For property owners in South Florida, keeping your apartments, condos, and stand-alone homes occupied is vital to profitability. Vacancies are drains on your finances, as you have to maintain the property for a future tenant without the income to supplement those efforts. For owners of multiple properties, this financial strain may not be as impactful, but for those who are new to the rental industry, it can be the difference between success and failure. Trying to do it all on your own is a massive undertaking. Here are five perks of working with residential property management in West Palm Beach:
Property management services in West Palm Beach can help to increase the visibility of your rental properties. By handling the advertising side of the real estate business, property management companies know how to reach the right tenant candidates. Rather than just posting vacancy signs on your property and hoping to draw eyes, residential property management in West Palm Beach targets your local demographic on all the most popular rental sites.
Applicant Screenings and Property Showings
Vetting applicants to find responsible, financially capable tenants is time consuming, but necessary for running a profitable business. Don’t waste your time screening applicants and giving tours of your vacancies when you could be focusing on more important things. With residential property management in West Palm Beach, an expert team can assist you in choosing the best tenants for your space. At Seacrest Services, our team is dedicated to meeting your standards when screening potential tenants. We consider all factors, including rental history, ability to pay, and background checks. Our team ensures your property is kept clean and ready for showing at any time. With this dedication, you don’t have to worry about your vacancies sitting empty for long stretches of time.
Keeping track of your tenants’ deposits is important. These funds are intended to protect you against unexpected expenses due to their negligent damage to your property. Failing to secure this money in a separate bank account dedicated to this purpose can leave you in a difficult position, unable to make necessary repairs and find a new tenant. Seacrest Services takes the stress off of your shoulders by handling the financial components of new tenancy. We help you collect and track deposits from new tenants, as well as ensuring they receive any due funds upon moving out.
Perhaps the most unpleasant part of being a landlord is the messy process of evicting a tenant. Whether it is due to non-payment, misconduct, or destruction of property, terminating a tenant agreement can be difficult. Working with residential property management in West Palm Beach helps to ensure the process goes smoothly. These professionals ensure you are following the law, including proper documentation of grievances and notifications to the tenant.
Handling Tenant Concerns
Happy tenants are the key to maintaining your income as a landlord. Addressing concerns such as minor repair needs and maintenance requests in a timely manner is important to keeping tenants satisfied and attracting new tenants. Reputation and recommendation in the world of rental properties can make a massive difference. Knowing that their concerns will be heard and addressed in a timely manner gives your tenants the confidence to continue their tenancy. They are also more likely to recommend your property to friends and family members.
Let Seacrest Services show you the difference in working with residential property management in West Palm Beach. Contact us today for more information about what we can do for you.