Property Management/Realty Company Needed-recomendations please? (real estate, leasing, eviction)

[ajandjj2000]

My family and I have been trying to sell our home in St. Johns county for over 6 months and we are now interested in leasing it or doing a lease to purchase option. However, we are going to need a property manager/realty company to help us since we are located out of state. We have been overwhelmed by the number of companies that show up when we search yellowpages.com, google, etc. If any of you have recomendations please let me know.

Thanks!

[riveree]

I really don't know of any property management companies to recommend, but if I bring this post to the top maybe someone else will see it who does.

To do a lease to purchase/rent to own, you'd need a real estate attorney to draft something up. Rent to own can get sticky because if they fail to pay, you need to go through the eviction process which will be difficult to do from a distance. Rent to owns have a high rate of failure too.

My personal stance is don't rent your home unless you want to be a landlord. It is not easy being a landlord and it is fraught with risk and heartache (I know of what I speak ). It's much better to drop the price of your home to the point where it is 'a deal' for someone and be done with it.

Just my 2 cents .

[David in JAX]

Originally Posted by riveree

My personal stance is don't rent your home unless you want to be a landlord. It is not easy being a landlord and it is fraught with risk and heartache (I know of what I speak ). It's much better to drop the price of your home to the point where it is 'a deal' for someone and be done with it.

I agree completely. Being a landlord (I also know from experience) is much more difficult than people think. There is actually a very slim profit margin for a relatively new property and most people end up losing money. The vacancy rate in JAX is rising quickly due to overbuilding, so it is getting more and more difficult to find qualified renters. I would also suggest just lowering your price and getting rid of the property. Housing prices are expected to keep falling for the next several years in this area so selling now is much better than waiting out the market and losing money by renting.