So you’re considering starting a property management company in Orlando? Maybe you’re looking for a change of pace and want to be your own boss, or maybe you’ve been doing property management for someone else, and they’ve decided it’s time for them to retire. Either way, there are three things that we hope will help you with your decision.
First, property management is an important job that requires integrity, honesty, and the ability to deal with people on both good days and bad days. You need patience as well as experience managing properties so that when the resident has a concern about their unit or needs assistance with something like repairs or maintenance, they can trust that their property manager will be responsive and take care of the problem quickly.
Second, property management is a full-time job. It’s not something that you can do part-time and expects to succeed, so if you’re retired or considering property management as just another income stream, think again. As a property manager in orlando, Florida, there are many things that need your attention other than the financial side of managing properties, such as finding good tenants, collecting rent, ensuring the property is well maintained, and complying with state/city laws.
Last but not least, property management in orlando, Florida, can turn out to be more profitable than you may think it would be. Property managers usually charge around 15% of the monthly rental income for managing your property efficiently every month! This means that if your property is rented for $1000/month, property managers will charge you around $150 to manage your property. This would be a great way of making money without lifting a finger!
In conclusion, starting a property manager in Orlando is not as easy as it seems to be. There are a lot of things you need to consider before starting your property management company!