Property Management Companies Spring Lake Florida

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Are you a real estate rental property owner in or near Spring Lake Florida? Ask yourself, do you know what your existing property management company is going to charge you next month?

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Welcome to RentVest Property Management’s all new website if you have been looking for a affordable investment property management agency in Spring Lake Florida you have found the right website. Lately the number of property management companies in Spring Lake Florida has bloom

Precisely what do property managers in Spring Lake Florida do? Do you know what Property Managers do? The reality is they perform several functions, with the primary one being collecting rent. rent collection can be a demanding job for most propery owners. The greater number of property they have got to look after, the greater the challenge it is to keep on top of rent collection, however property managers take care of the entire rent collecting process.

Additionally they see about upkeep issues. As an example, they could send someone out to do standard maintenance or provide maintenance services when they are asked for. All you have to do is agree to payments or pre-approve payments ahead of time, that way the property manager won’t need to reach out to you each time fixes is needed.

Finding prospective tenants that will pay their rent on time is yet another thing property managers do. They are able to do credit report checks, take interviews and carry out a indept security check. They understand what to consider with regards to choosing tenants.

Accounting is usually offered with the help provided by property managers. They can maintain correct records, which come in handy when the time comes to file taxes. Bookkeeping is not really a fun task, but it must be done and it has to be done accurately, which is the major reasons property owners propably use property managers.

Employing a Property Management Company in Spring Lake Florida.

Getting a property management company costs money, however it can save you a lot of time. When you have apartments that you own and rent out to renters, whether they are commercial or residential, then you have many things to take care of. If it is only a couple of units, perhaps you can stay on top of all this, however when you get more than a couple, things might get complicated very fast, and having a property manager can turn into a full-time job, which can be that thing you have been seeking to avoid or curently have.

A rental property manager stands between you and the renters, dealing with queries with renters, repair requests, yard work, as well as interviewing and kicking out tenants when necessary. In exchange, the property management firm gets paid a portion of the rent for their time, before giving the balance to your account.

As a property owner, your profit margin drops, however, your schedule is totally free. Also, the best property management services are worth the money considering how they can get rid of problem renters that cost you money, maintain your properties in great condition, and find reliable tenants that decrease your vacancy rates and provide you reliable and steady rental income.

RentVest Property Management rapid expansion as taking many other property management companies in Spring Lake Florida off guard. The truth is that Spring Lake Florida property owners had been looking for a reliable property management firm in Spring Lake Florida for quite a while but he appears that they were not paying attention. RentVest Property Management is the company of chores for many real estate rental property owners throughout Spring Lake Florida and we would like the opportunity to show you what makes us different. Those looking for additional information on the services we offer at RentVestPM.Com we encourage you to visit our blog!

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Creating and Enforcing a Guest Policy at Your Rental Property Means Taking Proactive Measures

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Property managers and landlords have a legal and ethical responsibility to leaseholders. Tenants are screened during the application process before signing a lease agreement for good reason—you need to know who is living on your property. But sometimes a tenants invite visitors to stay in their rental unit for longer than a short visit, and before you know it your property is housing ongoing occupants who haven’t been screened, aren’t paying you rent, and are not legally bound to the terms of a lease agreement.

The key to avoiding guests who overstay their welcome is to be proactive, starting with a clearly defined guest policy included in the lease agreement that spells out, in basic terms, the difference between a tenant and a guest. This may seem unnecessary since most people already understand the distinction, but to protect yourself legally, it’s important to clarify the difference between tenants and visitors.

Tenants vs. Guests

Tenants pay rent to live on your property. Guests visit occasionally, may sleep over during a pre-defined time period, but they do not pay rent, are not listed in the lease, and are not liable for upholding other obligations in the lease agreement.

Your guest policy should include language to cover short-term guests (up to two weeks) and long-term guests if you’re okay with extended visitors for a temporary period of time. Tenants should be required to ask the permission from the property manager or landlord before inviting a long-term guest, and require these visitors to sign a long-term guest agreement.

