Updates from April, 2009 Toggle Comment Threads | Keyboard Shortcuts

  • admin 9:22 am on April 14, 2009 Permalink | Reply
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    Top 10 Reasons to Hire a Property Manager (cont.) 


    10 Top Reasons to Hire a Residential Property Management Company (cont.) 

    9) Emergency Calls and Shield You From Tenants: A residential property management company will shield you from emergency maintenance calls and tenant headaches. Imagine never having to deal with late night “my toilet is overflowing” call. 

     

    10) Low Costs: A PM should only be charging around 6% to 10% of the monthly rent collected. Assuming a monthly rental rate of $1200 per month that is a fee of $72 to $120 per month. This is less than $4 per day! Can you possible do all these things for less than $4 per day?

    11) Bonus Reason! FREE TIME: A good residential property management company will free up your time for doing deals that make money. I mean serious money as opposed to dealing with non-money producing activities like tenant and property management.

    See our next blog for more property management and real estate sales information.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 
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  • admin 1:23 am on April 14, 2009 Permalink | Reply  

    Avalon Park Townhome for Rent in Orlando Florida 

    Avalon Park Townhome for Rent.  Check out our newest rental…. This is a 3 bedrm, 3.5 bath townhome with a 2 car garage located in the East Orlando subdivision of Spring Isle within Avalon Park.   

    * Priced to rent NOW!
    * Each bedrm has its own attached bath
    * Black appliances & cherry cabinets
    * Gated community
    * Convenient to 408 & 417
    * 3 bedroom / 3.5 bath
    * 1 bedroom downstairs
    * 2 car garage
    * Community POOL
    * Convenient to UCF
    * All kitchen appliances included
    * Blinds included
    * Washer & Dryer TOO
    * SORRY, SECTION 8 NOT ACCEPTED
    * School info: http://www.ocps.k12.fl.us/lookup.rhtml
    * Call 407-641-5782 to see this home
    * AVAILABLE June 1st

    DRIVING DIRECTIONS: Going east on Colonial Dr. Make (R) on Avalon Park Blvd. Then make (R) onto Spring Isle. Then make first (L). Follow around to home, which will be on your (L).

    See our next blog for more property management and real estate sales information.
     
    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We rent, sell and manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • admin 2:45 pm on April 13, 2009 Permalink | Reply
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    Top 10 Reasons to Hire a Property Manager (cont.) 

     

    10 Top Reasons to Hire a Residential Property Management Company (cont.)

    6) Tested and Reliable Professionals: residential property management company’s will already have vetted numerous vendors, suppliers and contractors to make sure they provided good quality work at reasonable prices. Failure to properly vet these professionals can be a costly mistake. Many Owners overlook this function because they do not know how to do it or because it is a time consuming and laborious process.

    7) Inspection Reports: PM’s perform property inspections before, during and after a tenancy. Additionally, most PM’s will perform routine property inspections at least every 180 days. Your PM should be responsible for preparing frequent written inspection reports for each of your properties. Faults in your property that are found quickly can be resolved before they become expensive items of disrepair.     
    8) Financial Records and Security Deposit Escrows: PM’s will provide detailed income and expenses reports as well as cash statements every month saving you the bookkeeping headache. Additionally, PM’s will also manage your security deposit escrow funds and make sure you are in compliance with local and state regulations. PM’s will provide end-of-year tax reports for your accountant or financial advisor.

    See tomorrow’s blog for reasons 9 & 10.

    See our next blog for more property management and real estate sales information.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • admin 10:00 am on April 13, 2009 Permalink | Reply  

    Increase of Central Florida Home Sales…… 

    Central Florida home sales have again experienced an increase in activity.  Realtors were apart of 1653 transactions in Orange & Seminole Counties last month.  March of 2008, this number was only 1120.  The amount of days on the market in March of 2008 was 128 days, this past March, only 104 days.  The inventory of a year ago was 25,472, now just under 21,500.

     

    See our next blog for more property management and real estate sales information. 
    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We rent, sell and manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • admin 12:33 pm on April 12, 2009 Permalink | Reply
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    Top 10 Reasons to Hire a Property Manager (cont.) 


    10 Top Reasons to Hire a Residential Property Management Company     (cont.)
    4) Marketing Expertise: PM’s have years of experience in how to best market your properties so they are rented in the quickest time possible. PM’s use both offline and online marketing to maximize your properties’ exposure and find qualified tenants quicker. Most PM’s utilizes 10, 20 or even 30 different techniques to rent a property quickly which reduces your carrying cost of a vacant property.

    3) Tenant Screening: A PM requires a detailed written application from each adult with photo identification. Additionally, PM’s will run criminal, social security and public notice (bankruptcy or judgments) searches to determine if the application is accurate. PM’s will also call past and present employers, landlords and other references. PM’s have set requirements and standards for accepting or declining an applicant and thereby ensuring you comply with fair housing rules and other local and state regulations.

