Sarasota Property Management Company Clients Prefer Buy-to-Rent & Hold | Real Property Management of Sarasota & Manatee
The typical buy-to-rent & hold investor commits up front to holding an investment property for at least five years. The intent is to successfully lease and manage the property over this period for immediate income, while maintaining the property's condition in anticipation of a future sale down the road.
Professional Property Management Is Essential to Cash-Flow
A professional property manager enhances cash-flow in two primary ways:
- By Minimizing Tenant Turnover -- a professionally maintained property leads to happier, longer term tenants. Happy tenants are more prone to pay rent on time and to take better care of the property themselves. This is a win-win for tenant and property investor alike.
- By Maximizing Rental Rates -- a professional property manager is in tune with the market in ways that the casual investor can never be. Just as important as knowing how much to charge, is knowing how much rent NOT to charge. An overpriced rental leads to more time on market and lost rental income for the property investor.
Professional Property Management Is Essential to Maximizing Capital Gains
A professionally maintained and managed income property will retain/increase it's value relative to the general real estate market. Besides routine maintenance and repairs, a professional property management company is in tune with changing trends and can advise on which updates can add to resale value, increase rental value, and decrease time on market by appealing to tenant aesthetics.
Given the improving economy, there is renewed investor interest in professionally managed single-family, condominium, and multi-family residential investment properties. This trend is strong in the greater Sarasota, Bradenton, Venice, FL area, with many investors seeing good returns on their capital.
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!