Choosing the best Orlando home rental company is crucial for maximizing the return on your investment property and ensuring a smooth, stress-free experience. Here are some tips to help you select the right rental company to manage your property in Orlando.
- Research local companies: Start by researching property management companies with a strong presence in the Orlando market. Look for companies specializing in your property types, such as single-family homes, condos, or vacation rentals. Vacation rentals come under a different Florida law, Chapt 509, and are considered hotels. The companies that manage short-term rentals don’t need to be licensed brokerages and aren’t subject to the stringent licensing requirements of traditional property management companies. Your home must be licensed as a hotel, and sales and resort tax will be due on all gross rental income. Here’s the link to the state laws governing them http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0500-0599%2F0509%2FSections%2F0509.032.html
- Long-term rentals of 27 weeks or longer are not subject to sales or resort tax and are governed by traditional real estate laws. http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0083/0083PARTIIContentsIndex.html
- When choosing a property management company, ensure they are licensed with the correct authorities. Vacation rentals and management companies only need a business tax license from the local city and or county. Long-term rental companies must be licensed as real estate brokers, here’s the link to our license to give you an idea of what you’re looking for. https://www.myfloridalicense.com/LicenseDetail.asp?SID=&id=1CE366649B25C47DBF311534CED2C5EB
- Decide if you want to be with a small or mid-sized family-owned and operated business or if you would prefer to be with a large corporation.
- Check their reputation: Look for reviews and testimonials from current and past clients to assess the company’s reputation. Look on review sites such as Trustpilot which verify reviewers. Here’s a link to ours https://www.trustpilot.com/review/renterschoicehomes.com. You can also check the Better Business Bureau or do some searches to see if any complaints have been filed against the company.
- Services offered: Evaluate the range of services offered by the company. This may include marketing, tenant screening, rent collection, maintenance, financial reporting, and eviction management. Choose a company that offers a comprehensive suite of services tailored to your needs.
- Marketing strategies: Inquire about the company’s marketing strategies for attracting potential tenants. This should include online and offline channels like social media, real estate websites, and local advertising.
- Tenant screening process: Ask about the company’s tenant screening process, including credit checks, background checks, employment verification, and reference checks. A thorough screening process is essential for finding the best tenants for your property.https://renterschoicehomes.com/tenant-screening-101/
- Communication and responsiveness: Effective communication is vital to a successful working relationship with your property management company. Assess the company’s responsiveness and availability for addressing your questions or concerns.
- Fees and pricing: Request a detailed breakdown of the company’s fee structure, including management fees, leasing fees, and any additional charges. Compare pricing with the services included at no extra cost to ensure you get the best value for your investment.
- Experience and expertise: Consider the company’s experience and expertise in the Orlando market, including their knowledge of local regulations, market trends, and property management best practices. Good questions to ask are how long have they been in business and how experienced are their staff.
- Personal fit: Finally, trust your instincts and choose a company you feel comfortable working with. Trust your gut; it can help ensure a smooth, successful partnership.
By following these tips, you can confidently select the best Orlando home rental company to manage your property and maximize your investment returns while providing a hassle-free experience for you and your tenants. Call us today to find out why our rental homeowners and tenants stay with us year after year! 407-933 2367 or call our UK satellite company at 0161-300-9595 email email@example.com.
Many Orlando home rental companies may have a mix of good and bad reviews. However, a great company will have far more great reviews than poor ones. In addition, they will have reviews from long-standing and new customers, all showing the same consistent service.
Here are a few of our customer reviews that show what an all-around great company this is to work with:
Being using the company for a number of years now both for letting my property and managing the subsquent sale. Fantastic service on both accounts and always mindful of the needs of the owner as well as the renter. Would throughly recommend. – Manish Patel
I cannot rate McCormack Realty & Renters Choice Homes highly enough. Anne-Marie, Nicole, Nick and the team provide excellent customer service, they are friendly, efficient, always ready to answer your questions, advise and assist you. They have managed our property for the last 7 years and I can honestly say you will not find a better company to look after your property. Highly recommended. – Deborah Dickings
McCormack Realty and Renters Choice Homes is fantastic! We have been renting our condo through them for over 5 years, after switching from another rental company. Our prior experience was high management fees with little to no service. The team at Renters Choice takes care of your home like they own it. During hurricane warnings, they send out regular updates. On storms that were confirmed for Orlando, they sent out a request for forward a copy of our insurance policy so they could be proactive if any damage occurred. After damaging storms, they checked on all of the houses within the portfolio. They do a wonderful job of finding great renters who respect the property. Their repair fees are very reasonable. The team also is all about cost avoidance, keeping utilities in their name during times when the property is vacant because of the lower deposit fees. Now that we are selling the property, it has been easy to work with the McCormick Realty company. –Pamela Calderwood
Rented from this company for years and they are really easy to deal with. When my fridge stopped working they had a new better model to me the next day. Later my A/C was blowing hot air. They sent a tech out and it was fixed in no time at all. Many thanks to the gals in office for their quick response. – Alf Clark