According to IBIS World, the US rental vacancy rate increased from 5.8% in 2022 to 6.4% in 2024. How many of your Boca Raton, FL rental properties are empty? The longer they remain vacant, the more money you'll lose.
Before that happens, request full service property management. An experienced team can ensure your success in today's market.
Not sure if choosing property management services is right for you? Read on to discover the top full service property management pros before deciding!
Find and Retain Renters
Property management benefits landlords who struggle to find great renters. Your property manager can develop a comprehensive marketing strategy that includes:
- Social media marketing
- Content creation
- Search engine optimization
- Video marketing
- Paid advertising
Digital marketing will help your rentals gain more online visibility. You'll generate more applications and open your tenant pool.
Many landlords make the mistake of rushing to fill vacancies. Your property manager will also screen applicants to ensure you find reliable tenants.
Otherwise, you could choose renters who will damage your rental property or pay rent late. About 15% of US households (six million) are behind on payments.
A thorough tenant screening process considers:
- Criminal background checks
- Eviction histories
- Rental histories
- References
- Credit checks
Your property management company will find reliable renters worth retaining. Their services will improve your occupancy rate and with it, your earning potential.
Maintain Your Rental Property
Without routine maintenance, your beautiful investment property will start to crumble. One of the great advantages of property management is ongoing maintenance. Your property manager will schedule routine inspections to assess the property.
They'll hire experienced contractors at reliable rates to save you time and money. Maintaining your properties can help you avoid costly repairs in the future. It will also improve tenant satisfaction rates, leading to more renewals.
Reduce Expenses
The best property management company can set you up for financial success. For example, they'll help you complete a rental analysis. They'll ensure you set competitive rates that attract renters while maximizing your profitability.
Automate Operations
Choose a full service property management company that relies on state-of-the-art technology. Their resources will help you automate processes. For example, you can use an online tenant portal to automate rent collection.
Automation can reduce human error, saving you time and money. You can focus on more important tasks by automating routine processes.
Avoid Landlord Stress
Managing multiple rental properties can be time-consuming, stressful, and sometimes confusing. Instead, rely on an experienced property manager in Boca Raton. Relying on their expertise can help you avoid landlord stress or costly mistakes.
Request Full Service Property Management
You don't need to manage your Boca Raton rental properties alone. Instead, hire a full service property management company. Rely on an expert team's understanding of the rental market to gain a competitive advantage.
PMI Beach Properties is part of the fastest-growing property management franchise. Trust our state-of-the-art technology, 10 consecutive years in the Top 500, and professional guarantees.
We're committed to enhancing value through honesty, communication, and accuracy. Contact us today for a free rental analysis.
