Blog
Is Your AirBnB Ready For The Holidays?
With Christmas fast approaching, is your Airbnb ready for the holiday season? At Maxima Property Management, we explore a few ways to boost occupancy and ensure your property is primed for the upcoming season.
Raise your rates
The holiday season coincides with families and couples taking time off work. As such, it’s one of the busiest times of the year for travel. Hotels will raise their rates to match the demand, so you need to follow suit. Accommodation is hard to come by during busy periods, so people are prepared to pay more. Don’t go too crazy – check the average rates in your area to be sure you’re not over or underpriced.
Optimize your listing
Focus on adding some holiday season spice to your Airbnb listing. Focus on the headline and description, pointing out key facets that relate to Christmas and New Year. For instance, list the distance to the nearest Chrismas Market.
Think about things like views of NYE fireworks or other aspects people are looking for when going away during the holiday season. It keeps your listing current and highlights the USPs that make you more attractive than others.
Embrace the season
Lastly, get your Airbnb into the holiday spirit. If Christmas is celebrated in your area, decorate the property with a tree and all the trimmings. It makes your property more inviting and will look awesome in the photos on your listing.
Likewise, go the extra mile with some holiday season perks for guests to enjoy. Leave them with some Christmas treats – like mulled wine, chocolates, or even some homebaked gingerbread men. It costs very little on your behalf, but it works wonders for the overall guest experience.
We understand that the holiday season is busy for everyone. So, it’s hard to find time to get your Airbnb in shape. Don’t worry, Maxima Property Management is on-hand to help with everything. We’ll manage your listing and ensure that everything is set up to attract occupants and offer them a festive experience.
Alternative Ways To Use Your Vacation Rental
With global coronavirus measures discouraging travel, vacationers may no longer be streaming into your property. Rather than letting your vacation rental sit empty, there are several great ideas that you can use to ensure your property can be fully utilized whilst generating some much-needed cash too.
Offer Extended Stays
Though travelers may not be searching for a weekend getaway at this moment in time, they are searching for safe, long term bases from which they can essentially ‘ride out the storm’. Rather than marketing your vacation rental for exclusively short term stays, it’s a good idea to consider offering extended options that last several weeks or even months. This could be a particularly smart move if your property is in a rural or remote location where social distancing measures can easily be followed.
Long Term Tenants
If you are looking to guarantee a steady income from your vacation rental for a considerable amount of time, searching for a long term tenant on a 6 or even 12-month lease might just be the perfect option. This could ensure that you have the money you need to pay your bills, though it may work out as a smaller total number than a night by night basis.
Offer Housing For Frontline Workers
Hospital staff and other essential frontline workers desperately need more housing opportunities, as they need a place to stay where they will not be putting their family at risk of infection whilst they fight against Coronavirus. You could even consider a significantly reduced rent rate to give something back to the community, as this will still offset some of your losses whilst helping others out too.
How AirBnB Hosts Can Survive Covid
The year 2020 was filled with promise, until February and March when almost every single country went into lockdown. Many businesses started to suffer, but one of the businesses that have suffered incredibly is that of Airbnb hosts due to Airbnb cancellations.
Airbnb is a quick and effective way to match people with properties. Those properties get booked, and then people arrive on the day that is arranged. But due to the massive and unprecedented coronavirus, there has been an enormous wave of cancellations.
There are two kinds of Airbnb owners. The ones who bought a property to make it available for rental purposes, and the ones who had extra room that could make some cash. And, business has come crashing down for both.
So what can you do to survive the airbnb cancellation wave?
Offer incredible deals. While people can’t quite travel yet, many people are starting to look and book. Planning for the future. A price promotion can bring in a slew of quick bookings.
Although it should be noted, you might not get the clientele that you are used to. However, these discounted bookings will be a lifesaver in the current situation. Here are a few more quick fixes.
- Being proactive about your rental model and changing it from multiple rooms to one large group home. The other way round might work out too – play with different rental options to find what works.
- Think about if your property would be suitable for pets, or perhaps smokers, just for the short term.
- Adding an office space, understanding that people need to work from home now, and your Airbnb can provide a space to do so, while still maintaining social distancing rules.
- Set your minimum night to one rather than two or three, this allows people to get out of their current home but only for a short time.
