FREQUENTLY ASKED QUESTIONS
As a leading luxury property management company in North Florida, WaterMarke Management Group strives to create a profitability plan that is customized to each owner for their property. Our goal is to ‘Maximize profitability of your rental property by Maximizing your marketing exposure and Minimizing your risk.’
When you hire a property manager, it is important that you review their management agreement carefully so that you understand what you are agreeing to. It should include: Services & Fees, Responsibilities of Property Owner, Comply with Fair Housing, Liability, Contract Duration and Termination Clause.
Tenants are screened using a 3rd party screening company that performs a background & credit check. This is followed by verification of income & rental history.
Each property has unique agreements, any additional fees will be disclosed before a Leasing Agreement is executed.
Essentially, when we manage your property, we handle all aspects so that you do not have to. This includes marketing and placing the tenants, collecting and distributing funds, managing tenant concerns and maintenance issues, managing all terms of the lease through its term.
We prepare a comparative market analysis and give you a suggested range. You determine the rate you wish to market.
Online tenant portal.
We conduct scheduled inspections of the interior of houses at 3 and 9 months and the exterior at 6 months. However, we also enter as needed including maintenance needs. We do not charge additionally for inspections.
We market through NFLMLS, our website @ WMGFlorida.com, AppFolio, AHRN for military, North Florida Photography, featured by our social media manager on Facebook, LinkedIn, yard sign, incentives to other brokerages, also sent to our partnership with WaterMarke Real Estate
Depends greatly on price and season. Spring is best. Owners who want to stick to a price might have their property on the market for months. If priced right, a lease should be in place within 30 days or less.
See application criteria.
Terms are controlled by you through WaterMarke Management Group; length, rate, special stipulations. Our leases are written by our attorney who specializes in Florida Landlord/tenant law and we comply with all Fair Housing.
Each month when you receive your statement and when changes occur or are due to occur with a lease. Special approval for expenses exceeding the maintenance limit.
Preferably 1 year so each renewal can be evaluated. We write leases greater than 6 months.
Standard in the northeast Florida market is the equivalent to one month’s rent providing an applicant meets rental criteria. Exceptions would be approved by the owner and often additional deposits would be required.
Tenants are obligated to the lease unless under military orders. Tenants may vacate by paying a two month penalty providing the clause is written into the lease. If not, terms can be negotiated.
Follow the link below. Licensed agents, such as ours at WMG are educated in this act and others related to housing and we follow all aspects.
Security deposit claims can be complicated. We advise owners in each case regarding what will or will not be likely challenged.