Many people who decide to become landlords do so because they see it as a great way to earn income without having to work. After all, who wouldn’t want to sit back and relax while still collecting a paycheck every month?
But there’s a lot more that goes into residential property management than meets the eye.
The Problem With DIY Property Management
Contrary to popular belief, residential property management is far from “passive income.”
First, you have to find a tenant. This involves placing dozens of ads and sifting through all the candidates, then getting a thorough background check on all prospective residents.
Once your tenant has moved in, you’ll have to collect rent every month. This might involve driving around to your properties on the same day every month or even dealing with late payments. Then, you’ll have to deposit the checks and make detailed bookkeeping notes to make sure your taxes stay on the up-and-up.
You’ll also need to periodically inspect your properties inside and out to make sure your tenants are keeping them in good condition. If the inspection is prior to a move-in or after a move-out, you need to take note of the home’s condition and resolve any disputes about the security deposit.
At any point during this process, you might also be dealing with irate tenants that you have to evict, costly and extensive renovations, or any of the myriad ways your perfectly formed plan can fall apart.
Take the work out of owning a rental property.
If you work 9-5, you likely don’t have the extra time (or energy) left to worry about collecting rent or screening tenants. Maybe you’re newly retired and too excited to enjoy your newfound freedom to bother with posting ads or doing household maintenance.
Above all, you want to spend your free time doing things you enjoy, not managing a property.
Here’s what a property manager like American Home Team Realty LLC can do for you:
- List your property
- Perform a 4-point background check on all applicants (Employment, rental history, character witnesses, criminal & credit checks)
- Rent collection and bookkeeping
- Maintenance and inspection
- Maximizing your income
Taking the leap into the world of real estate investment is a huge first step. And without the right resources, connections, and experience, the process is more overwhelming than most people realize.
Working with a property management company like American Home Team Realty allows you the freedom of “hands-off” residential property management with all the benefits of owning an investment property.
Residential Property Management That Works
Our years of experience have taught us that waiting for the right tenant is better than filling your home quickly. Our screening process allows us to find tenants that will take care of your property and pay their rent on time.
But keeping those perfect tenants is just as important as finding them. American Home Team Realty LLC pays attention to your tenants’ needs during their tenancy and we keep the property in excellent condition. In our experience, these details lead to happier tenants, happier property owners, and ultimately, more lease renewals.
Whether you own one property or hundreds, American Home Team Realty LLC is excited to be your Central Florida residential property management company. From locating tenants to supervising maintenance and repairs, our full-service property management process ensures that you can relax while still earning an income on your investment.
With American Home Team Realty LLC, you can truly kick back and relax while we do the work…and still watch your income roll in. Our licensed property managers have the experience, training, and education to handle your home as if it were their own. Call 407-359-9500 today to take the first step toward stress-free property ownership.