- Make longer rentals something that is available, as nurses and front line workers often need to be away from home from multiple weeks.
- Play up the features that are going to be a draw to people who can’t really go out and shop, to the cinemas, or to a restaurant—a fully stocked kitchen and Netflix with Wi-Fi connection or an office might be exactly what they need.
- And use all of your free social media spaces to advertise your property. Go all in on cross-market listings.
Be flexible and change some of what you do to stay afloat during the wave of airbnb cancellations. For more information contact us today.
What should I do to protect my vacation rental during coronavirus?
Coronavirus is a world issue that is affecting every one of us in one way. If you have a vacation rental, you may need to do a few things. It is not just the importance of deep and regular cleaning. It also relates to ensuring the property is 100% virus free using the WHO standards.
Firstly, deep clean with thorough equipment. This means using the correct PPE such as gloves and the correct cleaning products. Gloves are best if they are disposable and you must be sure to still wash your hands following usage. This applies to you and your cleaning staff who must be adequately protected too. There are recommended disinfectants to use.
Before using disinfectants however, it is wise to clean all surface areas with hot soapy water, before moving on to disinfecting. Everything must be disinfected, such as handles, remotes, taps, railings, doorknobs and any area touched by humans. Sanitize the bedrooms thoroughly by changing all bedding and adding mattress protectors.
There is no need to use an Ozone machine, these are proven to not be beneficial. A little common sense and some heavy duty cleaning and you can protect your property. Keep your guests informed of your regime and also encourage hygiene. Leave notes or reminders and try to give them as much information.
There are plenty of ways to keep safe. Adding hand sanitizer to your property is good encouragement. In regards to protecting yourself as the owner, it is vital to get the correct information that is correct for your area/country.
AirBNB in Miami
South Florida, and Miami in particular, is a hot pick for estate investors right now. When it comes to the best investment strategy, hosting your property on Airbnb is the most profitable choice. With a median property price of roughly $4k, monthly rental incomes of $2,353, and a comparative monthly Airbnb income of $2,774, there’s solid evidence suggesting that Miami Airbnb investments are the way to go.
Miami real estate is expensive, but sales are going up across all sectors. With a low interest rate and cash return, Miami investment properties are offering an excellent return on investment. Many are still on the hype train of flipping long-term rentals. This has only heightened due to more and more people moving to Miami following some tax reforms. For investors, there’s a huge market that’s driving Airbnb profits.
Airbnb Miami offers a better return on investment than long-term rental properties. This is especially true when looking at the numbers alone, thanks to a higher rental income. This is not to mention better cap rate and cash on return rate and that’s largely because of the tourist market.
Miami is and will continue to be, for a long time, a huge-tourist hotspot. The internet has changed how tourism works too. Every season brings brand new hot spots, including over 800 parks, national parks, sports events, cruise line ships, and an ever-shifting cultural heart.
People are visiting Miami in record-breaking numbers, as shown by occupancy rates of over 50% in most of the top Miami Airbnb neighborhoods. That’s a rate that’s simply unheard of in many other cities.
For more information contact Maxima today.
AirBnB Property Management – What You Need to Know
Are you thinking about getting involved in Airbnb property management? Well, there are a few things that you need to know and be aware of before you take this step. For instance, you need to recognize both the advantages and disadvantages of Airbnb property management.
Pros
- You can find out about guests and read reviews before you invite them to stay, similar to how a customer would check out a business.
- Your property is fully insured by Airbnb against potential damage from guests so you have a full safety net.
- Advertising your property is also cheap and easy through the resource provided by the company.
- The market is continuously growing and the faster you join, the quicker you will become an established party that people trust.
- You have full flexibility too so you’ll be able to decide exactly when to have people stay and when to keep the property free.
Cons
- If you can’t afford to pay someone to keep your property neat and tidy you’ll need to complete this job yourself. That includes cleaning the restroom.
- This also isn’t the type of income where you can predict how much you will be making each month. Your income may change dramatically from month to month, depending on demand.
- You’ll also need to make sure that you are monitoring what’s going on constantly to keep things operating smoothly.
Mistakes
Finally, it’s worth considering a few easy mistakes. Do not think you can be completely hands-off here. You also should try and aim for perfect reviews, but there may be complaints. Be ready and use them as constructive criticism as you work to improve your business where you can.
