More than just real estate

Full-Service Real Estate Brokerage and Property Management Firm specialized in property management of the most distinctive residential and commercial properties in South and East Florida.

PROPERTY MANAGEMENT

Property management of any kind of property is key for the success of a realized investment. Chopard International Realty (CHIR) provides professional and quality service while managing properties. We oversee all necessary aspects when managing a property. We ensure each property is managed and maintained properly, providing each owner with an online access to everyday operation of each property.

 

 

SOME OF OUR SERVICES

The following is a list of the tasks property managers commonly perform for owners. You may only need some of these property management services, and the property management companies you interview may offer more or less than what is listed here.

Evaluate the property and determine an accurate rental rate

Perform detailed documentation of the interior and exterior including photos

Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.

Gather data on rental rates in the area and work with owners to determine the optimal rental rate. Rent research will vary, but should include looking at the recently rented comparables according to size and type.

Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.

Install a lock box

 

Market the property for rent

Prepare home for rent

Clean home and optimize interior appeal

Landscaping to increase curb appeal

Create ads tailored to the property and advertising medium

Work with other realtors and leasing agents to find a tenant

Meet prospective tenants for showings throughout the week and weekend.

Provide prospective tenants with rental applications that are legally compliant with fair housing laws

Collection of the applications with application fee

Tenant Screening and Selection

Perform a background check to verify identity, income, credit history, rental history, etc.

Tenant Move In

Provide with Florida Bar approved leasing agreement

Confirm move in date with tenant

Recommend various providers (Moving companies, Cable companies, Insurance Companies, etc.), if needed

Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance

Ensure all agreements have been properly executed

Perform detailed move in inspection (walk through) with tenant(s) and have tenant(s) sign a report verifying the condition of the property prior to move-in.

Collect first months rent and security deposit

Keep last rent ad security deposit(s) in escrow account

Rent collection

Receiving rent

Hunting down late payments

Sending out pay or quit notices

Enforcing late fees

Legal

Advise in the event of a legal dispute or litigation

Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.

We comply fully with the Fair Housing Act. If you have additional questions on the specifics of the Fair Housing Act, please let us know and we can send you a link to see the details.

Evictions

Recommend various attorneys, who can help you to fill relevant paperwork to initiate and complete an unlawful detainer action or eventually represent the owner in court, coordinating with law enforcement to remove tenant(s) and tenants possessions from unit

Inspections

Perform periodic inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.

Allow the owner 24 hour access to reports regarding each property

Financial

Provide accounting property management services, if needed

Make payments on behalf of owner (Mortgage, insurance, HOA dues, etc.)

Detailed documentation of expenses via invoices and receipts

Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)

Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form

Advise owner on relevant tax deductions related to their rental property

Maintenance, Repairs, and Remodeling

Establish a preventative maintenance policy to identify and deal with repair needs

Provide an network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code

Provide and oversee an maintenance, handyman and professional contractors crew, if needed

Request the estimates and assign jobs to different parties (handyman and professional contractors) based on who will do the best job for the best price

Maintain outdoor areas

Landscaping and Leaf removal

Removing trash and debris

Request a cost estimate(s) from different professional contractors, based on who will do the best job for the best price, if a larger renovation or rehab project(s) needed

Get multiple independent bids for the work

Overseeing the work of handymen and contractors

Provide recommendations on how the project can maximize rental income

 

Tenant Move Out

Inspect unit (walk though) and fill out a report on the property's condition, when the client moves out

Provide tenant with a copy as well as estimated damages

Return the security deposit or the balance of the security deposit to the tenant following the laws

Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.

Clean unit and perform and needed repairs or upgrades

Re-key the locks

Put the property back on the market for rent

This isn't intended to be a comprehensive list of property management services, but it should give you a fair idea of the scope of a property management company's activities.


 

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