Property Management Frequently Asked Questions headline
Text: Florida Management Associates, Inc. Florida Management Associates, Inc. Logo

Got Questions? Here are Answers to the Most Frequent Queries:

 

1.  What will a property manager do for me?

  • Act as the agent for the owner
  • Prepare your property for renting
  • Inspect the property before, during and after a lease term
  • Market the property
  • Make the property available for prospective tenants to view
  • Receive applications and screen applicants
  • Coordinate lease signings and renewals
  • Maintain the property
  • Provide administrative and financial property management
  • Correspond with owners and tenants

 

2.  How much are property management fees?

A property management company will get your property ready for showing, interview applicants, collect rents, make repairs and help with any necessary evictions. Typically, you are charged a flat fee per month or a percentage of the monthly gross rent for these services. In most cases the fee is 10% of revenue. Other fees can include an initial setup fee, lease renewal fee, early cancellation of contract, advertising costs and costs for any necessary repair work.

 

3.  What are the most common mistakes made by investment property owners?

  • Purchasing a property in poor condition. Even though the purchase price may be attractive, repairs and upgrades to make it attractive to a tenant can quickly consume the money saved on the “bargain.”

 

  • Requesting too high a rent. Most tenants in the market have a pretty good idea of what a fair rent is. The time you wait trying to rent the property can eat up the difference in charging a fair rent and too high a rent in a hurry.

 

  • Not addressing tenant concerns quickly. The rental market is competitive, and tenants in the area talk with each other. Failure to respond to concerns in a timely manner can lead to a search for a better situation.

 

4.  Who handles middle-of-the-night phone calls?

We do. And then we handle the problem. We are on call to handle problems at your property 24/7.

 

5.  How am I kept informed about the status of my property?

As the property manager, we provide you with monthly reports providing financial and maintenance status of your property. You are kep totally informed about what’s going on with your investment.

Got More Questions? Call Us at 850-893-7650.

Florida Management Associates, Inc. Logo
Text: Florida Management Associates, Inc.

1353 E. Lafayette St.

Tallahassee, FL 32301

Hours:  M-F 9:00 a.m. – 5:00 p.m.

Contact Us:

Telephone:  850-893-7650

Fax:  850-893-0203

E-Mail:  info@flamgt.com

 

©  2017 Florida Management Associates Inc.

Property Management Frequently Asked Questions headline
Text: Florida Management Associates, Inc.
Property Management Frequently Asked Questions headline
Text: Florida Management Associates, Inc. Florida Management Associates, Inc. Logo
Florida Management Associates, Inc. Logo
Text: Florida Management Associates, Inc.
Property Management Frequently Asked Questions headline
Text: Florida Management Associates, Inc. Florida Management Associates, Inc. Logo
Text: Florida Management Associates, Inc.
Property Management Frequently Asked Questions headline
Text: Florida Management Associates, Inc. Florida Management Associates, Inc. Logo
Florida Management Associates, Inc. Logo