For more information, contact the experts at Maxima Property Management!
Property Manager Benefits Fort Lauderdale | Davie | Miami | Pompano | Deerfield
Property management firms can handle everything from minimal maintenance of the property to full-service management. Perhaps you’re looking for someone to handle day to day support of tenants in a rental property. Maybe you need basic second home management or vacation home management, giving someone else the responsibility of cutting the grass and checking on the property when you’re not there. Here are a few benefits of good property management.
The Ability to Monetize the Property
Long-distance landlords face many challenges. How do you find a good plumber to fix that backed up toilet in the rental when you live several states away? How do you clean up the property after tenants move out? A property management firm can take care of all of this for you, and they’ll simply take a portion of the rental income in exchange. If you have a second home or vacation property, you could hand off this work to a property management firm. This could allow you to earn income from short term rentals of the property with minimal work on your part, and the property will be in great shape when you come to stay.
Reduced Insurance Premiums
Insurance premiums like mortgage rates tend to be higher on second homes and vacation properties. Since you aren’t there day after day, you aren’t going to notice leaking pipes until they’ve ruined the drywall or flooded the carpets you find upon your return. When you have a property manager checking on the condition of the property and making repairs as necessary, the odds of the property being severely damaged go down. This can significantly reduce your insurance premiums. Regular checkups and routine maintenance will reduce the overall cost for property maintenance, as well.
Fewer Legal Problems
A property management firm will vet tenants before they move into your rental property, and they’ll use legal criteria to do so. They’ll handle any evictions, and they know how to work through the process without being sued. If there are issues with squatters or overly tall grass, the property management firm will take care of it before code enforcement or the home owner’s association starts hitting you with steep fines.
How to Find the Right Home Maintenance Management Company
Real estate properties like any other asset if not well cared for and maintained decreases in value at a very fast rate. It is for these reasons that homeowners and real estate agencies are turning to home maintenance management agencies to care for their property and help increase their values. These agencies also help in addressing the issues of tenants as soon as they arise thereby acting as an intermediary. Since this concept is still new in the industry, a lot of people may easily get lost when looking for the best house maintenance management to work with.
Experience of Home Maintenance Management
Many home maintenance management companies come up with each passing dawn, and a subsequent number of them close up business too. In order for you to safeguard your real estate investment and ensure that your maintenance company is here to stay, see to it that you find a company that has been in the business for more than a decade. Apart from having the assurance that the company you are working with is legit, a highly experienced company will help you manage well the accounting, legal and emergency responses due to their vast wealth of knowledge.
Number of Properties under the Home Maintenance Management
There is no standard number of properties a house maintenance management company ought to have in order to earn the expert status. However, company with a large number of properties under their watch means that it has a good reputation within the market, while one with fewer properties means that the manager has a lot of time to handle your needs. This means that they will be able to provide you with the best services. Therefore take into account factors such as the experience of the manager and the resources available before you make any conclusive decision.
References and Testimonials of the Home Maintenance Management
When approaching any house maintenance management company ask them to provide you with the testimonials of their previous clients. Focus your attention on the reviews of services of importance to you and also those with properties similar to yours. From these testimonials, you will be able to tell whether or not the particular company will be able to handle your needs or not.
Qualifications of the Manager from the Home Maintenance Management
When it comes to your greatest investment, you want to be sure that the individual on the job is actually the right one. Ensure that your home maintenance management property manager has the right qualifications and training for the job. Additionally he or she should possess people and problem solving skills that will help them deal effectively with inevitable situations as they occur. Consider also benchmarking and training your manger with the industry’ best to help him or her improve on their skills.
The best condo maintenance services company could be your answer to property management since they will handle every aspect as you relax and watch your property flourish.
Want to know more? Need help selling a house in Florida? Want a full-service for your property?
Take 10 seconds to fill out your information, and we will contact you as soon as possible!
Few Reasons Why You Should Have a Property Manager
Not a lot of people consider hiring the services of Miramar property management companies unless they absolutely need to and that’s the thing. Sooner or later, you are going to realize that companies of the kind are capable of bringing a significant amount of benefits for you and for your pocket.
That’s right – even though you are going to pay them a commission, they are capable of significantly optimizing your expenses beyond your own comprehension. With this in mind, we want to provide you with just a few benefits that you might be capable of drawing from working with a company of the kind. Let’s take a look.
