As a landlord, you’re always looking for ways to give a boost to the bottom line. With technology a huge part of that bottom line these days, it only makes sense that you’re going to look to it not only to increase revenue but to improve your tenants’ experience as well.
How to Handle Deposit Disputes
1. Open communication with your tenant is very important. Keeping that line of communication open will allow your tenant to let you know of any property damage right away as well as you being able to be open with any concerns about the tenant's activities.
2. Perform a walk thru of the home prior to move-in with the new tenant and document the condition of the property.
3. Give your tenants the opportunity to repair damage they caused by hiring a professional to do the needed work.
When you hire a Property Management Company make sure they will inspect your investment(s) once a quarter. Usually, there is some sort of repair or issue that may need to be addressed. Staying on top of regular maintenance is the key to keeping your investment in top shape and you can command more rent for your investments. Especially in one of the top cities in the South for job ranking such as Orlando, according to Forbes best cities for job rankings.
Make sure that your investment has Dynamic Pricing and Revenue Management in place. You want to ensure that pricing adjusts with demand and supply. If you are managing your asset yourself this could be a challenging issue. You can use tools online or you can contact us to run a pricing structure that will help you price your home according to the ever changing Orlando market. Contact us today to find out more!