Property Management FAQ's 

1. How should the property be prepared?

Every property should be thoroughly cleaned inside and out, including inside and outside of all windows and doors.  All carpeting should be checked for wear and tear and replaced or cleaned if needed.  Be sure to paint all walls and trim about every 3 years.  The fresher that the place looks will increase the marketability of the property.

 What is normal wear and tear?

The normal things to expect at the end of each rental are some possible spotting or traffic patterns on the carpeting, a few marks on the walls and trim.  Some nail holes from pictures that were hung.  Also burner pans, light bulbs, refrigerator filters, air conditionings filters may need to be replaced.  Always plan for a good thorough cleaning because everyone’s idea of clean is very different.

 How do you screen prospective tenants?

 All applicants must complete a Residential Data Application.  This application is processed by Casey Realty which includes a credit check, national criminal background check in all 50 states and sex offender check in 48 states, where state law allows.  We do more than just a Florida background check because there are many people moving in from out of state.  There is also a check for evictions.  Most of the Homeowners and Condo Associations require checks of their own as well.  The applicant is responsible to pay for this fee. In most cases we confirm employment and check rental history.

4. How will you advertise my property?

We have several avenues of advertising.  We are members of Chamber of Commerce and have information at the Visitor’s Bureau downtown. All properties are listed on the MLS, Social Media and our web site at www.sarasotaspropertymanager.com. Casey Realty focuses on rentals, many realtors will send their clients who are looking to buy a home in the future to us because they do not fear that we will take a sale away from them.

5. What kind of services do you provide?

Full Management

All Seasonal Rentals are required to be done with Full Management Services Only.

 

A.  Casey will procure and qualify the prospective tenant.

 

B. The lease will be prepared by our attorney for a fee of $65 paid by the          owner. Any lease extensions are a fee of $35. This fee also entitles the owner to free consultation with the attorney regarding the lease any time it is needed.  This is priceless.

 

C.    Casey will handle all maintenance and service calls and will consult

       the owner on anything over $200 except in an emergency situation.

 

D.   Casey will collect the rent, handle any late notices and collection of late

                  fees, and handle any evictions if needed.

 

E.   Casey will send owner’s portion of the rent along with a Cash Flow

     Statement each month when the rent is paid.

 

F.    The cost for Full Management Service is 15% of the monthly rental income which includes a 8% leasing fee and a 7 % management fee.  These fees are not paid until the property is rented.

Non Management

 

A.   Casey will procure and qualify the prospective tenant.

 

B.   The lease will be prepared by our attorney for a fee of $65 paid by the      owner. Any lease extensions are a fee of $35. This fee also entitles the owner to free consultation with the attorney regarding the lease any time it is needed.  This is priceless.

 

C.   Casey will get the tenant moved in and then turn everything over to the owner.

 

D.   Casey will turnover the deposit to the owner who must put the deposit in an escrow account in a Florida bank as required by law.

 

E.   The owner will be responsible for all maintenance and service calls.  The owner will be responsible to collect all rent and handle all late notices and evictions as needed and is required to follow the Florida law.

 

F.    The cost for Non Management Services is 10% of the annual rental income which is equal to one month’s rent.  These fees are not paid until the property is rented.

 

6. What other costs are there?

 

A.  There is a one-time cost of $150 for an advertising fee which is good

       for the lifetime of the listing and is due at the commencement of the

       Listing agreement.  This is required for both full management and non

       management services.

 

B.  The owner can provide us with 4 sets of keys or Casey will get them   

      made for a service fee of $15 plus $3 per key.

 

 

C.   For a fully furnished seasonal rental we can do an inventory at your

      request.  The cost is determined by the size of the property.

 

Please check with your property manager if there is any other services you may need.