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property management Tampa FL companies
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Property Management Tampa FL Companies Facts That You Probably Do Not Know

tampa fl property management companies
1. Single properties require lower management fees.

Compared to a multi-unit residential real estate property, owning a single residential property to be managed by a property management Tampa FL companies requires lower fees not only because of the number of tenants but mainly because of the on-site property managers who need to live within the vicinity.

Basically, this a person assigned by the company itself that the owner needs to pay separately.

2. Some property management Tampa FL companies collect added premium for multi-unit residences.

For some reason, these properties – condos, townhouses, apartments – are harder to market than single properties, thus, the premium. Theoretically, real estate market price devaluation hits harder and longer on multi-unit residences (also called multi-family residences). This gives property management companies less security for their own earnings.

Like in any business, security is something that can dictate price (the same reason why less secured cars pay higher insurance premiums).

3. Hiring a property manager who will find tenants is more practical than availing of an overall property management service.

Prospective tenants only trust property managers with a license in property management as approved by the state. Property management Tampa FL companies have more experience in closing deals; hence, you have less worry to carry. In this case, you only have to pay a one-time charge.

It is recommended for a property owner who can manage to collect, communicate, and ensure maintenance and monitoring of his/her asset to just do the work himself/herself, especially if his/her residence is just within the area. This gives up to $5000 of savings.

4. Brisk market and stagnant market are the biggest determinants of rental price.

If a Tampa property management company tells you that heavy renovations will guarantee rental rate increase, then, you are gullible enough to believe.

While renovations and additional amenities contribute greatly on rental price, these are still dependent on the status of the rental and real estate market – a brisk market and stagnant market.

The Brisk market is the time when the number of potential tenants is higher than the available rental properties in a particular area. A stagnant market, on the other hand, is the time when the available rental properties are higher than the willing renters. It is, basically, all about the law of demand.

When the market is brisk, property management Tampa FL companies can increase the rental rate, regardless if renovations are done or not. If it is stagnant, no amount of renovations will guarantee a rental increase.

curb appeal
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Curb Appeal Online

curb appealToday, more than ever it is important to have a great curb appeal online

The home shopper has almost completely moved online with the advent of zillow, trulia, craigslist, etc.  The amount of data, pictures, video and virtual tours that you can put on your online advertisement can give the prospective buyer almost all the information they need to make a buying decision.

The preliminary research is all done online, then the actual physical home shopping is strictly limited to the best-matched properties.  Although some properties are bought without the buyer ever actually seeing the property, there is a lot that can be told by actually being inside the property and seeing it with your own eyes.

For your home to sell and for you to get the people to actually visit the property in person, you need to be able to get past the online screening part of home shopping.

First Impressions

First impressions are important in each element of existence. We get dressed to look our high-quality while attending a task interview and some of us spend hours grooming ourselves in the front of the mirror earlier than a primary date. In accordance to analyze performed through psychologists, people make up their minds about other human beings within 1/10th of a 2d of assembly them for the primary time. This studies discovered that the longer the primary impression, the extra human beings reaffirmed their preliminary opinion and only with lengthy exposure and experience can someone overcome their initial preconceptions. On the subject of promoting a domestic, first impressions are essential and ability customers don’t stick round long enough to change their initial opinion of a property.

What’s lower appeal?

The word ‘lower appeal’ comes from the yesteryear international of actual property. Before the cutting-edge conveniences of the net and smartphones, capability consumers would shape their initial first impression of a property from status out of doors in the road or sitting of their car, parked subsequent to the diminish. The agent would name or fax the capacity customer the details and address of the newly listed property and they would force past or stroll to the residence to decide if they desired to set up a proper viewing of the assets.

Those selling the belongings understood that their residence had to appearance attractive sufficient from the decrease to lure capability buyers to set up a viewing. If the house didn’t look properly from the reduce capability buyers would flow on, so domestic sellers might spend days planting plants, portray fences, cutting the lawn and different domestic upgrades. Cut back appeal changed into crucial in making ready a belongings for going on the market and in fact getting capability buyers through the door to get a sale.

