property management tagged posts

Ethics Standards for Investment Property Managers

Ethics Standards for Investment Property ManagersFinding the right space for your business can be a massive undertaking. There are many details to consider including the size, location, and cost of your potential office or storefront. Once you’ve finally found the perfect location, you shouldn’t have to worry whether the property manager will treat you fairly. Unfortunately, not all experiences with property managers are the same. A tense situation can add unnecessary stress.

A property manager’s job includes making sure repairs are completed promptly and the building stays up to code. They will keep your information confidential and look out for your best interest. When trying to determine if you will be working with an ethical property manager, there are several questions you can ask in addition to requesting references.

The National Association of Residential Property Managers (NARPM) has outlined a clear code of ethics for property managers. We’re highlighting several sections below to help further explain the roles and boundaries expected of all property managers.

Ethics Standards for Investment Property Managers

Look Out for Client’s Best Interest

In addition to keeping the property maintained, a property manager is a primary communicator between the landlord and tenant. You might wonder who the property manager will advocate for if a difference of opinion develops.

The NARPM is clear that a Realtor’s code of ethics extends to all real-estate related roles including managing a property. This means that an ethical real estate agent will treat all parties honestly even though their obligation is first to their client. You can always trust communications you receive are truthful and accurate.

Confidentiality

An ethical property manager will uphold the law as it applies to confidentiality. This confidentiality will continue after the business relationship ends. The NARPM ethics code highlights two ways confidentiality applies. First, a client’s confidential information cannot be disclosed. Secondly, the client’s confidential information cannot be used against them to the client’s disadvantage.

Confidentiality does not extend to conceal a criminal act or when compelled by a court.

Due Diligence to Protect Funds

An ethical property manager will protect the finances of the properties to the best of their ability. This does not mean they will meet the financial difference for an unpaid bill. You can expect that money is reserved for upkeep and repairs as needed and that a paper trail recording rental payments are easily obtainable.

Clear Contracts

Another aspect of the code of ethics states that a property manager will ensure that all parties understand the contract presented. You should expect that all your questions regarding your lease are answered before you are asked to sign.

One of the best ways to ensure you are partnering with an ethical property manager is to choose a corporation established in your area with an excellent reputation. Since 1996, All Brevard Property Management has been representing commercial and residential property managers and tenants with fair and ethical property management services. Contact us to learn more about our services and how our experienced property management team can help you.

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Brevard County Florida is a Great Place to Own an Investment Property

Brevard County FL A Great Place to own Investment Property

Florida is known as a popular tourist destination because of its sunny beaches and family-friendly theme parks. But tourism isn’t the only thing it has going for it. Floridians enjoy a high quality of life due to the affordability, pleasant weather, and varied activities that are available. Brevard County is located just east of Orlando along the Space Coast. If you’re interested in investment property, Brevard County is a great location for a few key reasons.

Ideally Located

Brevard County is in close proximity to Orlando and all its family fun making it a great place to raise a family. Equally appealing are the fantastic beaches that are enjoyed nearly year-round. The convenience of this location translates to more jobs, more people renting, and an overall higher quality of life for residents.

Local Activities

Brevard County offers activities for families that allow for a fun day out while staying close to home. The Brevard Zoo, riverboat tours, parks and the Foosnar Art museum are all great places to explore. Whether visiting or renting long-term the culture of Brevard County is varied and full.

The Next Big Tech Hub

Thanks to the Kennedy Space Center and the nearby Cape Canaveral air force base, the two locations where NASA launches manned spaceflights, Brevard County is quickly becoming a center for cutting-edge science and technology that rivals even Silicon Valley in California. Many young people with science and engineering degrees move to Brevard County for work, making it a great area to rent out property.

These are just a few of the things that make Brevard County a great choice for your real estate investment property. Any time you invest in property it pays to have the experts on your side, and at All Brevard Property Management, we will take the work out of owning a rental property. You can contact us anytime to learn more about our property management services and how we can help you with your investment property.

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Residential Property Management: Saying Yes or No to Pets

residential property management with petsThere are a few decisions to be made with residential property management. Finding just the right tenants for your property can sometimes be a difficult task. One question that many owners face is whether or not they should allow pets. Allowing pets can attract a wider group of potential tenants. There are a few risks that come with allowing pets, but there are also steps your property management team can take to minimize potential issues.

An Educated Decision

It’s important to take a survey of each property first. Determine what kind of pet is appropriate for each property. If you have a large yard with a fence, a dog will be safe and contained. However, if the property has a small outdoor area or a yard with no fence, allowing a cat may be a better option.

