According to the Pew Research Center, most rental properties (70%) are owned by individuals. If you're a new property investor, congratulations! Unfortunately, rental property management can become stressful if you're operating alone.
Instead of working solo, consider relying on professional property management services. Not sure if you need a landlord rescue in Jacksonville, FL? Read on for the signs you need property management help today!
You Can't Find Jacksonville Tenants
The rental vacancy rate in the US is 6.6%, an increase from 5.8% in 2022 (via industry analysis company IBIS World). Failing to fill vacant properties can cost you thousands in revenue monthly. If you're struggling to find Jacksonville tenants, hire a landlord rescue team.
An experienced property manager can develop a marketing strategy that involves:
- Upgrading the property
- Hiring a real estate photographer
- Creating virtual and video tours
- Content marketing
- Paid advertising
- Social media marketing
- Email marketing
- Search engine optimization
- Listing optimization
These digital marketing strategies will help your Jacksonville properties gain more online visibility. You'll direct more people to your properties, opening your tenant pool.
Late Rent Payments
If your current renters don't pay rent on time, request property management help. Otherwise, they'll affect your profitability.
Look for property management services that include tenant screening. Your property manager can vet applicants by reviewing their:
- Credit scores
- Criminal background checks
- References
- Eviction histories
- Rental histories
- Employment verification
A thorough review of each applicant will ensure you choose trustworthy renters. You can avoid individuals who pay late or damage your property. Instead, you can choose renters worth retaining.
Your property manager can develop a tenant retention strategy. Their property management services can keep renters happy.
For example, your property manager can give renters access to an online portal. Renters will have the ease and convenience of paying rent or submitting maintenance requests online.
Keeping renters happy will help you generate more lease renewals. As more renters stay, your occupancy rate and ROI will rise.
No Time for Rental Property Management
If you're juggling rental property management and a full-time job, hire a landlord rescue company. Their services will help you operate more efficiently.
Choose a company that uses state-of-the-art technology and automation. Their landlord resources can save you time and reduce human error. You can review how your investment properties are performing in real-time.
Neglected Properties
If your rental properties have fallen apart, hire a property manager. They'll schedule regular inspections and preventative maintenance. Routine maintenance can protect your investments.
Maintaining your properties can help you attract future renters. It will also help you avoid more costly renovations due to neglect.
Request Landlord Rescue in Jacksonville, FL
Do any of these situations sound familiar? If yes, it's time to consider landlord rescue services in Jacksonville, FL. Working with a rental property management company will save you time and stress while boosting your ROI.
Our team at PMI River City uses state-of-the-art technology that allows owners to track their investments in real time. Trust our prompt and professional services to maximize your profitability. Contact us for a free rental analysis.
