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+1 321 746 1946


Clermont - Davenport -DR Phillips -  Kissimmee - Lake Nona - Orlando - Windermere - Winter Garden - ST Cloud -  & Lots  More Areas
FL Villa Management llc
Property Managers for Orlando & Central Florida
A:
The main advantage to having a professional Property Management Company manage your rentals is MONEY! 
The first question you must ask yourself is how much your time is worth. 
Unless you are very lucky, you spend many hours a month dealing with you renters, or their requests. You are on call 24 hours a day.
With a Property Management Company, you can enjoy your time and let them handle the All the headaches.
Every company has a different fee, so you will want to shop around.  Be sure to find out about all the fees. 
Some charge only a flat rate, and do everything; while other charge a smaller management fee, but charge for making deposits, serving notices, doing inspections, etc. 
Remember, your management fee is tax deductible your time is not.
Q:As a owner landlord, I have been thinking about having a professional Property Management Company take over my rentals; what are the advantages to this?

Q:
Does buying a property that needs a lot of work to be done before I can rent pay off? (Part two)
A:
Consult a contractor to find out how much it will cost to complete the renovations.Figure out what types of improvements you can do yourself,such as installing a new light fixture, painting, and simple landscaping.
To make the most profit off your investment, you will want to get a home that only really needs cosmetic changes. 
Avoid homes that need major structural work.Look and see what types of minor changes you can make that cost less than what they add in market value.The most profitable improvement is paint. A few hundred dollars spent on fresh exterior and interior paint can add much more, even thousands of dollars, to a home's value. Other minor improvements that will give the house a new fresh look and feel while adding to your profit, are new floor tiles, light fixtures, counter tops and doors.
 

Something To Consider When Renting To A Tenant With A Pet
Consider when a renting to a tenant that has a pet, particularly a dog, is the liability. What is the owner's liability if the tenant's dog
bites someone while on the owner's property? One way to help protect yourself is to require the tenant to obtain and carry Renter's
Insurance. The liability-clause in the renter's insurance policy will cover the tenant's dog. Remember, most insurance companies
have a list of dogs they will not allow on the property. Check with your insurance company to insure that you do not violate their 
policy, which could result in your Homeowners policy being canceled. 

Something to think on.
There is a famous old story about a company that had a problem, and they called out a repairman to fix it.
The entire company was on the verge of shutting down production because no one at the company had been able to identify this
problem,let alone fix it. The repairman soon arrived, checked out the situation, went over to one of the many miles of pipes running
through the building, and started banging on one particular pipe. He banged for about a minute. He then ordered the crew chief to
restart the machinery. Production was restored and everyone was happy. 
A few days later, the company received the bill for the repair.The company manager was shocked to see that the amount due for
the repair was $10,000. The manager called the repairman and shouted in the phone, "This repair bill is for ten thousand dollars!
Where do you get off charging me $10,000 for what amounted to banging on a pipe for all of about 1 minute?!"
The repairman calmly replied "OH, I only charged you $50 for banging on the pipe. The other $9950 was for knowing precisely
what pipe to bang on."
A: 
Do you know all of the landlord/tenant laws for your city, state, and federal government?
Do you know rent values, vacancy factors, and time on the market in your area?
Do you have a rental application and consistent screening policies that meet all of your legal obligations?
Do you take the time to perform thorough move-in/move-out written inspections and routine property inspections?
Do you personally know reputable repairmen who are licensed, insured, affordable, and reliable?
Do you effectively confront and negotiate with the tenant and enforce the terms of your rental agreement?


Landlord FAQ
Q: Why use professional property managers?
And so the moral of this story is...experience is everything Hire a professional!