Blog

Hiring a Bonita Springs Property Manager, Florida can prove to be a smart decision for property investors. While being a landlord and earning rental income can be financially beneficial, it also involves a range of responsibilities and challenges that can be overwhelming. Tasks such as marketing the rental, finding the right tenant, pet screening, lease execution, rent collection, lease enforcement, lease renewal, property maintenance, evictions, court appearances, and staying updated with jurisdiction laws can be quite daunting, especially for those managing multiple properties.

By enlisting the services of a professional property manager in Bonita Springs, investors can transform these challenges into a passive income stream. Property managers can take care of tenant placement, lease execution, rent collection, and property maintenance, allowing investors to enjoy their free time and reduce stress.

Moreover, property management companies have a well-established network of partners that can be utilized to effectively manage investments. This can result in guaranteed tenant satisfaction and increased profits, as well-maintained properties can attract higher premiums from tenants. In summary, hiring a property manager in Bonita Springs is a valuable investment for property investors. If you require assistance, please reach out to Florida Suncoast Property Management, LLC!

To Learn More!

There are many property management companies in Venice Florida, so how to evaluate and choose the best company. We believe it is important to evaluate them thoroughly and consider the following as part of your evaluation:

Do they offer the services that you need?
You should carefully review the service the property management company offers. The best property management companies will handle all phases of Lease Management. They should list their service offerings online and you should be able to validate.

Do they have a local office and local area expertise?
It is important to choose a property management company that has a local office and experience within the area. You want a company that can attract the best local tenants, maximize your rental income and utilize the best local contractors for maintenance.

Do they have good reviews, references and well established business?
Make sure the property management company has over 10 years’ experience. You can ask for references and give them a call. It is important to look through their reviews and ensure there are more positive than negative. Please make sure negative reviews are not fake and the person has never worked with the company.

Do they provide honest answers to your questions?
We recommend meeting with the property manager face to face or on a zoom meeting. This will ensure all your questions can be answered and you can assess their professionalism, communication skills and reliability.

To Learn More!

If you are renting your Port Charlotte Florida Rental Investment Property out annually, our team will always recommend keeping your Port Charlotte FL rental property unfurnished for annual renters. Tenants generally want to put their own person touch on their rental and bring their own furniture. There is NO Florida law that requires a landlord to furnish a property before renting to tenants.

For a Port Charlotte FL Seasonal Rental or Vacation Rental, we do recommend furnishing the home. It is important to ensure you Seasonal or Vacation rental looks appealing to Snowbirds or people looking to take a vacation in your area. A well-furnished and decorated home will typically be on the market for a short time and rent very quickly. So, take the time to make your rental investment property look great.

At Florida Suncoast Property Management, LLC, we provide the property owner with a Seasonal Furnishing List for Seasonal Rentals and/or Vacation Rentals. It will let you know the specifics on what should be included in your Single-Family Home, Condo or Townhome investment rental property.

To Learn More and Get a Free Quote!

What makes sense for your Venice FL rental property?

Venice Florida is wonderful place to invest in a rental property.   It is a tourist friendly city where many people come to stay for long periods of time to get away from the winter months in their home state.   Seasonal rentals can work out great for option to market to the snowbirds.   Annual rentals are a wonderful option if you don’t plan on using your property and want to maximize the profitability of rental income. 

In this blog we will explore the pros and cons of Annual versus Seasonal Rentals!

Annual Rental:  Pros versus Cons

Annual Rentals are always in high demand typically tenants are looking to rent for 12 month or longer.   This provides a sense of security to the Landlord or Property Owner. 

The Pros of renting for 12 months are:

• On average tenants will rent a home and stay for on average for 2 years.
• Annual tenants add stability to knowing who is renting your home for a fixed time period.
• There is typically less risk and maintenance issues due to fewer people utilizing your home.
• As a property owner you have a steady source of rental income.

The Cons of renting for 12 month are:

• You don’t get the huge rental income checks that you receive in a Seasonal Rental or short term rental.
• You have to respect the 12 month lease and not try to move tenants out early.   This would and can be costly.

Seasonal Rental:  Pros versus Cons

Seasonal Rental does provide some great flexibility if you desire to use your home for part of the year or not sure what month’s you may desire to leverage your property for your own vacation.  Let’s explore the pros versus cons for a seasonal rental.

The Pros of renting for 12 months are:

• If you are planning on retiring soon, but not sure exactly when.  Renting for seasonal provides you with the flexibility to not be locked into an annual lease.
• If you are working remotely and want to utilize you Venice Florida home for part of the year.
• You can charge more for you rental property during the popular seasonal months to the snowbirds.
• You can hire a Venice Property Manager to save you time, money and help you avoid potential problems in renting your Seasonal Rental.  Property Management companies have the expertise to marketing your home, screen and place tenants, ensure compliance with federal, state and local laws and ensure all maintenance and repairs are done in a timely fashion.

