Passive income isn't really passive if you still do all the nitty-gritty and paperwork.
A smart real estate investor hires a property management company that has skilled property managers to overlook their portfolio.
This is the single move that will help you to scale your real estate investing and acquire more homes for rent. This means more income and more cash flow for you.
Here are some of the tasks and responsibilities that a property manager will help to take off your plate.
Property managers do the marketing for you to get your vacant investment properties rented out as soon as possible.
This includes managing listings (including on Section 8 databases if applicable), emails, and websites for your rental properties.
They also perform tenant screening by running tenant background checks and checking criminal histories. For approved tenants, they oversee tenant placements.
They do all the nitty-gritty of renting out your rental leasings.
Rent collection is your payday. When tenants fall behind on rent, landlords often have a headache trying to keep track of how much tenants still owe, and then tracking the money down.
You just want to get paid the money you're owed. Simple.
Property managers handle rent collection and lease enforcement, so you don't have to. They make sure you can sit back and get paid on time, every time.
Are you done with being on call for your tenants all days of the week and all hours of the day to fix leaking sinks and the heat?
The good thing about hiring for rental property management is that these companies have a whole team of people dedicated to your property maintenance.
They work around the clock, all days of the year, so you never have to drop what you're doing to fix your tenant's bathroom sink again.
Property managers do all the maintenance, coordination, rental property inspections, and provide end-of-lease rental valuation and rental analysis.
At Pristine Property Management, we also offer construction and renovation services in the Miami, Florida areas if you would like to upgrade your properties.
The dream team for your real estate investment portfolio includes your accountant and your property manager.
Property managers handle your rental property accounting and create detailed financial reports on your properties. You can keep tabs on your financials whenever you want.
They also provide you with all the necessary documents you need to take to your accountant. This includes owner statements, owner disbursements, tax statements and 1099s.
This helps to automate your annual tax process, which makes your life much easier.
Good tenants are ideal, but things don't always work out.
Pristine Property Management comes to the landlord's rescue by offering eviction protection against difficult tenants. We take care of evictions and make sure your property is rented out as soon as possible.
We streamline the process to help avoid these disruptions to your cash flow.
Delegate Your Work To Property Managers
If you're serious about real estate investing, you need to get into the Miami, Florida markets. You need to hire a property management company.
Pristine's property managers will help you to manage your homes for rent and keep on top of your real estate investment portfolio.
We manage your turnkey properties, lease renewals, and everything in between so you can expand your portfolio.
Smart real estate investors create systems for their money trees that automate their road to greater wealth. If you're ready to get started, give us a call.