Located in Central Florida, Orlando is the county seat of Orange County and the center of the Greater Orlando metropolitan area. Orlando had a population of 238,300 according to the 2010 census, making it the 77th largest city in the United States. The Greater Orlando metropolitan area has a population of 2,134,411, making it the 26th largest metro area in the United States, the sixth largest metro area in the Southeastern United States, and the third largest metro area in the state of Florida. Orlando is the fifth largest city in Florida, and the state's largest inland city.
Orlando is nicknamed "The City Beautiful" and its symbol is the fountain at Lake Eola. Orlando is also known as "The Theme Park Capital of the World" and its tourist attractions draw more than 51 million tourists a year, including 3.6 million international guests. The Orlando International Airport (MCO) is the thirteenth busiest airport in the United States and the 29th busiest in the world.
As the most visited American city in 2009, Orlando's famous attractions form the backbone of its tourism industry: Walt Disney World Resort, located approximately 21 miles (34 km) southwest of Downtown Orlando in Lake Buena Vista, opened by the Walt Disney Company in 1971; the Universal Orlando Resort, which consists of the two parks of Universal Studios Florida and Islands of Adventure; City Walk; SeaWorld; Gatorland; and Wet 'n Wild Water Park. With the exception of Walt Disney World, most major attractions are located along International Drive. The city is also one of the busiest American cities for conferences and conventions.
Like other major cities in the Sun Belt, Orlando grew rapidly during the 1980s and into the first decade of the 21st century. Orlando is home to the University of Central Florida, which is the second-largest university campus in the United States in terms of enrollment as of 2012. In 2010, Orlando was listed as a "Gamma−" level of world-city in the World Cities Study Group's inventory. Orlando ranks as the fourth most popular American city based on where people want to live according to a 2009 Pew Research Center study.
As your Orlando Property Manager...
We believe that we are the owner's partner in maximizing the return on the investment of their property through efficient management of these four functional areas:
- Marketing and Financial
- Tenant and Occupancy
- Administration and Risk Management
It is our endeavor to act in the best interset of the owner to maintain the property, keep it occupied with tenants, collect rents, collect rents, budget improvements and to maintain records.
Marketing and Financial
At State Property Management LLC, we have an understanding of operating expenses and budgeting. We set appropriate rental rates that are balanced by the current market and what it will support. Familiar with the area and competitive rental properties, we apply special marketing programs, promotions and other advertising strategies in order to maximize occupancy and rental rates. We offer regular financial reporting to owners and have an understanding of finacial statements, profit and loss, income taxes and budgeting providing you with piece of mind.
Tenant and Occupancy
The tenant is your number one asset and understanding their needs is important. Getting them to move is only the beginning. We respond to their requests, monitor their activities in regards to the lease requirements, collect rent in a timely manner and continually assess their satisfaction in regards to the property's amenities versus those of competing rental properties in the area. We also deal with the unwelcomed task of evicting for violations or non-payment of their rent.
The physical management of the structures and outdoor areas can be complex and can differ from state to state as well as northern to southern climates. Landscaping, electrical, plumbing, walls, appliances, pools and much more are all part of the physical structure. We strive to maintain excellent relationships with contractors and repair companies and use our volume to negotiate the best pricing for our owner clients. We budget for capital expenditures and monitor the quality of all repairs and maintenance to protect the value of your investment. Also tieing into the financial end of management, some improvements requiresignificant capital expenditures and budgeting for them. In addition, this ties into occupancy management because it is important to tenant retention to have well maintained properties.
Administration and Risk Management
This is the files and records part of the property management function. Federal, state and local governments all have some durisdiction over real estate management activities. Whether it be manging escrow or maintaining county operating licenses, certain reporting requirements must be met for all of them. Meticulous records for accounting and taxes are a must. For reasons of liability, all activities and tenant interaction must be recorded and maintained for specified periods. Also related to financial functions, most states have ridged requirements for the handling of funds paid by renters for disbursement to owners. We are proud to say that we at State Property Management LLC meet all state licensing requirements to manage your long term rental investment properties.
At State Property Management
we strive to meet all
of your needs and exceed your expectations
by maximizing your
investment property potential.