There’s no denying that owning a Miami Rental Property is a great way to earn passive income on a monthly basis (if you hire a property manager) but the reality is that for those owners who end up becoming DIY landlords, there are several things that they end up disliking about being a landlord.

#1 – Being the Bad Guy

Nobody likes being the “bad guy”, especially landlords, but the reality is that when you’re a landlord, you will eventually have to enforce your lease, deal with tenants who don’t pay their rents on time and possibly move forward with an eviction.

#2 – Lies

Every landlord (not just DIY landlords) dislikes dealing with tenants who tell lies. This is by far one of the worst parts of dealing with tenants because lies only make a landlord job a lot harder.

#3 – No Real-Time for A Break

Yes, the property may be running well but the truth is that for the DIY landlord, they really never have time for a “mental break” because they are always thinking about their property regarding what it needs and planning for the future with their property instead of being able to enjoy the cash flow from their rental

#4 – Aftermath from Evictions

Let’s be clear, landlords don’t like evicting tenants but what can be even worse is the aftermath from eviction when a tenant leaves their belongings behind or trashes the property on the way out.

#5 – Lease Enforcement

As we stated earlier, part of being labeled the “bad guy” also has a lot to do with lease enforcement. Some tenants may not like to follow the rules and will break their leases, when these situations occur, it’s the landlord’s job to enforce their lease especially if they want to continue receiving consistent cash flow from their investment property.

At Miami Property Management we specialize in full-service property management and can save you the time, money and hassle of managing your rental property yourself.

Some of the services that we can offer you include:

• Rent collection
• Property marketing
• Maintenance
• Customer service
• Accounting
• Tenant selection and placement

Contact Miami Property Management

To learn more about the property management services that we can offer you, contact us today by calling (305) 428-3904 or click here to connect with us online.