Proactive Property Management

Do you manage your own investment? Is this your full time job or are you typically busy with your day job and only get to your property problems on nights and weekends.  If that’s you, then you probably manage your investment property(s) in a “Reactive” mode.  You let events and circumstances set your agenda. Every tenant email and tenant phone call catches you by surprise. Huffing and puffing, you painfully scramble to react to keep your investment afloat. Reactive management is exhausting, overwhelming & frustrating.

However, “Proactive” management is anticipating maintenance events, potential problems, and related tenant demands and then planning ahead for them. To be proactive, you have to ask yourself what is likely to happen, and react to it before it happens. Being proactive means being able to anticipate what the future will be and react accordingly before it actually happens.  The problem is, if you self manage, you really can’t be proactive at the expense of your day job.

Hiring a property management company may seem like an added, and maybe even unnecessary, expense. But, a property management company can actually increase the value of your investment thereby increasing your profit. Good property managers focus on being proactive and prevention, reducing the instances of repeat repairs due to mistakes and help keep tenants happy. Also, having a professional manage your property can help you focus on your day job, which in turn can help you add more properties to your investment portfolio.

Are you ready to start being proactive and bring order to your investment? Then Octazon Management has got you covered and can take away your property management headaches and distractions. Octazon is a full service property management company with cutting edge cloud based management technology that provides a wide range of property management services for the single family home and condo investor, to the management of apartment buildings, offices, commercial and industrial properties. Our advanced technology allows us to stay connected and maintain transparency with our clients. Our team can handle everything from tenant and vendor management to maintenance and landscaping, to preparing leases, handling code violations, insurance claims & tax appeals. With Octazon, we bring order to residential property ownership.

Call us 888-324-9528 or email us at info@octazon.com today. Check us out @ www.octazon.com 

ATTENTION REALTORS: When providing management services to Realtors, Octazon will NOT provide the leasing, rentals or sales– so you never have to worry about losing control of your relationship with the owner. You get to focus on making the next sale and signing up the next tenant, while we handle all your management headaches  

COLUMBUS DAY – CORRECTLY DATING THE EXPIRATION DATE OF THE 3 DAY NOTICE

If you recently sent out a 3 day notice to a tenant, double check to see how you COMPUTED THE EXPIRATION DATE ON THE NOTICE.  An error, such as wrongly calculating the date of expiration on your Notice can render both the Notice, and ultimately the eviction, to be defective and you will have wasted your valuable time.

Today, 10/14/13 is a legal holiday, Columbus Day, and can not be counted as one of the days in your count of the 3 day notice.

Remember the following rules when preparing a Three Day Notice ( that you will be hand delivering or posting on the property) .

Ø  The expiration date of the notice (being hand delivered or posted) must be at least 3 business days in the future;

Ø  The expiration date can not include Saturdays, Sundays or legal holidays;

Ø  You do not count the day of service of the notice ( i.e. you start counting from the day after the date of delivery);

Ø  Keep in mind  the other upcoming legal holidays for 2013:  11/11 – Veterans’ Day &  11/28, 11/29 – Thanksgiving; AND

Ø  When preparing a 3 day notice, always check to see what holidays are coming up, as this is a huge source of incorrect notices.  Only legal holidays observed by the court (courthouse closed) in the county where the property is located must be excluded from the 3-day notice count (Read more on this in our Memorial Day article)

 

When it comes to managing your single, multifamily or commercial properties, rest easy – Octazon Management has got you covered and can take away your property management headaches and distractions. Our full-service property management company can handle everything from tenant and vendor management to maintenance and landscaping, providing 3 day notices, eviction management, detailed financial reports and many other services through our advanced technology that allows us to stay connected and maintain transparency with our clients.

When providing management services to Realtors, Octazon will NOT provide the leasing, rentals or sales– so you never have to worry about losing control of your relationship with the owner. 

With Octazon, we bring order to residential property ownership.

Call us 888-324-9528 or email us at info@octazon.com today.

Check us out @ www.octazon.com 

 

Revisions to the Residential Florida LandlordTenant Act PART III, Window Screens

Window Screens, Florida Landlord Tenant Act Revisions

Let’s discuss another change recently made to the Florida Landlord Tenant Act  namely, the Landlord’s obligation to maintain the premises in regards to window screens. 

Under the language of the prior statute, window screens have always been a nuisance to the landlord and/or its management company as they are constantly being ripped and torn for a myriad of reasons requiring the landlord and/or management company to repair or replace them.

However, under the new 2013 statutory revisions, it seems this burden has now been lessened.

The revised Statute now provides that at the start of the lease, the landlord must ensure that screens are initially installed and are in a reasonable condition. Afterwards, the landlord’s and/or its management company’s obligation are to repair them annually as needed.

Section 83.51 (b) of the Statute states: “The landlord, at commencement of the tenancy, must ensure that screens are installed in a reasonable condition. Thereafter, the landlord must repair damage to screens once annually, when necessary, until termination of the rental agreement.”

The question is if this statutory revision has any real benefit. If the landlord and/or its management company have ripped screens – regardless of what the statute says, if they don’t repair it, it may lead to a code violation under applicable building, housing, or health codes.  On the other hand, if the tenant keeps on damaging the screens, you now can insist they repair the screen at their expense or face a “notice”.

It will be interesting to see how this change really plays out amongst the tenants, attorneys and judges.  

When it comes to managing your single, multi family or commercial properties, rest easy – Octazon Management has got you covered and can take away your property management headaches and distractions. Our full-service property management company provides detailed financial reports and other services through our advanced technology that allows us to stay connected and maintain transparency with our clients. Our team can handle everything from tenant and vendor management to maintenance and landscaping, to preparing leases, handling code violations, insurance claims & tax appeals.

When providing management services to Realtors, Octazon will NOT provide the leasing, rentals or sales– so you never have to worry about losing control of your relationship with the owner. 

With Octazon, we bring order to residential property ownership.

Call us 888-324-9528 or email us at info@octazon.com today.

Check us out @ www.octazon.com