NO! There are MANY rental management companies in South Florida. But they are NOT all the same! When the real estate market peaks, or hits a downturn... all of a sudden more and more Property Management Companies pop up. They need to the extra revenue so they decide to manage properties. Be careful who you entrust to manage your investment!
Effective property management isn't about the company you hire. It's about how much experience and competency your property manager has! The more experience, the more apt they are at seeing potential pitfalls and steering their landlords/tenants clear of them! They know how to save their landlords money. They have excellent communication and perception skills in dealing with tenants and issues. They are excellent problem solvers, and they always have their landlord's ROI and investment success at the forefront.
Beware of big warehouse management companies. Many of our accounts come from landlords fleeing from them!
Why? They hire "managers" that don't know the law, have no experience, aren't competent and don't know how to problem solve effectively. They've never owned their own rental properties or managed their own tenants. They end up costing landlords BIG MONEY needlessly.
Ask prospective Rental Property Management Companies...
Do they issue the IRS-mandated 1099s?
Will they give you 24/7 online access to your account and records?
Will they give you monthly income/expense statements?
How many properties do they manage?
How long have they managed residential rental properties?
What are their monthly fees? Renewal fees? Hidden fees?
Do they add a hidden fee/percentage to your repair bills?
Do they have a network of reliable handymen/professionals to give the best rates?
Do they watch and analyze your expenses v your ROI?
Are they actively helping you keep your property in top marketable condition?
Have they managed evictions?
Have they managed large re-roof projects or properties with septics, pools?
Make sure your property manager has the experience and knowledge needed to successfully manage YOUR investment property.
Don't want to manage your own property?
We are committed to finding and screening for the very best tenants we can find for your property. We have a solid, proven track record for finding great tenants in the shortest amount of time, delivering great customer service so they want to renew.
We offer the best monthly property management services in town! We provide screening/background checks, work with associations, collect rents, coordinate repairs and rent-ready projects, handle tenant requests, deal with lease violations, handle security deposit claims, provide cumulative monthly statements, more!
Hire experienced professionals and treat your rental property as your business! Request a Rental Market Analysis and Proposal to include our fees and an outline of our services. Need advice? We've been doing this a long time... we'll give you pointers on how you can save money, great tax deductions like Home Protection Plans, what Landlord Insurance policies are (and why you need them!. And learn about common rental problems, loan modifications, pets & leases, common landlord forms, and security deposits (the Landlord/Tenant Act).
TOP LANDLORD / RENTAL ISSUES
Security Deposits, Pets, Early Termination, Subleasing, Eviction
Late Rent, Extra tenants not on lease, Liability, Mold
Lead Based Paint, Current Rental Market Values
Cost of Monthly Management
Cost for Filling a Vacancy
Landlord Insurance, Renter's Insurance
Preparing the Lease