It’s Renewal Time – Are You Happy with Your Current Jacksonville Property Manager?
Web Admin - Tuesday, November 14, 2017
We just got back from the Home and Patio Show in downtown Jacksonville, and we met a lot of people who were unhappy for one reason or another with their current property manager. A couple of things came up repeatedly.
How to Rent Your House: Expert Property Management
One of the things we often heard was that people were happy with their property manager, but then that manager retired or moved away or quit, and they were assigned to someone else who just didn’t deliver the same level of service. Sometimes these people are not full-time property managers; it’s someone who does management on the side while they buy and sell homes. That seems to be a problem industry-wide, and it’s something to look for when you’re hiring a property manager.
Changing Property Management Companies
When you’re choosing someone to manage your asset, you really want to hire someone who is dedicated and able to focus on the work full time. If you get a new property manager, that’s your opportunity to re-interview. Just because you’ve been assigned a property manager doesn’t mean you need to stay with that manager. Talk to them and see if you can work with someone else in the company. Or, shop around and talk to other companies. A lot of times, brokerages will bring on new staff because it brings down their costs, and they make more money on the property. Ask how long your property manager has been working in the business, if they do the work full or part time, and if they do sales as well as management.
What Can I Rent My House For?
The second topic that regularly came up was people felt like their property was being underpriced for the market, and they aren’t getting the rent they should. If that sounds like you, ask your property manager to do a market analysis when leases are renewing. If the market goes down, it doesn’t mean you need to lower your rent. That gets neglected a lot. If a home is under contract for five or six years, property managers tend to not raise the rent. They want to keep the tenant happy, and they get complacent. Tenants are not going to move for $25 more rent, especially if they’ve been there for a few years.
Make sure you have a full-time manager, and check in once in a while. Make sure your pricing matches what the market can bear.
We have full-time property managers who are experts and ready to help you achieve better results with your rental property. If you have any questions about Jacksonville property management, please contact us at Round Table Property Management.
We are an equal housing opportunity provider. We do not discriminate on the basis of race, color, sex,
age, national origin, religion, disability, or familial status (having children under age 18).
*MPM - Master Property Manager designees as of January 2017 Requires the management of over 500 properties and the completion
of 8 property management specific courses. As well as 250 hours in additional service to the property management and real
estate industry .
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