Property Management Services Overview
Tenant Application Process
We strive to provide you with the highest quality tenant possible. Our application is conveniently located online. Everyone over the age of 18 must submit a separate application. Non-married tenants must qualify individually. This ensures that the rent can still be paid in the event there is an issue and a roommate moves out. Our tenant application process includes the following:
- Credit Inquiry: Qualified tenants must have a credit score of 680 or higher unless you have approved the use of a cosigner. In order to qualify for a cosigner, the applicant still must have least a 620. The cosigner must have a credit score of 700 and cannot be a tenant.
- Rental References
- Background/Criminal Inquiry
- Verification of Employment: Applicant must provide proof of net income to be double the rent with either a pay stub or letter from employer.
- Eviction History
By performing an in-depth screening, we are abIe to maintain a higher standard of qualified tenants.
Protecting Your Investment Property
Navarre Beach Realty, Inc. (NBR) conducts a safety inspection and inventory of your home and property. Photos are taken prior to tenant occupancy and again after move out. An inspection checklist is completed at both intervals and kept on fiIe.
Marketing and Tenant Acquisition
Navarre Beach Realty, Inc. (NBR) uses online advertising to promote interest in your property to potential tenants as quickly as possible. We include your property on the ReaItor′s MultipIe Listing Service (MLS) as welI as numerous home sale and rentaI directories. These include but are not limited to the following:
- Navarre Beach Realty, lnc. website
Our initial home evaluation is free! This evaluation includes visiting your property to evaluate its status, taking photos for advertising purposes, and MLS price comparison to determine a fair market rental price. We have a one-time set up fee of 30% of monthly rent price which is collected once the first tenant has made the first rent payment. This set-up fee is charged only once for the duration of NBR′s management of your property, not for every new tenant. Our management fee is 10% of the monthly rent amount received. Management fees are charged only when rent is collected.
NBR maintains a list of trusted, licensed. and insured contractors who perform repair and maintenance services at affordable rates. We do our absolute best to keep you informed of all repairs. Non-emergency repairs that exceed your maintenance Iimit ($400) are subject to your approval prior to repair. Emergency situations that require immediate action for the protection and preservation of your property or the safety of your tenant will be completed and charged to you at the discretion of NBR. We urge homeowners to establish a financial reserve containing sufficient funds to meet necessary repair costs. Tenants can contact us after-hours for emergency maintenance at (850) 936-0701.
Please consider contacting your insurance company to change your homeowner’s policy to fire and general liability insurance (landlord policy). This may lower the cost of your insurance policy. Tenants are advised to purchase renter′s insurance for the protection of their personal property. When contacting your insurance company, we would also encourage you to find out if your policy has any breed restrictions for pets that would be allowed in your home.
Rent is due on the first day of each month. If rent has not been paid by the 3rd, we will make contact with the tenants by email, phone call, text message and/or personal visit to ensure the rent is paid. As part of our accounting services, we perform/adhere to the following:
- Deposit advanced rent and security deposits in a Florida non-interest bearing escrow
- account at Regions Bank in Navarre, Florida
- Collect security deposit equal to one months’ rent prior to occupancy
- Maintain work orders and receipts on file for five years
- Provide owners with IRS 1099-MISC for tax reporting purposes
- Provide owners with access to an online portal that shows monthly statements, work orders, invoices, tax documents, and allows you to make owner payment contributions in case of a large repair that would exceed your rent payout
- Pay owners via ACH bank transfer about the tenth of every month
Owner Move Out Reminders
We ask homeowners to leave your property in the same condition we expect the tenants to leave your home. If you do this, your first tenants are likely to take better care of your home as it sets a good precedent. Some general tips that we like to remind homeowners of are listed below. If you need recommendations for vendors to help you with these items, we would be happy to recommend someone for you!
- Cleaning: Please be sure to leave your home clean. Some areas homeowners tend to miss are ceiling fans, baseboards, window sills, and inside appliances.
- Carpet Cleaning: We require all of our tenants to have the carpets cleaned at move out. If possible, please have clean carpets for your first tenants. If you have pets, we recommend a dry clean instead of a steam clean to prevent lingering odors.
- Walls: We recommend you have neutral paint colors. This is not a requirement, but it is not uncommon for tenants to decide not to rent a home due to bright or non-neutral paint. We also request that you patch and paint all nail holes so your first tenants have a clean slate!
- General Maintenance: Please ensure everything in your home is working properly. If anything is not, please let us know so we can help you get it repaired. Our tenants are required to have all light bulbs and smoke detectors working at move out and install a new air filter. We ask homeowners to do the same.
- Exterior: Please ensure that the lawn is mowed close to your move out date. If your home has a vacancy period, especially in the summer, we may recommend the lawn be mowed prior to your tenant moving in. We will be happy to contract this out for you and usually handle this on a case-by-case basis.
- Appliances/Manuals: Many homeowners have manuals for their home and/or kitchen appliances. Please leave these items in the home in a binder for your tenant’s reference. We encourage you to take photos/record your appliance model numbers in case they need to be replaced.
Eliminating Landlord stress is our mission! Owners are encouraged to stop by and meet your Broker and Property Management Team face-to-face. If you have any questions or concerns, please visit our office and meet your future property management team! We will be happy to answer any questions or comcerns you have in person. However, if you are unable to come see us, please feel free to contact us by calling 850-936-0701 or emailing [email protected].