Getting help from an Orlando property management company certainly makes life easy when it comes to handling rental property. Property owners often consider it worthwhile to pay a property management company than undergoing the hassles involved in property management. If you too are planning to hire an Orlando property management agency, you should make sure that you are paying the right fee. Some of the agencies in the industry are notorious for charging exorbitant fee not only that they also levy many hidden charges and fee that rip off the customers. You need to be cautious with such companies.
Find an honest Orlando property management company. Go for reputed agencies that are well known in the industry for their dependable services and for their transparent fee structure. Before signing up with any property management agency, you need to have all your concerns pertaining to cost factors addressed. It is best not to go by presumption but have even your slightest doubts clarified.
Prior to signing up check whether your agency charges any signup fee. Some companies do charge an initial fee as signup fee but there are also many agencies that do not charge any fee towards signup fee. Look for agencies that do not charge you any signup fee. One of the responsibilities of your Orlando property management company is to promote your property and find the right tenants. They should not charge you any special fee for marketing your property. You need be clear well in advance about the marketing fee. Stay away from companies that levy marketing fee.
You should be able to cancel your agreement with the company anytime you like without incurring any cancellation fee. It is totally up to you to decide whether to use or not to use a property management agency.
Not only you but your tenants too should not be charged any administrative fee for using their services. If your agency is going to levy such charges then you will find it difficult to find tenants for your property, as they may not prefer to pay unnecessary fee to rent your property other than the monthly rent.
Look for companies that have all inclusive pricing policy whereby you know exactly how much it is going to cost you. One of the normal fee patterns is to charge the property owners a certain percentage of the first month’s rent as fee. If the agency is going to maintain your property and take care of everything pertaining to rental property then a certain percentage of the monthly rental will be charged as service charges. The fee charged here will vary from one agency to the other depending on what exactly they offer. Property management agencies also might charge you lease renewal fee every year and walkthrough inspection fee. Shop around for the best rates but make sure to sign up with the most reputed agency that has a good track record of finding good tenants fast.