Communicating openly with your tenants on your guest policy will help you avoid sticky situations that can have complicated legal ramifications. Landlord-tenant laws vary from state to state, so it’s important to understand your state’s guidelines governing tenant guests, notices to quit, rent payments, and tenant-guest definitions.

Put a system in place to monitor activity on your rental property as well. Security cameras can help you keep track of who’s coming and going.  If you suspect a tenant has a long-term guest staying without permission, most jurisdictions allow property managers or landlords to enter a rental unit to check for violations after giving the tenants a minimum of 24 hours’ written notice. Make sure to visit vacant rentals periodically to make sure squatters haven’t moved in.

In order for squatters to take possession of the property, they are required to be living in it for an uninterrupted number of years designated by your jurisdiction.

How to Recognize a Guest who has Taken up Residence

There are ways to spot long-term guests who have taken up residence without your permission:

  • A tenant’s guest appears to have taken up residence without signing a long-term guest agreement and they don’t pay rent. If a long-term guest agrees to pay a portion of the rent and/or utilities each month, you and the guest are entered into an informal landlord-tenant agreement.
  • A guest receiving mail and package delivery at the property signals that they have moved in. Even if the guest spends time elsewhere but regularly receives mail at your property, you can present this as evidence.
  • Nightly sleepover guests lose any claim to the guest designation. Security cameras or noticing their car parked every night at the property can help identify can help you identify “guests” who are actually residents. If parking is included in your lease agreement, you have a record of those vehicles and plate numbers authorized to park on your property. However, frequent daytime-only visitors do qualify as guests.
  • A guest who is spotted moving furniture, a pet, and/or a significant amount of personal belonging into a unit they’re “visiting” is probably taking up residence.
  • Guests who have a key to a unit, regardless of whether they were given a spare key or illegally obtained a duplicate key are more likely living there as tenants than guests.

If you have vacant units, these behaviors could indicate the presence of squatters on your property, which is why it’s so important to check vacant units routinely.  While taking preventative measures in the first place is always the best course of action, if you discover rogue tenants or unauthorized long-term guests at your property it’s important to take swift action to prevent more serious legal issues down the road.

Drafting the Tenant Guest Policy in the Lease Agreement

When you create your tenant guest policy, set specific parameters regarding the following:

  • Maximum number of tenants permitted in the living in the space
  • Relationship of guests to the tenant (e.g. only friends or relatives of the existing tenant to prohibit subletting or Airbnb visitors).
  • Number of guests permitted in a rental unit at one time.
  • Number of consecutive nights a guest can sleep over at the property without long-term guest permission.
  • What measures you will take to deal with guests who overstay the terms of the guest tenant policy, and what penalties will be levied against tenants who violate the policy (e.g., fines or eviction).

Here’s an example of language you can use in your guest policy: Guests may stay on the property for a maximum of 14 days and nights in a six-month period. Any guest residing at the property for more than 14 days in a six-month period will be considered a tenant and will be required to sign a long-term guest agreement or be added to the existing tenant’s lease agreement. The landlord may increase the rent any time a new tenant is added to an existing lease.

As the property manager or landlord, you decide the maximum occupancy of each unit according to your comfort level, whether it’s a one-bedroom or five-bedroom apartment. Remember to check your jurisdiction’s occupancy laws that stipulate how many people can live in a space, based on square footage.

We recommend having your attorney customize your guest agreement and lease in a way that protects your property so you can prevent any issues before they begin instead of simply running with a standard lease agreement.

Any time you sign a new tenant, the most important action you can take is to establish a good landlord-tenant relationship from the start. This way you can review the details of the lease agreement rules with the tenant and explain the consequences of breaching them, making sure the tenant acknowledges that they understand the rules so there they can’t claim later that they were not made aware of any of them. Establishing a good landlord-tenant relationship right off the bat establishes a culture of communication based on mutual understanding.

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