Internet appeal

The traditional cut back attraction of a property nonetheless topics today, however with the prevalence of the net it’s miles from their laptops and smartphones, and no longer from the street outdoor, that capability customers make their first impressions of a domestic. If they do now not like what they see when scrolling via the pics of an internet list they received’t sense inclined to peer the assets in man or woman.

Net listings mean consumers can now see the inside and outside of a home before ever setting foot on the property. At the same time as the exterior look of a domestic is still very crucial, and ought to be excessive on a seller’s listing of priorities, it’s miles at its most treasured while a consumer physically visits or drives by using a property. If the internet list does now not appeal to a capacity consumer, and makes an awesome first impression, they’ll not ever get that some distance. Web attraction is the new lower appeal, this means that a home’s indoors and outdoors both want to offer the property in a favorable and enticing manner to draw in ability customers. If a vendor’s domestic is not presented well in the pics of the net listing – due to the images not being taken via a expert, no longer proven with high decision pictures, or with out due care and attention to prepare the assets earlier than taking pics – the conventional cut back appeal of a home is worthless as shoppers received’t ever go to the assets.

 

as-is tampa real estate
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As-Is Tampa Real Estate Listings

There are many reasons why a homeowner may want to list their home for sale in ‘As-Is’ condition.  This may be a property that was inherited and family members do not have time to fix it up.  Or it could be that someone is moving out of state and do not have time to do any renovations. Or there could just be no money available to put into the property.  Before listing ‘As-Is’ on your Tampa real estate, there are a few things to consider.

1. Limiting the Buyer Pool

Listing your Tampa home ‘As-Is’ could eliminate possible FHA and VA loan buyers.  Some conventional loans will also want inspections to be done and for the property to qualify for lending.  When there are a lot of repairs that need to be done, or if the home just needs to be brought up to a habitable level, you prospective buyers will mainly be cash buyers and real estate investors who are looking for the lowest possible price.

The real estate investor will likely fix up the property and then sell it for around 33% more, so ask yourself if it is better for you to get the extra money on the sale or if it is just not worth it.

2.Discounted Sales Price

When a home is not turn-key move in, it means that the price will need to be discounted compared to the other homes that have sold in the area.  Buyers that can not move in right away or that have significant work to do upon move in will want a discount for the inconvenience and cost of repairs.

When you market as-is Tampa real estate, there are a few things that can help you maximize your sale.

We understand that certain home repairs may be financially out of the question for some sellers and they simply must sell the home in its current condition. Declutter. Make the home look as nice as possible.  Remove all clutter and make sure that everything is detail cleaned to give the home its best appearance possible. You should also get a home inspection and then disclose the necessary repairs to the buyers.  This will give an actual idea of what it will actually take to improve the home and the buyer and you can make informed decisions on the actual value of your as-is Tampa real estate listing.

tenant scams
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Tenant Scams

tenant scams

Be careful of these tricks that could allegedly be used to approve a less-than-stellar tenant application.

Creating a Fraudulent Credit Report

The tenant could offer to provide the copy of their own credit report.  They could say that they already had it pulled and do not want the credit report to be pulled again.  However, the credit report could have easily tampered with using white-out or a copy machine, etc.

A tenant might go to these lengths to secure a residence and may use a tactic of sending it out to multiples of landlords to try to get just one to accept it.

Fraudulent Rental and Employment History

There are several ways to go about procuring fake pay stubs and w-2s.  Just look online and you will see tons of results.  Although the tenant could potentially be arrested for using such fraudulent forms, they are mostly not pursued and consider the risk to be calculated.

Then the property management company needs to make sure they are dutifully validating and contacting the information provided for rental and employment history.  They need to validate that the companies and rental agencies are legitimate.

Cash for Quick Move-In

Some tenants may offer a decent amount of cash, sometimes up to 6 months rent for an immediate move-in.  They will want you to skip the screening process and give them the keys asap.  This can be very tempting, however, skipping proper screening procedures will end up costing more than having the property vacant for a few more days.

