Davidson Realty, Inc.

Top 10 Concerns When Renting Your Property

March 28, 2011

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Posted by in Rentals

Managing rental property is easy, even I can do it! Or can you? Legally you as an owner can manage your own rental property and save the management fees, but is this the best decision? Here are the top 10 concerns or situations to think about.

1. Who will prepare the lease? An attorney may charge you $100 or more to prepare it. You, of course, can use the services of a Property Management Company to secure a tenant for you. They will do this for a fee, which will include the lease.

2. If you do not use a Property Management Company to get the tenant then how will you “check them out?”

3. In the event the tenants don’t pay the rent on time or at all, can you “chase” them for it? Do you know the procedures and the Florida Laws for eviction?

4. If the rent is late you will be the one to confront the tenants for the late fees.

5. If you are managing the property, the tenant has access to you 24/7. Do you want to be contacted at all hours for even the most minor repairs?

6. What happens when a repair is really needed? Do you have a list of craftsman that you have investigated as to their competency, response time and fairness of fees? Read more

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Renting Your Home: The Right Questions to Ask

January 21, 2011

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Posted by in Rentals

Elsie EvansImagine you are living in your dream house. You and your family had it designed and built specifically for the way you live – and you love it! Then it happens. Your supervisor calls you into his office. No, you are not laid off…but they need you to take a temporary assignment out of state. It will only be for two years. How can you say no?

But what will you do with your home? You could leave it vacant, but the rental income would really help the family. And, of course, it is better to have the house lived in rather than have all the systems dormant for so long. However, this is your dream home and you don’t want just anyone to be taking care of it… We may have an answer for you! Hire a professional, competent and caring property management company.

Now the question becomes how do you find such a property management company in North Florida? We recommend you interview several by asking them the following 10 questions:

1. How long have you been in business?
2. What experience does your staff have?
3. How many properties do you manage?
4. What kind of tenant screening do you do?
5. What kind and how many inspections do you do?
6. Are any of the inspections inside the property?
7. How do you market your properties?
8. What are your procedures for distributing funds to owners?
9. How do you handle repairs?
10. How much do you charge for your services?

Keep interviewing until you find a company that makes you feel comfortable. Since they will be protecting your most valuable asset, you need to find someone you can trust. To save time, you may want to start with a call to Elsie Evans at Davidson Property Management. Elsie’s phone number is 904.484.2170. We think she is the best in the business!

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