Having the support of a solid and reliable company that handles your investment in Florida is of vital importance. Knowing that by being present they will be able to respond immediately to the needs or emergencies of the tenants. The administrator can respond in case of repairs, maintenance or any eventual emergency.
What is the role of a property management company?
- The role of property management is to coordinate and manage all the details of the property including:
- Manage payments: insurance, mortgages, utilities, taxes, maintenance fees.
- Coordination of professional maintenance services: repairs, cleaning, etc.
- Present monthly financial reports and coordinate with the accountant assigned for tax returns and profit and loss results.
- Management of insurance estimates against floods, claims, third parties, etc.
- Logistical management of the rent: collection, monitoring, selection of possible tenants, sending certified notifications, payment reminders or contract expiration and supervision of legal eviction if necessary.
What is the monthly cost of this service?
The cost for this service is approximately 10% of the value of the monthly rent.
