Landlord Rescue: It's Time to Hire A Property Manager
If you want to invest in property in Florida, there isn't a better place than Kissimmee. With its proximity to theme parks and other attractions, you will start making money quickly.
However, managing a rental property and taking on landlord duties can be difficult. Have you ever wondered if a property management company would be the right fit for you? Read on to learn more about how these types of companies can be the ultimate landlord rescue solution.
You Live Far Away
You don't have to live in Kissimmee, or even in Florida, to benefit from its lucrative real estate market. One of the biggest benefits of working with a property management company is that you are free to live and travel where you please.
The property management company will handle everything for you locally. For instance, they will be available to answer tenant questions and resolve issues, so you do not have to.
This can be especially helpful if you like to travel across time zones, or they need something urgently when you aren't around.
You Need a Hands-Off Approach
"Set it and forget it" is an attractive method for many landlords. If you have the money to pay a property management company, why put yourself through additional stress?
Barring serious problems, a property manager can do it all, from regular landlord duties to tenant screening. Meanwhile, you can sit back and reap the rewards of your rental property investment.
You Don't Want to Find Tenants
The tenant screening process can be difficult if you want to find model tenants. Why not let the experts from a property management company deal with all of the hassle?
These companies often have tenant screening software that they use to run applicants through. It can check for things like eviction records, credit dings, and criminal records. You can have peace of mind that your property will only have the best tenants living there.
You Own Multiple Investment Properties
If you think you want to add to your real estate investment portfolio, your landlord duties should not stop you from buying more properties. The more properties you own, the more you can increase your overall revenue.
You don't have to worry about getting your properties confused if you hand off the responsibility to a property management company. They will take care of everything and can even present you with financial reports, so you can see the health of all of your investments.
You are Horrible with Record Keeping & Accounting
If keeping track of rent payments, expenses, and maintenance costs feels overwhelming, a property management company can be a lifesaver. Do you know what a W-8ECI form it?Professional property managers do! They also use specialized software to track income and expenses, generate financial reports, and ensure on-time rent collection.
Additionally, they help with tax documentation, making it easier to file deductions and maintain compliance with local regulations. They have resources that can help you set up a ITIN. By outsourcing these responsibilities, landlords can avoid costly mistakes and ensure their investments remain profitable.
Property Management: A Landlord Rescue Solution
Whether you're new to owning a rental property or you want a different approach, you should not have to worry about the day-to-day processes. That is why a property management company is the perfect landlord rescue solution.
For over 13 years, Allegiant Management Group has been working with landlords in Kissimmee, Florida to provide a seamless property management experience.
Ready to alleviate some of the pain of property investing? Reach out to us today by filling out this form on our contact page, giving us a call, or even visiting in person.
Frequently Asked Questions About Hiring a Property Manager
What does a property management company do?
A property management company handles rental property operations, including tenant screening, rent collection, maintenance, and legal compliance. It acts as a landlord’s representative, ensuring properties remain occupied and profitable. Services may also include marketing, lease enforcement, and financial reporting.
How much does a property management company charge?
Property management companies typically charge 8%–12% of monthly rent for ongoing management. Leasing fees range from 50%–100% of one month’s rent. Additional costs may include maintenance fees, eviction handling, and lease renewal charges. Fees vary based on location, property type, and services provided.
Can a property manager help if I live out of state?
Yes, a property manager can oversee rental properties for out-of-state owners. They handle tenant screening, rent collection, maintenance, legal compliance, and emergencies. This ensures the property remains well-maintained and profitable without the owner’s direct involvement.
How do property managers find and screen tenants?
Property managers find tenants through online listings, social media, and local advertising. They screen applicants by verifying income, credit history, rental history, and conducting background checks. This ensures reliable tenants who pay on time and follow lease agreements.
What happens if my tenant stops paying rent?
If a tenant stops paying rent, property managers send payment reminders, issue legal notices, and negotiate payment plans. If unresolved, they initiate eviction proceedings per local laws. They may also use security deposits or legal action to recover unpaid rent.
Can I still be involved in decision-making?
Yes, property owners can stay involved in decision-making. Many property managers offer customizable agreements, allowing owners to approve major repairs, tenant selections, and lease terms. Communication preferences and involvement levels vary based on the owner’s needs and the management contract.
Do property managers handle maintenance and repairs?
Yes, property managers handle maintenance and repairs by coordinating with contractors, scheduling routine upkeep, and addressing emergency issues. They ensure properties remain in good condition, comply with safety regulations, and minimize costly repairs through preventive maintenance.
Is hiring a property management company worth it?
Hiring a property management company is worth it for landlords who want passive income, tenant screening, rent collection, and maintenance handled professionally. It reduces stress, ensures legal compliance, and maximizes occupancy rates. Costs may outweigh benefits for hands-on owners with fewer properties.
How do I get started with a property manager?
Start by researching local property managers, comparing services, and reading reviews. Request consultations to discuss fees, responsibilities, and contracts. Verify licenses, experience, and tenant management processes. Once selected, sign an agreement outlining duties, communication, and financial terms.
Blog Updated: 02/25/2025
