What is Property Management?
Answer: Property Management is the process of overseeing and managing residential and commercial real estate properties. This includes several activities including collecting rent, handling maintenance, tenant complaints, or taking care of all the daily operations for a property. The amount of responsibilities property managers have depends on their agreement with the owner or landlord.
What are the benefits of hiring a Property Magement Firm?
Answer: Hiring a Property Management Firm allows landlords and owners to be confident that their investment is being managed by experienced industry practitioners who understand the real estate rules and regulations. Also, it gives them peace of mind from having the responsibility of dealing with property-related matters or interfacing with tenants.
What are the responsibilities of a Property Manager?
Answer: The responsibilities of a property manager can range from solely collecting and depositing rental payments to the overall management and maintenance of your property. Additional services we provide include:
- Marketing the properties
- Drafting and execution of rental/lease agreements
- Tenant onboarding (screening and selection)
- Managing tenants
- Tenant communications
- Move-In/Out process
- Financial services (Paying all property-related bills)
- Property inspection
- Overseeing maintenance and repairs
- Ozonation and sanitization
This isn’t intended to be a comprehensive list of property management services, but it should give you a fair idea of the scope of our property management services.
How much does Property Management Cost?
Answer: SOLD Caribbeans Property Management services can range from 10-20% of the gross rent for the property depending on the type and location of the property, or a minimum of $500.00 monthly depending on the rental amount for the property. These costs do not include property-related expenses.
What are the required documents to get started?
Answer: SOLD Caribbean Limited is an FIU registered Real Estate Company and requires the following documents.
- Copy of two forms of valid Identification
- Copy of Deed/Certificate of Title
- Copy of Insurance
- Copy of most recent TTEC and WASA Payments
- Copy of most recent Land and Building Tax Receipt
- Letter of Authorization
- Copy of the Certificate of Incorporation
- Copy of the Insurance
- Letter of Authorization from the Board of Directors