Residential Management
As a homeowner, one of the most challenging tasks is taking care of tenants’ needs and making sure they pay on time. We offer top-notch Florida property management that can help you manage your rental property without any hassles. Our professionals enable us to control everything, including contracts, maintenance, and late fees that may be a little overwhelming for you to take care of by yourself.
We have the best professionals who are experts in the field and have the experience to handle your investments. We offer various services, including setting up the basic form to provide the multiple benefits and advice you need to increase the return on investment. We also make sure to set the correct rent prices and find tenants worth your time and also help with the eviction process if needed.
Steps We Follow
We follow a few steps to offer you smooth and efficient services in Central Florida for property management. While we lay down some of these steps in a specific order, sometimes we deal with certain actions non-sequentially depending on the property specifics that you provide.
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Buy And Repair
The first step we follow to help manage your rental property is to buy the property and offer good repair services. If you already have a property that we can list for renting, we make it our duty to make the required changes and repairs if the property is in rentable condition.
We help offer you the required advice in buying the right investment property and help repair the property to increase its profitability.
Rent Your Property
The next step we follow is renting out the property to the new tenants who meet your requirements. Our rental management company offers the required advertising for your property to help you get the additional exposure necessary to attract more and more tenants to your property. Not only do we use specific common sites, but we also offer area-specific publications. We know that just finding tenants is not enough, and you need to find good tenants who will respect your property and follow the rules. We follow strict regulations to screen the tenants and individually interview them by following fair housing rules.
Before choosing a tenant for your property, we also confirm their employment location and their annual incomes. We also conduct credit and background checks and find the required information about them by calling their references and former landlords. Hiring us helps you get the third-party tenant screening services that allow analyzing the gathered information to find the best tenants.
The next step we follow is writing and reviewing the rental contract with the crucial details, including rental payment timings, eviction procedures, maintenance details, and home rules. We also make sure to go through the rental agreement with the tenant before they sign the deal. This helps to clarify the information in the contract. Finally, we carry out a walkthrough to help you document the various details of the property to not have to face any disagreements with your tenants regarding damages and various other issues.
Collect Rent
As the top rental management company, the essential duty is to collect the rent from the tenants. We generally use electronic rent collection services to ensure that the rent is paid swiftly and on time.
In several cases, we also raise the rent due to the rising costs in the area; we work through the process by disclosing the possibility of rent increase to your tenants and work with them to continue to stay in the property with the new rates.
We also inform late fees for late rental payments and also make sure to make them aware of the possibility of eviction if they continue to pay late. We are sympathetic with the tenants when required, but when the tenants begin to delay their payment serially, we work through eviction. We offer a clear policy with relevant sections of the rental contract to reference the late fees that help ensure that they don’t continue to rent the property if they can’t afford them.
Accounting
As one of the top property management companies in Florida, we are familiar with the amount of taxes and the other accounting pieces of information related to your property. We offer you the required reports to make sure that the process is not complicated for you. Our expert accountants help maximize the deductions and ensure clear records, and they also keep thorough records of the money spent on maintenance and other essential property upkeep. We always provide the required expenses to cover taxes and additional fees.
Bill Payments
We make sure that the tenants make the required bill payments that include legal bills associated with the property’s operational activities that provide for taxes, utilities, inspections, and management fees.
Set Prices And Expectations
The next step we follow as one of the top property management companies in Florida is setting prices and controlling your rental property so that it is ready to be rented out. Setting up the rental costs and expectations is an essential step for finding the best tenants. The step we follow to set the prices is carrying out extensive market research in the area. Before placing the prices, we make sure to research the average rental prices of the site and the available rental properties based on your unique requirements. We consider specific points that include finding out the average income of the area, the average family sizes, and the average rental prices that help create a budget that increases the possibilities of renting out the property and increasing your returns. We also keep in regard to extra facilities that can help add profitability, taking into account other rentals and steady rates helps to price your rental property appropriately.
In addition to deciding on the monthly rent, we also help determine the various requirements that a tenant may have while shoplifting into your property. We create a picture of an ideal tenant in our mind according to your needs and begin to advertise your property to help to increase the chances of finding the perfect tenants. We consider a few characteristics, including the tenant’s minimum income, whether they are smokers or non-smokers, their employment requirements, their minimum credit scores, and past rental history.
Check And Maintain
Once the tenants move into your property, we make sure to carry out regular checks and maintenance proceedings. We act as the middlemen between you and the tenants and help to resolve the issues for you. We believe in offering maximum customer satisfaction and thus provide rental walkthroughs that can help you gain the perfect insight. Our professionals make it their duty to visit the tenants at their property to ensure that everything works well for them and provide an open communication process. This also helps to check out the state of the property and to offer you valuable reports.
We also carry out regular maintenance and are tied up with the best real estate maintenance companies that help with various issues, including pumping, fixing light fixtures, and offering the required services to any problems that may pop up. We also schedule regular checks to check the various devices like AC units, water heaters, and many more.
We also help to provide 24 hours of emergency services in case of any extensive repair requirements that include large pipe bursts or storms that may lead to extensive damage to the property. In case of significant repairs, we also offer to move your tenants for a short period and offer them housing facilities for any time they have already made payments.
Eviction
We keep this as a last resort, but we help to evict the tenants in case the need arises. We follow a step-up-step process for the eviction by filing for the removal and going through the entire court process. We give them an official notice that includes how long they have before breaking their lease agreement and file the eviction with the court in case the terms are not met.
Day-To-Day Tenant Relations
We work as a point of contact between you and the tenants and address their issues and complaints. We make sure that your tenants are treated fairly and concerning ensure a long-term relationship with them. We also provide to carry out the required maintenance and address the concerns on a timely basis to ensure that they are happy staying at the property.
Financial Reporting
We believe in offering you monthly and annual financial reports that help reflect the gross rent proceeds, the net profits, and the operational costs of the property. In addition, we prepare the required statements on an annual basis and offer you comprehensive reports to help you know the annual earnings from the property.
Hiring us in Florida for residential property management can help you have various benefits that include getting the required suggestions on buying a property, repairing the property, finding the right tenants, and ensuring timely rent payments. We also offer you extensive financing reports.