You’ll also want to consider the amount of carpet in the home or apartment. Obviously, tile and wood floors are better for removing evidence of the presence of pets, but claws can scratch some wood floors. Another important consideration should be the neighbors of your property. In an effort to be considerate to neighbors, you will want to make sure that a quiet environment is maintained.

Cover All The Bases

Including a pet policy and pet deposit in the rental agreement is essential for effective property management. The policy should outline the expectations of both parties and assign responsibility. Most commonly, this agreement gives the pet owner the responsibility for any costs that are related to the pet. You may want to place a limit on the number of pets allowed. Also, this agreement may include conditions that need to be met upon vacating the property such as a thorough cleaning of carpets and upholstery. You may want to consider taking pictures of the property before renters move in. If there is a dispute regarding whether or not damage occurred while the pet was occupying the property, these photos can be used for reference.

If you are feeling unsure about renting your property on your own, a property management company can assist you. A professional property management agency will have the skills and knowledge to help both owners and tenants meet their goals. That includes creating a rental agreement with a pet policy.

When it comes to property management on the Space Coast of Florida, look no further than All Brevard Property Management. If you’re in need of real estate or property management services in Brevard County, including Merritt Island, Rockledge, Melbourne, Suntree, Viera, Palm Bay, Satellite Beach, Indialantic and Melbourne Beach, we have you covered.

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Why a Property Management Company Is a Real Estate Investor’s Best Friend

Property Management Company Brevard County, FLSometimes there aren’t enough hours in the day to do it all. If you are a real estate investor, you probably know this all too well, especially if you own several rental properties. With all the responsibilities that come with owning and renting out multiple properties, it can be very overwhelming at times. This is where a property management company can be your best friend and allow you to focus on other areas of your business, or to just have a normal life outside of business.

What A Property Management Company Can Do For You

  • Collect rent. A property manager will collect rent from your tenants for you, saving you time. The management company will deal with renters who are behind on their payments and assess late fees. Rent and any other fees collected are then deposited into your account.
  • Handle legal matters. Having to go to court to evict a tenant or seek restitution for damage to your property is time-consuming. A property management company will handle all the legal paperwork and act as your representative in court. They will also take care of creating and enforcing lease agreements.
  • Arrange repairs. Do you want phone calls in the middle of the night from a tenant when something breaks? A management company will field these calls for you and ensure that repairs are made in a timely manner. They often have a vetted group of contractors to call for repairs. This saves you the hassle of trying to find a plumber, electrician or handyman at a moment’s notice.

There are many benefits to hiring a property management company. They can oversee your properties and help you maintain better control over your real estate investments. It can be a cost-effective approach to maintaining your properties and cut down on the time you would spend if you did everything yourself.

Contact us at All Brevard Property Management to learn more about our property management services in Brevard County, FL.

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5 Benefits of Hiring a Property Management Company

property managementOwning rental properties can be a huge nightmare if you aren’t prepared for all of the responsibilities and obligations. Hiring a property management company is a cost-effective and time-efficient way to handle your property management needs. Below are some of the main responsibilities of a property manager.

Rent Collection

A property management company will collect the rent and make sure that reminder notices are sent out to individuals who fall behind in their payments. They will collect late fees as well as any other charges that may apply and deposit them into an account.

Takes Care of Repairs

Management companies will also take care of any repairs that need to be made to rental properties. Most companies have a list of plumbers, electricians or repairmen they can contact when repairs are needed. The work is performed in a timely fashion and the repairs are paid for out of an account that has been established for that purpose.

Assists with Legal Matters

Property management teams also handle any legal matters involving rental properties. This includes eviction notices, rental and lease agreements and filing suit when the property has been damaged by renters. The property manager for each unit is responsible for making sure all legal notices are filed in a timely fashion and ensuring that all cases are followed through to completion.

Solicits New Tenants

When vacancies occur, a property management company will advertise the opening and work with prospective tenants to finalize the legal paperwork needed to get them moved into the property.

Communicates with Tenants

Tenants work directly with the property management company for any issues they may have. A property manager is assigned to each property and will work with the tenants at the location when it comes to collecting the rent, ordering repairs and making sure the property is in excellent condition. The property manager also relays any concerns to the owner of the property and takes any action that they deem necessary.

Property managers handle all of the responsibilities associated with owning any type of rental property. Hiring the right company will put your mind at ease and allow you to focus on other parts of your life. Take a look at the services we offer. If you’re searching for a property management company in Brevard County, FL, contact us to see how All Brevard Property Management can assist with your property management needs.

 

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