Posted on 5/2/2021

Florida property management: the best long-term Investments for your Fort Myers rental

Rental properties are a great way to earn extra income. When you list your Florida property with a management company like Grand Welcome, we take some of the burdens off your shoulders so you can enjoy all the benefits and less of the headaches that come with owning a rental property. To get top dollar on your Fort Myers rental, there are some long-term investments you can and should make.

1. Install Solar Panels.

By installing solar panels on your rental property, you can make money even when you have no guests. Your home is still producing energy, and you can sell this energy back to the grid.

2. Upgrade to Energy-Efficient Appliances.

Switch out old appliances for ones that are rated energy efficient. This will allow you to keep more of your earned income because you have to spend less on utilities. 

3. Switch to Low-Flow Water Features.

Just like newer appliances, low-flow water features like showerheads and toilets can save you money in the long run by reducing your water bill. Also, as interest in more eco-friendly practices continues to grow, your rental property will draw more attention with features like this.

4. Consider Higher-End Materials during Renovations.

When renovating your kitchen or bathroom, go with higher-end products like durable flooring, new cabinets, marble or granite countertops, and luxury tile. By spending a little bit more, you can attract renters willing to pay more, which means more money in your pocket. These types of materials also last longer, so you wonât have to replace them as often.

5. Install the Best Wi-Fi Possible.

With so many people booking workcations, you want to make sure you have the fastest Wi-Fi network possible. This means buying a package that includes speeds of one to three megabits per second. You also want Wi-Fi that can support streaming movies or TV shows.

6. List with a Comprehensive Management Program.

One of the best long-term investments you can make with your rental property is listing your property with a management program like ours. We take some of the guesswork out of deciding on a listing price with pricing analysis. Youâll have access to housekeeping and maintenance services, as well as marketing campaigns to attract renters.

Make the Most of Your Fort Myers Rental

Vacation rentals are an easy way to generate extra income when done correctly. You want to be sure you are making the investment decisions thatâll have the most significant impact when deciding on a listing price. Learn how the knowledgeable team at Grand Welcome can help you navigate owning a rental property by calling 1-888-870-0102.
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