We offer a full range of property management services tailored to you as an investor, homeowner, or landlord.
Understand what it means to be a landlordResidential real estate generally provides three possible ways to obtain a return on your investment: when it's sold, assuming it has grown in value, by collecting rent and through tax savings, such as the mortgage interest deduction. If you elect to buy a property for the long-term investment potential, the goal should be to ensure that the rental income covers the cost of your mortgage along with your monthly maintenance costs. Should you purchased a foreclosure home remember to factor in any possible repair costs incurred when discussing the rental amount with your property manager. Lastly, if you have a mortgage on the property be prepared to cover this costs should you experience any down time in tenant residency (the key is to find a qualified tenant, just as quickly as possible).
Use a competent management firmYou need to determine whether you want to select the tenant and handle property issues or hire a competent management company to do it. If you take on the responsibilities of managing your own property, you are obliged to fix any problems (leaky faucets, broken furnace, broken A/C, broken refrigerator, etc.) or to find professionals to do it. You must be prepared to do all of the work on your weekends or evenings and to get calls while you're at work. If a pipe burst and it's flooding, you will need to respond quickly. Property management firms charge a percentage of the rent, sometimes 10 percent or more. Hiring a property management company makes sense if your rental property is not in the same city where you live.
Screen Tenants ThoroughlyOnce your rental starts drawing inquiries, you must screen prospective tenants by asking for previous landlord references along with running a credit check and a criminal background check. It is also wise to obtain a deposit equal to one month's rent, plus extra if the tenant has pets. This will help cover damages to the property and protects you if a tenant moves without paying the rent. Also, it is a good idea to have a walkthrough of the unit with the tenant and ask them to sign off on the condition of the property before they move in. This will help avoid conflicts over the security deposit if there are damages once they're ready to move out. If you hire a competent management company, they are responsible for all these tasks.
Calculate your returnAlthough the "market" tends to dictate what you can charge for rental rates, getting the best return on your investment starts with making sure you're going to get enough rent to cover your expenses. It is a good idea to charge something higher than the monthly mortgage and maintenance costs. If the mortgage and maintenance costs add up to $1,000, you will want to charge a reasonable amount over this to help turn a profit and to absorb any costs for unforeseen maintenance. Also, you might have to be flexible in the rental rate because you don't want your unit sitting empty for a long period of time. It is critical to get your home rented to a qualified tenant just as quickly as possible.
Buy in an Area with a history of strong rental demandNeighborhoods near universities and businesses usually are a good option for long-term rentals. For homes in residential areas, proximity to schools can be a good draw for families. Condominiums and similar properties in communities with a homeowners' association can be a great option because the association arranges for upkeep on the property. But, it is critical to review the fine print on your homeowners' association (HOA) rules to make sure turning your property into a long-term rental property is allowed. If you're going to buy a foreclosure, be prepared to compete with other investors, many of them paying in cash. And, because many foreclosures require upgrades and repairs, expect that it will take longer until you start generating rental income.
Prompt and polite customer serviceOur friendly and courteous representatives handle tenant and property issues efficiently and in a professional manner. Our residential property managers are licensed real estate agents with professional designations and have a great deal of experience and knowledge in managing single family and multi-family homes. We have team members available to handle hundreds of tenant inquiries each month and our property managers are trained in the art of showing properties and pre-qualifying prospective renters. Our office operates during normal business hours 7 days a week plus our maintenance staff is always available or on-call for after hour emergencies.
Full property management servicesIn order to lease our homes just as quickly as possible, our marketing services include aggressive advertising, MLS listing, quality photographs, and attractive for-rent signs when possible. To ensure we qualify our tenants properly, we'll perform a credit check and eviction check along with an employment and residency verification. After, we find the right tenant, we'll perform a full lease preparation along with documented move-in inspection and will perform rent collection and deposits, managing tenant relations, recurring inspections, maintenance repairs and legal co-ordination, if necessary.
At Global, we pride ourselves in offering high quality Kissimmee/Orlando vacation home rentals at affordable prices.
We believe that real estate is one of the greatest investment opportunities and should be a significant part of everyone's financial picture. Most people start with their primary residence and we strongly believe it should not stop there. The key to real estate investing for most people is leverage. For example, if you invest $50,000 in the stock market, you typically get the return on the $50,000 in stock value. If you invest $50,000 in real estate, you can leverage a $500,000 property. So a 10% return on your stock investment brings you $5,000 versus your real estate investment which is $50,000.Search Rentals
Regina SalgadoProperty Manager
Russ KraftGeneral Manager
Olga KohrtMaintenance Coordinator
Patti DavisRent Collection Specialist