1) Do you really know what to look for when screening a prospective tenant who wants to rent your property?

Placing an unsuitable tenant into your property can be a living nightmare. Firstly, you have to evict the unsuitable tenant. Next, you might have to repair damages that the tenant has made to your property. Even worst, you have to do all of this while you are not collecting income on your property. And yes, it does get worst; you have to once again look for another tenant. This cycle can be vicious, lead to frustrations and headaches that could have been avoided in many cases if you were only able to correctly screen the prospective tenant in the first place.

This is where yellowkeyrealty.com comes in. We can help in the process of credit checks, background checks, employment and income verification, rental history verification, and much more. An unsuitable tenant is a tenant that can cost you a lot of money in the long run. Totally not what you are in the landlord business to do.

2) What happens when you get the tenant from hell and you want to evict him or her? Do you know the legal process and have the proper notices to deal with nonpaying tenant?

There are actual procedures to follow when evicting a tenant. You might actually get in big trouble with the law if you evict a tenant without following these procedures. Are you really in the mood to fly down to Florida (if not local) and show up in the court house to file a case against a tenant that is behind on his or her rent?

3) Are you aware of the laws and regulations in Florida concerning renting out your property or even denying the application of a prospective tenant? Do you have a current lease and related agreements/forms to minimize your liability exposure should a tenant decide to sue you? Are you up to speed on fair housing and landlord/tenant laws in the jurisdiction(s) where your property is situated?

What you don’t know can get you sued. We are not lawyers by any means, but we are practicing real estate professionals who help landlords and tenants to navigate the murky landlord/tenant process. We have the lease agreements, the tenant applications, and other resources that can help to help protect your interests as a landlord.

4) Are you really saving money by not hiring us as your property manager?

Well that depends. Do you live locally to the property that you intend to rent out? What happens when an appliance breaks or the AC stops working and you need to find and then arrange for someone to fix the appliance/AC? You might even have to fly down to visit the property if you are out of state to ensure that the property is being properly maintained or you might have to wait on the appliance/AC repair person to come in and fix the items that need fixing.

TIME IS MONEY. So if you have to spend your precious time to do anything related your rental unit then you might as well consider that as a cost to you. Now how much is your time worth and how much of your time would you have to spend on a rental unit? When you do that calculation a lot of times, you will find that it comes out significantly cheaper for you to just hire us as your property manager while you sit back and collect your hard earned returns from your property. That’s what it’s all about. We do the work; you do the collecting...

5) Why would you use a yellowkey property manager if your community has an association/management company that maintains the outside of the property?

The property management for your building very likely and in most cases not looking out for your interests as a landlord. Their duty is to the community itself. We are there to help maximize your returns as an investor.

Give us a call at 1-954-369-1486 to get started or contact our agents online.

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