Welcome to Spectrum Realty Services’ guide on how to excel as a landlord or rental property owner. Whether you’ve owned property for several years or recently decided to invest in rental property, these fundamental principles will help you elevate your property management game and achieve greater success renting out your property.
- Operate Your Property Like a Business: Managing rental properties is a serious business. Many of our property owner clients live out of state or have full-time jobs, which mean they cannot dedicate a significant amount of their time to managing their property day in and day out. That’s why choosing a professional property management company like Spectrum Realty Property Management is a great choice – managing your property is our business! We treat your real estate asset as if it’s our own. Our team leverages a mix of technology, meticulous organization, customer service, and real estate knowledge to provide our clients and their tenants with quality, caring property management services. Shifting your mindset from landlord to business owner – and partnering with a Jacksonville property management agency – may help pave the way for increased rental income. Looking for rental property management services in the Jacksonville area? Contact us today to learn more!
- Screen Your Tenants Thoroughly: One of the biggest pitfalls that landlords should avoid is selecting bad tenants. Poor tenant screening can result in late rent payments, property damage, and costly evictions. Just as a car dealership wouldn’t offer a loan to someone with no income and a poor credit score, property owners must ensure prospective tenants meet certain criteria. Applications for properties that we manage are processed by our dedicated applications team using a scoring matrix developed by Spectrum, using years of experience and best industry practices. We use this matrix to provide uniformity and consistency, which translates into a fair and equal application process for all potential tenants. During our tenant application process, we screen for credit score and history, criminal background, past rental verification, employment verification, rent-to-income qualification, and pets. Avoid the pitfalls of poor tenant screening by outsourcing your rental property management needs. Trust Spectrum Realty Property Management in Jacksonville to find reliable tenants for your rental property.
- Respect Your Tenants: While personal feelings may arise, it’s essential to maintain professionalism and treat all tenants with respect. Both the tenant and the landlord have rights and deserve fair treatment, regardless of personal preferences. Discover the difference professionalism makes in property management with Spectrum Realty Property Management.
- Maintain Firm Boundaries: Being fair doesn’t mean being overly lenient. Upholding rules and expectations demonstrates professionalism and protects your investment in the long run. Avoid the pitfalls of being too accommodating by partnering with Spectrum Realty Property Management. We always secure an attorney approved lease agreement and provide tenants with a detailed move-in/move-out process to help facilitate a smooth transition. We uphold firm boundaries while providing exceptional service to landlords and tenants alike. Let us manage your Jacksonville rental property with integrity, reliability and trust!
- Continuously Learn and Seek Guidance: Property management is a dynamic field that requires ongoing learning and adaptation. Don’t hesitate to seek advice, ask questions, and collaborate with fellow property owners and real estate investors. Embracing a culture of continuous improvement will sharpen your skills and enhance your success. Unlock the benefits of local experience and Jacksonville expertise with Spectrum Realty Property Management. Our knowledgeable team is always available to provide guidance and support to property owners throughout Northeast Florida.
By following these principles and partnering with Spectrum Realty Property Management, you can optimize your rental property and achieve your investment goals with confidence. Contact us today to experience the Spectrum Realty difference.