of investment that you need to learn.

The location of the property: The location of the property is a matter that is to be kept under consideration. The location of the building decides the market value of it. However, the attractiveness of a place must change over a long period. This might increase or decrease the market value of the property.

The Characteristics Of The Property

The physical structure that is its type and utility is very effective on the value of the building. For instance, an office or shop may change the value of the property.

The Depreciation Of The Value

All buildings have wear and tear. The wear and tear of a particular building may reduce the value of the same. The building may become less attractive over time. Therefore, it is also a necessity to sell out the property before it gets less attractive to the customers and the value gets lower.

The Lease Of A Property

If a property is given for lease to a good tenant, it is a good return for the owner. In case the tenant is not that good who would not maintain the property, the building may get wear and tear over a short period than usual.

These are the risk factors and the advantages of the Real estate business. One efficient investor must maintain a good balance between the risk and the advantages.

Monthly Archives: January 2017