24 Sep Are you Really Ready to Be Your Own Property Manager?
It’s extremely important to know that every potential investor’s situation is different and there are many factors that can influence them to hire a Niceville property management company. Here are a couple questions to consider when hiring a property management company in the Niceville, Florida area.
How far do you live from your Niceville, Florida rental property and can you visit the property frequently?
If you live in the Niceville area, frequent visits aren’t a problem, but if you live further away you may run into increased travel time and costs to maintain your investment. Living further away can cause you to be less motivated to drive or fly to check in on your property. As a result, your smaller maintenance repairs can turn into larger ones and tenant damages will begin to go unnoticed. You should expect to visit your property monthly along with the occasional middle of the night emergency that requires your immediate attention. Depending on the number of properties you manage and other responsibilities that you have, you’ll need to be realistic about the time you have to ensure that your Niceville properties are being correctly maintained.
Do you get stressed easily?
It’s important to evaluate yourself to determine whether or not you’d be ready to handle the rollercoaster of emotions that can come with being a property manager. Collecting rent checks seems easy, but there are many variables that can push property owners to their breaking point. Ask yourself how you’d be able to handle these scenarios below:
- Your tenants arguing with other tenants or nearby neighbors
- Domestic disputes – Violent or non-violent
- Illegal business conducted on the property
- Parties late at night
- Unauthorized tenants or animals that are occupying the home
- Tenants that decide to sue you
- Tenants damaging the property
- You receive notices from the HOA because tenants violate HOA by-laws
- Tenants don’t pay rent in an attempt to maneuver the legal system for the maximum amount of free housing at the owner’s expense
Need Help? Sound Choice Is Here for You!
Sound Choice offers full-service property management in Niceville, Destin, Crestview, Fort Walton Beach and the surrounding areas. We are dedicated to providing a maximum return on your investment and eliminating hassle and stress.