It’s a great day at All County Property Management, and today we’re talking to Pranish Sharma, who is a seasoned, veteran property manager who services individual investors as well as institutional investors with hundreds of properties in their portfolios. He has a wealth of knowledge when it comes to Orlando property management, and today we’re asking him an important question. We’re talking about what to look for when you’re looking for a property manager.

What to Look for in a Property Management Company: Reputation

First, look at reputation. You can check Google reviews, the Better Business Bureau, and sites like Angie’s List. You want to see what the company’s clients are saying, because you’ll probably be saying the same things about them too. Just like with any product or service, or even a movie or a restaurant, you want to check reputation.

How to Hire a Property Management Company: Experience

Look at experience as well, and that means more than simply the number of years they have been in business. You want to know what they have done and what types of situations they have handled. You need a property manager who has managed floods and fires, who has been there and done that. You need someone who will know what to do in any circumstance. So, it’s not just the number of years in business that’s important. You want to know what they have dealt with.

What to Look for in a Property Management Company: Screening

Always ask about the screening process. You need to know how a property manager is screening for tenants. This is important, and you want to be sure the tenant background and income qualifications have been reviewed. You want to know who is coming into your property.

Property Management Costs

Cost is a factor, but we don’t have to look at that first. You want to get a good deal, but look for value. That’s more important. What kind of value is a property management firm giving your investment? What kind of tenants are they placing? A good tenant with low maintenance who pays rent on time will bring you a lot of value because it contributes to your ROI. Often, we do shop and compare sticker prices like leasing fees and management fees. But there are hidden costs, and you want to know how much a property manager can save you with their value propositions.

Thank you Pranish, for sharing this information with us. If you have any questions about finding a property manager or Orlando property management, please contact us at All County CFL Property Management.

 

Yarmmys Vargas is back to talk with us about how to put your house up for rent and what you can do to ensure it gets rented faster to a great tenant.

Things to Know About Renting Your House: Marketing

We always try to rent a property within 30 days. That’s our guarantee, because the longer it sits on the market, the more questions tenants will have about why. If there’s no activity, we check the marketing pictures to make sure it’s showing at its best. When we’re taking marketing photos, we love morning and afternoon sunlight. You want as much natural light as possible. We like to set up marketing pictures to flow, so you know what you’re looking at as if you’re entering the home. It gives tenants the opportunity to see how it would be to truly live in the space. Include photos of the living room, the kitchen, and the master bedroom closet.

Things to Know About Renting Your House: Showings

Availability is also important when you want to rent your property fast. Make sure the prospective tenants have ample opportunity to see the property. If it’s tenant-occupied, that can be difficult because you’re working around your tenant’s schedule. You want to be respectful of their time and privacy. When the property is vacant, you want to be sure the listing has updated information so prospective tenants can make an appointment to see it and get information about the lockbox.

Things to Know About Renting Your House: Pricing

Sometimes, the price is too high. We always do a market analysis, but owners get to dictate what they want to rent it for. They might want the extra $100 or $200 a month, and we’ll do that, but it might take longer to rent. After about two weeks, we’ll know how many people have called, viewed the property, and even how many clicks there were on the website. If there’s no action, we know it has to be because of the price. Our goal is to find a qualified tenant quickly, and sometimes a price reduction will help.

If you have any questions about how to rent your home, or anything pertaining to Orlando property management, please contact us at All County Property Management.