Orlando Property Management and Orlando Home Rentals

Orlando Home Rentals and 
Property Management

 
This Website is For Sale
(407) 375-5598

​Why Use Our Long Term Property Management Company?

While there are many reasons clients choose our company over others ... here are some of the key reasons many people elect to have our long term property management company handle their property management needs:

• We are organized so that every team member works for all of our customers.

• We have more in-depth knowledge of the Central Florida area than any other brokerage.

• Our agents receive the very best available training and support.

• In order to improve our efficiency and effectiveness we invest heavily in support technologies.

• We maximize these technologies in our Marketing, Management, and Communications.

This leaves us with more time for one-on-one communication with our owners. We believe that an educated owner is our best customer, so we make extensive information freely available to better inform our customers. We have a strong commitment to raising the standards of business integrity and dedication to our customers’ best interests. This standard is rigorously supported by all team members.

Here are some additional points of note:

1) We handle maintenance and emergency repairs, allowing you to sleep at night.

2) We enforce collection of rents and serve the proper notices upon failure to pay.

3) We understand and apply the correct federal, state, and local laws, keeping you and your investment out of trouble.

4) We know the local market, have an extensive network of contacts, and have advertising resources available to us at discounted rates. This allows us to effectively market your vacant home to prospective residents to get it filled.

5) After you add up the increased rent we can often command, the discounts you'll receive on advertising, and the company rate we get on repairs, you'll often make more money than if you managed the property yourself!

6) We comply fully with the Fair Housing Act.

7) We will provide you a monthly report of rent and other income received, and maintenance, repairs, and other expenses incurred. This will be provided once per month.

As the leading long term property management company in Florida, we fully appreciates all the concerns of absentee homeowners and provides a complete turnkey, reliable and worry-free service that sets the standard for the industry.

We use the very latest in computer technology to give our owners 24/7 access to their account status, and maintenance updates. The company employs the most relaible maintenance staff, carries out regular home inspections and mandates a strong preventative maintenance schedule for all its owners; thereby insuring that every property is maintained in pristine condition and ready for immediate occupancy.

Sample Home Owner Docs

ORLANDO FLORIDA
LONG TERM PROPERTY MANAGEMENT COMPANY

 

EXCLUSIVE MANAGEMENT AGREEMENT

The undersigned owner hereby employs our company exclusively to rent, lease, operate and manage the real property located at:

_______________________________________________________

_______________________________________________________

to be effective beginning _____________________ for a term of one year and automatically renewable for yearly periods unless terminated by either party by giving 60 days written notice prior to the anniversary date.

The anniversary date is the date the agreement is signed by the Owner. A Cancellation Fee of $1,000 per unit is warranted should the owner cancel this agreement before the end of the contract. **General release from the agreement applies if we have not been able to lease the property within 150 days from the beginning date, at which point no cancellation fee shall apply (any advertising costs incurred by the brokerage would be reimbursed by the Owner).

Brokers Obligations:

Leasing---To pay limited cost of advertising for the property, to rent when vacant and display signs. To execute leases and lease renewals relating to the property. To terminate tenancies and serve notices to tenants. To prosecute in the name of the owner, legal actions to evict tenants and recover rents and other sums due, to settle, compromise and release such actions. To employ an attorney or collection agency when necessary for the above actions, at the owner’s expense.

Rents---Full management and control of the property with the authority to collect rents, deposits and other money from the tenants and issue receipts. To deposit money collected and place security deposit money in a security account as required by law. Broker will not be liable in the event of bankruptcy or failure of the depository. Broker shall not be liable for bad checks or money not collected from a tenant but will make every effort to collect.

Maintenance---We may contract and supervise minor repairs, to purchase necessary supplies and to pay all bills and charges from the owner’s funds. The owner will need to approve repairs and improvements that exceed $300 in cost. Owner agrees this amount will be held in reserve. The exception is when an owner is not reasonably available for consultation or for the protection of the property or in an emergency. Broker does not guarantee service contracts or maintenance service. *If owner has particulars, owner needs to provide all information in writing to Broker.

Major Repairs or Improvements---Broker may charge a supervision fee of 10% for any repairs to the unit.

Disbursements---To accrue and make disbursements from the owner’s net rental funds to the owners designated bank account. *Also, out of the first month of the lease, the brokerage will hold a $300 balance in owner’s management account in order to have money to maintain property during any vacancy that occurs.

Monthly Statements---We will render monthly itemized statements for receipts and expenses monthly. Owner assumes full responsibility for payment of any expenses incurred in connection with the exercise of Broker’s duties set forth herein. It is understood that the Broker has the power necessary to carry out the spirit and intent of this agreement relating to leasing, management and operation of the property described. In spite of any delegation of the authority contained, it is understood that the Owner has the exclusive power of active management of the property.

Owners Obligations:

Brokerage Fees---Owner agrees to pay Broker a fee for services rendered at the rate set forth below. Owner recognizes Broker as an independent contractor and as the agent relative to the property during the term of this agreement. Broker will deduct the fees due from the monthly receipts. Broker may collect from tenant NSF check fees and/or late fees and these funds need not be accounted for to the Owner. Broker will retain all NSF and or late fees collected. Broker reserves the right to place a lien on the property for money due to the Broker by the Owner.

Management ---10% of the monthly rent and additional rent collected after the first month of the lease. Delivery Fees, NSF Fees, Late Charges, Eviction and Stipulation Fees and Scheduling Fees are the property of the brokerage even though they are called “additional rent” in the lease. Should the broker be required to file eviction on tenant for any reason at any time, we will charge tenants $150. This may be deducted from the tenant’s deposit.