That Old Craigslist Scam

The tenant says they want to rent the property, they send you a cashier’s check for more than the amount owed and ask that you forward the difference to their decorator or moving company.  You forward the money, then a couple of days later the cashier’s check bounces and you are out the money you sent.

The Sublet

You find an ideal tenant and they move in.  You collect the first month’s rent, but then the second and third month’s rent never arrive and you don’t hear from the tenant.  You eventually visit the property and find there is someone else living there.  The tenant has posed as the owner of the property and ‘subleased’ it to a new tenant.  Now you are out your 3 months rent and have an unapproved tenant in your property and the unapproved tenant is out a few months rent and security deposit that was paid to the original tenant.

 

Make sure you are using a Lutz Property Management company that has extensive tenant screening processes and never cuts corners.

real estate markets
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How to Deal with Competitive Real Estate Markets

real estate marketsIn numerous zones of the nation, the lodging business sector is developing and its quality has lead to a focused business sector for purchasers and a less demanding business sector for mortgage holders hoping to offer. The following are some top tips for those hoping to enter the property furthermore for those hoping to offer in today’s focused business sector.

Fender Tip: Know your property well and be straightforward with potential purchasers in real estate markets

Merchants are in a position of quality in today’s business sector, yet you would prefer not to lose a potential purchaser and significantly after arrangements come up short, and need to re-acquaint your property with the business sector. Ensure you know all the points of interest and potential pitfalls of your property and be straightforward with potential purchasers. Purchasers are a lot of a property’s issues on the off chance that they think about them before entering transactions. Withholding data could execute your arrangement later and purchasers are a lot of shortcomings in the event that they are entering an aggressive business sector.

Purchase Tip: Be prepared to finalize negotiations and move

Be aware of property postings and prepared to orchestrate a review when something intriguing comes up. There will be loads of purchasers appearing to be identical property as you, so when an incredible house is recorded on Tuesday it might be from the business sector by the weekend. Genuine purchasers are prepared to make an offer and close an arrangement rapidly.

Merchant Tip: Have a sorted out procedure for getting offers

There is no brilliant tenet on whether to acknowledge the principal offer you get or to leave your property available sitting tight for a more alluring offer. It relies on upon the season of the year, the town, the state and different variables that your land specialist will have the capacity to talk about with you, and help you think of an arrangement. In a few regions it can be an awesome thought to hop on the principal great offer you get in the real estate markets, while in different regions, it is best to hold up and have more showings before evaluating all the offers you have gotten without a moment’s delay.

Purchase Tip: Purchasing your fantasy home won’t be simple

It’s extremely uncommon that a purchaser brings home the bacon on the primary property in real estate markets they like and make an offer on. The procedure requires some investment and with heaps of rivalry, you can without much of a stretch miss out on a property on the off chance that you don’t act quick or your offer is too low for the dealer to acknowledge. In the event that you pass up a major opportunity for a house, it’s essential to stay hungry and keep headed to locate the right property next time. First-time purchasers are regularly unpracticed, each home you see and each offer you make is helping you take in more about the business sector and turn out to be more alright with how the entire procedure functions. Passing up a great opportunity for a property is not generally a terrible ordeal, as the home you believed was flawless a month prior does not appear to be half as appropriate as the property you discover a month down the line.

Dealer Tip: Contemplate the opposition and know your business sector well

A dealer ought to know the business sector before they put their home available to be purchased. Spend a couple of weeks considering alternate properties available to be purchased in the zone, even mastermind a couple of viewings, before putting your home available. When you are prepared to offer, know your opposition and how to value your property to get the most consideration from purchasers. Each property is distinctive, however, you ought to know your own particular property all around and how it thinks about to the opposition. In spite of the fact that the house available to be purchased down the road may have a fresh out of the plastic new lavatory and kitchen, you can value your property as an alluring option with incredible worth for purchasers that need to do their own particular home enhancements. All around evaluated homes draw in the consideration of purchasers and lead to quicker deals and expanded rivalry, which supports costs.

