Managing rental property in Florida demands time, expertise, and knowledge of state regulations. You must find and screen tenants, collect rent, coordinate repairs, handle complaints, and comply with Florida landlord-tenant laws. Many landlords hire property management companies to handle these tasks.
Property managers act as intermediaries between you and your tenants. They market vacancies, screen applicants, collect rent, coordinate maintenance, and enforce lease terms. This proves especially valuable for out-of-state investors or landlords who own multiple properties.
Property management costs 8-12% of monthly rental income plus additional fees for services like tenant placement and lease renewals. You need to understand what you’re paying for and whether the investment makes financial sense for your situation. Our Kissimmee property management company has 2 fee options: 8% and 10%. Read more: property management fees.
Different Types of property management in Florida
Traditional Florida real estate laws and regulations govern property management of single-family homes for residents to live in year-round. Homes you can rent by the night or week that are used for vacation rental purposes are classified as lodging establishments and governed by hotel/restaurant laws, rules, and regulations.
For instance, as a sales and long-term rental and traditional property management company, here’s the link to our state business license.
We service Kissimmee, St Cloud, Orlando, Davenport, and the four corners area.
Which cities in Florida are best for investment properties?
While there are many places in Florida to buy investment properties, the Orlando, Tampa, and Miami metro areas seem to be among the most popular sites to move to due to name recognition. However, don’t count out places such as Kissimmee, Ocala, Naples, Fort Myers, Daytona Beach, Sarasota, Lakeland, or Port St. Lucie. These areas are fast-growing and should not be overlooked when buying Florida investment properties.
Finding a reputable Florida property management company can be challenging, but do your research good news travels fast, and bad news travels faster! You can check out any company you’re interested in doing business with on Trustpilot , and social media.
Florida Property Management
If you want to rent your Florida home to long-term tenants, don’t hesitate to contact any Florida property management companies we have listed in this blog post. Depending on your tenants’ needs and your own, you might want to shop around before you make a choice. Remember, Long-term tenants are valuable to you because they stay beyond the peak Florida tourist season, unlike travelers.
