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Once you engage me in the management of your property the first item in my agenda is a full evaluation of the current condition of your investment. Several factors are considered in this analysis:
I take all noticeable factors in consideration to report on the issues that threaten the productivity of your investment property and safety of occupants as follows:
Side by side good vs bad condition
Noticeable issues that present safety concerns and health hazards are usually top priority as they represent a risk of liability exposure.
Age and Condition
One important factor in determining the extent of my engagement in your property day to day needs is the property’s age and condition. A 5 year old property, with newer appliances, plumbing and electrical, will require less time to manage than a 25 year old property where wear and tear and some maintenance issues may have been postponed or overlooked.
Any apparent maintenance issue will be brought to your attention. These left unattended may turn into hefty repair bills, or be grounds for violation fees from local government authorities, and HOA or Condominiums The proper upkeep of any property is in great part responsible for increasing the future value and its rental income potential even beyond that of its peers.
Market evaluation only applies to rental properties, and the type of evaluation depends on each property’s occupancy.
It is Simple, if your rental property is currently occupied, running comparable will reveal if the rent is above or below market. In this case if necessary, I will recommend changes upon current lease expiration.
If the rental property is vacant, using the comparable along with strategic Property Conditioning and Budgeting will ensure your property is coveted above all comps while still being competitive.
With every Property Analysis I include recommendations when necessary based on 3 variables. I will meet with you to go over them and determine how to proceed
My aim is to maximize investment property performance by making adjustments in areas that can be improved.
As budget allows, I will assist in planning and implementing my recommendations over the short and long term.
Legal exposure related to Occupancy Fitness issues (safety concerns and health hazards) will have to be addressed as we begin working together in order for me to be able to manage your property.
I review all records kept on your property in order to make recommendations and to open your property account and files.
I take a close look at the financial records of your property for accurate record keeping and benchmark its performance level against similar properties.
Current Tenant Records
If your property is currently occupied or has been tenant occupied during the past year, I will need existing records to register tenant and property beginning balances in the system.
I will review existing/past tenant application, security deposits, payment history, late payments and lease violations
Current Manager Records
Service request, property repairs, financial reports, insurance policies, will tell me how the investment has been managed and will be helpful when making recommendations if necessary.
Current Maintenance Records
Reviewing maintenance records gives me a better picture all maintenance services you currently have working in your propertyns
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¿What We do for our South Florida Property Owners & Investors?
We make their life easier with regards to MATT N & A REALTY & MANAGEMENT rental property ownership because...
Property Accounting & Reporting
Financial Summary and Reporting
Regular financial summaries are provided monthly or as required by the client. Reports include but are not limited to: Cash Flow, Cash Flow for any 12-month period, Cash Flow Comparison where Owner wants to compare portfolio performance. In addition, Expense and Income Reporting and well as work requested are available and provided monthly.
Advertising Your Rental Property
Marketing Your Property for Rent
As soon as we know when your property will be available, we start the marketing process. Our process includes learning all about your property by measuring the rooms, taking photographs and writing scripts for highlight videos about your property. These videos will be available on our website for prospective tenants to see the property if they are unable to visit the property. Properties from our website are syndicated out to many popular websites such as Zillow, Realtor.com, Hotpads.com.
Tenant Screening & Coordination
Tenant Screening and Background Checks
Prospective tenants will be screened to determine if they have the ability to pay, proof of employment or adequate funds to pay the rent. Past landlord verification and criminal background checks are also conducted as part of the screening process and then all information is compiled to look at the applicant in a weighted process. Leasing information from past landlords will be verified whenever possible.
We coordinate with the tenant anytime property needs to be shown for business purposes.
Maintenance & Repairs
We hire licensed and insured people to clean, paint or make repairs when necessary and answer phone call from tenant 24/7 and handle emergencies. Any work needed will be done by a licensed contractor. MATT N & A REALTY & MANAGEMENT has vetted all the contractors normally needed for repairs at your property and have proof of general liability and well as worker’s compensation insurance for any contractor used. We are licensed property managers and do not perform any maintenance. We leave that to the experts. Tenant safety and satisfaction are a priority.
Leasing Services and Renewals
We provide leasing services for any Owner than wants to self-manage his/her property and keep track of when those leases would need to be renewed. We also offer. As part of our property management services where the owner isn’t self-managing, we evaluate the market 60 days prior to lease renewal and adjust the rent price based on market conditions and owner desires. Move in and Move out walk through inspections are documented on video.
Rent Collection & Bill Pay
We report and collect the rent and provide a conduit between tenant and owner for problem resolution whenever possible. We pay all bills associated with the property at the Owner’s direction.
Rent collection services are provided to make it easy for a tenant to pay his/her rent. Options for online payments are available for 24/7 access. Tenants can also drop their payments off at our office.
Regular property inspections are performed by licensed inspectors twice a year to determine if any problems exist. Early detection of water leaks, HVAC, or pest control problems can save hundreds of dollars. Photographs document the condition at the time of the inspection. In addition, walk through evaluations are accomplished at lease renewal. Note: Property Managers are not allowed to perform “inspections” unless licensed as a Property Inspector, so any observations at the property and more of a property management evaluation which requires no license.
Eviction Process & Late Payments
Rent payments are due on the 1st of each month and considered late thereafter. We allow 2 days of grace before charging the late fee and beginning the eviction process. On the 4th of the month, the Ex-Official Constable is hired to serve the 5-day pay or quit notice on each tenant in default. The response from tenant determines what happens next. If the tenant pays, all is well, no further action needed. If tenant doesn’t pay, manager files for summary eviction with the court and obtains order for locking out tenant.
THINK IT’S EXPENSIVE HIRING A PROFESSIONAL PROPERTY MANAGEMENT COMPANY? THINK AGAIN.
Let us help you maximize your investment by setting up best price and finding you the best tenants. We will save you money in places that you won’t think about. Our asset protection plan takes care of your investment and gives you peace of mind. We think of everything so you don’t have to. We respond to all tenant concerns and solve problems they may have.
Find out how much rent you can get for your investment and get your free rental analysis in minutes!
ALL YOUR PROPERTY NEEDS IN ONE PLACE
Let us help you maximize your investment by setting up best price and finding you the best tenants.
We have specific, discreet programs designed to help you stay in control of your rental property.
Maintenance & Inspection Services
We offer these services to you with the hope of saving money long term by catching small problems before they create bigger problems.
Why You Should Hire MATT N & A REALTY & MANAGEMENT
A lot goes into managing a rental property. Have you considered it all? We think of everything, so you don’t have to.