Are you trying to find all-inclusive property management services in Lake Nona? Legends Realty’s licensed professionals handle everything, including day-to-day responsibilities. When you utilize our Lake Nona property management team, you receive peace of mind knowing your rental property is in the best hands.
Reasons to Use a Property Manager
A Professional Property Manager has knowledge and expertise in real estate, is licensed in their state, and knows laws that an owner may not; therefore, they are skilled in managing tenant issues on behalf of the owner.
While it may be tempting to forgo paying commissions and manage your rental property yourself, retaining the services of a Professional Property Manager may help you save time and money in the long run. While you may have to pay a percentage of gross monthly rent to a Professional Property Manager, this fee of ten pays for itself in terms of the increased profits that many landlords and investors experience when hiring one. Professional Property Management companies have resources and avast of experience in the real estate field, and know how to maximize rental rates while keeping costs and tenant turnover to a minimum.
Professional Property Managers are constantly analyzing the markets to make sure that you are not underpricing your rentals, ensuring maximum profit.
A large benefit to having a Professional Property Manager to maintain your Lake Nona properties is the freedom of not having to be on call 24/7 as a result of tending to problems that will occasionally come up with tenants and contractors. Since the property management company handles such matters as collecting rents, resolving tenant disputes, negotiating with contractors and vendors and responding to maintenance issues, the landlord no longer has to deal with the endless phone calls, requests, complaints, and other things involved with managing a property.
Knowledge of the Marketplace
Our professional Property Managers are trained professionals who are familiar with comparable Lake Nona properties and what they are renting for. They know what the market demand is as well.
Familiar with Relevant Law
The amount of paperwork and all the issues that must be addressed can be overwhelming. A Property Manager can help you through it all, staying on top of everything that affects your rental property.
Reaching More Tenants
By properly marketing your home, you can reach the most qualified tenants. The experience of a Professional Property Manager in marketing and lease negotiations enables us to find tenants faster and reduce your loss of income from vacancies. When a house is for Rent "By Owner", tenants usually expect a lower price and less scrutiny of their financial history. If you do not properly screen new tenants, you increase your risk of ending up in court trying to recoup past-due rent and other damages.
Less Wasted Time
Trying to show your home to potential tenants can be an inconvenience, and often many of the callers don't actually show up for their appointment. Potential tenants often expect a fast response. If they have to wait to see the house on your schedule, they may lose interest before they ever see it.
A Local Presence
Once your home is rented, your Professional Property Manager will keep an eye on your property while you are away, to ensure that the tenants are taking care of it. Having someone local means that many problems found can be corrected faster.
Professional Property Managers handle both routine repairs and emergencies. They know how to avoid unnecessary repairs and reduce your maintenance expenses. Plus, property managers have a working relationship with contractors, so they know the best contractor for each type of job. In the end, you will save money.
Faster Response and More Complete Information
By using computers to track things such as repairs, rent collection, correspondence, and upcoming events such as property reviews and lease renewals, property managers can provide a faster response to you and your tenants, and keep you better informed. For more information regarding Lake Nona property management, or if you are ready to meet with a Business Developer, please contact us at 407.326.2069.
Property Owners - Please complete the above form for a Free Rental Analysis of your
home. Our office will forward to you all the necessary documents
for your review, will prepare a rental range and one of our Business
Developers will contact you for an appointment to view your property.
We specialize in the areas of Seminole, Orange and West Volusia
counties of Central Florida.
Lake Nona is a 7,000-acre (28 km2) mixed-use planned community within the city limits of Orlando, southeast of Orlando International Airport. Being developed by Lake Nona Property Holdings (owned by Tavistock Group), the Lake Nona Region is home to Lake Nona Golf & Country Club, a life sciences cluster becoming known as Lake Nona's medical city, and an array of retail centers, recreational facilities and residential options.
The community is named for a large lake in the northern part.
Lake Nona Medical City is considered a biomedical research and educational hub since it includes the University of Central Florida College of Nursing and the University of Central Florida College of Dental Medicine, Sanford-Burnham Medical Research Institute, the Orlando Veterans Administration Medical Center, Nemours Children’s Hospital, and a University of Florida Academic and Research Center. In the Lake Nona area, the population has grown from merely 1,500 in 2000 to over 50,000 people in 2015. In just the past 5 years alone, the population increased from roughly 27,000 people, nearly doubling. Some statistics show that by the 2020 census, the Lake Nona area population could be as high as 75,000, while others put the figure more or less around 100,000 strong, with the latter statistic becoming more practical due to the fact that there are nearly 20,000 homes under construction or planned in the Lake Nona area. Most of the newcomers here are very affluent and in the upper middle class, settling for the proximity to Orlando's emerging Medical City in Lake Nona. During the Puerto Rican crisis of 2015, over 15,000 Puerto Ricans called Orlando their new home while about 20% of those settled in the Lake Nona area. Source From Wikipedia
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