When you’re looking for a professional Orlando property management company, you want to choose property managers who understand your investment goals and meet the needs of your property or your portfolio. A full-service management company should handle everything from leasing to management to maintenance and accounting.
Professional Leasing and Tenant Placement
A full-service property management company will find and place a qualified tenant for your Orlando rental property. Before successfully leasing your property, a management company will:
- Preparing the property for the rental market
- Accurately pricing the property
- Taking high quality marketing photos
- Strategically advertising the home
You should expect that your property manager will handle showings, follow up with prospective tenants, and take care of the application process. The tenant screening process should comply with all state, federal, and local fair housing and anti-discrimination laws while still being rigorous and detailed.
After a tenant has been approved, your property managers take care of the security deposit and other move-in funds, go over the lease with your new tenants, and conduct the move-in inspection, and get the tenancy off to a good start.
Maintaining and Managing your Orlando Rental Home
With a good tenant in place, you can expect your property management company to take care of any day-to-day issues or logistics associated with your property. A full-service property manager will:
- Collect rent
- Enforce your lease agreement
- Answer tenant questions and handle disputes
- Respond to routine or emergency repairs issues
- Protect your investment and communicate well
A reliable management company will have access to an affordable and effective team of vendors and contractors who are licensed, insured, and willing to stand behind their work. Preventative maintenance should also be part of the services you receive. When a property manager is keeping a close eye on the functions of your home, you’ll have fewer surprises and less expensive repairs.
Rental Property Accounting and Bookkeeping
A full service property management company will use technology to improve communications and keep all their systems and processes efficient and effective. When it comes to accounting, you should expect detailed and transparent accounts and statements. Your property manager should always keep you informed on the income and expenses associated with your investment, and you should have all the forms and documentation you need at tax time.
Online portals are available through nearly every full-service property management company in Orlando. You should be able to log onto your owner portal and see your statements as well as inspect documents such as leases, invoices, and inspection reports. With the right technology, your property management company will be able to collect and pay rent electronically and provide an easy and secure way to communicate.
A good property management company will provide a full range of services and offer you peace of mind. If you have any questions about what to expect, contact us at Park Avenue Property Management.