Investing in rental properties can be one of the most rewarding and exciting experiences if done right. Owning a rental property comes with big responsibilities and there are many aspects to the management and rental process for your home.
Owning a rental property comes with a big decision: should you self manage your rental property or hire a property manager? Although it is possible to do it on your own, a property management company will provide you with extensive knowledge, guidance, and tools to help your property shine that you may not have access to with self-managing.
One might argue that hiring a property manager is more expensive than self-managing. However, a property manager has vast experience in all of the aspects of the process. With a property manager’s expertise, your home will flourish and your investment in a rental property will be a profitable one, making the expense of a property manager worth it.
The decision of whether to manage a rental property on your own or hire a property manager depends on several factors, including your experience, availability, and the number of properties you own.
If you have experience managing rental properties and are comfortable with the responsibilities involved, such as screening tenants, collecting rent, handling maintenance requests, and addressing tenant issues, then managing a property on your own may be an option. This can save you money on management fees and give you control over the management of your property.
However, the help of a reliable and experienced property management company may alleviate your stress and ensure that this experience can be enjoyable, profitable, and worthwhile. If you have little experience managing rental properties or do not have the time or availability to handle the day-to-day responsibilities of managing a property, then hiring a property manager may be a better option. Hiring a property manager will help you maximize your rental income in all ways from advertising your property to handling tenant disputes.
Benefits of Hiring a Property Manager
Property management requires a certain level of expertise. Property managers have experience and knowledge in all aspects of property management, including legal issues, maintenance, and tenant screening. This can help you avoid costly mistakes and legal problems. If you don’t have experience in property management, you may struggle to handle difficult situations such as evictions, tenant disputes, or emergency maintenance repairs.
Property managers have access to tenant screening tools that can help them find the best tenants for your property. This can result in fewer vacancies, reliable tenants, and less damage to your property. If you manage a property on your own, you may not have access to these tools and will have to find tenants on your own.
Hiring a property manager allows you to free up your time to focus on other things, such as your career or family. Your property manager will handle all aspects of your rental property, from advertising to maintenance. Without a property manager, renting out and managing your property could consume more time than expected and prohibit you from focusing on other aspects of your life.
Services Provided By The Listing Real Estate Management
Marketing and Leasing
- Industry-leading rental property marketing for all managed homes. On average, our homes lease in under 30 Days.
- Maximum exposure – listing your rental property on 250+ rental websites.
- Professional photos, video tours & drone photography.
- Thorough tenant screening processes ensure responsible and quality tenants, leading to long-term rental success.
- Tenant screening includes Credit history, Debt to income ratio, Nationwide eviction search, Background check, Income & employment verification, and previous two years rental verification.
- It’s not about the fast tenant; it’s about the Right Tenant.
- We make rent collection efficient and straightforward for our rental property owners and tenants.
- Tenants can pay rent through their resident center portal 24/7, 365 electronically.
- We get you paid faster – utilizing direct deposits, and the owner draws go directly into your bank account.
Maintenance and Repairs
- We protect your rental property investment by providing fast and quality maintenance.
- Around the clock emergency maintenance line. Rest assured your rental property is protected 24/7.
- Licensed, bonded, and insured local vendors and contractors with no upcharge or additional maintenance fees.
Rental Property Accounting
- At The Listing Tampa, our professional property managers track your rental property’s monthly financials.
- Every month our property management clients receive in depth rental owner statements prepared by a professional bookkeeper.
- In detail, rental owner statements show rental property income, expenses, liability, and equity.
Rental Management Guarantees
We offer all property management clients our 12 Month Tenant Guarantee. If any tenant screened, approved and managed by The Listing vacates prior to the end of their 1-year lease agreement we’ll find a new tenant FREE of charge. We are so confident in our property management services that we guarantee your satisfaction. If you are not happy with our service for whatever reason, we won’t hold you hostage. You may cancel our property management service anytime with a 30-day written notice.
Ultimately, the decision to manage a rental property on your own or hire a property manager will depend on your individual circumstances and preferences. It may be helpful to weigh the pros and cons of each option and consider factors such as your budget, availability, and comfort level with property management responsibilities.
Tampa Property Management Summary
If you are ready for your property to shine and hire a property manager, The Listing Real Estate Management offers the best property management services in Tampa. Our team works hard to offer the best service through a personal, proactive, and dynamic approach to property management.
Contact us at The Listing Real Estate Management, your trusted Tampa property management company, to take the next step in maximizing your profits and turning your rental property into a unique and life-changing investment!