Do you own an investment property in Boca Raton, FL? It's a city with sustainable growth and has seen an overall population increase of 1.56% since 2020.
While this is great news for landlords, you might find that finding tenants is a major hassle. You can handle the other responsibilities of being a landlord, but you still can't get someone to move in!
You should think about hiring a leasing only service for your property. This is a service that'll find a tenant for you.
Here's why you should consider it:
It Saves Time
You might find a tenant you like, but how well do you know them? You might get a good first impression of them, but they can cause a headache for you down the road.
A leasing-only service will screen applicants on your behalf. They'll make sure that the tenant is responsible before selecting them.
They'll choose a tenant who has proven financial stability. They'll check references with previous landlords to assess if the tenant kept their property in good condition.
More of a Guarantee
While there's no promise that you'll find a tenant, a leasing-only service has a higher chance that you'll close on a deal. On your own, you can spend months assessing different candidates and not find a single great choice.
A leasing-only service will have a high closing rate. They'll only reach out to tenants who are serious about moving into a property as quickly as possible. They won't speak to applicants who aren't sure if they're ready to move.
You Might Earn More Money
You might conduct a rental analysis and find that you can charge high rental fees for your property. However, if you're unable to reach a wide tenant pool, you might end up lowering your fees and lowering your profits.
This is another advantage of hiring a leasing-only service. As mentioned earlier, they'll focus on screening applicants who have financial stability. They'll also choose tenants who can afford your proposed rental fee without any issues.
As a result, if you wish to charge higher prices, you'll find tenants who'll pay that price. You won't have to compromise on how much you wish to earn when you hire a leasing-only service.
It's a Quick Process
After you've hired a leasing-only service, they'll try to match the tenant as quickly as possible. Once you've found the tenant, then you won't have to worry about anything further.
Your relationship with the leasing-only service ends. If you need more services, you can request full-service property management.
Hire a Leasing Only Service
Now you understand the top benefits of a leasing only service and why it's a viable option for your property.
This is one of the best and fastest ways to find the ideal tenants. It'll also increase your chances of finding high-paying tenants.
PMI Beach Properties can help you find your tenants and offers additional services if you wish. Our owner, Gabriela Beltran, has over a decade of experience working in the industry.
Contact us to learn more about our services.
