Property management companies are an excellent resource for property owners when it comes to leasing property, managing property, and even selling property. However, not all property management companies are created equal; some do better than others in certain areas. To find the best property management company in Manatee County, FL, for your needs, you need to know what you’re looking for. We will discuss how property owners can decide which company is right for them based on their specific needs.
What is a property management company, and what do they do?
Property management companies are property owners that lease out their properties to other people or manage other investors’ properties for them. They manage the property for a fee, typically taken as a percentage of the collected monthly rent. The property manager earns their money by leasing out your property and managing all the logistics, so you don’t have to deal with any issues or problems.
Property managers may provide some or all of the following services:
- screening potential tenants before they sign leases on properties
- performing routine inspections throughout the year
- handling maintenance requests from tenants when needed (and will usually coordinate with contractors)
- collecting rent each month
- paying utilities
- creating accounting records
All-inclusive property management companies take care of everything so you can focus on other responsibilities in your life. No more headaches from wondering how you will juggle it all!
Why You Should Use a Property Management Company
All property owners should consider using property management companies. Here are some of the benefits they can offer you:
- The company will help you lease property for maximum rental income.
- They will collect rent on time and deposit the money into your account each month.
- They can help hire contractors to fix problems with tenant-occupied properties so that tenants don’t call you about issues.
- A property management company can handle routine maintenance such as checking outlets, smoke detectors, appliances/HVAC units, looking for vandalism or other damage inside & out, etc.
- They can screen potential tenants before signing leases. This is important to ensure you get good tenants in your buildings.
- They will keep the property owner informed about issues with the property.
- They can keep records organized, so you have easy access to them in case of an emergency and during tax season.
If these sound like services you would enjoy handing off to someone else, you may want to explore property management companies as an option.
Tips On Selecting the Right Property Management Company For Your Needs
While property management companies are an excellent resource for property owners, not all management companies are created equal or operate the way you need them. Here are some tips to help you find the best property management company in Manatee County, FL that’s right for your needs:
Tip #1: Look at their company website. What services do they offer? Are these services that you would be interested in? What property types do they manage? Are these the property types that you own? If not, are there any other property management companies in Manatee County, FL who handle those property type(s)?
Tip #2: Look at their business history. How long have they been in business? Property managers with a long track record may be better able to provide references from past clients. Ask if their current owners were previous clients and what issues arose during property ownership where the property manager had to step up & handle problems effectively.
Tip #3: Ask questions about how their services work. Do they take a percentage of total rent collected, or is it on a flat rate basis each month regardless of whether you collect $100/month or $1,000/month in rent per unit? Flat fee property management companies may be better for property owners who only want the property manager to handle certain tasks like leasing their property, but not other services.
Tip #4: Find out what benefits are included in their fees. Will they make repairs or hire contractors under any circumstances? If so, are there limits as to how much & which types of repairs/improvements will be covered by hiring a contractor versus doing it yourself, or would all expenses related to the property fall upon you, including costs associated with tenant turnover such as cleaning carpets/painting walls, etc.?
Tip #6: Stick to your budget & property type. When deciding on a property management company, stay within your budget and find someone who has experience working with the kinds of properties you won.
A Management Company You Should Check Out
Suncoast Leasing & Management is a property management company that can help you manage your properties effectively and efficiently. We provide top tier service that leaves you free from the headache of managing your own property.
Our expert team will give you peace of mind knowing your property is being managed correctly and recordkeeping is done right. No more hassle over screening clients or collecting rent; we can do it all for you. Reach out today online or by phone at (941) 993-2020 if you own property in the Manatee County area. Suncoast Leasing & Management is here to help you today!
It’s not always easy to find the right property manager, but it is worth it to do your research and find a good fit. There are a lot of things that need managing for your property to be successful.
If you’re ready to work with the best property management company in Manatee County, let Suncoast Leasing & Management take care of all those little details so you can focus on what matters most- running your business! We’re here to help you manage and run your properties. Contact Suncoast Leasing & Management today for a consultation about how we can make owning rental properties easier than ever before.