Hiring a property management company may seem like an added, and maybe even unnecessary, expense. But, a property management company can actually increase the value of your investment, increasing your profit.
One of the ways in which this is achieved is by reducing repair costs. Property management companies oversee the maintenance and repair of your properties and usually have a network of skilled and cost-effective repairmen at their disposal. In addition, good property managers focus on prevention, reducing the instances of repeat repairs due to mistakes.
Property management companies can help owners set competitive rental rates and are also great at finding, attracting and screening the best tenants, which lowers your vacancy rate and increases the likelihood of longer stays and a lower eviction rate. Better tenants mean more rental payments. Property Management companies can also add value through their handling of the leasing process, move in and move out process and rental collection Property managers also understand landlord-tenant law and the Fair Housing Act, which greatly reduces the risk of costly lawsuits and helps to retain happy tenants.
Those are just some of the ways in which property management companies can help increase the value of your investments. Contact us to find out more!
Whether you own a few properties or hundreds of properties in Florida, Octazon Management, LLC is here to bring order and simplify property ownership and management. We can help you manage any and all of your properties. Call us 888-324-9528 or email us firstname.lastname@example.org today.