It only takes one storm to change your life and community.
Although hurricane season does not official begin for another 30 days, this is a good time to talk with your family about hurricane preparedness.
- Determine your risk … Wind? Water? Loss of electricity?
- Develop an evacuation plan
- Assemble disaster supplies
- Perform an insurance check-up, i.e., call your insurance agent & talk about homeowners insurance, repair vs replace, car, boat, etc
It is important to remember the following tips for maintaining a good relationship with your property management company. If you have hired them to protect your investment and assume the responsibility of taking care of the needs of your tenants, there are several things you must do to fulfill your end of the bargain.
Pay Your Fees on Time
Pay your property management fees on time and in full as they are incurred. Your fees are agreed upon when you sign your contract, as well as when they are due on a monthly or bi-monthly basis. If you have a question about your invoice, ask questions as soon as you get it. Don’twait until it is due.
Let Them Do Their Job
If you hire a property company to work for you, let them do their job. They are professional managers for a reason and understand how things work with the contracts and property maintenance schedules. If you have concerns, talk to the management team, but allow them to do their job. That’s what you pay them for.
Take Their Advice Into Consideration
When it comes to problems or issues with the property, listen to your manager’s advice. They are in the business of managing properties and understand how to professionally handle many difficult situations. Even though it is up to you to make the final decision, take their advice into consideration. It will save you time and money in the long run.
The above tips for maintaining a good relationship with your property management company will pay off in the long run, allowing you the benefit of profiting from your properties without the day to day headache of being a manager.
There are 2 federal laws that contain very serious & expensive penalties for property management if there is not 100% compliance.
Federal Fair Credit Reporting Act
Adverse Action Letters are required if:
- Adverse action (i.e., denial) is taken based on whole or in part on information in a consumer report
- Adverse action is taken on a completed rental application
- Adverse action is taken on an incomplete rental application
- Adverse action is taken if a counteroffer is made for credit and the applicant does not accept the counteroffer.
We never release credit reports to anyone, including the applicant or his/her spouse
- Only Resolve Partners can release credit reports.
- Refer all such requests/inquiries to Resolve Partners
Federal Residential Lead-Based Paint Hazards Action
For all dwellings built before 1978:
- An EPA-approved information packet must be provided prior to signing a lease
- Disclosure of any known information about lead-based paint prior to signing a lease.
There are no exceptions to these federal laws and the burden of proof rests with the property manager. We at T. R. Lawing Realty work very diligently when dealing with rental applications, credit reports and/or dwellings built before 1978.