Purchasers and Venders Tip: Arrangement and staying caution

The lodging business sector can be upsetting for both purchasers and dealers. In a focused business sector, things can move along rapidly and both sides of the business sector should be mindful in the event that they need to effectively purchase or offer a property. Dealers have the high ground as they can put in weeks of arrangement before entering the business sector, something vendors should make utilization of to boost their prosperity. Purchasers must be on their toes and prepared to respond to postings and be set up to make an offer and move when they locate the right property. An aggressive business sector is quick moving and can be exceptionally energizing for both purchasers and merchants, so attempt to appreciate the ride.

Wesely Chapel Home Buyers
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First Time Wesley Chapel Home Buyers

Wesely Chapel Home BuyersStepping into the home buying business sector can be an overwhelming knowledge. Lamentably, there is no totally watertight orderly procedure to ensure you’re acquiring the right house for Wesely Chapel Home Buyers. In any case, on the off chance that you continue understanding you will see a portion of the greatest missteps that first-time purchasers make and comprehend what to maintain a strategic distance from when it comes time to purchase your own first home. Try not to be a first time dealer that second thoughts their choices as a first-time purchaser.

A bit excessively cozy and little

In the event that you are love birds or plan to begin a family soon, as Wesely Chapel Home Buyers you should abstain from picking a property that is a bit excessively comfortable. It’s profoundly exhorted you don’t go for a two-room home as you will get yourself somewhat confined when tyke number two arrives and you’ll be hoping to move to a bigger home. Regardless of the fact that you don’t have any quick longing to begin a family, arranges can change through the span of a couple of years and the little two-room old cabin you discovered sufficient could get to be prohibitive. Three-room houses are by and large more appropriate as, if do you stay at the property for additional time than you at first expected, they sufficiently offer space to easily begin a family.

Excessively extensive

On the flip side of the scale is the home that is much too enormous. A six-room house will offer a lot of space for visitors and your future kids to grow up, however, it may not right now suit the necessities of you and your accomplice. You won’t require the additional rooms for a long time and might pay a much bigger home loan than you shortly need to.

The venture

It might entice to purchase yourself a property needing some redesign and convey its breakthrough with a little work. There are a lot of TVs demonstrates that demonstrate the change a home can experience with two or three challenging tasks and a couple days of painting and adorning. Nonetheless, loads of undertaking homes invade on time and go fundamentally over the spending plan, notwithstanding when taken care of by veteran mortgage holders. On the off chance that you can sensibly consummate your home inside a sensible spending plan and time span, with basic updates, you may have found the right venture house for you. Be that as it may, in the event that you detect a few difficult tasks and the requirement for a noteworthy upgrade, you ought to abstain from falling into a cash pit.

The extra time executioner

Does your planned new home have any lavish unique elements that will require heaps of support or upkeep? Swimming pools, hot tubs, huge front and back greenhouses, and so on all require loads of time and extensive cost to keep up. It is safe to say that you are cheerful to invest your free energy and money keeping up the pure appearance and components of your home? If not, then you ought to discover something more reasonable.

Thinking about your new home as a business speculation in Wesley Chapel Property Management.

Each first-time purchaser might want to make the most of their new living space for a couple of years, perhaps make a couple of enhancements, offer their home for a great looking benefit, and purchase a surprisingly better second home. Yet, regarding your first private property as a venture opportunity, as opposed to a home to live in, can blowback and snuff yearnings. Now and then you can make perpetual home enhancements that simply don’t resound with the following potential purchaser. What’s more, because of outside variables, house costs don’t generally rise and you are left with almost no influence on the estimation of your property. In the event that you are thinking about your first property as a speculation, and are more worried by a home’s offer on worth than you are by its appropriateness as a living space to live, you ought to contemplate the business sector completely before settling on any choices. Take as much master exhortation as you can and think deliberately before you make an offer and sign the printed material.

