Investment Property Management Company in Groveland Florida

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If you are a real estate investor in Groveland Florida looking for a professional rental property manager give RentVestPM.Con a call!

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You can be searching for Property Manager near Fort Worth, Texas or Property Management Company near Davenport, FL a lot of rental property owners will concur that you take into consideration us. With more than thirty thousand tenants and over than three thousand owners in our network across twelve markets RentVest is dependable property management firm in Groveland Florida! that has your back. Whether you have one investment property or six if have contracted a property manager in the past you may know by now that not all rental property management company is the same.

Benefits Of Hiring A Good Investment Property Manager in Groveland Florida

In case you are someone that is participating in or considering purchasing property, you have made a good decision. But, managing property can be a time consuming job. It is certainly not a laid-back investment. That is unless you use a property manager. Below, we will be discussing a few of the pros of hiring an investment property manager for your investment property in Groveland Florida.

  1. Save Time: Maybe the greatest benefit that comes with employing a property management company to manage your investment property concerns the amount of time that you will save. As mentioned, managing rental property could be a full time job. All things considered, you will end up responsible for choosing tenants, collecting rent, and also landlord duties. As an alternative to having to think about all this, you can simply outsource the management of your property to an experienced property manager in Groveland Florida to free up time you could spend doing other things.
  1. Leverage Their Experience: One other benefit that exist from employing a property magement company for your investment property would be the ability to benefit from their experience. By employing a property manager in Groveland Florida that may be local to the investment property, you should be able to get tailored and expert consultancy to make your property much more alluring to renters. Along with this, they will be able to more effectively market your property inside the local area which may keep your property bringing in your money-flow.
  2. Screening for Renters: The next best benefit gained from hiring an experienced manager for the property is being able to hire someone who has exposure to looking for tenants. This is especially valid if you are searching to have long term tenants. You should properly screen your potential tenants to ensure that you can easily hire a boarder who is not likely to leave your premises damaged and they can make on-time payments. Having a skilled manager handle this for you personally can certainly help lessen the risk connected with your rental property.

Ultimately, hiring an experienced property management company for your investment property can be a wonderful way to help make your investment a much less hands-on investment which could clear up time as well as help save the strain of daily management functions. When it is all said and done it is important to ask everything of concern during the interview process. Or better yet, if you have done your research before the interview. If you have more questions, please, take a look our blog. There you‘ll find blogs addressing topics like property management qualifications and benefits associated with hiring an investment property manager in Groveland Florida, but better yet contact us…

Blog Post of Interest to Those looking for Property Management Company in Groveland Florida

ADA Compliance: Investment Property Management Tips for Compliance with the Americans with Disabilities Act (ADA)

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The Americans With Disabilities Act (ADA), is a civil rights law that prohibits discrimination based on disability. The ADA requires covered employers to provide reasonable accommodations to employees with disabilities and imposes accessibility requirements on public accommodations. It can also be an investment property management issue.

The ADA Standards establish design requirements for the construction and alteration of facilities to accommodate wheelchairs, which is subject to the law. These enforceable standards apply to places of public accommodation, commercial facilities, and state and local government facilities.  Apartment and residential communities that were constructed both before and after the ADA was enacted in 1990 are required to provide disabled access to all public areas, including rental offices, event spaces, and public restrooms. An ADA apartment must also be easy to enter and exit, particularly for people who use a wheelchair.

ADA Protection

The ADA protects people with disabilities. Disability is a broad term that covers a wide range of conditions, some of which are visible and others are hidden. By law, property managers may not ask about the exact nature of a person’s disability, but ADA Standards require it to be a physical or mental disorder that substantially limits life activities.

Among the disabilities covered under the ADA are:

  •  Mental illness
  •  Visual impairment
  •  Mobility impairment
  •  Noncontagious diseases

In 2016, an estimated 12.8  percent of Americans were reported with disabilities. Disabled people may have trouble caring for themselves or performing manual tasks. Ambulatory disabilities, which affect a person’s mobility including walking, are the most common types of disabilities in the U.S. Ambulatory disabilities affect more than 6.6 percent of the population. Other types of disorders covered under the ADA include some affect a person’s ability to concentrate, disorders that affect a person’s ability to communicate, and others that impede social interaction.

