Rental property can be a great investment tool in these current economic times. Maintaining a successful rental program can be difficult. Quality control is the critical component.  Whether you have one property or multiple properties, why not consider letting me help take care of your rentals? As a new agent, I will dedicate myself to aggressively marketing your properties.

Why should I utilize a property management company?
Property management companies can save the owner time and take the guesswork out of the necessary day-to-day management of your investment property. Paradise Coastal Realty, Inc. utilizes its resources to market the owner’s property and find the most suitable tenants. We collect rents, handle all tenant communications, use up-to-date lease agreements designed to protect the owner, coordinate vendors to maintain the owner’s property and provide the owner with updates and statements.

How much do property management services cost and what is included?
Property management service fees vary according to the term of the rental and the size and location of the property. Fees and services that are typically included:

Monthly management fee- 8-10% of the monthly rental rate 

• This fee is collected monthly for managing the property. For this fee, we handle rent collection, tenant communication, maintenance  requests, and vendor supervision on the owner’s behalf. For the months the property is rent-ready but vacant, a flat monthly walk-through inspection fee of $25.00 is charged. If the property is under rehabilitation, this fee will not be charged. In addition, owner accounts  will be billed for the cost of lawn mowing during periods of vacancy. If an owner wishes to maintain their own lawn services during  periods of vacancy, we request a written verification for the file. Monthly pest control will be billed to the owner's account, as needed.

Lease-up fee- $295.00

• This fee is collected for leasing a vacant property or unit. For this fee, we obtain rental applications, run background and credit checks and verify income/assets of potential tenants. This fee also covers our services for drafting residential lease agreements, addendums and overseeing all aspects of moving a new tenant in. The lease-up fee covers all initial costs to set up bookkeeping, record keeping, banking and communication systems for a new owner or property.
  

Reserve fund- $150.00

• We ask that our clients maintain a reserve fund of $150. The money is used for repairs or maintenance and is refundable if not used. We obtain owner approval for any maintenance request which exceeds the $150 reserve fund. Maintenance or repair costs which exceed $150 will referred to the owner, along with three written quotes, when feasible. Repairs of an emergency nature (plumbing, ac/heating, etc.) will be procured as quickly as possible.
  

Lease renewal- $50.00

• Should a tenant choose to renew a lease at expiration or or the tenant goes on a month to month option, the $50.00 lease renewal fee will apply rather than a new lease-up fee. This encourages a positive tenant/management/owner relationship.
  

Home Monitoring Service

A low cost option for having your home monitored while you are away. 

Prices start at $20.00 per month and vary depending on the type and size of the property.

We will visit your property on a regular basis to ensure there are no compromises of the interior or exterior and remove any mnior debris such as phonebooks, junk mail placed near doorway and mailbox. We will ensure all doors and windows remain locked and the home remains safe and secure! We verify the utility status and look for for water leaks and ensure lights/water heaters are turned off.