Rental Management or Tenant Placement - Which Is Better?

Rental Management or Tenant Placement - Which Is Better?

With an owner-occupied housing rate of over 65%, Boca Raton has a challenging but rewarding rental market. We may have fewer renters to choose from, but that doesn't mean you can't build a reliable real estate portfolio here.

If you're struggling to find and retain great tenants, one option is to sign up for professional tenant placement. At PMI Beach Properties, we use time-tested methods to screen and place tenants.

Some property owners may find that they need assistance beyond tenant placement. How can you decide if you need rental management or tenant placement? Read on to find out.

What Is Tenant Placement?

Tenant placement is a service that covers all aspects of finding a tenant for your rental unit. Given that Boca Raton has a rental vacancy rate of over 13%, many local landlords can benefit from professional tenant placement.

Tenant placement services may include:

  • Property marketing and professional listing services
  • Tenant screening
  • New tenant onboarding

Tenant screening is one of the most important aspects of tenant placement. Our tenant screening process includes credit checks, background checks, income verification, and an overview of a renter's history. The latter lets us know if a tenant has a history of late rent payments, evictions, and other red flags.

What Is Turnkey Property Management?

Turnkey property management is an all-encompassing service. It will include everything we listed above as well as:

  • Lease reviews and property valuation
  • Accounting and reporting
  • Tenant relations
  • Maintenance coordination
  • Evictions

A rental manager is adept at finding tenants but also at ensuring their entire experience is positive. A great rental manager may help to reduce overhead costs, increase lease renewals, and ultimately maximize your rental income.

How to Pick the Right Rental Management Services

Some rental property owners are more than just investors. They're great at handling maintenance issues and they've made running their rental properties a full-time job. This ensures that they're always available to answer tenant calls and address emergencies.

Do you love being a hands-on landlord but struggle to secure tenants? Tenant placement services can make a big difference.

Many Boca Raton landlords don't quite fit into this box. Signs that you need more than just tenant placement services include:

  • The desire to earn passive income
  • A low occupancy rate and few lease renewals
  • Property deterioration due to poor maintenance coordination
  • An inconsistent ability to break even and turn a profit

Our full-service clients range from out-of-state investors to accidental landlords in need of landlord rescue.

Call PMI Beach Properties for Customizable Services

Boca Raton presents a challenge to residential rental property owners. Because so much of our population owns their homes, it takes extra knowledge and care to keep rentals full and profitable. At PMI Beach Properties, we fill in the gaps to support growing profits.

PMI Beach Properties relies on nationally-tested methods and services that our local experts have catered to local needs. Whether you're looking for a single service like tenant placement or turnkey property management, we can help. Contact us today to learn more about our approach.