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..."I now manage the property myself. I am still out of town. But, here is what I did. I found some great long term renters. I also found a very good handyman who I can call who will go out there and do what is needed. So far, I have had very limited need of him. But, the arrangement works out well. I do not think I would be comfortable with this arrangement if I was just doing seasonal rentals or had a lot of turnover."
May I have the name/contact of your very good handyman? Thanking you in advance. |
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Property Management info
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Dena Manning with ReMax Property Management. She is awesome and stays on top of everything. (352) 460-4633
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White Pelican management is the best for managing your rental.
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We did rent out our property every wintertime. We do it by ourselves. The last time we inquired about property management ( forgot the name of the company) the man came over and he had a contract form with him. And what's a red flag is, he won’t let us even read and see what's in the contract sheets. So, we concluded that he wants to make money on our property, not to our terms but to his terms. So, we ended up doing it by ourselves.
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Managing and Acquiring rental property
We are planning to move to TV in 4 years so started with the idea of a rental property to catch apart of the appreciation gain. However, we were trying to decide between a pure rental and renting our “forever” home. Then Covid hit.
We are sitting tight and are curious what others have found. We saw one home that we had looked at sell, then fail to rent, then sell again during this time. Dropping price multiple times. We work with Mike who responded above. Michael Ritzenthaler. He has the $100 a month fee for management and strong insights to expected costs and rental rates. mikeritz53@hotmail.com 585-739-8933 |
BUT, you still need to follow uo on the managment group. I can tell you this, from a renter point of view, when we were looking to rent, before we made the decision to buy
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Do it yourself
Hire a home watch service. They will check the house weekly and notify you if anything is wrong. They should be on call 24/7. Join the facebook page Landlords of the Villages, where members share leads and information to better our investments. The management firms get a bundle of money and will likely only fill your place Jan-March which is the easiest time of year to fill. You can always do it yourself and switch to a management company if it doesn't work for you.
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If you try and do it yourself and live remotely, who gets the tenant their keys and guest passes? How do cleaning people get in?
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We are planning on offering a furnished rental for monthly rentals
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