Can you put the money directly into my account?
Yes. With the completed authorizations we can deposit funds directly into your account via REVOPAY.
Do I get to see the lease or sign it?
Yes. The official lease, once generated by the attorney, will be sent to you by email so you can review it and E-sign. A sample copy can be found on our website for you to review.
Do you pay all the bills?
We will make monthly bill payments for the property (paid for by the property owner) as long as we have the funds to do so. Pool, Lawn, HOA payments, Utilities, etc. can be set up to be paid through EXPERT Property management.
Do you sell real estate too?
Yes, EXPERT Property Management is a branch of RE/MAX EXPERTS, we primarily focus on Property Management. As a branch we have an excellent partnership with our sales agents and can refer you to one of our partner agents to make sure your property is taken care of in the best possible way. Whether you are looking to invest, buy or sell.
Do you work with Section 8?
No, we are not currently set up for Section 8. We do not believe the Section 8 program provides enough of an advantage, to outweigh the risk. We have found that a quality self-paying tenant with a security deposit in place, is much more likely to properly maintain the property and pay on time. See our “SECTION 8 FAQ Document” under Owner Documents.
How and when do I get my checks?
Reports and net rent proceeds are sent out no later than the 10th day of the month. Rent proceeds may be sent either by paper check or by direct deposit into an account designated by the owner through REVOPAY.
How do I terminate my current manager?
Please refer to your management agreement with your current manager. We would be happy to advise you on the legal requirements as outlined in FLORIDA STATUTES CHAPTER 83 PART II, “FLORIDA RESIDENTIAL LANDLORD AND TENANT ACT.” But, we cannot interfere with an active management agreement between you and another party.
How is rent collection handled?
There are multiple options for our tenants to make their rental payments. Payments can be made online with a checking account, in person or by mail to our office, having their accounts drafted through our online REVOPAY system. We do not go to the home to collect rent. Late payments are not tolerated as there is no excuse.
How long of a lease do you sign?
One to Two years. Depending on the Owner’s situation, HOA covenants, and the tenant, the lease term is negotiable. Our minimum lease period is one year and maximum is 2 years. Our attorney advises against a longer than 2 year lease because of its difficulty to enforce.
How much security deposit do you charge the tenant?
The minimum security deposit shall be equal to one month’s rent. Additional deposit may be required based on a tenant’s credit and pets.
How soon can you start managing my property?
If you are not currently involved with a licensed management firm we can start immediately. Please call our office and we can mail, fax, or email the entire package including the management agreement. If you have a manager currently, you will need to discontinue their services before we would be able to manage the property for you.
It doesn’t look like your rent price analysis will be enough to cover my expenses, what do we do?
We set the rent price, but the market dictates it. Our rental research is based on currently marketed rentals and previously leased property. We show you what the market is paying for your home. You can ask any price you want, but you need to keep in mind your average tenant doesn’t really care what you need, how much you paid for the property, or what your mortgage payment is. A tenant is looking for the best property, at the best price, and what meets their needs and budget. Like anything else, if a tenant can get the same thing cheaper around the corner, then that’s where they’ll go. Our goal is to get the most rent that the market will allow. We can list the property for a slightly higher rent than the market dictates, with an agreement to lower the price after specific time period until the property rents.
What is the term of the management agreement?
Management agreements are signed for a 6-month term and continue for the life of the tenant placed on the property.
What services do you provide?
We do everything required to maintain the property and provide you with the greatest return on your investment. We offer a Full-Service Management or Tenant Placement Only.
What type of properties do you manage?
We focus primarily on mid-level to high-end rental properties. We do not manage large complexes or “parks.” This range of properties provide the highest return on investment for owners and attract quality tenants.
What type of reports do I get and how often?
An Owner’s Statement is provided once a month. It includes a cash flow, receivable summary, and any invoices for expenses incurred in the given report month. Reports are sent out with check no later than the 10th day of the month following the month of rent.
Who holds the tenant security deposit?
EXPERT Property management shall collect security deposits in connection with the rental of the property in amounts equal to one month’s rent or greater. Funds are held in a non-interest bearing escrow account.