I think this is the right place to post but let me know if i should move it, I am currently working a job that keeps me away from home for long periods. I am looking to be gone for a full year of travel and work sprinkled in. Do property managers rent out homes that are partially furnished? I would remove things as requested such as beds and personal belongings but i have a 4 bdrm 2 bath 1850sq ft. home sitting vacant and thats just not a great thing. I could rent out room by room since i have a college close and am in a good area. Should I use a property manager to do this or what are your thoughts on the future to make it more of an investment and get some ROI. I have had 3 people who went through the whole lease agreement and were about to move in and flaked out last minute and 1 that moved in and had a family emergency a week in and had to return to Tennessee. So any advice and where I should post room for rent or a property manager in Jacksonville, Fl that would help me out would be great.
5 min to atlantic beach
10 min to UNF
4 bdrm 2 bath
living room, kitchen, 2 bedrooms fully furnished.
@Parker Nicholas there are a ton of property managers in Jacksonville. Use my checklist below to start screening them. Most people rent homes unfurnished but there are people out there that will rent partially or even fully furnished.
You can start by going to www.narpm.org to search their directory of managers. These are professionals with additional training and a stricter code of ethics. It's no guarantee but it's a good place to start. Regardless of how you find them, try to interview at least three managers
1. Ask how many units they manage and how much experience they have. If it's a larger organization, feel free to inquire about their different staff qualifications.
2. Review their management agreement. Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.
3. Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers. It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees. Fees should be clearly stated, easy to understand, and justifiable. If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee. Don't be afraid to negotiate!
4. Review their lease agreement and addenda. Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.
5. Don't just read the lease! Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc. If they are professional, they can explain this quickly and easily. If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.
6. Ask to speak with some of their current owners and current/former tenants. You can also check their reviews online at Google, Facebook, or Yelp. Just remember: most negative reviews are written by problematic tenants. The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.
7. Look at their marketing strategy. Are they doing everything they can to expose properties to the widest possible market? Are their listings detailed with good quality photos? Can they prove how long it takes to rent a vacant property?
This isn't inclusive but should give you a good start. If you have specific questions about property management, I'll be happy to help!
Thank you @Nathan G. ,
Great, Clear information and good place to start. I will start the process before I even get home to see who my potential property management could be. I appreciate the help. If anything else comes up I will reach out.