Did you know that more than 35 million people visited Florida from July to September 2023? This was a new record for the Sunshine State. Florida's popularity comes as no surprise given the climate and attractions.
The city of Dunedin is one of the hottest destinations in Florida. It is home to Honeymoon Island, which is the number one ranked state park in Florida. Even the Toronto Blue Jays set up shop for spring training baseball in Dunedin.
While tourism revenues are high in Dunedin, so is landlord stress. Read on for signs that landlord rescue is necessary.
Lack of Time
Do you feel like there is not enough time in the day to complete your landlord duties? Today's landlords carry so much responsibility.
They are responsible for finding good tenants and making sure they pay on time. Also, landlords handle rental property maintenance.
They are on the clock 24/7 in the event of a major housing crisis. If a pipe bursts in the middle of the night, landlords are obligated to promptly fix it.
Florida state law requires landlords to provide safe and habitable housing for their tenants. To do so, landlords need to be available at a moment's notice for repairs.
The workload quickly adds up. A property management company can handle all of your landlord duties so you can earn passive income without wasting time.
Low-Quality Tenants
Are you constantly bringing in low-quality tenants? These tenants frequently miss payments and cause property damage.
A property management company can help you with tenant screening. They will perform detailed background checks on potential tenants.
Tenant screenings cover everything from criminal history to credit scores. The screening ensures that your new tenant has a reliable source of income and a long history of making on-time payments.
Excessive Property Repairs
Another red flag is that your property is seeing a high number of costly repairs. Landlords have a legal obligation to provide a safe and habitable dwelling. If the air conditioner breaks, it is on the landlord to quick inspect and repair it.
A good property management company gets ahead of failures before they occur. They utilize their maintenance budget to keep up with big-ticket items like the roof and appliances.
Preventative maintenance can prevent failures and extend the service life of expensive systems like the HVAC unit. The best property managers have a detailed maintenance calendar. They know the schedule interval for an item's tune-up.
Your Guide to Landlord Rescues
You now understand some common issues that require professional intervention. Being a landlord is tough work and takes a lot of time.
Few things improve your quality of life more than bringing on a property manager. They will handle all tenant inquiries so that you can simply collect a check.
PMI Palms has been improving landlords' quality of life for more than twenty years. We take care of crises and issues so that you don't have to. If you are looking for a landlord rescue, contact us at PMI Palms to speak with an expert.
