property manager - Orlando and Clermont Real Estate

There are property managers and there are real estate agents… it’s sometimes rare to find both. However, the state of Florida in order to be a professional property manager you need to have your real estate license and more than simply an agent’s license, you need to have your broker’s license. These agents also need to have a Community Association Manager requirement. Estate agents don’t always have to be a property manager but if you plan on the property manager you have to have your real estate license as well. It might be confusing but this is where using a real estate agent that also has their license and practices real estate not just only property management can really come in handy.

The difference between property managers and real estate agents.

A real estate agent lists property and shows perspective buyers property and facilitates the transaction for them. The basic job is to bring buyers and sellers together through negotiations and agreed to purchase the property. The agent must work exclusively to the laws and regulations of their particular state and county and follow certain governing procedures.

Property managers are responsible for keeping owners and tenants satisfied and together with the condition of the property that they own or rent. They work for the owner but they are also responsible for the needs of the tenants. This job involves maintaining the unit and grounds as well as arranging any repairs, screening new tenants and handling deposits and payments of rent.

Real estate agents earn a commission on properties that have listed and sold and is typically a one-time commission. Management fees are monthly and property managers typically between 7% and 10% commission on the rental payments each month. Estate agents get paid once for the commission once the transaction is completed.

Although real estate licenses typically allow agents and property managers to work anywhere in the state of Florida the common specialize in specific types of property. Agents may work for broker handling office buildings, commercial properties, single-family homes, vacant land or lots or even condominiums. Property managers do a wide range of jobs including hiring staff, maintaining cleanliness on the grounds, frequent showings and checkups, screening tenants and submitting credit applications, advertising and handling all of the payments to the owner from the tenant.

Why Both?

Using a real estate agent that is not just a property manager but also deals with real estate is a great option because if it comes time to buy or sell a property you already have an agent ready to go. I’ve dealt with many homeowners that have chosen to rent their property for certain amount of time and then sell that property to either the tenant or an outside buyer. The nice thing is that I already understand the property, have been working with the owner for some time and am familiar with how to sell and market the property to potential buyers as the tenant chooses not to purchase the home.

If you’d like more information on my property management services and whether or not using my real estate services in the future would work for you please contact me now. I’m happy to discuss options and either set up your property for management services for marketing.

Keep your property rented.

Property Manager for Your Clermont Lakefront Home

If you live outside of the area or perhaps even the state, it can be difficult to maintain and manage your own rental property. This is where a property manager comes into play. Not only do they seek out and find the best tenant for your needs but they keep the property rented. A property manager will collect the rents, keep the renters accountable for payments and if they move out find another renter as quickly as possible. This takes the burden off of your shoulders and keeps the property rented. A property that is vacant for long periods of time can be an eyesore to potential renters.

A property manager maintains the property.

The best way to get a property rented is to show it well. If the property does not look clean, touched up, organized and uncluttered, most tenants will simply drive on by. Good property managers will make sure that the property is rent ready my fixing up the landscaping, correcting damage and sprucing up the curb appeal in the inside as much is possible.

Property managers manage more than just the renter.

Property managers do a lot of tasks behind the scenes including reporting, accounting, profit and loss statements, balance sheets and rent rolls and monthly property summaries. This helps property owners understand what’s being spent, how it’s being spent and if they are earning cash flow each month.

What to look for in a property manager

When seeking out a property manager don’t want to make sure that they have reliable vendors who are licensed and bonded to take care of any damage or repairs that are needed. Double check that invoices are clearly marked. Good property managers conduct spot checks on properties to make sure work has been completed in the property is being maintained. Ask for some referrals and references and talk to the vendors to see what their report is with the property manager. Property managers focus on preventative maintenance and understand customer service, landlord-tenant laws, maintenance terminology and how to handle an emergency.

When you find a great property manager they are worth their weight in gold. If you’re looking for property managers throughout the Orlando area please contact my office today. I’d be happy to conducted over the phone consultation about your rental property and I’d be happy to meet with you anytime.

Property Manager Who is Also a Real Estate Agent