Increasing the owners' monthly cash flow hassle-free, is what our management system is all about. So how do we do this? Just by having us reduce vacancies and not charge "junk fees" should make the property's cash flow go through the roof.
Let's prove it to you. First, let's realize that having a house sit empty is costing the owner thousands of dollars in lost rent, fix up costs, utilities, etc. If we can greatly reduce that, wouldn't it be like putting thousands in the owner's pocket? Well that's what our management is designed to do.
In the big picture, property management fees are a relatively small expense compared to vacancy expense. Vacancy and turnover is the BIG DOLLAR expense that destroys profits, (not management fees). A property management company who understands this and is skilled to limit this expense by screening for long-term tenants, will make owners a lot of money and really is worth their weight in gold.
House2home Properties has policies and procedures in place that follow and adhere to the ever changing federal and state laws. We even go so far as to have an experienced attorney (who only specializes in Landlord/Tenant law) draft our personalized lease to ensure that all new laws are complied with. We think in this is a must rather than just "filling in the blanks" of a standard boilerplate lease.
Court is expensive where even if you win, you lose because of the expense and stress. Mistakes in a lease can cost owners thousands of dollars in legal fees and judgements, so we do it right by having an experienced attorney draft our lease.
Our customized lease is exclusively prepared for House2home Properties and designed to solve many problems that most landlords have. Keeping the owner out of the court system is a priority with House2home Properties.
Changing the A/C filters is critical to the A/C system (especially in Florida). Not changing the filters can result in expensive repairs for the owner and shorten the life of the system. But how do you get the residents to change those darn filters? This was a big challenge.
In the past, it was very difficult to get residents to routinely change their A/C filters as needed. Most did not routinely do it for whatever reason. House2home Properties solved that problem. Under our management, all residents now have their required A/C filters routinely delivered right to their door so all they have to do is replace them when they receive it. Residents no longer have to remember the A/C filter sizes and run out to the store to buy the filters.
We made it easy for the residents to change their filters on schedule and keep the A/C system running efficiently which saves owners tons of money in unnecessary A/C repairs.
When a resident moves in and moves out, it is very important to document the condition of the property. But how? Most managers use some kind of inspection form for this, but this can cause problems. Why? Because it is not done by a professional with trained eyes and therefore can be easily challenged (even if the tenant completed the inspection form themself).
In the event that a resident needs to be charged for damage against their security deposit, proper documentation is essential. This is not easily done and could cost owners thousands in legal fees. Because of this, we decided to go the extra mile once again and use a professional 3rd party inspection company.
With a professional 3rd party evaluation on file, we believe it would be difficult for a tenant to claim "it was like that when we moved in". Property managers are not trained to evaluate every nook & cranny of the property so by using a "neutral 3rd party professional" to evaluate the property (right before a tenant moves in), there is little doubt as to the condition of the property when they took possession.
Owners love this because they get to see a detailed report and the real status of their property, which includes 80 to 120 photos and 25 to 50 pages of documentation. Yes, you heard right. The reason we go the extra mile on this is because we want to avoid any potential issues in the event of a claim on a security deposit. We think this is smart.
This is extremely important because profits are not the only thing owners should be concerned about. There are many pitfalls and much more to property management than meets the eye. Managing property has become a very difficult and complex business. There are new federal and state laws constantly coming into existence that can get managers and property owners in serious trouble. The property manager's job is not just making the property perform well, it's also helping to keep the owner out of trouble by doing the job right.
Did you know that property owners may also be held responsible for the property manager's actions? This is called vicarious liability which basically means that if the property manager does something negligent or breaks a law, then the owner could be held liable as well, so the property manager better be a pro and know what they're doing! This always seems to get overlooked and owners should consult with their attorney regarding this. When we receive a call from a new owner to manage their property, they ask about our fees, but never about this. We found that owners simply are not aware of this type of liability or haven't really thought about it. House2home Properties is very aware of it and has policies and procedures in place that adhere to state and federal laws.
Tampa is a major city in, and the county seat of, Hillsborough County, Florida. It is located on the west coast of Florida on Tampa Bay, near the Gulf of Mexico, and is part of the Tampa Bay Metropolitan Area. The city had a population of 346,037 in 2011.
The current location of Tampa was once inhabited by indigenous peoples of the Safety Harbor culture (most notably the Tocobaga and the Pohoy, who lived along the shores of Tampa Bay). The area was explored by Spanish explorers in the 16th century, resulting in violent conflicts and the introduction of European diseases, which wiped out the original native cultures. Although Spain claimed Florida as part of New Spain, it did not found a colony in the Tampa area, and there were no permanent American or European settlements within today's city limits until after the United States acquired Florida from Spain in 1819. Source From Wikipedia