According to the Harvard Joint Center for Housing Studies, the number of rental households has surged by 800,000 since 2020. This has created unprecedented demand for affordable rental accommodation.
So, if you own an investment property and are considering renting it, now’s the time to do it. Long term rental units are climbing along with demand, and you’ll have your pick of tenants, too.
Step one is vetting Destin rental property management companies. These experts can help you cope with the demands of being a landlord, and ensure that you get the most out of your investment.
Here’s your guide to choosing the right property manager.
Seek Destin Rental Property Management Companies
A Destin residential rental property expert is your top choice to maximize the benefits of property management. These professionals understand your market demographics better than everyone.
They know the residential rental property laws and licensing requirements for your jurisdiction. They’re usually well-connected to vendors in your area, too. This gives you preferential access to maintenance crews when necessary.
In some cases, a local agency may also have agreements with these experts. This means you get the best prices when your property needs attention.
Make Sure They Have the Latest Technology
There’s a lot of paperwork and administration involved in effective property management.
The company you choose must have the technology and processes to manage these aspects.
Paperless electronic systems are the most accurate way to do this. State-of-the-art online payment portals offer convenience for both tenants and landlords.
Make sure you choose a company that’s up to speed with the latest property management technology.
Only Consider Licensed Property Managers
In most states, property managers require a management license or real estate broker’s license to offer their services.
A license proves that the Destin property manager has the necessary qualifications. They must pass a property management and state licensing exam to get their license.
These qualifications ensure they know how to deal with tenant evictions, rent collections, and vetting procedures.
Referrals and Reviews Count
Family, friends, and fellow property owners can help you with selecting someone to manage your property.
Ask people you know and trust if they can recommend anyone. They may refer you to someone in the real estate industry who knows of a reputable property management firm.
You can also look up online reviews or browse sites like the Better Business Bureau for reviews.
A Google search will likely reveal several Destin property managers in your area. Browse their websites for testimonials and check out their services page to see if they’re a good fit for you.
Choose a Full-Service Destin Property Management Company
The best property manager takes care of every aspect of managing your tenants and your property. You don’t need to worry about any of the hard work that goes into being a landlord.
Florida Long Term Rentals has twenty years of experience in property management. That makes us one of the longest-established rental property management companies on Florida’s Emerald Coast.
We have all the local know-how, technology, and qualifications to help you make the most of your investment property.
Get in touch to discuss all your property management needs.