Leasing---A $500 initial placement fee will be deducted from the first month’s full rent for any tenant placed by the brokerage to repay advertising expenses. All lease renewals with inspection are charged at 30% of a month’s rent.

Sale or Exchange---If owner decides to sell property, the Broker has the right to an Exclusive Right of Sale Listing Agreement at five percent (5%) commission.

Hold Harmless---Owner agrees to hold the Broker harmless from all damage suits in connection with the management of the described property with the exception of willful negligence. Owner will carry at his own expense adequate liability insurance. If suit is brought to collect the Brokers fees or if Broker successfully defends any action brought against Broker by the Owner, the Owner agrees to pay all costs incurred by the Broker in connection with such an action, including but not limited to a reasonable attorney’s fee. Broker shall not be responsible for any injury to any person at the Owners property.

Signage--- Broker has the right to place a company, which can include ‘For Rent’ and/or ‘Managed By’ signs on the property at any time during the course of this agreement.

Data and Records---Owner will provide any data records or documents pertaining to the property, including homeowner’s rules and regulations, which the Broker may require to properly exercise his duties. Two sets of keys are to be provided to the Property Manager.

Governing Law---This agreement shall be governed by, and interpreted and enforced in accordance with the laws of the State of Florida. This agreement shall be binding upon the successor and assigns of the Company and their heirs, administrators, executors, as well as the successors and assigns of the Owner.

_________________________ IN WITNESS THEREOF, the parties hereto have affixed or caused to be fixed their respective signatures as of the dated shown below:

Owner:

Signature: _____________________________

Print Name: ____________________________

Social Security # ________________________ or TIN # _______________________

Telephone # ___________________________

Email: ________________________________

For Office Use Only:

On behalf of our company:

Broker: ______________________ Date Signed: ___________

Title: ___________________________________

Long Term Property Management Services Provided

As a full service management company, we are dedicated to handling all the management needs of your property on a day-to-day basis. Your property manager will handle all the details associated with maintaining the property and dealing with tenants. Here are some of the services we perform:

• ADVERTISING

We handle the placement of all advertising -- signs, newspaper ads, website advertising, rental lists, and referrals.

• SHOWING / APPLICATIONS

We receive and process all calls from the advertising. We require a detailed rental application to be completed, then each application is thoroughly evaluated and screened before approving a prospective tenant.

• RENTS

We collect your rents and provide monthly statements. We review the rents at the end of each lease period to assure that your property is receiving its best income potential according to the prevailing market conditions.

• TENANT RELATIONS

We maintain a good professional relationship with each tenant. Our goal is satisfied long-term tenants who pay the rent on time and take care of the property.

• MAINTENANCE

We have experienced maintenance and repair people available to handle all needs as they arise. These professionals have been chosen because they have proven to be honest and competent, and their services are reasonably priced.

• DEPOSITS

We require ample security deposits to secure the tenant's pledge of full compliance with the terms of the lease. Security deposits are held in an escrow account according to Florida Statutes.

• FEES

Our management fee is a small percentage of the gross monthly rent collected (10%), and our leasing fees are reasonable and competitive ($500 on initial placement) . When your property is vacant, we are working actively to advertise and secure a suitable tenant, and we are continuing to take care of all the maintenance and repair needs -- if any -- as they become necessary.

• STATEMENTS

We send you an itemized statement each month showing:

1. Rental income

2. Management fees

3. Other expenses (if any)

4. Net amount to owner

Your net check will be included with each statement. Statements are processed between the fifteenth (15th) and the twentieth (20th) of each month. At year end you will receive a Consolidated Profit & Loss statement along with your 1099-Misc. Form for easier tax preparation.

• AVAILABILLITY

We maintain regular office hours 9:00 AM to 5:00 PM weekdays. All of our property managers have e-mail accounts for communicating with our owners and an on-call person is always available after hours for emergencies.

Welcome to Orlando Property Management and Home Rental Division

Innovative Development Group - Long Term Property ManagementSearch Our Orlando Homes for Rent

Our Orlando Property Management Company makes it easy to rent a well maintained home at a great price. Our fully trained staff specializes in the management and rental of both residential and commercial properties and is dedicated to handling your interests on a day-to-day basis. We provide full service property management, regular accounting, reasonable rates, and 24-hour availability for emergencies. 

We are a full service real estate company and are the very best at introducing Buyers to Sellers and Tenants to Owners.

Why You Should Our Group As Your Property Management Company:

Long Term Propety Management Financial Meeting• Our long term property management home owners stay with us for years.

• We supply outstanding levels of rental income for your property.

• We offer the highest possible occupancy rate for your property.

• The homes under our long term management are well maintained, clean, ready for long term renters.

• Our long term property management staff are available to help and will return phonecalls promptly.

• We account for every penny of income and expense, ensure full transparency, give our owners access to their account 24/7 and issue both monthly statements and market reports for every property we manage.



Our company fully appreciates all the concerns of absentee homeowners and provides a complete turnkey, reliable and worry-free service that sets the standard for the industry.

We use the very latest in computer technology to give our owners 24/7 access to their account status and rental income. The company employs its own in-house maintenance staff, carries out regular home inspections and mandates a strong preventative maintenance schedule for all its owners; thereby insuring that every property is maintained in pristine condition and ready for immediate occupancy.

We are part of a much larger group of inter-related companies that handle the sale, mortgage, management and rental of properties throughout Florida. By banding together as a larger group, we are able to obtain the best advertising positions, contracts and rates from a variety of media vendors, both here in the US and throughout Europe. For clients who hold a mortgage against their property, this will produce the extra income needed to help offset their repayment schedule.