How do you determine market rent?

We use several methods to determine the current market value of your Florida real estate. Our brokers have been in the sales and leasing business for decades and have a current pulse to the market of your condo or home. In addition to renting and leasing property for many years we use the historic data base of the Multiple Listing Service or MLS.  The database records all rentals and sales that take place on a day to day basis in your community.  Additionally several other rental specific websites, about 30, host day to day current “For Rent” offerings.  By comparing your home’s ammonites, condition, and location we factor competing units to determine the current market value for your residential real estate.  And finally we keep in mind the time of year the unit is going on the market. For example vacancies in December would be priced aggressively as compared to vacant units in the prime of Summer season.  Call us today to speak with a real estate broker to help you determine the current market value and viability of your real estate investment. Orlando Rentals Property Management Company Long Term Leasing Rental Agent Florida

Call and ask to set up a telephone meeting with our real estate broker 407-370-0822

How do we process late and timely payments?

The qualified tenant is instructed to mail rents directly into the management company. We then deliver the rents to the owner’s Florida rental bank account usually by direct deposit, unless otherwise instructed. You, as the property owner, can look online each month and see your timely deposits.

Late Rents – After phoning and emailing all occupants of a property, we serve a legal notice called a 3 Day Notice to Pay Rent or Vacate.  We serve it on the 2nd day after the lease permitted grace period.

If a late or absence of payment occurs we will communicate with the tenant and then serve a legal notice to demand payment of rent. If needed, we can contact an attorney on your behalf to coordinate the eviction process.

Leases are renewed yearly, unless you instruct otherwise. Upon renewal the tenant will be re-evaluated and contracted again. Renewals are based on timely rental payments and a physical condition evaluation of the property.  Our goal is to protect and preserve the value of your Florida real estate.

 

How do you deal with repairs ?

Compliant, licensed, and experienced professional contractors are key. We have vetted each compliant licensed contractors who provide our office their insurance and license information to record before they are ever allowed to work on any project in a home we manage.  We do this to reduce risk and liability.

Repairs are ordered on an a la-cart basis. Small jobs are done by our licensed & insured staff large ones are subcontracted by outside reputable vendors. Small repairs are taken care of with your consent. Emergency repairs are automatically addressed up to $500 via credit card on file. Any repair above the $500 would require a written approval from you.

 

Large repairs would require prior written permission from you following an estimate. Generally, the contractor is directly paid the property owner.

Preventive maintenance service is offered at a reasonable cost during different Florida seasons. For example, exterior painting, house pressure cleaning to remove mildew, insect prevention, air conditioner coil cleaning, yearly window cleaning, and many other services focused on protecting your real estate investment. Preventative maintenance is optional and all services are tax deductible. Orlando Rentals Property Management Company Long Term Leasing Rental Agent Florida

Do you offer explanations of costs ?

Communication is Key.  Once we determine a service or repair is needed our office property manager will contact you by email and telephone. Estimate of repairs can be sent to you by fax, email or over the phone. Once we have your approval we resolve the issue. We never charge for any unaccounted services. All repairs are invoiced and sent to you by email for your accounting purposes and ACH from your rental account or card on file. We are available to discuss your concerns daily.

How do you deal with vacant homes?

 Staying proactive is the best protection for vacant homes. Communication is key; Community Associations and neighbors have our office and after hours contact information. An unoccupied home can become problematic.  We do a regular visit by inspecting unoccupied units which includes flushing of toilets, checking smoke detector batteries, changing of air filters, checks for water leaks or break-ins. Our goal is to protect and preserve the value of your home.  We do this by offering a preventive maintenance service.

Preventive maintenance service is offered at a reasonable cost during different Florida seasons. For example, exterior painting, house pressure cleaning to remove mildew, insect prevention, air conditioner coil cleaning, yearly window cleaning, and many other services focused on protecting your real estate investment. Preventative maintenance is optional and all services are tax deductible.

Management Liability Insurance ?

 Liability insurance is designed to offer specific protection against third party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made, the insurance carrier has the duty (and right) to defend the insured. The legal costs of a defense normally do not affect policy limits unless the policy expressly states otherwise; this default rule is useful because defense costs tend to soar when cases go to trial.

http-enwikipediaorg/wiki/Liability_insurance

Our existing liability property management insurance policy is 1,000,000