Investing in real estate is a great way to build wealth; however, owning rental properties doesn’t generate passive income right off the bat. Finding good tenants and establishing a strong property management strategy are essential steps for building and scaling a successful real estate investment strategy.
To generate the highest possible return, investors need great tenants who will pay their rent on time, maintain their properties, and stick around for multiple lease terms. Finding the right tenants and building good long-term relationships can be a lot of work. Luckily, a good property management company can help.
Bee Realty Corp is the DeLand area’s number-one real estate broker and our property management is top tier. Here are five ways we help our clients find the best tenants:
1. Quickly Filling Vacancies
Vacant properties mean less revenue, so limiting the time between tenants is one of our top objectives. We have the time, resources, and skills to market your listing to a wide audience of potential renters. Because our brand is well-known in the area, many renters come to us to help them find a rental unit. We can also generate interest through traditional and digital channels. By generating a large pool of interested applicants, we have greater flexibility when it comes to choosing the right tenants.
2. Setting The Right Rates
Pricing is so important. The rental market fluctuates constantly, so relying on an industry expert for guidance is essential. At Bee Realty Corp, we can analyze rates across your market to determine optimal pricing for your units. This will help you attract qualified tenants faster while also ensuring you aren’t leaving money on the table.
3. Screening Tenants Against Basic Requirements
A property management company can create clear, concise property listings with clearly defined rules and requirements. This is the first step toward filtering out tenants who aren’t the right fit. When meeting potential candidates, we can also do some preliminary screening. If we believe a tenant might violate a “no pets” or “no smoking” policy, or is likely to be destructive with your property, these are valid reasons to decline an application, and we can be quick to do so.
4. Managing Lease Agreements
Protecting yourself and your assets is a business-critical component of being a landlord. Iron-clad lease agreements are one of the best ways to make sure your tenants are clear on lease expectations and to prevent issues down the road. They also offer legal protection and recourse in the event of an issue. We can ensure contracts are tight and manage the end-to-end lease agreement lifecycle.
5. Staying Accessible To Your Tenants
Establishing a reputation as a good landlord can make it easier to attract good tenants in the future. Being a landlord is a big responsibility. It’s your job to provide and maintain a safe, functioning property for your tenants and to be available when issues arise. The more properties you own, the more difficult it is to fulfill your duties as a landlord. However, we can help build strong relationships with your tenants and ensure any maintenance issues are resolved promptly.
Choosing Bee Realty Corp For Your Property Management Needs
Trust, communication, and professionalism are the pillars of property management. When working with Bee Realty Corp, you can expect a true partner who goes above and beyond to find high-quality tenants, build good relationships, and keep you in the know. Here are a few things you can expect when working with Bee Realty Corp:
- Results – Tenants from all around Central Florida seek out Bee Realty Corp to help them find their next home. We know how important it is to keep properties filled with good tenants. When working with Bee Realty Corp, you can expect fewer vacancies, quicker turnarounds, and responsible tenants.
- Experience – Bee Realty Corp is Volusia County’s top real estate broker. We’ve been operating in the area for over a decade and we’ve built a strong reputation that greatly benefits our property owners.
- Simplicity – Our goal is to free up your time, so we do everything we can to make our property management process as easy as possible for you to navigate.
- Transparency – Transparency is a core value in our business model, so you can trust we’ll be with you every step of the way. You can expect quick responses and timely updates throughout the entire process.
Ready to get started? Call Bee Realty Corp today at 386-279-7522
