Being a Landlord: What You Need To Know
So, you’ve decided to rent out an income property in Northwest Florida. Congratulations! Now, there are a few things you need to know before becoming a landlord.
Managing a property, even one, will take up a lot of your time. In addition to time, you will also need to set aside cash reserves in the event you need to make repairs or cover other emergencies at the home. You will also never be 100% occupied so you may need to cover cost between tenants, as well.
To properly manage a home you will also need to familiarize yourself with local laws to ensure you have a proper lease and follow all necessary procedures including deposit collections, late payment notices and even evictions. Which brings us to the effort you will need to put forth in order to attract, screen and keep good tenants.
Does this sound like a lot of work? It is – it’s our job! Let us help you make your Gulf Coast rental property a success through our tried and true property management services. Call our team today to learn more about Southern Residential Leasing and what we can do for you.