You own a condo in Florida and would like to rent it out. It’s a great idea, but there’s a lot more to it than you might think. Getting into the business of condo rentals in Florida can be rewarding and profitable, especially if you hire the services of an excellent property manager to take care of that business of your behalf, so that you can get the absolute most out of your condo rental.
Condo Rentals in Florida & Paperwork
An experienced property manager who is familiar with condo rentals in Florida will know exactly what’s required in terms of the necessary paperwork, and can provide the guidance you need to cross the t’s and dot the i’s. All you need to know about rental forms and contracts, damage deposits, taxes and more, will be in the expert hands of your property manager. There are no paperwork hassles or confusion to worry about when you know that legal matters are well taken care of.
Advertising for Condo Rentals in Florida
The market for condo rentals in Florida may be booming, but remember the competition. Plenty of other property owners are vying for customers, too, and your best edge is the skilful promotion and competitive edge provided by a great property manager with the know-how it takes to attract renters. Think of the time, energy and research it would take for you to learn how to best publicize condo rentals in Florida, and then imagine having a professional take care of all of that to reach your target market competently and efficiently.
Prices for Condo Rentals in Florida
Naturally, you want the rental price for your Florida condo to be competitive and appealing, and also bring you a profit. Take the guesswork out of the numbers game. Your property manager has the scoop on the right rates for condo rentals in Florida, and will know the appropriate price range for the size, style and location of the unit or units you are offering. There’s no guesswork involved, and you’ll be confident that the rates asked for your rental property will be fair and realistic, while still working for you as a successful investment.
Screening Tenants for Condo Rentals in Florida
You don’t want damage or neglect to compromise the value of your investment property, or to have to chase after irresponsible people who don’t pay the rent on time. There are a number of decisions to make, and references and credit histories to check. Obviously your best bet is to choose your tenants wisely. Having a property manager to conduct the screening process, then select and approve reliable tenants on your behalf is a welcome relief. Before you plunge headfirst into condo rentals in Florida, consult a knowledgeable property manager who can handle the headaches and give you the edge.
Jennifer Fehr is the co-owner of Suncoast4Rent with her husband Tom Fehr. Jennifer is a Florida State Real Estate Sales person and works through Stonebridge Real Estate Co Inc in Clearwater, Fl (Pinellas County) to bring the personal touch to all your Real Estate needs, be it professional residential property management, consultation or sales.
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