Reduced Expenses
Miramar property management experts are specialized in delivering services of the kind. They have a lot of experience in it – this is something that you might want to take into account. This is the main reason for which they will know how to undertake the task professionally and make sure that everything is taken care of in the most efficient and cost-effective manner. This is quickly going to translate to a lot of benefits and, what is more, it’s going to increase your revenues considerably over time. Soon, you wouldn’t even take money out of your pocket to pay them as the expenses they save are going to make up for their commission.
They Know How to Handle Tenants
Regardless of whether you are renting out an apartment, house or a commercial space, handling your tenants is paramount. Miramar property managers are well versed, and they are perfectly aware of all the negotiation politics and techniques that take place when interacting with all sorts of tenants. Keep in mind that they also have certain rights and they are well aware of it. If you decide to work with a company of the kind, it might be able to make the most out of seemingly unpleasant situations because that’s what they are good at.
Ensure your Calmness
Having to deal with all of this on your own, especially if you have a regular day-to-day job is particularly overwhelming. Perhaps the biggest advantage of hiring a Miramar property manager is the fact that you wouldn’t have to deal with all the issues yourself. You would otherwise have to spend much of your own valuable time in handling these types of problems, and this is going to end up costing you both money and nerves that you simply can’t afford.
As you can see, working with a company of the kind is most certainly going to ensure a wide range of different benefits which are going to make up for the fact that you are actually paying a commission. It’s definitely worth taking a shot.
Want to know more? Need help selling a house in Florida? Want a full-service for your property?
Take 10 seconds to fill out your information, and we will contact you as soon as possible!
Best Home Renovation Services Company in Tri-County Florida
Home renovation is one of the most effective ways in which you can help improve the value of your home. Planning and quality choice of the service provider are some of the things that will help you get quality results at very affordable costs. There are various factors that will help connect you to the best home improvement services which you need to be aware of.
Understand That Price Is a Reflection of Quality in Home Renovation
home improvement services most people when undertaking home renovation services will tend to go for lowest bids without necessarily looking at the underlying consequences. Normally low bids are usually an indicator that a contractor may be using substandard materials in-house improvement and renovating services. For quality home renovation works analyze first the total cost your project will take then look for a contractor that will give you quality service at a subsidized amount.
Learn About Your Contractors Credentials in Home Renovation
When hiring a renovation service company to ensure that they have the right kinds of credentials that will guarantee you quality. See to it that the service provider is duly licensed and registered by the state through its relevant authority. Once licensed this is proof enough that the company you’ll be working with is able to handle all your needs and do it to perfection too. To sum up, the list of credentials is an insurance document. Ensure that the insurance policy is comprehensive and binding to all the employees working on the site since accidents are common in home improvement services.
Understand All Your Home Remodeling Needs in Home Renovation
Knowledge is power. Therefore for you get the best renovation service, it is important you understand all the details both legal and technical. Understanding the legal regulations of house improvement and renovating services will help you know what permits ought to be taken during such projects. This helps you avoid getting on the wrong side of the law.
Prepare Yourself for Home Improvement Services
Most people tend to think that home improvement services companies are also responsible for getting them ready for renovations in terms of moving and securing their properties. Nothing can be further from the truth. If you want to get on the right foot with the renovation service company you’ve hired, first start by taking your properties out of the house to allow demolitions. This will help get the work done faster and with minimal damage to property.
Waste Handling in Home Renovation
At any home remodeling project wastes, a product is always a must. Before hiring any home improvement services, it is important you ensure that whichever company will get the job can be able to dispose of the debris properly. Start by evaluating whether or not they have a dump site and transporting vehicles. A quality renovation service provider does not only help you achieve quality finish but also ensures that your environment is clean too after completing the job.
List of locations we offering home improvement services in Florida:
Coconut Creek
Coral Springs
Dania
Davie
Deerfield Beach
Everglades Parkway
Fort Lauderdale
Hallandale
Hollywood
Lauderdale Lakes
Lauderhill
Pembroke Pines
Plantation
Pompano Beach
Miramar
Southwest Ranches
Sunrise
Whether you’re a tenant looking for the right place to live in Miami, Florida or you’re a homeowner looking for a trusted partner to help manage your investment as if it were our own, call Maxima Property Management today for more information. We will do anything and everything we need to in order to help you achieve all of your goals in the area.
