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

Market the property for rent

• Prepare home for rent. Clean home and optimize interior and exterior appeal. Manicure landscaping to increase curb appeal.
• Create ads tailored to the property and advertising medium. Some of the mediums commonly used are: Creating unique ads on
  rental listing websites, print publications, signs, MLS, fliers and social media.
• Field calls from prospects for questions and viewings and send applications to all applicants as in accordance with the Federal Fair Housing Act.
• Meet and interview prospective tenants.

Tenant screening and selection

• Perform a background check, income verification, credit history with scores from credit reporting agencies, rental history, etc.
• Check references and social media accounts
• Grade tenant according to pre-defined tenant criteria
• Inform tenants who were turned down

Tenant move in

• Draft lease agreements we only use Far-Bar contracts that are approved by the Florida Bar and Florida Supreme Court
• Establish move in date with tenant
• Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance
• Ensure all agreements have been properly executed in accordance with the Florida statutes
• Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
• Collect first month’s rent and security deposit move in monies

Tenant move out

• Inspect unit 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. Issue notice of intent to claim damages as required by s. 83.49(3), Florida statutes
• Disburse escrow/security deposit in accordance with the Florida statues by s. Section 83.49, Florida statutes
• Clean unit and perform and needed repairs or upgrades
• Re-key the locks if necessary
• Put the property back on the market for rent

Rent collection

• Receiving rent and distributing accordingly
• Issuing late rent notices as required by s. Section 83.56(3) and (4), Florida statutes
• Sending out pay or quit notices
• Enforcing late fees

Evictions

• Filing relevant paperwork to initiate and complete an unlawful detainer action
• Representing the owner in court with the proper attorneys or by power of attorney.
• Coordinating with law enforcement to remove tenant and tenants possessions from unit

Financial

• Provide accounting property management services
• 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

Establishing relationships with HOA & condo associations

• Making sure tenants understand and abide by property association rules
• Insuring that the property is compliant with all HOA & condo associations by laws and screening process.

Maintenance, repairs, and remodeling

• Establish a preventative maintenance policy to identify and deal with repair needs
• Provide only licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code and Sunny & Associates standards.
• Larger renovation or rehab projects: Provide recommendations on how the project can maximize rental income. Prepare preliminary cost estimates. Get multiple independent bids for the work. Act as general contractor overseeing the work.