Reasonable Accommodation

Reasonable accommodation refers to the rules, policies, practices or living environment under the Fair Housing Act (FHA) that accommodates someone with a disability and does not create an undue hardship for the investment property management team. The goal of the reasonable accommodation clause is to provide tenants with the ability to experience the full benefits of living in the community.

An example of who benefits from the right to a reasonable accommodation is someone who owns a service dog that by law cannot be refused to entry to a no-pet apartment community by a landlord or property manager. Another example, if a disabled apartment resident who is restricted to a wheelchair lives in a building with laundry facilities are strictly for tenants only, the disabled tenant may ask for accommodations to allow a friend or family member inside to help with their laundry.

When a tenant requests a reasonable accommodation in a rental property, the apartment manager is allowed to require verification of the disability. However, asking for further information about the extent or severity of the disability is prohibited. Once a request is made, the property manager or landlord must respond “promptly, without undue, indeterminate or unjustified delay.”

Financial Responsibility for Modifications

Property owners are usually responsible for the cost of reasonable accommodations, whether it be a designated accessible parking spot or adding a wheelchair ramp to the complex entrance. Most accommodations are free or low-cost to implement.

When it comes to interior modifications made to an apartment, those costs are the tenant’s responsibilities. Modifications may include adding a handrail in the bathroom or removing carpeting for allergy control. Renters who modify an apartment for the length of their tenancy are also responsible to restore the apartment to its original state upon the landlord’s request. However, the tenant is often able to negotiate with the property manager to move out without restoring the apartment to its original state.

Common ADA Myths

Since the day it was signed into law, ADA has been the target of myths and conjecture aimed at its regulations and their meaning. One of the most outlandish myths claims that ADA lawsuits continuously flood courtrooms. Fact is, of the millions of businesses, employers and entities that must comply with the ADA, only 650 lawsuits were filed  in five years.

An unfortunate result of this apocryphal may have caused some property managers to be wary of dealing with disabled tenants.

Another myth claims that older or historic buildings are exempt from ADA guidelines, which is not true. All buildings are required to make public spaces accessible to those with disabilities. However, buildings constructed or renovated after 1990 and 2010 face stricter regulations when it comes to design.

Still another myth claims that organizations that settle an ADA lawsuit cannot be sued again, which is also untrue. If a violation is discovered even after a settlement, a disabled person has the right to file suit to ask for modifications from an employer who has been sued and settled or sued and lost in the past. Settling an ADA lawsuit does not exempt employers from future compliance. It’s best for property manager and landlords to understand ADA guideline and keep up with compliance at their rental property.

Improving ADA Compliance at a Rental Property

To improve compliance at your rental community, start by reviewing the ADA guidelines.  The regulations that apply to your property are determined by the year your apartment building was constructed.

General compliance ensures all indoor and outdoor passageways such as sidewalks, ramps, and elevators are accessible. Doorways and entrances should have enough clearance for wheelchairs to fit through and maneuver. If your rental property is expansive, consider installing a chair lift—a seat that moves along a motorized rail that can help tenants with disabilities get around the property. Of your building has two floors or more and does not have an elevator, consider installing one. Additionally, provide handicap-only parking spaces near the entrance of the complex.

Provide large-font copies of relevant paperwork to visually impaired tenants and keep extras handy for new applicants who may need them— including rental applications and leases if you still use paper forms for those purposes. Provide guests with an easy way to communicate with the project manager when the need arises, through email, a tip box or a dedicated tenant phone line.

ADA Compliance for Investment Property Management Teams

ADA compliance shouldn’t seem complicated. Research the specific regulations for your building, avoid common misconceptions, and determine if improvements are needed and if so, how to make them. If a tenant makes a request based on a disability, ask for verification of the disability, determine if the request is reasonable and if so, implement the requested change. That’s the mark of superior investment property management.