Blog
Is Your AirBnB Ready For The Holidays?
With Christmas fast approaching, is your Airbnb ready for the holiday season? At Maxima Property Management, we explore a few ways to boost occupancy and ensure your property is primed for the upcoming season.
Raise your rates
The holiday season coincides with families and couples taking time off work. As such, it’s one of the busiest times of the year for travel. Hotels will raise their rates to match the demand, so you need to follow suit. Accommodation is hard to come by during busy periods, so people are prepared to pay more. Don’t go too crazy – check the average rates in your area to be sure you’re not over or underpriced.
Optimize your listing
Focus on adding some holiday season spice to your Airbnb listing. Focus on the headline and description, pointing out key facets that relate to Christmas and New Year. For instance, list the distance to the nearest Chrismas Market.
Think about things like views of NYE fireworks or other aspects people are looking for when going away during the holiday season. It keeps your listing current and highlights the USPs that make you more attractive than others.
Embrace the season
Lastly, get your Airbnb into the holiday spirit. If Christmas is celebrated in your area, decorate the property with a tree and all the trimmings. It makes your property more inviting and will look awesome in the photos on your listing.
Likewise, go the extra mile with some holiday season perks for guests to enjoy. Leave them with some Christmas treats – like mulled wine, chocolates, or even some homebaked gingerbread men. It costs very little on your behalf, but it works wonders for the overall guest experience.
We understand that the holiday season is busy for everyone. So, it’s hard to find time to get your Airbnb in shape. Don’t worry, Maxima Property Management is on-hand to help with everything. We’ll manage your listing and ensure that everything is set up to attract occupants and offer them a festive experience.
Alternative Ways To Use Your Vacation Rental
With global coronavirus measures discouraging travel, vacationers may no longer be streaming into your property. Rather than letting your vacation rental sit empty, there are several great ideas that you can use to ensure your property can be fully utilized whilst generating some much-needed cash too.
Offer Extended Stays
Though travelers may not be searching for a weekend getaway at this moment in time, they are searching for safe, long term bases from which they can essentially ‘ride out the storm’. Rather than marketing your vacation rental for exclusively short term stays, it’s a good idea to consider offering extended options that last several weeks or even months. This could be a particularly smart move if your property is in a rural or remote location where social distancing measures can easily be followed.
Long Term Tenants
If you are looking to guarantee a steady income from your vacation rental for a considerable amount of time, searching for a long term tenant on a 6 or even 12-month lease might just be the perfect option. This could ensure that you have the money you need to pay your bills, though it may work out as a smaller total number than a night by night basis.
Offer Housing For Frontline Workers
Hospital staff and other essential frontline workers desperately need more housing opportunities, as they need a place to stay where they will not be putting their family at risk of infection whilst they fight against Coronavirus. You could even consider a significantly reduced rent rate to give something back to the community, as this will still offset some of your losses whilst helping others out too.
How AirBnB Hosts Can Survive Covid
The year 2020 was filled with promise, until February and March when almost every single country went into lockdown. Many businesses started to suffer, but one of the businesses that have suffered incredibly is that of Airbnb hosts due to Airbnb cancellations.
Airbnb is a quick and effective way to match people with properties. Those properties get booked, and then people arrive on the day that is arranged. But due to the massive and unprecedented coronavirus, there has been an enormous wave of cancellations.
There are two kinds of Airbnb owners. The ones who bought a property to make it available for rental purposes, and the ones who had extra room that could make some cash. And, business has come crashing down for both.
So what can you do to survive the airbnb cancellation wave?
Offer incredible deals. While people can’t quite travel yet, many people are starting to look and book. Planning for the future. A price promotion can bring in a slew of quick bookings.
Although it should be noted, you might not get the clientele that you are used to. However, these discounted bookings will be a lifesaver in the current situation. Here are a few more quick fixes.
- Being proactive about your rental model and changing it from multiple rooms to one large group home. The other way round might work out too – play with different rental options to find what works.
- Think about if your property would be suitable for pets, or perhaps smokers, just for the short term.
- Adding an office space, understanding that people need to work from home now, and your Airbnb can provide a space to do so, while still maintaining social distancing rules.
