Property renting is one of our strongest property management capabilities. It actually starts with the free market analysis. After locating most reasonable rental comparable, our property managers present the proposal to the investor. The homeowner will receive most recent and accurate data, so the potential property income can be estimated. After the approval, our agents will advertise the property throughout more than twenty different websites. Among them are regional MLS and www.milarealty.com. Rental prospects may contact us directly or through the real estate agents. We will set the property showings time and actually meet the potential tenant. When prospect likes the property, she will apply to get approval to become a tenant. Intensive background check, eviction records check, criminal records check, and employment and renting history verification are the part of our rental application process. We do take our time to work with each application because we want to make sure that our tenant selection will minimize any risk to our property owner. Homeowners never pay any application fees because they are compensated by the applications. Our average tenants placement time is 10 days. It may vary due to the property availability, condition, and other negotiations.
Regardless the property occupancy, our property management office will make sure that home is well-maintained. Some homeowners prefer to use the property as second home and not to rent it when they are away. We have in-house maintenance team who does a lot of routine property maintenance. Lawn maintenance and pool maintenance are an example of the services out office provides through the contractors. When tenant reports any maintenance issues, our maintenance team creates a ticket and visits the property immediately to estimate the damage. If the damage caused by tenant, we will still offer the repairs, but at tenants’ cost Most if the repairs, our team can perform at our own at the very affordable rate. Of course, before any repairs are done, we will obtain the property owner approval.
Rent collection cannot be easier. With superb property management technology in use we cut payment processing time up to 70 percent! Our Online property management portal allow tenants to authorize their bank accounts or credit card and then set up a recurring payment schedule. We post rent expense 5 days before it is due. Once the rent is paid, tenants receive a payment confirmation. Owners will see online who and when paid rent and how much was paid. Since we do not for a security deposit, we disburse the rent when the rental month is closed. It takes 2 business days for our merchant services provider to deposit homeowner’s funds into his/her bank account.
Regardless the occupancy status, our property management team conducts rental property inspections at least four times a year. No property management service is complete without visiting property frequently. Most of the homes we manage are signed up for bi-annual AC maintenance. When air conditioning specialist arrives to check the system, he will check pressures, electrical connections, test motor bearings, and clean coils in place if needed. Since our property manager will be there to make sure that maintenance has been completed, he or she will inspect entire property. We will create a report, and in case of any damages we will work with the tenant to fix the issues. The report will be available for the homeowners online. Another two mandatory rental property inspections are scheduled in between AC maintenance appointments. So, property is inspected every three months. In addition, we often conduct drive by inspections. We want to make sure that the landscaping, swimming pool, house structure, house paint, rood, and light fixtures are well maintained. Moreover, we admire the work of our partners – Homeowner Association representatives. They are doing great job and inform us if any issues are noticed during HOA inspections
Negotiations are better with property management company. Just like in real estate transaction where Buyer needs a Broker to negotiate the best deal on purchasing or selling, real estate investor may need a property manager to make sure that the best rates will be provided for the property repairs. It may include savings on labor, material, and time. Consider the case when investor just purchased a distressed property. Often, to sell or rent the property, the repairs are needed. Obviously, property maintenance is costly. To safe money and headache, it is recommended to seek for property management Kissimmee FL and maintenance provider. Normally, experienced property manager has established team of subcontractors. Among them are plumbers, electricians, flooring techs, painters, roofers, and general contractors. Because of the volume of work, property managers receive large discounts from contractors on repairs and from vendors on materials. For example, one can purchase an exterior paint for four bedrooms single family home sized less than 2000 sf. for more than $1300. However, the same paint, from the same Kissimmee store can be sold for as little as $500 to licensed property management company.
These feature starts with renters insurance. We have to enforce a tenant liability insurance requirement across our properties with Renters Insurance Plus. This Lease Insurance Program is fully integrated with our property management software, so it makes enrollment easy for tenants. Renter insurance provides $100,000 in liability insurance and $10,000 in personal property. When it’s time to renew the lease, we will do it for FREE if tenants stay. In general, our tenants stay for 3 years. When tenants move, we finalize our relationships with conduction a move- out inspection and getting property ready for its new tenants.
Our property management accounting software makes bookkeeping complete and accurate. Now you can track every charge, payment, deposit, and refund. Can you only imagine that we are capable to generate more than 50 financial reports. This includes balance sheets, income statements, and cash flow statements, among others. Now you can finally save some time to your accountant. Most importantly, that all these services and more are included in 8% management fee. No one is better than us. Guaranteed!