About Central Florida
Central Florida is a region of the U.S. state of Florida. Different sources give different definitions for the region, but as its name implies it is usually said to comprise the central part of the state, including the Orlando area. It is one of Florida's three best known "directional" regions, along with North Florida and South Florida. Source: www.wikipedia.org
As your Central Florida 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. For more information about our Orlando property management services visit our homepage
At State Property Management
we strive to meet all
of your needs and exceed your expectations
by maximizing your
investment property potential.