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ANSWER
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- Property Management is
governed by specific rules that can be changed or
altered in many ways - state legislature (Florida
Statute 83 Landlord/Tenant Act), case law, federal
government (Fair Housing), municipalities, etc.
- A professional manager
who stays aware of laws is crucial.
- Salefish Properties
agents attend legal seminars at least
annually to keep informed of these
updates.
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- Professional managers
can obtain more expertise and education through
organizations such as IREM®
(Institute of Real Estate Managementt) and
NARPM® (National Associaton of
Residential Property Managers).
- These organizations
provide numerous educational opportunities as well
as networking contacts to increase a manager's
knowledge base.
- Salefish Properties
is active in NARPM® as
well as the Florida Association of Residential
Property Managers (FARPM®) and the
local NARPM® chapter, attending
conferences, workshops and learning about new
technology to enhance your real estate investment
and improve your return
- The Salefish Properties
principal has also been designated as a
guardian ad litum for residential properties by the
Palm Beach County judicial
system.
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- While it is easy for a
property manager to say "they feel your pain",
sometimes it is easier to take bad news from someone
who has experienced it personally also - negative
cash flow, damaged property and all.
- The
Salefish Properties
principal has owned investment
properties for many years and can understand
first-hand the multiple issues associated with
rental property.
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- Answers to this question
will vary, depending on a company's procedures.
- Rent checks are
deposited by the 2nd, checks must clear (this takes
5 business days, excluding holidays &
weekends).
- Salefish Properties
mails out owner packets by the 11th of
each month.
- An e-mail is sent out
informing our clients when the owner packets have
been mailed.
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