Central Florida Property Management can offer the following five services to landowners.
1) Investment Property Management: Investment property management is a method of ownership in which an investment company owns and manages real estate to provide income, increase equity and/or capital appreciation.
2) Commercial Property Management: Individual that manages the building, grounds, and/or leasing for properties such as office buildings or larger multi-unit rental properties. It is different from commercial leasing in that the manager may be responsible for finding tenants, accounting, budgeting, and other operational duties associated with owning commercial property.
3) Residential Property Management: Residential property management is the process of renting or leasing a residential property.
4) Property Management Company: The service provided by any company that manages real estate properties for its clients.
5) Full-Service Property Management: A residential property management that provides comprehensive services to owners of investment properties. Their services may include collecting rent and utilities, finding suitable tenants, screening applicants for tenancy, lease preparation, and signing. They also manage tenant relations during occupancy, arrange maintenance tasks as needed throughout the year, oversee budgets and financial forecasting for tax purposes and prepare annual reports at the end of each fiscal year (December 31).
Before hiring Central Florida Property Management services, do the following checks:
- Check the State of Florida Division of Real Estate website to ensure that the firm is properly licensed as a property management company.
- Check out their Better Business Bureau rating and reports from previous clients or those who have been burned by this or other local property management companies.
- Before hiring Central Florida Property Management services, ask for proof of insurance, which should include liability coverage to protect you against claims involving personal injury and property damage, workers compensation coverage which pays medical expenses and lost wages for employees injured on the job, unemployment insurance if laid off by your company due to no fault of your own, and bonding protection to make sure the Central Florida Property Management properly manages your investment properties.
In conclusion, Central Florida Property Management services offer the following five services: investment property management, commercial property management, residential property management, a property management company, and full-service property management. Before hiring Central Florida Property Management Services for your investment properties, do the checks mentioned above, so you make sure that the property management company will be suitable for your needs and your property is in good hands.
