Cape Coral Real Estate Forum

User Stats

72
Posts
45
Votes
Alex Kovalenko
45
Votes |
72
Posts

User Stats

42
Posts
42
Votes
David Vanlandingham
  • Investor
  • Orlando FL
42
Votes |
42
Posts
David Vanlandingham
  • Investor
  • Orlando FL
Replied Nov 24 2022, 12:32

@Stetson Miller

User Stats

480
Posts
366
Votes
Stetson Miller
  • Realtor
  • Fort Myers, FL
366
Votes |
480
Posts
Stetson Miller
  • Realtor
  • Fort Myers, FL
Replied Nov 24 2022, 13:42

Hi @Alex Kovalenko, I would highly recommend Royal Palm Property Management, link below. Thanks @David Vanlandingham!

Royal Palm Property Management

User Stats

6,156
Posts
3,199
Votes
Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
3,199
Votes |
6,156
Posts
Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
Replied Nov 25 2022, 10:06

@Alex Kovalenko

Even if someone give you a referral, what meets their expectations, may not meet yours.

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

It's often a case of not doing enough research, as they don't know what they don't know!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.

EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!

This also leads owners to ASSUME simpler is better when it comes to management contracts.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord. Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:

https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Please send us any feedback via email, as we do not use the DM feature here.

User Stats

4
Posts
1
Votes
Samuel Kaplan
  • Rental Property Investor
  • Fort Myers, FL
1
Votes |
4
Posts
Samuel Kaplan
  • Rental Property Investor
  • Fort Myers, FL
Replied Nov 30 2022, 09:53

Rentifi Property Management has always helped me with my rentals.  Worth checking out: Rentifi Property Management (239) 689-7770

User Stats

319
Posts
239
Votes
Peter Davis
  • Real Estate Broker
  • Cape Coral, FL
239
Votes |
319
Posts
Peter Davis
  • Real Estate Broker
  • Cape Coral, FL
Replied Dec 1 2022, 04:18

@Alex Kovalenko

If you're looking for a STR property manager I have someone for you. They work exclusively in Cape Coral.

www.prestigevrhomes.com

239-560-6292

Real Estate Agent FL (#3302102)

User Stats

42
Posts
42
Votes
David Vanlandingham
  • Investor
  • Orlando FL
42
Votes |
42
Posts
David Vanlandingham
  • Investor
  • Orlando FL
Replied Dec 1 2022, 04:23
Quote from @Samuel Kaplan:

Rentifi Property Management has always helped me with my rentals.  Worth checking out: Rentifi Property Management (239) 689-7770

Samuel, aren’t you the General Manager of Rentifi Property Management? 

User Stats

4
Posts
1
Votes
Samuel Kaplan
  • Rental Property Investor
  • Fort Myers, FL
1
Votes |
4
Posts
Samuel Kaplan
  • Rental Property Investor
  • Fort Myers, FL
Replied Dec 1 2022, 07:26

I am and I also have my rentals with the company.  Bigger Pockets removed my post because it was self promoting.  

User Stats

692
Posts
261
Votes
Adam Bartomeo
  • Real Estate Broker
  • Cape Coral, FL
261
Votes |
692
Posts
Adam Bartomeo
  • Real Estate Broker
  • Cape Coral, FL
Replied Dec 8 2022, 10:46

@Drew Sygit @Alex Kholodenko I agree with Drew. A PM will make or break your investment. I always recommend working with someone who is an investor themselves. They will have hands on experience and knowledge that will far exceed a normal licensee. Their years of experience as well as the amount of properties they manage/own are also important factors.

User Stats

5
Posts
5
Votes
Elise Newberry
  • Real Estate Agent
  • Fort Myers, FL
5
Votes |
5
Posts
Elise Newberry
  • Real Estate Agent
  • Fort Myers, FL
Replied Dec 29 2022, 09:40

Hi @Alex Kovalenko.  If you are still in need of a Property Manager, I have a great recomendation for you.  His name is Jarrett Simpson. (239-299-7473) He is a local realtor and runs his own Property Management Company.  I am one of his content clients.