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Managing your own rental property might seem easy enough, and a lot of landlords expect DIY property management to be a breeze. However, it has become a lot more complicated in recent years, especially in the competitive Melbourne, Florida rental market.
Marketing your rental home is one of the most critical aspects of owning an investment property. A successful marketing plan can limit your vacancy time, increase the amount of rent you’re earning, and attract high-quality tenants in Melbourne, Florida.
During your initial interviews, we think you should ask a potential property manager these 10 questions. Their answers will tell you what you need to know about how they do business.
When you hire a Melbourne property management company, you’re expecting a long-term relationship. Change is scary, especially when continuity is so critical for your real estate investments.
Today, we’re talking about how to handle the eviction process without getting emotionally involved and making some of the common mistakes we often see landlords make.
Rental inspections can help Melbourne landlords identify potential maintenance issues and make sure their tenants are following the terms of their lease.
There are hundreds of good reasons to work with us. Today, we’re focusing on just a few of the benefits you can enjoy when you work with our talented group of leasing agents and property managers.
Our leasing process includes a fair, consistent, and legally compliant tenant screening. There are a few things you want to spend some time checking, and we’re covering those areas in today’s blog.
Ideally, you’ll talk to your property manager in Melbourne about establishing your rental property pet policy before you even begin advertising your rental home. You’ll definitely want to know about any pets before a tenant moves into the property. However, tenants aren’t always forthcoming about having pets, and sometimes they’ll acquire a pet after they move in, without informing you. Today, we’re talking about what you should do when you discover an unauthorized pet at your property. Collect Evidence of the Pet If you drive by a property and you see that a tenant has an unauthorized pet, you need to collect some sort of evidence. You can take a picture or a video, and do whatever you can to document that there’s a pet on the property. Talk to the Tenant After you collect the evidence and you are back at the office, call the tenant. Let them know that you were at the property earlier, and you saw the pet. Let them know that you’ll be posting a 7 Day Notice to Cure. Decide Whether to Accept the Pet At this point, we will post the 7 Day Notice to Cure at the property, and then we get in touch with the property owner to let them know what’s going on. We will ask the owner if pets are acceptable if the tenant wants to keep the animal and is willing to pay a pet fee. If the owner says yes, we tell the tenant that it’s possible to keep the pet, and we collect the appropriate fee. If the owner says no to pets, we let the tenant know they have those seven days to re-home the pet. If the tenant does not take care of this matter, we will have to proceed with an eviction because the tenant is in violation of the lease. If you have any questions about pets or anything pertaining to Melbourne property management, please contact RE/MAX ELITE’s Property Management Division today!
When you’re choosing vendors for your rental property in Melbourne, it’s extremely important that you work with professionals who are licensed and insured. Many times, we will have property owners say that they have a friend or they have an acquaintance who can go over to the property and do the work for a lot less than the vendors we usually schedule to make repairs. It’s true that you might pay a little more for a licensed and insured vendor, but it’s well worth it to you for a number of reasons Avoiding Liability One of the reasons you hire a Melbourne property manager is so that you and your property are protected. When people are on your property to perform repairs, you face a huge liability. An advantage to using a licensed and insured vendor is that when the vendor comes over with workers and they are on your property, everyone there is covered by the vendor’s insurance. If someone gets injured on your property, that can be a lot of legal exposure for you. You don’t want to put yourself at risk for losing your investment property because of one lawsuit that involves an unlicensed vendor and uninsured workers. Protecting Your Investment So, you might have to pay a little more for a licensed and insured vendor or contractor, but it’s money you’re spending to protect your investment property. With professional vendors, you can also be sure that you’re getting high quality work, and the vendor will stand behind that work. This protects the condition of your property. When your Melbourne property management company wants to send licensed and insured vendors to complete repairs or maintenance on your property, it’s because they are looking out for you. If you have any questions about this, please don’t hesitate to contact RE/MAX ELITE’s Property Management Division today!