The Cons of renting for 12 month are:

• It requires much more effort to manage with multiple vacation renters coming through your home.
• Your maintenance costs could go up due to more wear and tear on the home with multiple renters.  If you can’t commit to paying maintenance repairs, then Annual might be a better option for you.
• More marketing efforts to constantly acquire more renters.
• If you are hoping to rent beyond simply Seasonal Rental, you may have more vacancies during the warmer months.

Our expert team would be glad to help you make the right decision and we would be glad to help you manage either your Annual Rental or Season Rental property.  Contact us today at:   Florida Suncoast Property Management, LLC

There has been a large influx in homes purchased in Southwest Florida this year.   Many home owners and property investors are deciding whether to rent their property annually or seasonally.   The other challenge is after you buy a rental property investment do you manage it yourself or hire a professional Venice Property Management Company. 

The challenge is, do you have enough free time to prepare and market your home, understand and manage the leasing process, and learn the complex property rental laws for Florida.  If you are not working, then this may be a good option. 

However, if you have a full-time or part-time career and live in another state, managing a family, another home and a whole gamut of other responsibilities, then considering hiring a Venice Property Manager would be the right decision. 

Venice Property Management – Your time versus money!

Do you want to spend all your free time managing a property when it is vacant?  What is your time worth? 

With a rental investment it takes the following tasks to get your investment property rented: 

• Get your home ready to show for tenants.
• Market your home on all the top rental online companies.
• Respond to applicants.
• Screen perspective tenant’s by doing background checks and call previous landlords for references.
• Performing Pet Screening if you allow pets.
• Taking Pet Security deposit.
• Taking Rental Security deposits.
• Preparing and signing leases and ensuring they are compliant with Federal, State & Local Laws.
• Collecting rent.
• Managing penalties when rent is not received.
• Managing evictions process if tenants stop paying their rent.
• Managing property maintenance as things break within the home.
• Performing home inspections to ensure tenants are taking good care of your home.
• Between tenants you must ensure proper cleaning and maintenance is done.
• Collect and Pay Tourist Tax.

At Florida Suncoast Property Management, LLC we save you time and money by managing all of these task, ensuring we only place highly qualified tenants in your home, maximize your rental income, provide you with direct deposits, share online accounting information and do a wonderful job maintaining your rental investment property.  We have over 30 years combined skills in property management and personally investing in real estate experience. We understand that you need the very best professional property management team to care for your properties. Our team is dedicated, honest and takes great pride in providing property management services in Southwest Florida.

Would you like to learn more about our Professional Property Management Company services in Venice Florida?  You can contact us anytime at Florida Suncoast Property Management, LLC.  We would be glad to answer all your questions or concerns and help you understand the value of our services. 

We would love to earn your business!

1. There is a lack of communication by your Venice Property Management Company! Does your Venice property manager return your calls? If there is a major maintenance issue and does your property manager keep you well informed.
   Florida Suncoast Property Management team will always call you back and address any of your concerns or issues. Also, we believe in providing very clear Venice annual and seasonal rental maintenance policy. If there is a maintenance problem, the tenants contact our Property Manager directly and an appropriate vendor is sent to the property. Any repairs under $300 are approved by our Venice Property Manager, and repairs over $300, our Property Manager will call the owner for approval on the repair.

2. Your Venice Property Management Company does not provide you with any owner’s reports! A property owner should not have to be requesting a month to month bookkeeping of their investment property. The property management firm should be proactive with utilizing top of the line technology so you can get accurate and timely information.
   Florida Suncoast Property Management, we provide our Venice FL annual and season property owner’s accounting reports through Rentvine which is a top of line online application for managing property management services. Our property owners have access to:
   – Review information on each of your managed properties.
   – Review any documents that were shared by the Property Manager.
   – Review monthly published accounting reports.
   – Review tenant maintenance requests.

3. Your Venice Property Manager is placing consistently bad tenants and you are experiencing evictions! You are constantly hearing your Venice Property Manager is going to court for an eviction or having to force a tenant out for non-payment. Then you may need to look for a new Venice Property Management Company!
   Florida Suncoast Property Management uses the most thorough screening process to ensure your Venice FL annual or seasonal rental property is only rented to the best tenants. Placing a quality tenant is very important. Our goal is to find the right qualified tenants who pay rent on time, understand and follow the leasing terms, take care of your home and respect their neighbors. We take great pride in placing the RIGHT tenant in your Venice Florida home!