    5) Property Law and Regulations: PM’s have extensive and up-to-date knowledge of property laws and regulations and will assist you in making sure you are in compliance with your local, state and federal rules and regulations. These rules and regulations include complying with fair housing regulations, the Americans with Disabilities Act and other applicable local, state and federal laws. Avoiding one law suit will more than pay for any PM’s fees many times over.

    See tomorrow’s blog for reasons 6, 7, & 8.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • admin 6:31 pm on April 11, 2009 Permalink | Reply
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    10 Top Reasons to Hire a Residential Property Management Company

    Once you have invested in a rental property, the responsibility of maintaining and running the property can quickly become overwhelming. For many Owners, the logical solution is to hire a Residential Property Management company to oversee their rental property. But is this the right decision for you? Here are the top 10 reasons to consider why you should hire a residential property management company and how the benefits far outweigh the costs.

    1) Rent Collection: A professional residential property management company (“PM’s”) have systems and strategies to improve rent collection and on-time rent payments. This allows you to ensure swift and consistent rent collection. Quick and consistent rent collection is absolutely critical in this real estate market where good cash flow can mean the difference between success and failure as a real estate investor.

    2) Local Knowledge of Rental Rates: PM’s have extensive local knowledge of rents and the ability to determine the highest rental rate possible for your property. With the internet and the ability to do large scale searches for rental properties, potential tenants know if your property is overpriced, even by $25. Overpriced properties sit empty while other properties get rented. Knowledge of rental rates is a key factor to fast rentals and quick cash flow.

    See tomorrow’s blog for reasons 3, 4, & 5.


    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049.


     

  • Jay Myers 4:13 pm on April 10, 2009 Permalink | Reply
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    Did you know the best chance for selling your property is within the first seven weeks?  It’s true.  Leasing a property is similiar in that the first few showings give the owner the best chance at leasing it quickly and for the highest dollar amount.      

    Studies show that the longer a property stays on the market, the less the seller / landlord will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.  Same with leasing a property.

    An Overpriced Home:

    · Minimizes offers

    · Lowers agents response

    · Limits qualified buyers / renters

    · Lowers showings

    · Lowers prospects

    · Limits financing

    · Wastes advertising dollars

    · Nets less for the seller / landlord 

    When you are ready, contact us for a personal market RENTAL OR SALE value analysis of your home. No hassles or obligation – just honest advice on how to get top dollar for your home! 


    See our next blog for more property management and real estate sales information.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • Jay Myers 2:46 pm on April 10, 2009 Permalink | Reply  

    We have listed an amazing lakefront pool home in the Vizcaya subdivision in Dr. Phillips.   This home is for rent at $4790 per month, but can also be purchased.   This home has some magnificent feautures including 6 bedrooms, a fabulous kitchen, pool/spa overlooking the lake, summer kitchen on the deck, a huge upstairs balcony.    A 3 car garage, downstairs master bedroom, formal living and dining room.   You will find convenience in a short commute to downtown Orlando, 20 minutes to the Orlando Int’l Airport and very to close to all theme parks.   Search our “Properties for Rent” section on our site for more details.  We offer showings 7 days a week, so call now.

    See our next blog for more property management and real estate sales information.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • Jay Myers 1:33 am on April 6, 2009 Permalink | Reply
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    Can a property manager help me avoid bad tenants? 

    Typically bad tenants will target owner-managed rentals because they can’t pass muster with property managers. They know that when a property is for rent by owner the rent will be less and there will be less scrutiny of their financial situation. Because bad tenants can’t be evicted without notice and an eviction can take months and cost you money, property managers will track references and do their utmost to avoid potential bad tenants and associated eviction problems.

    Bad tenants can cause more than just an eviction, or damage. With a quality tenant, you can advertise during the last part of the lease looking for a new tenant while the current one resides in the property. With a bad tenant, you may not be able to advertise the property either because it does not show well or the tenant refuses you to do so.

    Give us a call today to discuss Central Fl property management details and helping you avoid the ‘bad tenant’.   See our next blog for more property management and real estate sales information.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

  • Jay Myers 1:08 am on April 6, 2009 Permalink | Reply
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    We have listed some new rental properties recently.  Whether you are looking in Winter Garden or Winter Park.  Windermere, Orlando or Kissimmee, we have rentals for you.  Some of our recent listings have been…….

    6319 Lake Burden View Dr Windermere, FL for $3500/mo.  Located in the Windermere subdivision, this Keenes Pointe luxury 5 bedroom home has a golfview and pool.

    4887 Fells Cove Ave Kissimmee, FL for $1595/mo.  A Kissimmee 5 bedroom home in Fells cove.

    6084 Stevenson Dr Orlando, FL for $995/mo.  This 3 bedrm condo in Orlando’s MetroWest area is on the 3rd floor of a gated community.

    Go to our Properties for Rent section to view all of our Central Florida rentals that we manage.

    See our next blog for more property management and real estate sales information.

    Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.“  We manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida.  Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049. 

     

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