Tenant Placement Services in Miami: 3 Tips for Hiring Property Managers

Tenant Placement Services in Miami: 3 Tips for Hiring Property Managers

Miami has one of the highest home vacancy rates in the country.

If you're a landlord, you know that vacancies are your biggest enemy. They stand directly in the way of you breaking even, let alone making money on your investment property. To combat vacancies, you need to be proactive and consider tenant placement from a Miami property manager.

In today's post, we're going to give you 3 tips for hiring property managers. If you get a good property manager, there's a good chance you'll never have to worry about vacant units or having poor tenants that lead to vacant units.

Don't take chances on your Miami rental unit. Read on and you'll see how tenant screening and placement can keep money in your pocket.

1. Ask About Tenant Screening

The first thing you need to inquire about is how a property manager screens tenants. Tenant screening is the most important aspect of running a rental property because it helps you find the very best tenants.

When you have quality tenants who are responsible with money, work, and life, you're more likely to have them in your unit long-term. It's delinquent tenants who are most likely to come and go frequently. If you have a really bad tenant, you may even have to resort to eviction.

Get a sense of the tactics each property manager uses to screen applicants. It's also a good idea to ask about eviction protection so that you don't lose money if you have to get rid of a bad tenant.

2. Current Vacancies

Check to see how many vacancies the property manager currently has. You can gauge how good they are at tenant placement by looking at how many vacancies they've got and how long they've been vacant for.

If you're seeing dozens of vacancies that have been on the market for more than one or two months, it's a problem. The best rental property management in Miami won't let a property stay vacant for more than needed because they'll proactively try to fill it with quality tenants.

3. Marketing Practices

Last, but not least, find out what marketing tactics each Miami property management service uses. They should have a go-to system of photographing and listing the properties so that they garner interest as soon as they're available.

Good property management companies will have a listings section directly on their website, but they won't stop there. They'll also post on other local listing sites to create widespread interest from all of Miami's current apartment seekers.

Ease Your Mind with Tenant Placement

There's nothing simple or easy about being a landlord, even in a desirable city like Miami. If you want to make your life easier, you'll hire a property management company to take care of tenant placement, among other things.

Pristine Property Management can protect your investment and make sure money is coming in every month. We offer a wide range of property management services, including property marketing, tenant screening, and rent collection. Contact us today to learn more about what we do and how we can maximize your Miami rental property.