For decades South Florida, particularly Fort Lauderdale and Palm Beach Counties East of I-95, has been an ideal locale for residents to lease. The area boasts warm temperatures year-round, countless water activities and burgeoning urban areas. All this in a very tight rental market with few available units and even fewer fully renovated properties.
Property investors who purchase single-family or multifamily residence in Fort Lauderdale may want to consider hiring a property management team. Whether you just purchased an investment property or have been managing your property yourself, it can be a particularly time consuming and frustrating endeavor. Especially if you live outside the South Florida area.
Let our expert property management team eliminate the headaches and handle everything for you as our investor.
Our properties are rented quickly due to proper pricing relative to condition combined with an extensive marketing plan for each property. Online is king in today’s marketplace and that is a major focus with advertising your property. Florida is one of the fastest growing states. In fact Florida just surpassed New York as the third most populous state in the USA. With this rapidly growing population, online advertising is the best way to reach these potential tenants.
In addition, there are signs posted on the property and surrounding areas. Our experts work with the hiring and relocation departments of major employers in the area, colleges, etc. Our Broward County property management team will also list your rental on the Multiple Listing Service, which makes it accessible to all South Florida real estate agents. Your property will be marketed on every channel available in order to get your home rented quickly.
Our leasing agent will show your property, get a completed application and conduct an extensive screening of the applicant. Screenings include credit check, eviction and criminal background check, rental history and employment verification. All the screening information will be submitted to you the owner for a final decision. We make sure all the legal documents (lease, addendums, move in packet, etc.) are signed and monies owed are received prior to releasing keys and possession.
The Restore 818 property management division maintains all current and outstanding charges for tenants, maintenance history and expenses, 1099 tax forms and provides detailed accounting. Month and YTD reports are available online 24/7, as well as vendor invoices, lease docs and management agreements.
Rents are processed efficiently and in most cases we can guarantee it to the owner by the 15th of the month. In the event that a tenant does not pay on time, our legal actions to collect rent or evict the tenant will proceed promptly and accurately. In cases where additional legal knowledge or representation is necessary, we have attorneys available 24 hours a day who specialize in the area of landlord/tenant law, evictions and collections.
Upkeep of your investment is paramount to maintaining the value of your investment and happy tenants. As investors ourselves we understand the danger that deferred maintenance holds. Our pool of handymen and other professional service personnel are on call to fix any problems that arise. Any repair over $100 will require owner’s prior approval. Emergency maintenance calls are handled on a 24/7 in order to ensure the safety and well-being of the property and the tenant. Our Superintendent constantly interacts with tenants to ensure a good landlord/tenant relationship.
The number one form of protection is conducting inspections during the term of the lease. The second is actually performing those inspections. We conduct monthly drive-by’s of your property for any issues that present a red flag. Aside from the monthly drive-by’s, we perform routine interior inspections of each property and furnish a report with pictures to each owner. Regular inspections are critical to protecting your investment especially in properties which Restore 818 has performed a full rehab for the owner.
There are never any fees charged up front and we do not charge while the property is vacant. Once your tenant moves in, we charge 1/2 of one months rent and a small percentage of the rent is the monthly management fee. We ask owners to fund a $500.00 reserve account for any recurring or anticipated expenses associated with your home (e.g. hot water heater goes out, plumbing issues…)