Overlooking the area for Wesely Chapel Home Buyers

While your own particular Wesley Chapel Homes needs may not be influenced by a home’s area, some of the time it will extraordinarily influence future purchaser’s needs. You may think you have found a deal, the however, battle to discover a purchaser with regards to the offering. Regardless of the possibility that you have no arrangements to begin a family or wouldn’t fret not being situated in the unpleasant around the edges side of town, you ought to consider what future purchasers will search for. Try to watch out for the school locale and financial quality of the territory.

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Lutz Loan Modification

Lutz Loan Modification

Lutz Loan modification is the process by which the existing terms of your mortgage loan is permanently changed. The change allows you to repay your debts in a more comfortable manner. By opting for a loan modification, you can stop the foreclosure of your home.

Facts about Lutz loan modification

Loan modification is different from the other debt help options like debt consolidation, debt settlement or forbearance. Loan modification is a solution when you are finding it difficult to make payments for mortgage loan due to an unexpected financial hardship.

While loan modification is capable of preventing foreclosure as the existing terms of your mortgage loan are altered to suit your convenience, if you file bankruptcy, you may not be able to save your house. Instead, filing bankruptcy may only defer the process of foreclosure. In other words, bankruptcy puts a temporary “halt” in the foreclosure process.

What is loan modification?

When you request your lender for the loan modification and if the lender agrees to change the terms of your mortgage loan, he may help you by lowering the prevailing interest rate, he may also reduce your principal outstanding balance or increase the loan term of your mortgage.

When do you qualify for the loan modification?

  • In order to qualify for loan modification, you should be willing to retain your home.
  • You have to prove that your current financial condition doesn’t allow you to make payments for a mortgage.
  • The lender has to be convinced that if you are given another opportunity to make repayments, you will not default any further. Your income should be good enough so that you can continue making lower payments every month.

When does a lender qualify?

A lender should accept the loan modification request if after calculations it is found that the loan modification plan will yield good results for him. The cost of foreclosure is quite high and the various lending institutions are readily accepting the loan modification requests.

One of the biggest disadvantages of loan modification is that although it is helping many borrowers to enjoy lower interest rates, it fails to address the “underwater effect”. In underwater effect, there are many homeowners who have negative equity or they owe more than the equity that is available in their homes. Under such circumstances, homeowners have no other alternative but to “walk away” from their homes as there is no point in spending money on a property that has negative equity.

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Sarasota and Tampa are Top Turnaround Towns

sarasota and tampa
9. SarasotaBradenton, FL ranks #9 in at the realtor.Com top turnaround town report for the primary area 2012 and one of seven cities in the sunshine kingdom to take a pinnacle ten spot at the list. March domestic sales inside the region had been up 23.7% as compared to February, and just slight underneath march 2011 tiers, dipping -1.4%. Median list expenses had been up 12.56% in Sarasota-Bradenton for the primary zone 2012 in comparison to the equal length final yr, and on the market stock is down -27.Sixty-nine% from a yr in the past. Even as symptoms in Sarasota-Bradenton are high quality, the market remains fragile with an unemployment rate of 9.2% and a preferred foreclosures rate in Sarasota county of one in each 353, each better than their respective countrywide averages.

Sarasota-Bradenton seemed on the realtor.Com top turnaround city document: q3 2011 (6); this autumn 2011 (five).

What to peer in Sarasota: the southwestern coastal town is bordered by means of several barrier islands before land meets the gulf of Mexico. It’s now not all golf publications and gardens, even though. Sarasota also has many cultural attractions to enjoy: musical, dance, inventive and theatrical venues.

10. Tampa-st. Petersburg-clearwater, FL rounds out the top 10 spots on the realtor.Com turnaround metropolis listing. Current enhancements in key metrics were surprising, mirroring the turnaround underway in different Florida foreclosure centers. Distressed mortgages peaked remaining September at sixteen.Three% in Tampa, and remained consistent at that level. Countrywide charges declined from a high of 7.Nine% in February 2010 to six.7% these days. Even though the proportion of distressed mortgages has been appreciably higher in Tampa than the country ordinary, data suggests the foreclosure fee considering the fact that April 2009 isn’t any better than the countrywide degree. While the housing marketplace inside the metropolis of champions remains fragile with deeply discounted foreclosed properties, low assets values and many severely underwater mortgages, the q1 2012 statistics from realtor.Com suggests median list costs are up eleven.Ninety-two% and the market moved 20.34% quicker as compared to the identical time remaining yr.