- Set your minimum night to one rather than two or three, this allows people to get out of their current home but only for a short time.
- Make longer rentals something that is available, as nurses and front line workers often need to be away from home from multiple weeks.
- Play up the features that are going to be a draw to people who can’t really go out and shop, to the cinemas, or to a restaurant—a fully stocked kitchen and Netflix with Wi-Fi connection or an office might be exactly what they need.
- And use all of your free social media spaces to advertise your property. Go all in on cross-market listings.
Be flexible and change some of what you do to stay afloat during the wave of airbnb cancellations. For more information contact us today.
What should I do to protect my vacation rental during coronavirus?
Coronavirus is a world issue that is affecting every one of us in one way. If you have a vacation rental, you may need to do a few things. It is not just the importance of deep and regular cleaning. It also relates to ensuring the property is 100% virus free using the WHO standards.
Firstly, deep clean with thorough equipment. This means using the correct PPE such as gloves and the correct cleaning products. Gloves are best if they are disposable and you must be sure to still wash your hands following usage. This applies to you and your cleaning staff who must be adequately protected too. There are recommended disinfectants to use.
Before using disinfectants however, it is wise to clean all surface areas with hot soapy water, before moving on to disinfecting. Everything must be disinfected, such as handles, remotes, taps, railings, doorknobs and any area touched by humans. Sanitize the bedrooms thoroughly by changing all bedding and adding mattress protectors.
There is no need to use an Ozone machine, these are proven to not be beneficial. A little common sense and some heavy duty cleaning and you can protect your property. Keep your guests informed of your regime and also encourage hygiene. Leave notes or reminders and try to give them as much information.
There are plenty of ways to keep safe. Adding hand sanitizer to your property is good encouragement. In regards to protecting yourself as the owner, it is vital to get the correct information that is correct for your area/country.
AirBNB in Miami
South Florida, and Miami in particular, is a hot pick for estate investors right now. When it comes to the best investment strategy, hosting your property on Airbnb is the most profitable choice. With a median property price of roughly $4k, monthly rental incomes of $2,353, and a comparative monthly Airbnb income of $2,774, there’s solid evidence suggesting that Miami Airbnb investments are the way to go.
Miami real estate is expensive, but sales are going up across all sectors. With a low interest rate and cash return, Miami investment properties are offering an excellent return on investment. Many are still on the hype train of flipping long-term rentals. This has only heightened due to more and more people moving to Miami following some tax reforms. For investors, there’s a huge market that’s driving Airbnb profits.
Airbnb Miami offers a better return on investment than long-term rental properties. This is especially true when looking at the numbers alone, thanks to a higher rental income. This is not to mention better cap rate and cash on return rate and that’s largely because of the tourist market.
Miami is and will continue to be, for a long time, a huge-tourist hotspot. The internet has changed how tourism works too. Every season brings brand new hot spots, including over 800 parks, national parks, sports events, cruise line ships, and an ever-shifting cultural heart.
People are visiting Miami in record-breaking numbers, as shown by occupancy rates of over 50% in most of the top Miami Airbnb neighborhoods. That’s a rate that’s simply unheard of in many other cities.
For more information contact Maxima today.
AirBnB Property Management – What You Need to Know
Are you thinking about getting involved in Airbnb property management? Well, there are a few things that you need to know and be aware of before you take this step. For instance, you need to recognize both the advantages and disadvantages of Airbnb property management.
Pros
- You can find out about guests and read reviews before you invite them to stay, similar to how a customer would check out a business.
- Your property is fully insured by Airbnb against potential damage from guests so you have a full safety net.
- Advertising your property is also cheap and easy through the resource provided by the company.
- The market is continuously growing and the faster you join, the quicker you will become an established party that people trust.
- You have full flexibility too so you’ll be able to decide exactly when to have people stay and when to keep the property free.
Cons
- If you can’t afford to pay someone to keep your property neat and tidy you’ll need to complete this job yourself. That includes cleaning the restroom.
- This also isn’t the type of income where you can predict how much you will be making each month. Your income may change dramatically from month to month, depending on demand.
- You’ll also need to make sure that you are monitoring what’s going on constantly to keep things operating smoothly.
