Orlando Property Management Companies – Real Property Management & Realty, Inc.

During the housing crisis, foreign and out of town investors are looking outside of their local areas for investments.  (Which by definition would make them foreign or out of town investors.)  One such interest is in Orlando investment property.  Dealing with issues or problems that arise from a few states away, or even a country away can be worrisome, so looking for a local property management company that suits your needs, and more importantly your costs, is beneficial for any potential investor.  The following information is for a company dealing primarily in long term unfurnished residential properties in Orange and Seminole counties only.

Real Property Management & Realty, Inc. 

The first question on any investor’s mind screening management companies for their Orlando Investment Property, is, “How much is this going to cost?”  The primary concern, and the one that will most likely add up to the largest cost, is the monthly fee.  Real Property Management & Realty charges 10% of the monthly rent.  This company also claims to be the only company with a Tenant Eviction Guarantee.  To understand what this is I asked Ron York, founder of the company, to explain.  He said if his company recommends a tenant who has passed the background check they have performed, and if the owner for some reason has to evict that tenant down the road, Real Property Management & Realty will pay all of the court costs, lawyers fees, and any other fees associated with the eviction process.  (This is a crucial point to make, as most management companies will give a recommendation on prospective tenants, but this is the first time I’ve come across a company willing to stand behind that recommendation.  One of the most important qualities in an investor and management company relationship is trust, and I think the addition of this guarantee is a concrete step towards establishing just that.)  Part of the guarantee requires the company find a tenant, and the leasing fee is equal to half of the first month’s rent (this cost is lower than other companies which might be because it’s a requirement in order to have the company maintain your property).

Accidents happen, but keeping your investment in good shape requires timely inspections and repairs.  To act quickly on urgent repairs a reserve of $250 is required.  A security deposit, in an amount agreed upon between the Orlando investment property owner and Real Property Management & Realty, is held in trust by the company.  Also to ensure the highest quality tenant is put into your property, each prospect pays $50 for a background check consisting of national credit, criminal, and eviction checks as well as credited previous landlord checks (meaning the landlord was an apartment community or property maintained by a property management company).

In case of emergencies a 24 hour service is avaiable, which is important to both the investor and the tenant.

For more information on Real Property Management &Realty, Inc. please contact Keith Race at keith@rpmrealty.net or use the following information.

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