Noteworthy approximately Tampa: the western Florida metropolis on the gulf of Mexico has been tapped to host the 2012 republican countrywide convention. Delegates will revel in the plethora of golf courses, museums and purchasing the metropolis gives. Plus, don’t forget about Busch gardens Tampa bay, which turned into originally an admission-free hospitality merchandising of Tampa’s Anheuser-Busch brewery.

For expert property management Relevé Real Estate and Property Mangement for a unfastened consultation these days.

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Property Management Questions

property management questions

Who will be my assets manager?

You need to know who might be your particular belongings supervisor and know their name. I’m all for duty, and also you need to recognize and meet with your house manager, now not just the advertising director or whoever is at a rate of recent business.
Who’s the head of the workplace?
You need to recognize the booking in case something goes incorrect. Brokers have PMs who work underneath their license, so ultimately it is the top booking who runs the display.
How long have you ever been a belongings manager?
The period of time is vital to know. That being stated, a hungry novice who wants to analyze, in my enjoy, is often instances better than the maximum superior person, because they care.
How many devices do you manage?
For me, that is greater so food for the concept because big and small control corporations both have their pros and cons. There are blessings to a large workplace and also to a small workplace; the secret is to realize which one you are becoming and to ensure you are comfy with the pros and cons.What’s the average period that clients stay with you?

You want a property supervisor who’s in it for the lengthy haul. While this might no longer be an honest solution or able to be substantiated, it is nevertheless precise to invite.
Do you simply manipulate or do you sell, too?
Most places do both. That being said, it is good to recognize to evaluate humans’ motivations and desires. You want an employer that still prioritizes belongings control despite the fact that it doesn’t make as great deal earnings doing so as selling.
What do you offer that unit you apart from different companies?
You want them to sell themselves, to inform you what they do otherwise from other organizations. Keep in mind, this is an interview for each event.
What do you assume from me because the proprietor?
What’s their expectation about your involvement? A few people need to be very micro managed, and others do no longer. It is crucial to realize the exact expectancies that the assets supervisor could have of you.How regularly do you talk with the homeowners?

