The Orlando rental property market is one of the most competitive in the nation. This can spell trouble for transplants looking for a place to live, but it can also make life difficult for Orlando landlords.
Whether you're expanding your portfolio to include single-family homes or multi-family properties, you have a choice to make.
Should you take on property maintenance yourself or outsource it to an experienced property management company?
Read on to learn more about the benefits of outsourcing your property maintenance.
Preventative Maintenance
Outsourcing rental property maintenance is a cost-effective way to keep your properties in good shape. This is in large part because of the focus on preventative maintenance.
A designated maintenance team will keep a close eye on the condition of your property. They'll address small problems as they arise to avoid the spiral of damage neglect can yield. After all, it costs a lot less to patch a few damaged shingles than replace an entire roof!
Quick Response Times
Many Orlando landlords have their own homes to take care of. Some may live in another city or state or have another job that occupies their time Monday through Friday. This can make it difficult to respond to maintenance requests and emergencies in a timely manner.
By outsourcing your rental property maintenance, you can rest assured that all maintenance requests are answered promptly. This can keep tenants happy and protect your investment.
Smart Delegation
Some property owners outsource full-service property management. Others only want certain services, like tenant screening or marketing taken care of by a third party. Even if you want a hands-on role in your property management, outsourcing maintenance can make a huge difference.
In fact, delegating maintenance to an expert team can free up time to focus on other projects. Why get bogged down by leaking pipes and broken windows when you could spend your time expanding your portfolio and improving the experience of your tenants?
Reduced Tenant Turnover
Whether you're a new or seasoned property owner, you probably know that high tenant turnover is bad news. Believe it or not, tenant turnover comes with a big price tag.
Outsourcing maintenance often leads to improved maintenance. By keeping your properties in great condition, a property maintenance company can contribute to happy tenants. The happier your tenants are with their rental unit, the less likely they are to start looking elsewhere for a place to live.
Need Help With Rental Property Maintenance?
Are you on the fence about outsourcing rental property maintenance or continuing to handle it on your own? As you can see, there are a ton of benefits of hiring a property management company to take over your maintenance needs.
Whether you're just looking for a property handyman or full-service property management, we're here to help. Contact us to find out more about how we can help you grow as a landlord.