Property Management Blog

How to Screen Tenants the Right Way in Boca Raton – Property Management Tips

System - Monday, August 14, 2017
Knowing how to find a good tenant is an important part of being a successful landlord. Knowing how to avoid bad tenants is just as important. A lot of times, if you have a property that’s been vacant for a while, you just want to find a tenant as soon as possible because your empty property is costing you money. It’s tempting to want to put the first person who comes by into that home. However, there is a lot of value in properly screening applicants. Today, we’re talking about how to screen tenants.

Property Management Boca Raton: Background Checks

You’re looking for a tenant who can pay rent and has a good history of taking care of properties and not leaving any damage behind. So, when you’re screening someone, the first step is to run a background credit and criminal check. You want to make sure there isn’t a criminal record or a history of getting evicted. If you find an eviction history, there’s a good chance that it will happen with your property, too.

Property Management Boca Raton: Income Requirements

Next, you need to check the income of potential applicants. Make sure they have stable jobs and income that matches your requirements for the rental property. Some people want a tenant who earns three times the rent or even as much as five times. Regardless of your standards, make sure you implement them consistently when screening tenants.

Property Management Boca Raton: References

Tenants do give you references on the application, and you should take the time to call everyone. By really talking to previous landlords or employers, you get a chance to find out more about the tenant and what type of person you may be renting to. You can find out their history in other rental properties. They might pay on time, but if landlords tell you the property was always messy and uncared for, you may not want that tenant in your property.

Do a complete screening and you’ll end up with a great tenant. If you ever have any questions about how to do a tenant screening, or you need help with the process, please reach out to us. You can contact us at Domu Property Management for any of your Boca Raton property management needs.

3 Reasons to Find a Good Property Management Company in Boca Raton, FL

System - Monday, July 31, 2017

If you’re not sure how to find a good property management company, talk to different managers about what they will do to help you be a more successful landlord. Today, we’re sharing three reasons that you should work with a professional. These are the qualities of a good property manager, and you’ll have a far better experience when you work with someone who reflects them.

Property Management Boca Raton: Time

Hiring a property management company will save you a lot of time. Many people say they would like to invest in real estate, but they are concerned about the amount of time it will take to actively manage the property. They know that dealing with tenants can be difficult, and taking care of maintenance issues and requests can be inconvenient. When you’re working with a professional management company, your manager will take care of everything, including tenant relationships and the maintenance of your property.

Property Management Boca Raton: Market Knowledge

Professional property managers have better knowledge of the local rental market. One of the biggest mistakes that investors and property owners make is to overvalue or undervalue the property. This will result in losing money. If you overvalue your home, it will be vacant for longer because you won’t have a tenant willing to pay the rent you’re asking. If you undervalue it, you’ll be earning less than you could if it was priced properly.

Property Management Boca Raton: Leasing

A better leasing process is another benefit of working with a good management company. We are experts in screening and doing background checks on tenants. This means you get a high quality tenant and you face a lower chance of going through an eviction, which is costly and time consuming. You won’t have to worry about missed payments. With a professional manager, you lower the risk of putting a bad tenant or a problem tenant in your rental property. 
If you have any questions about how to find a good property manager or anything pertaining to Boca Raton property management, please contact us at Domu Property Management.

Why Owners Trust Domu Property Management in Boca Raton, Florida

System - Monday, July 17, 2017

At Domu Property Management, we have been in the business of real estate investing and property management for nine years. Today, we’re talking about why owners and investors trust us with their rental properties.

Personal Management Experience

I started as an investor myself. I have a portfolio of rental units, and I could never find the right property management company to take care of them. Any time I asked questions, I never felt entirely satisfied with the answers. So, I started managing my own properties. I began to dial into all the processes and procedures that are required to successfully operate rental properties. I learned what it would take to have well-managed properties occupied by high quality tenants who don’t damage the home and who pay rent on time.

Property Management Boca Raton

After successfully managing my own investment properties, I quickly got the attention of other local investors. They began asking me to manage their properties, and so I started doing that. Now, we are in the business of helping people buy, sell, and manage their investments. We know the local market very well, and we can help people at any stage of their investment careers. We are knowledgeable, experienced, and able to help rental properties perform better.

Vendor Relationships

We also have great relationships with vendors who have been vetted by personal experience. Every vendor we use for the properties we manage is a vendor we have used on our own properties. We look at your properties as if they are our properties. Any issues or concerns are dealt with affordably and efficiently. This has been the main difference between us and a lot of other property management companies in the area.

If you have any questions about Boca Raton property management or the services we provide, please contact us at Domu Property Management.

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