That is very essential, considering that communication is fundamental. It’s miles simply important to recognise over what issues, with which techniques, and how quick you will be notified.
Do you offer the owner’s facts to the tenant?
A few humans lease assets managers so that they do not ought to provide their records to tenants. So this is crucial.
Do you have a policy about landlords contacting the tenants?
Some management corporations will no longer permit the landlords to touch the tenants inside the residence.
Do you have got a requirement for your own home control customers to use you? Do you fee if the tenant comes to a decision to buy the residence?
Many assets contracts require the landlord to pay fees if the tenant comes to a decision to shop for or they sell. Ensure you test this clause intently.
How often do you attain out to the proprietors? Are you able to give property management examples of the way and when you would talk various problems?
Conversation is a very big situation and a common criticism regarding belongings management groups. The remaining element you need is to be studying the entirety on your month-to-month statement. The fine manner to have clear expectations is to understand when they’ll notify you and whilst they will not.
What is your turnaround time on cell phone calls and emails from proprietors?
Some of the most important court cases I pay attention are people no longer hearing back or receiving return smart phone calls quickly enough. This is why you need to realize what to anticipate and the way long it takes to hear again from your private home supervisor.
What is your month-to-month price?
Every control agency calculates their costs differently. Some price 10%, and that includes the whole thing. Others do 6% and charge extras everywhere, so ensure you’re looking at the whole lot.
Who is the lease among?
In some locations, the proprietor is on the lease. In different places, it’s miles the management company at the lease.
Do you offer a copy of the rent to the owner, and if so, while?
One in every of the biggest problems I see is the owners no longer receiving a replica of the rent, so they are not capable of affirming when questions and troubles get up with their belongings manager.
What lengths of higher do you offer?
A few assets managers most effective do a month-to-month rent, others do a one-year, some do multiple. Personally, I do a month-to-month lease.
Do you fee greater for monthly rentals?
I price $300 greater per month for my month-to-month rent. It’s far critical to understand what their policy is and who receives the fees.
Do you do a break-out clause?
I have a whole lot of tenants who try to break their lease. For me, this clause has been a lifesaver.
Do you offer an opposite navy clause?
As an empire builder who buys houses that her circle of relatives will live in too, it is crucial to me that we are able to always flow back into our home. Consequently, we are able to usually have an opposite navy clause in our lease. The remaining I heard, in case you did know not have a clause, you couldn’t use it. Some organizations will no longer allow this of their policy, so it is vital to know your agency’s policy.
Do you have got a condominium deductible?
I am a large believer in tenants having skin in the sport and consequently not calling over senseless objects and repairs that value cash and reason headaches. Maintenance can eat you alive and perform a little critical damage on your backside line.
Do you’ve got rent language that calls for the tenant to pay for any damage they purpose that isn’t always put on and tear?
I’m a huge believer of “you wreck it, you buy it.” so I rate my tenants for something they break. I’d ask my control corporation if they do the same element.
Do you troubleshoot along with your tenants after they call for repairs?
One of the matters I have executed to assist reduce provider calls is to troubleshoot with my tenants. I ask them if they attempted the breaker, put a new mild bulb within the socket, and so forth. So I might want to know if the assets control will try to troubleshoot, or if it ends up being something stupid if the tenants are required to pay the service call. Do you do “sight unseen” rentals? If sure, do you’ve got a special addendum?
I understand some locations received hire sight unseen, that’s a massive disadvantage in army areas. This has prompted issues for me and others within the beyond, so I’ve constant this problem with the aid of having a provision inside the rent.

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It’s Not You, It’s Not Your Home, It’s Your Real Estate Agent

pile of cash

See this pile of cash? It doesn’t belong to you and you know why? Your realtor is being unrealistic and greedy about your property.

We have a client who is interested in a townhome in a particular area. We have one in this neighborhood and know without a doubt the competition is over-priced. Rentals sit 6-months, 8-months, 1-year or longer vacant. Why? Your rental is over-priced. Period.

I called a realtor to ask about a rental that has been listed and vacant for 6 months to see if the owner was flexible in the price. I told her that I had a great client interested in the home, but wanted to pay a more reasonable rent for the unit. With disgust, I was told that the building covered all utilities which was included in the rent. I told her I knew that was not true because we have the exact same property in the neighborhood. Well not the same. Our is updated and upgraded. She then back-peddled and said well the owner wants to rent it furnished only. On the MLS listing, it states “furnished, but will consider unfurnished.” So the ad was misleading or the realtor was a liar.

I asked again about the price. I stated about the home being listed for 6 months and sitting vacant. Is the owner flexible? Again, I was given the run-around. Never once did she say she would present an offer to the owner.

Can this realtor read minds? I can’t. As property managers, we present all offers to owners. Ultimately the decision lies with you, the owner. You should decide whether to reject or accept an offer. Not a realtor.

I believe putting the owner in the driver-seat is what gives us so many happy clients and great reviews.

I never asked what the commission would be on the property. I never wanted a commission. I wanted to find a home that met my client’s needs.

Did this realtor ever stop and think, “my client has been losing thousands of dollars because his home is sitting vacant?” No. She heard reduced price, saw her commission drop and never consulted the owner. Would the owner accept a lower offer? We will never know because he will never be asked.

My client never saw the property or put an offer in. Why? A realtor discouraged an amazing tenant from a property that needed a renter.

So, this pile of cash continues to sit untouched.

For honest, reliable property management in Pasco, Hillsborough, Manatee and Sarasota counties, Florida, We Manage Your Investment.