Florida Property Management Services

We Offer Two Different Annual Management Programs:

 

  1. Our Exclusive Right to Lease Non-management agreement: Realty Executives secures the Owner a Tenant and then "walks away." We show your property, take pictures and advertise, credit check, prepare a residential lease and terms, complete any community paperwork (approvals,transfers) collect any community fees. Collect all move-in monies, turn over unit keys and make sure that tenants move-in is handled as efficiently as possible. In this program after all paperwork and fee transfers are completed, we then hand over to the owner-the tenant and any deposits to be held by lessor in a Florida bank account. Our fee for these services is one month's owner and tenant agreed monthly rental charge. We take our fee monies collected from the tenant's monies paid.
  2. Our Exclusive Rental Management Agreement: We will do all of the above services, instead of handing over deposits to owner, we hold the deposits as well as manage owner - tenant relations, orchestrate repairs with owner (and tenant if applicable). The fee for this service is 15% of monthly rental charge taken out of each month's rent. Owner net rent checks are sent to owner's home address.

Additional Management Agreement Services

 

Rent Collection

All rent is due on the 1st of each month and is considered late after the 5th. A late fee will be assessed after this date. If rent is unpaid by the 8th tenants are contacted, if still unpaid by the 10th late notices will be sent. After this if tenant has not made satisfactory arrangements for payment legal action will be taken. All late fees are retained by management to help cover the tremendous time and energy involved in collections; we do not charge you additional fees for collections, posting eviction notices, court filings, etc.

 

 

Accounting

Here at Realty Executives we will collect your rent and disperse it in a timely manner, at the end of the calendar year we will issue you a 1099.
All work orders and bills are kept on file throughout the year, copies of any bills are sent to you with your monthly owner net check.

 

Vacancies

We make every effort to keep your property occupied, since vacancies are expensive for both of us. We have a large network of clients looking for rental properties at all times. Our central location in the heart of Estero gives us quick access to surrounding communities and the possibility for walk-ins. Our rental department carefully monitors lease expiration dates, 45 days prior to the expiration date we send out an expiration of lease notice. This notice gives the tenants the option to renew for another year, sign a month to month agreement or vacate the property. The tenant is required to give us 30 days notice prior to vacating, this gives us time to inspect the property, advertise, and set up showings. When the tenant vacated a thorough inspection will be done and the security deposit will be returned if there are no damages. Inspections are done when tenant vacates and keys have been turned in.

Security Deposits

The security deposit will be the same as one month rent; all deposits are collected prior to the tenants move-in. Tenants with pets will require an additional pet deposit, the terms of this deposit are up to the owner. However pet deposits are usually $250 refundable if there are no damages. All deposits are kept in a special escrow account in Florida until the either are refunded after checkout inspection or dispersed to cover property damage, or lease violations.

Insurance

We recommend for homeowners: In addition to normal homeowners insurance to have a landlord's rental dwelling policy with proper liability coverage. For tenants we recommend renters insurance.

*For more information on any of these policies please speak to one of our agents.

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