4. You starting to see more negative reviews for the Venice Property Management Company you utilize! Now every company will get negative reviews. This does not mean the company is bad. It simply means the customer had a bad experience. However, if you see a pattern, of comment similar to, “This company is extremely unprofessional!”, “This company does not show up for appointment.”, “I wish we could give zero stars since the property before moving in was dirty and the company is a rip-off.” These are just a few red flags which might catch your eye after being with a Venice FL property management company and realizing their service quality is declining.
   Florida Suncoast Property Management we take our client’s reviews very seriously. We want to continue to improve our Venice annual and seasonal property management business and if we receive a complaint. We are very proactively in dealing and resolving the concern right away. Occasionally, all companies will get fake negative reviews which you cannot do much about. However, we believe in listening to our clients and always improving our processes and technology to make things better for our Venice FL property owners!

5. You are being charged a markup fee for Venice Property Maintenance issues by your Venice Property Management Company. As a property owner, do you feel your margin of profit per property is shrinking? Many Property Management Companies will charge a markup fee for managing your property maintenance issues. This probably seems unfair since all you want to pay is the Vendor for performing the maintenance work!
   Florida Suncoast Property Management will never charge you a markup maintenance fee for general maintenance items to our Venice Florida property owners. We will simply provide you with the Vendors bill for payment. Our company does NOT believe in this business practice in marking up maintenance fees! The only time we would charge you a fee is if the property owner was having a major home improvement done and you requested us to be the Project Manager. As the Project Manager will schedule and facilitate the contractors and ensure the work is done correctly. We are glad to provide this service to our Venice property owners.

Boca Grande FL Gulf Coast Property Management – Will investing in rental properties continue to grow?

I believe reasonably priced long term rentals will continue to do well during these tough economic times in Boca Grande FL Gulf Coast.   Home owners may decide due to economic pressures to sell their home and go back to renting. If they no longer have to worry about taxes, home up keep, and other home maintenance expenses this may make renting a home potentially a good answer. This may in turn increase the demand for properties that require Boca Grande FL Gulf Coast Property Management assistance.

For vacation rentals, they will struggle some until the virus and case count drops.   Some people will be cautious about traveling and being in large crowds.   So, if you have vacation rentals, the secret is lowering your price some to beat out the competition.   Obviously, you want to try and optimize your rental potential and maximize your income potential.   If you need Boca Grande FL Gulf Coast Property Management help in marketing your property and assistance in managing your investment, Florida Suncoast Property Management, LLC would be glad to help!

 
5 Tips for Getting Your Boca Grande FL Gulf Coast Property Rented!

1. Ensure you property is well maintained!
   The marketability of your home is impacted by how well you investment rental home is maintained. Make sure all repairs are done when necessary to help maintain and/or improve the value of the property with little or no inconvenience to your tenants.
    

2. Market your property everywhere on the web!
With every investment property, you want to create your marketing plan to promote you Gulf Coast Florida property listing. It starts with doing a market analysis of your property to determine the fair market rental value. Once you set the rental amount, you must prepare your rental property advertisement and have professional pictures taken. You will want to list your rental property on the web and have is syndicated to numerous rental websites and social media platforms such as:

        Zillow
        Trulia
        Hotpads
        Homes
        Facebook and Much More
 

3. Understand how to place the right tenants!
The screening process is to ensure your Boca Grande FL Gulf Coast property is only rented to the best tenants. You want to ensure you have the right qualified tenants who pay rent on time, understand and follow the leasing terms, take care of your investment property and respect your neighbors.   If you are using a property management company, they should take great pride in placing the right tenant in your home!

 
4. Understanding the leasing process!
The lease execution, lease enforcement, lease renewal and potential eviction are all part of the leasing process.   Many home owners are not comfortable with managing leases due to not understanding all the laws impacting a tenant and owner rights.   Make sure your lease agreement is written in line with federal, state and local requirements to avoid any potential future problems with your tenant.
 

5. Avoid costly mistakes and legal fees!
Lack of knowledge of federal, state, and local laws and regulations can lead to legal fees and costly mistakes.

 
If this seems a bit overwhelming and you love your investment properties, but simply don’t want to manage these important tasks. Please feel free to contact Florida Suncoast Property Management, LLC. We would love to help!

You can see this post and others on Activerain at:  Boca Grande FL Gulf Coast Property Management – Will investing in rental properties continue to grow?

It may be a wonderful time to invest in rental properties! For employees that have a long history with a company and were recently unemployed. You have the most flexibility when it comes to investing. You have several options with your 401k:

• Leave your money in the current corporate 401k Plan.
• Take your 401k money out and rollover into your own Rollover IRA plan with another Financial institution.
• Take you money and rollover into a Self Directed IRA to purchase real estate.

So, what is a Self Directed IRA?

Read More