Mistakes
Finally, it’s worth considering a few easy mistakes. Do not think you can be completely hands-off here. You also should try and aim for perfect reviews, but there may be complaints. Be ready and use them as constructive criticism as you work to improve your business where you can.
For more information, contact the experts at Maxima Property Management!
Property Manager Benefits Fort Lauderdale | Davie | Miami | Pompano | Deerfield
Property management firms can handle everything from minimal maintenance of the property to full-service management. Perhaps you’re looking for someone to handle day to day support of tenants in a rental property. Maybe you need basic second home management or vacation home management, giving someone else the responsibility of cutting the grass and checking on the property when you’re not there. Here are a few benefits of good property management.
The Ability to Monetize the Property
Long-distance landlords face many challenges. How do you find a good plumber to fix that backed up toilet in the rental when you live several states away? How do you clean up the property after tenants move out? A property management firm can take care of all of this for you, and they’ll simply take a portion of the rental income in exchange. If you have a second home or vacation property, you could hand off this work to a property management firm. This could allow you to earn income from short term rentals of the property with minimal work on your part, and the property will be in great shape when you come to stay.
Reduced Insurance Premiums
Insurance premiums like mortgage rates tend to be higher on second homes and vacation properties. Since you aren’t there day after day, you aren’t going to notice leaking pipes until they’ve ruined the drywall or flooded the carpets you find upon your return. When you have a property manager checking on the condition of the property and making repairs as necessary, the odds of the property being severely damaged go down. This can significantly reduce your insurance premiums. Regular checkups and routine maintenance will reduce the overall cost for property maintenance, as well.
Fewer Legal Problems
A property management firm will vet tenants before they move into your rental property, and they’ll use legal criteria to do so. They’ll handle any evictions, and they know how to work through the process without being sued. If there are issues with squatters or overly tall grass, the property management firm will take care of it before code enforcement or the home owner’s association starts hitting you with steep fines.
How to Find the Right Home Maintenance Management Company
Real estate properties like any other asset if not well cared for and maintained decreases in value at a very fast rate. It is for these reasons that homeowners and real estate agencies are turning to home maintenance management agencies to care for their property and help increase their values. These agencies also help in addressing the issues of tenants as soon as they arise thereby acting as an intermediary. Since this concept is still new in the industry, a lot of people may easily get lost when looking for the best house maintenance management to work with.
Experience of Home Maintenance Management
Many home maintenance management companies come up with each passing dawn, and a subsequent number of them close up business too. In order for you to safeguard your real estate investment and ensure that your maintenance company is here to stay, see to it that you find a company that has been in the business for more than a decade. Apart from having the assurance that the company you are working with is legit, a highly experienced company will help you manage well the accounting, legal and emergency responses due to their vast wealth of knowledge.
Number of Properties under the Home Maintenance Management
There is no standard number of properties a house maintenance management company ought to have in order to earn the expert status. However, company with a large number of properties under their watch means that it has a good reputation within the market, while one with fewer properties means that the manager has a lot of time to handle your needs. This means that they will be able to provide you with the best services. Therefore take into account factors such as the experience of the manager and the resources available before you make any conclusive decision.
References and Testimonials of the Home Maintenance Management
When approaching any house maintenance management company ask them to provide you with the testimonials of their previous clients. Focus your attention on the reviews of services of importance to you and also those with properties similar to yours. From these testimonials, you will be able to tell whether or not the particular company will be able to handle your needs or not.
Qualifications of the Manager from the Home Maintenance Management
When it comes to your greatest investment, you want to be sure that the individual on the job is actually the right one. Ensure that your home maintenance management property manager has the right qualifications and training for the job. Additionally he or she should possess people and problem solving skills that will help them deal effectively with inevitable situations as they occur. Consider also benchmarking and training your manger with the industry’ best to help him or her improve on their skills.
The best condo maintenance services company could be your answer to property management since they will handle every aspect as you relax and watch your property flourish.
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Few Reasons Why You Should Have a Property Manager
Not a lot of people consider hiring the services of Miramar property management companies unless they absolutely need to and that’s the thing. Sooner or later, you are going to realize that companies of the kind are capable of bringing a significant amount of benefits for you and for your pocket.
That’s right – even though you are going to pay them a commission, they are capable of significantly optimizing your expenses beyond your own comprehension. With this in mind, we want to provide you with just a few benefits that you might be capable of drawing from working with a company of the kind. Let’s take a look.
