Property management

Florida Property Management
In Florida a good deal of homes are bought with the idea of renting them out (short or long term) to help offset costs. A good rental agent can help you immensely in this area.

The pages listed in the area Real Estate sections, under property management; list local Agents or companies who specialize in these areas.
Ask your agent if his company has a rental department and get the name of the agent.
Important to know: Ask the rental agent-or firm the following-
• The percentage the Broker keeps for rentals. (short term-long term) For more specifics on rentals see the Investment link for your area.
• How the cleaning fees work.
• What about maintenance---do they have handy men?
• What if a hurricane is approaching-who will button up the home.
• What about major repairs-AC-plumbing-electrical-who are the vendors they use.
• What kind of checks do they do with prospective tenants---Long term (credit checks-references etc)
• Short term-deposits.
• Make sure you create a pet policy (allowed or not and if so –how much pet deposit)
• What are the local zoning laws re rentals (VERY Important)
• When do you get you money (generally paid at a specific time each month)
• What about cancelations (last minute etc) what is their policy.
• How will they promote the property (Web site-flyers)
• Ask for references!

These are just a few things you need to know about. ) For more specifics on rentals see the Investment link information for your area.

In conclusion, some companies and especially Rental agents are very good at both renting the property out and follow through with both the owners and with prospective renters. It is a good idea to ask for references and then do follow them up. Ask the home owners, how good their rental agent is about communicating with them( among other things.) Finding the right rental agent is extremely important to your interests.

Ask lots of questions. This is your investment

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