Today we are talking about the importance of picking the right property manager for your rental property in Key West. There are a lot of real estate agents in this area who are trying to play property manager. It might seem like a good idea to use the real estate agent who sold you your home as your property manager. You are probably comfortable with that person, and it might seem easier. We recommend that instead of using a realtor to manage your property, you use a professional property manager with experience and credentials. A property manager has a lot more knowledge about local landlord laws. You don’t want to find yourself in trouble with the law or paying a large fine because your property manager didn’t advise you on how to manage your taxes or your property. Also, professional property managers are going to be very responsive to your tenants’ needs. This is important because you want to attract and keep good tenants. As property managers, we have a large network of vendors and contractors that ensure maintenance work gets done quickly, professionally and affordably. A real estate agent might not have those same connections, which means your tenants could wait longer for things to be repaired. That’s going to cause a lot of frustration. Tenant screening is one of the most important things a property manager does for you. Real estate agents probably do not have the same tools and resources in place when it comes to screening tenants. You want a property manager who can find you the best, most qualified tenant so you are certain your rent is going to get paid and the property is going to be taken care of. Never feel like you are obligated to go with your real estate agent when it comes to choosing a property manager. That is not the case. Do your homework and choose a company that has a good network of vendors and contractors for maintenance needs, is responsive to both property owners and tenants, and has a really thorough process in place for screening tenants. Being a property manager is about a lot more than just collecting rent. Don’t use a real estate agent who is trying to be a property manager. Use a professional. If you have any questions about property management services, please contact us at Key West Residential Property Management, and we’d be happy to help you.
