Brevard Property Management & Realty Group, LLC Sales, Rentals & Property Management


PROPERTY MANAGEMENT


Do I need a property manager?

As the owner of a small-scale rental property, you may be on the fence about whether or not to use a property management company. Especially if you've never managed an income property, it can be tempting to assume that property management duties amount to "find tenants, sign lease, receive rent check," along with handling some minor maintenance issues from time to time.

In reality, managing tenant relations, staying on the right side of the law, being on call for any emergencies that come up, staying on top of home maintenance, conducting periodic property inspections, and handling the accounting can be a time-consuming effort.

Professional property managers have developed systems that allow them to manage all of the above with maximum efficiency. Their expertise allows them to prevent problems before they arise, as well as handle any issues that do come up with minimum disruption to your revenue stream.

 

Is property management affordable for rental owners?

Not only is property management affordable, using a property manager can actually increase your property's overall profitability. Most property managers charge a small percentage of your monthly rent in exchange for comprehensive services that range from finding and screening tenants, to handling emergency maintenance, to accounting. 

For what usually amounts to 10% of the monthly rent, you can outsource all of the responsibilities related to managing your rental property. When you weigh that fee against the 10-15 hours per month you'd likely spend managing the property yourself, not to mention being constantly on-call in case of emergency, the tradeoff becomes pretty clear.

You should also consider that property management companies are experts at preventing vacancies and turnover costs, the two factors that can sink your profit margins almost instantly. As the owner of a single-family rental home, keeping your property filled is especially important---your total revenue is likely generated by a single set of tenants.

All we do....

  • Attend to daily telephone, email and fax inquiries
  • Timely rent collection and disbursement
  • Organize for viewings, inspections and repair vendors
  • Write and place advertising in various media
  • Handle tenant complaints and issues, maintenance requests and emergencies
  • Attend to payment of various property expenses
  • Collection of late rent through various legal means
  • Lease enforcement with tenants
  • Hand deliveries of notices to tenants as necessary
  • Attend to correspondence
  • Organize maintenance repairs and quotes
  • Administer rent through the trust account
  • Direct Deposit of rent proceeds to your account
  • Copying/scanning of invoices
  • Initiate legal actions for non-performance and notify tenant of lease violations
  • File evictions “if” necessary
  • Attend court evictions “if” necessary
  • Prepare calendar monthly statements for property owners and collate supporting information for the owner’s statement
  • Prepare annual year end income/expense statements & IRS 1099 forms
  • Liaison with homeowner or condo association, if necessary
  • Organize utilities to be turned on and off when required
  • Conduct annual rent reviews
  • Regular follow-up with maintenance contractors
  • Periodic visual inspections of the property to ensure lease compliance
  • Process notices to vacate or to renew a lease term
  • Liaison with insurance companies when authorized
  • Conduct move-in/move-out walk-thru
  • Lodge security deposit claims (when necessary) in accordance with the Florida Landlord Tenant Laws, F.S. 83.
  • Liaison with and assist other sales/rental brokerage firms
  • Maintain a staff of highly skilled and trained professional property managers who answer the phones to conduct business during normal business hours
  • Maintain a professional office with the latest in technology and property management tools in our industry
  • Constant ongoing training and cutting edge knowledge of our industry
  • The officers and managers of Brevard Property Management & Realty Group, LLC are licensed as Florida Real Estate Brokers. 

 

 

 


 

 

 

 


 

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