Rental Property Management Services is in our 14th year of serving landlords and investors throughout Miami-Dade county, with all of their rental property needs. Have rental property or looking at investing? Trying to decide whether to become a DIY Landlord, or hire a professional rental management company? If the property is located in a larger city, most likely you'll have a lot of options in hiring a professional company or a real estate agent that also handles property management. It might seem overwhelming... aren't they all the same? And then you might ask yourself... can't I just handle it myself?
An established rental property management company will have an industry standard bookkeeping system, and the best ones will offer 24/7 online landlord access to their own accounts. Also, they will have a system in place to handle 1099s for tax purposes every January. They will have business banking accounts with the ability to hold tenant's security legally, without being co-mingled with other funds. They will know landlord/tenant law and have great strong leases prepared by real estate attorneys, for you to use.
Experienced property managers have tons of experience in dealing with all the pitfalls that can come with rental properties: curable and non-curable lease violations, collecting late fees and fines, evictions, parking issues, early terminations, repairs. Rental Property Management Services Inc. has been there, done that... we've got you covered!
Rental Property management services, inc.
14th year in Miami
- 24/7 online access to account via Landlord Portal
- Fill vacancies
- Lease prep and legal addenda
- Tenant repair requests, improvements, clean-outs
- Rent collections, late fee assessments
- Notices, eviction coordination
- Move-ins, move-outs
- Monthly, year-end statements, 1099 to owner
Did you know?
For rental property, your expenses like
property management fees, realtor commissions, repair expenses,
association dues, landlord insurance, etc.
are tax deductible.
(always seek the advice of a tax professional as every situation is unique)
Rental Management: DIY Landlord or Hire a Rental Property Management Services Company?
Hiring a rental property management company will help you sleep at night. Sounds funny, but ask anyone that's managed their own rental properties for any length of time. Dealing with late rent, repair requests in the middle of the night, noise complaints, subleasing without permission, early terminations, unapproved pets... so many issues involved with rental properties. Professional property management firms have the structure in place to handle everything. They have their network of professionals to call upon. They've seen many evictions, and know how to help minimize the risks.
Don't let the cost of property management scare you. The costs associated with rental property are (in most cases) tax deductible. [ALWAYS ask your tax preparer and seek out the correct information for your own tax situation.] Did you purchase Landlord Liability Insurance? Tax deduction! Did you have to replace a toilet? Tax deduction! Did you pay a realtor commission to find your tenant? Tax deduction! And what about
Many realtors will say they are property managers. But they don't have enough experience, don't know Florida landlord/tenant law well enough, don't have a background in home improvement/repairs and costs, and don't know enough about leases and addenda to proactively avoid rental pitfalls and how to save you (the landlord) money! Inexperienced agents will end up costing you money, we see it every single day. Even many property management firms that have popped up recently that seem big and impressive... BEWARE! They are best at charging fees, NOT at managing rentals!
Does it make a difference WHICH rental property management services company you hire? YES!!!
DIY LANDLORD: Landlord leasing can be tricky and challenging, especially if you are inexperienced. Check out our 7 Steps of Landlording here:
We can help you BUY | SELL | RENT
and MANAGE your RENTAL PROPERTY!
We manage privately owned residential real estate throughout Miami-Dade including in:
Capomar, Miami Beach
Chantarelle, Cutler Bay
Doral Place, Doral
Edgewater, East Coral Gables
Isles at Bayshore, Cutler Bay
Le Club @ Old Cutler
Pelican Bay, Cutler Bay
Quayside, North Miami
Sierra Ridge, NMB
Sunset Villas, Miami
South Bay Club, South Beach
Tiger's Paw, Coconut Grove
Rental Property Management Services, Inc.
Celebrating our 14th Anniversary