Tarpon Springs Property Management Myths that Landlord Should Know

At Property Services of Tarpon Springs Inc., we have been serving the local real estate community for more than 15 years. At that time, we have heard from many landlords a lot of things about why they are worried about handing over the real estate management of their investments to a professional property manager. Today, we’re talking about a few of the myths to Property Management Tarpon Springs and why they don’t make any sense.

Property management services cost too much

One of the most common concerns for landlords is the cost of professional management. Yes, you will pay a management fee every month. However, you actually have a better chance of earning more money when you work with professional management companies in Tarpon Springs. When you work with a good manager you will more than earn back the management fee you pay with:

• Lower vacancy rates and fewer turnover costs

• Higher quality tenants

• Rental prices that match the market

• Legal and regulatory protection

Only an owner can really care about a property

A lot of landlords believe that no one- including a property manager- can take care of a home as the owner can. If you’re looking to rent a home that you once lived in yourself or have an emotional attachment to the property, it can be difficult to detach from it. However, once you start leasing the home to tenants, landlords need to look at it as a business, not as your home.

A good property manager from a leading company will treat your property as if it was their own. It will get all the protection, repair, care and attention that it needs.

Pets shouldn’t be allowed

NJS Realty- A top among all other Property Management Companies in Tarpon Springs understand the concerns that landlords have about pets. Animals that are not well-cared could potentially damage a property yard and create a lot of liability for a homeowner. However, by not allowing tenants to have pets, you’re putting yourself at risk for a couple of things.

 

First, there’s the vacancy time, most tenants have pets in the U.S. So if you’re waiting for a well-qualified tenant who doesn’t have a pet, it will going to take a little longer to rent your home out. Second, there’s the chance that a tenant will sneak in a pet anyway. Then, you won’t know the pet is living at the property and you will have a harder time holding the tenant responsible for any damages.

Conclusion

These are just three common myths we hear about as a professional Rental Management Companies New Port Richey & Tarpon Springs.