Reduced Expenses
Miramar property management experts are specialized in delivering services of the kind. They have a lot of experience in it – this is something that you might want to take into account. This is the main reason for which they will know how to undertake the task professionally and make sure that everything is taken care of in the most efficient and cost-effective manner. This is quickly going to translate to a lot of benefits and, what is more, it’s going to increase your revenues considerably over time. Soon, you wouldn’t even take money out of your pocket to pay them as the expenses they save are going to make up for their commission.
They Know How to Handle Tenants
Regardless of whether you are renting out an apartment, house or a commercial space, handling your tenants is paramount. Miramar property managers are well versed, and they are perfectly aware of all the negotiation politics and techniques that take place when interacting with all sorts of tenants. Keep in mind that they also have certain rights and they are well aware of it. If you decide to work with a company of the kind, it might be able to make the most out of seemingly unpleasant situations because that’s what they are good at.
Ensure your Calmness
Having to deal with all of this on your own, especially if you have a regular day-to-day job is particularly overwhelming. Perhaps the biggest advantage of hiring a Miramar property manager is the fact that you wouldn’t have to deal with all the issues yourself. You would otherwise have to spend much of your own valuable time in handling these types of problems, and this is going to end up costing you both money and nerves that you simply can’t afford.
As you can see, working with a company of the kind is most certainly going to ensure a wide range of different benefits which are going to make up for the fact that you are actually paying a commission. It’s definitely worth taking a shot.
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Best Home Renovation Services Company in Tri-County Florida
Home renovation is one of the most effective ways in which you can help improve the value of your home. Planning and quality choice of the service provider are some of the things that will help you get quality results at very affordable costs. There are various factors that will help connect you to the best home improvement services which you need to be aware of.
Understand That Price Is a Reflection of Quality in Home Renovation
home improvement services most people when undertaking home renovation services will tend to go for lowest bids without necessarily looking at the underlying consequences. Normally low bids are usually an indicator that a contractor may be using substandard materials in-house improvement and renovating services. For quality home renovation works analyze first the total cost your project will take then look for a contractor that will give you quality service at a subsidized amount.
Learn About Your Contractors Credentials in Home Renovation
When hiring a renovation service company to ensure that they have the right kinds of credentials that will guarantee you quality. See to it that the service provider is duly licensed and registered by the state through its relevant authority. Once licensed this is proof enough that the company you’ll be working with is able to handle all your needs and do it to perfection too. To sum up, the list of credentials is an insurance document. Ensure that the insurance policy is comprehensive and binding to all the employees working on the site since accidents are common in home improvement services.
Understand All Your Home Remodeling Needs in Home Renovation
Knowledge is power. Therefore for you get the best renovation service, it is important you understand all the details both legal and technical. Understanding the legal regulations of house improvement and renovating services will help you know what permits ought to be taken during such projects. This helps you avoid getting on the wrong side of the law.
Prepare Yourself for Home Improvement Services
Most people tend to think that home improvement services companies are also responsible for getting them ready for renovations in terms of moving and securing their properties. Nothing can be further from the truth. If you want to get on the right foot with the renovation service company you’ve hired, first start by taking your properties out of the house to allow demolitions. This will help get the work done faster and with minimal damage to property.
Waste Handling in Home Renovation
At any home remodeling project wastes, a product is always a must. Before hiring any home improvement services, it is important you ensure that whichever company will get the job can be able to dispose of the debris properly. Start by evaluating whether or not they have a dump site and transporting vehicles. A quality renovation service provider does not only help you achieve quality finish but also ensures that your environment is clean too after completing the job.
List of locations we offering home improvement services in Florida:
Coconut Creek
Coral Springs
Dania
Davie
Deerfield Beach
Everglades Parkway
Fort Lauderdale
Hallandale
Hollywood
Lauderdale Lakes
Lauderhill
Pembroke Pines
Plantation
Pompano Beach
Miramar
Southwest Ranches
Sunrise
Whether you’re a tenant looking for the right place to live in Miami, Florida or you’re a homeowner looking for a trusted partner to help manage your investment as if it were our own, call Maxima Property Management today for more information. We will do anything and everything we need to in order to help you achieve all of your goals in the area.