Rental Property Nightmares Easily Avoidable Says Local Industry Leader

Owning rental property can be a truly wonderful experience. It can provide income, security and a nest-egg for one’s old-age and retirement.  As a matter of fact, more millionaires in the U.S. have been created through real estate investing than any other industry.  Forget about high-tech -- real estate investing is the way to go for most millionaires.

That said, there really can be a dark side to owning rental property and your fears are quite justified.  There are tenants who don’t pay their rent and who destroy properties, causing thousands of dollars in damage.  They sell drugs, they fight with neighbors, and they cause the police to be called out at all hours of the day and night.  It can be a real nightmare, BUT it certainly doesn’t have to be . . .

None of these problems are inevitable.  In fact, most of these problems, believe it or not, are actually the OWNER’S fault!  They can be traced right back to the inexperience of the owner.

You see, there are proven methods and systems that can virtually eliminate all of these problems, so that they NEVER come up, or if they do, they occur much less often and with much less severity.

The problem for most individual owners like you is that the right systems, technologies and expertise required to effectively manage rental properties costs many thousands of dollars, and years to acquire.  The smart owners, those like yourself who understand that they’re ill-prepared to deal with the downsides, but who are more than eager to participate in the positive up-side of real estate investing, turn to property managers to handle the day-to-day operations of managing their investment properties.

Unfortunately, rather than solving their problems, many rental property owners find themselves turning in one set of headaches for a whole new set of headaches when they turn their property over to the wrong property manager.  Unfortunately, many property management companies live and work in the land of mediocrity and are quite unresponsive to both owner and tenant concerns, which inevitably leads to higher turnover, unnecessary damage to property, higher expenses to the owner, and an outright unsatisfying experience for all.  And as much as I hate to say it, some property managers are outright crooks!

Hey, don’t shoot the messenger (this goes out to my colleagues in the industry who might be reading this) -- I’m just calling it as I see it, based on countless stories over time from both owners and tenants . . .

So, what should you look for in a truly professional property management company like Real Property Management of Sarasota & Manatee?

·         Honesty and Integrity In Accounting: Did you know that most property management companies overcharge for maintenance by 15% - 30%?  With Real Property Management of Sarasota & Manatee, if we get a plumber bill for say, $100.00, we will charge you $100.00, not up to $130.00 as will MOST other companies.

·         We Are Responsive to Your Needs: If I had a dollar for every time an owner, or tenant has told me that they were lucky if they got a call-back from their former property manager within 3, or 4 days I’d be a rich man today!  With Real Property Management of Sarasota & Manatee, all incoming calls during business hours are responded to the same day.  All emergency calls are responded to 24/7/365.

·         We Will Not Nickel-and-Dime You: Many companies will pile on the fees once you sign with them – advertising fees, sign-up fees, trip-charges, 30% maintenance mark-ups, etc.  Our fees are clearly disclosed in our agreements and we will not beat you up with hidden, undisclosed fees.

Bottom line, “We manage your rental property better than if it were our own!”

Oh boy, I can hear what you’re thinking now, “He’s throwing a sales pitch at me – a catchy phrase that lacks any real meaning.”  Well, I promise you that’s not the case.  I promise you that it’s the principle we live by day-in and day-out as we manage rental properties throughout Sarasota & Manatee counties on a day-to-day basis.

Here’s what I mean . . .

If it’s my property I can let things slide – after all, it’s my property and I can do whatever I like.  However, if it’s your property I cannot let anything slide.  I have a sacred duty and obligation to make sure that things get done and they get done right!  Unfortunately, it’s something that many property management companies just don’t understand, and it shows up in the mediocrity that permeates their businesses.

Investing in rental properties can be a highly lucrative endeavor for you and your family, but it almost never happens without a proven plan, and professional property managers in place to execute that plan with integrity.  Real Property Management of Sarasota & Manatee is just such a company.

Real Property Management of Sarasota & Manatee is the local affiliate office of the greater company, Real Property Management. Real Property Management is the largest residential property manager in the world having 250+ offices in the U.S. and Canada, and over 60,000 units under management. Real Property Management of Sarasota & Manatee works with the owners of condominium units, single family homes, duplex/multiplex units, and apartment complexes in: Sarasota, Bradenton, Venice, Lakewood Ranch, Parrish, Ellenton, North Port, Englewood, Palmetto, FL. Call us at 941-225-8183

CONTACT US HERE for a FREE Rental Evaluation and Property Management Quote!