The first month of 2022 saw investors account for 22% of all property sales in the US. And it's not just people looking for fix and flip properties. Many buyers want turnkey investment properties that are ready to rent out from the moment they take ownership.
Do you own turnkey investment properties in Florida or are you thinking about buying one? In that case, turnkey property management is essential. But what should you know about this service? And do you really need it to make a success of managing turnkey properties?
Let's take a closer look at why turnkey property management is essential.
What Is Turnkey Property Management?
Turnkey property management will find you great tenants and take care of your property.
The first part of the process is marketing and tenant screening. They are seasoned professionals, who know the right platforms to use to find the right kind of tenants in the local area. Once they generate interest in the property, tenant screening begins.
This process helps to identify the most suitable tenants. They'll follow fair housing laws and determine whether tenants can afford to rent your property. They'll also look at their credit score, criminal background, and eviction history.
The purpose is to find tenants who will pay on time and take care of the property. Working with one of the best turnkey real estate companies in the area will allow you to find the best tenants.
Why You Need Turnkey Property Management
Most people invest in turnkey investment properties because they're the simplest investment. You buy the property knowing that everything is in good order. You expect that there will be no major renovations needed in the near future.
Managing turnkey properties should be easy. All you need to do is find tenants, collect rent, and answer the occasional question while you get on with your regular job. But it's rarely that simple.
Turnkey property management is there to handle all the little issues that come up. They'll chase up your tenants if rent is paid late. They'll inspect the apartment to check if it's still in great shape.
They'll also arrange regular maintenance to ensure that your property stays in turnkey condition. And if the worst happens, they'll handle the eviction process on your behalf.
All you'll have to do is sign off on and fund needed maintenance and watch those rent payments come into your bank account.
Choose Home River Fort Lauderdale for Turnkey Property Management
Every property investor needs to find the right tenants and keep their property in great shape. If you've got your eye on turnkey rental properties for sale, this is the way to make them a profitable sideline. If you skimp on turnkey property management, it could soon become a full-time job.
At Home River Fort Lauderdale, we let you benefit from our years of experience in the Florida real estate market. Our tenant screening processes find you the right tenants. Our maintenance teams keep your property in great condition.
Click here to learn more about our property management service and get your free rental analysis today!