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Upcomming Events:

Century 21: San Diego Conference

At Hotel Del Coronado 1500 Orange Ave Coronado, CA 92118

619-5238490

Oct 18th - 19th


The Florida Apartment Association

Education Conference & Trade Show

Omni Orlando Resort at ChampionsGate
Oct 21-22

Especially for Independent Rental Owners


Orlando Regional REALTOR Association

1330 Lee Rd, Orlando, FL 32810 (407)816-7368

Lunch Included

Oct 28


 

Century 21: Las Vegas Event

At the Mirage in Las Vegas

March 22 - 25

 

 

 

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Q & A For Realtors Performing Property Management PDF  | Print |  E-mail
Thompson Property Management Grp. LLC

 NOW  HIRING  Property Managers.  813-425-2218, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Must have real estate license and CRMS.


Sponsored by Ann Thompson REALTOR, CRMS          

        Author's Bio:
AnnAnn Thompson is a Tampa native serving the Real Estate profession for over 23 years. She is a Certified Property Landlord , A member of the National Assoc. of Residential Property Management. Real Estate & Mortgage Broker, President of Thompson Property Management Group LLC , Ann Thompson & Associates Realty Inc., & Thompson Education Group LLC. A licensed instructor teaching at IFREC School of Real Estate; Kambuck Resources Mortgage Broker School and the National Association of REALTORS®.  Code of Ethic to new  REALTORS®.

Co Author of “How to Soar in Sales” A sales training course approve by FREC for 14 hrs CE credits.

Serve as Director for Florida Association of REALTORS® 2004-2007, and Chairperson for Professional Development Committee at the Greater Tampa Association of REALTORS® 2007 and Vice Chair for Tampa Bay Human Rights Coalition.

As a license real estate instructor and experienced Broker/Trainer, I welcome the opportunity to Reach, Teach and Empower my fellow REALTORS by sharing my knowledge and expertise. However, I am N0T an Attorney and do not give legal advice.

Q & A For Realtors Performing Property Management

Q: If an owner sells his home and instructed me to transfer his tenant’s security deposit and advance rents to the new owner. Do we have to obtain the tenant’s permission before transferring the funds from my escrow account to the new owner? 

 

A: No. per. Section 83.49(7), Florida Statutes, provides that upon the sale or transfer of title of rental property, all security deposits or advance rents being held for the benefit of the tenants shall be transferred to the new owner, together with any earned interest and an accurate accounting showing the amounts to be credited to each tenant’s account. Therefore, you are not required to obtain the tenant’s consent prior to transferring the funds to the new owner. 

 

  

Q: I’m leasing a home that I own. The tenant has a problem with the plumbing in one of the bathrooms. What type of notice must I give the tenant before entering the home for repairs, and during what time of day may the repairs be made? 

 

A: Per. Section 83.53(2), Florida Statutes, stipulates that a “landlord may enter the dwelling unit upon reasonable notice to the tenant and at a reasonable time for purpose of repair of the premises.” The statute further provides that reasonable notice “is notice given at least 12 hours prior to the entry” and that reasonable time “shall be between the hours of 7:30 a.m. and 8 p.m.” 

 

 

 

Q: If a residential tenant doesn’t make his or her rent payment on time, may the landlord change the locks to prevent the tenant from gaining access to the dwelling? 

 

A: No. This would be a prohibited practice pursuant to Section 83.67(2), FS. Pursuant to Section 83.67(6), FS, the landlord would be liable to the tenant for actual and consequential damages or three months’ rent, whichever is greater, and for costs, including attorneys’ fees. 

 

 

 

Q: Can a tenant terminate the lease early because they are a first time home buyer.

 

A: No. Per the Florida Associate of Realtors legal hotline, There is no provision in Florida law that gives a tenant the right to terminate a written lease early based on the tenant’s decision to buy a home.    Q: When I serve a three-day notice for a residential tenant to pay rent or vacate the premises, may I include a demand for payment of security deposit, late fees or attorney fees? 

A: No. Additional charges, unless designated as rent in a written agreement, do not constitute rent, per.  Section 83.43(6), Florida Statutes. A three-day notice which demands payment of charges other than rent would be defective.  

 

 
How to market to attract investors PDF  | Print |  E-mail
 

Your ability to market and attract investors will depend upon whether or not you can facilitate the needs of the investor in advance. THE LANDLORD ACADEMY has you the real estate agent in mind when we developed the realtors page.

Take a look at these useful tips and resources.

Tip #1

Under stand the current rental market and have a strong idea were it is headed in the next few years. And what are the current effects of supply and demand, and what will be effecting it in the future.

Resources: Understanding the (SEOTA) due diligence process

To see the entire step by step due diligence process click here to view the investing 101 course outline.

Also see our economic outlook page.  

Tip #2

Providing proper education and training to the investor.

This will be hands down your most effective tool in attraction solid investors that will want to buy and sale there rental property with your real-estate company.

Resources: Perform a once a month investor training course at your office. This is a great way to attract investors to your agents and your office.

Click here to receive information about the Investing101 "training program in a box".

Tip #3

Provide the best closing gift possible to your investor client.

Provide the investor landlord who purchase there rental property's through your real estate company and who choose to manage there rentals themselves with The Landlording101 Resource: Operations Manual used all over Florida and recognized by some of the top property management companies. This makes a great closing gift.

Remember the more success the investor has the more likely they are to continue buying and saleing real estate through you.

Click here to view:
The Landlording 101 Operations Manual

Tip # 4

Offering a full service property management company.

Being able to offer your investors a top notch property management service will help to keep you investors working exclusively working with your real estate company by offering him a successful one stop shop.

Click here to view articles on why real estate companies are missing out on huge amounts of profits by not offering a property management service.

Also, click here to learn more about the property management Instant Office Program

Having your own property management office is just a click away!


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system oriented products, courses and services.

 

 
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