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Rentals in 33410 : Real Estate Advice

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  • Local Info1
  • Home Buying12
  • Home Selling5
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Activity 4
Mon Feb 23, 2015
Thomas Hopkins answered:
Hi there, listing the property yourself is a great option. If you live in the area it is a great way to make an extra 10%/ month on your rental. Over 50% of all rental properties are managed by DIY (do it yourself) landlords just like you. Here are some things to consider if you are going to manage the property yourself.

1) you need to live close by to be able to show the house to potential tenants
2) use craigslist (free) to list your property, it is where every tenant searches
3) use an online application and tenant screening tool (free) like www.tenantopia.com

If you are going to hire a property manager you usually have a few options
1) (1 full month fee, plus 7-10%/month) full service - they list, show, select the tenant, and manage issues as they pop up.
2) (1 full month fee) just the listing - they will list and show the place and allow you to make the tenant selection based on their recommendation but then they will not manage the property after that.
3) (7-10% / month) just manager the property.

In summary, being a DIY landlord can save you a lot of money, but be prepared to do a little work whenever it is time to find a new tenant. Remember, it is all relative. Name any other business where you only have to work 1x every 2-3 years and get to make the kind of money that you make every month from collecting rent. If you are going to hire a property manager, make sure it is for the right reasons. Best of luck.
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Thu Jan 29, 2015
Scarlett Chan answered:
It can range between 10% to 1 months rent. Here are the services that I include for my clients

1. Market your property on over 25 Websites.

2. Create a Virtual Tour so that your property can be seen prominently via the Internet.

3. Market your property in various local publications.

4. Create marketing flyers to effectively promote your property.

5. Show your property to potential tenants.



Qualifying The Tenant and Renting your Property

1. Each potential tenant must complete our Tenant Application Form, which includes information about their past landlord(s), employers and information about themselves, which we verify for accuracy by contacting their references.

2. Conduct a Credit, Eviction and Criminal Background Check.

3. Negotiate rental terms, conditions and prices on your behalf.

4. Ensure all required forms are properly completed and provided to Homeowners / Condo Owners Associations in a timely manner.

5. Create and complete the Lease to Contract and have our Attorneys draw up the Lease between you and your new tenant.

6. Perform the Initial walk through as well as the Final walk through of your property.
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Mon Oct 7, 2013
Tom Priester answered:
John,

Each year the snow birds flock to our shores and each year the number of visitors becomes larger. While we still have availability you really need to get something under contract or finding something that will work for you becomes more and more difficult. With your budget and required months there are very few opportunities in Palm Beach Gardens at this late date but you do have a few options.

Keep in mind with seasonal furnished rentals you will also be responsible for an 11% state tax on top of the agreed upon rental amount. Since you are looking for almost 6 full months you will want to negotiate a lease for 6 months and 1 day to avoid tax being due. If you have pets that you will be bringing with your your options will be even more limited. Finally any of these units will have an association with an approval process. This can take two weeks or longer so you are quickly running out of time.

A very clear description of your specific requirements is the best place to start and if I can be of service to you and your family I would appreciate the opportunity to be one of the agents you may choose to interview. We are experts in finding our clients that "needle in the haystack" and would love to help you find yours.

Best of luck and if I can offer anything additional please let me know.



Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
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Fri Oct 12, 2012
Bob Brubaker answered:
Cathy, Some leases call for compensation to the leasing agent at the
renewal of an existing lease. More Common in Commercial and "High End"
Condo lease agreements. Your current lease will have the terms of renewal
and who is responsible for any commissions involved.
As "new " fee outside of your lease agreement this would be unusual. Contact the
Manager for an explaination . I f it can't be shown how this applies to you
consult a Real Estate Attorney,
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