G & E Realty Group, Inc.
Real Estate and Management Company.
9710 Stirling Rd. Suite 110 Cooper City, FL 33024
Tel: 954-450-1174 Fax: 954-364-8535
Property Management Proposal
Property Management Fee:
· Monthly management service fee
· Gross rental commission fee
· NO management fee until rent is received
· NO over-ride on maintenance or repair work
· NO monthly charge when the property is vacant
What the management fee covers:
· ADVERTISING
-The first step in the rental process is letting renters know the property is available.
Therefore, we utilize professional marketing channels including but not limited to online
advertising websites, local and regional print advertising, placement of a “For Rent” sign on your property, Multiple
Listing Service (MLS) and continuous updating of our tenant waiting list.
Listing Service (MLS) and continuous updating of our tenant waiting list.
· TENANT SCREENING
- We want good tenants just as much as you do! We pride ourselves in the quality of tenants we are able to attract. We utilize a
full service credit report as soon as an application is received. In addition, we verify given information from previous landlords as well as
current employers. After collecting and verifying all the information, we submit the results to the homeowner for final decision to either
accept or reject the application. All application fees are covered by the applicant.
· RENT COLLECTION
- Rents are typically due on the first of the month with a 5 day grace period. We collect rent and make sure checks are approved
through our bank. Once approved we mail you the rent within 14 days after the grace period. Late notices are sent on the 6th and if the
tenant fails to make immediate arrangements for rent payment, eviction action is initiated.
*Eviction process can take up to 45 days and for additional cost.
· SECURITY DEPOSITS
- For additional protection, appropriate security deposits are always collected upon completion and acceptance of a rental
application by a prospective tenant. Applicants with pets are required to pay an additional “non refundable” pet deposit if approved by the owner.
All deposits are held until they are either refunded to the tenant upon the successful check-out inspection or are forfeited to cover
damages caused by lease violations.
· PROPERTY INSPECTIONS
- Our main job is to protect your investment property. Before new tenants occupy the property we perform a pre-inspection to verify
condition while meeting city & state codes. A “Move-In” report is generated and in some cases a camera will be used to record the visual
inspection. During the rental period we make routine drive-by inspection tours and periodic interior inspections. A written notification
will be sent to the tenant if a violation of the lease is noted. If a tenant has not shown good faith by meeting their maintenance or repair
obligations per the lease, we begin proceedings to correct any violations at the tenants expense.
· TENANT CUSTOMER SERVICE & ISSUE RESOLUTION
– There is a strong relationship between rental property profitability and the retention of responsible tenants. We minimize tenant
turnover, therefore reducing leasing and vacancy expenses by developing strong landlord tenant relationships based on courteous responsiveness
to tenant concerns and professional customer service. We will act in your best interest and try our best to save you money on future
commission fees and loss of positive cash flow.
· BILL PAYMENT, BOOKKEEPING & FINANCIAL REPORTING
- At no extra cost, we will manage the payment of bills related to clients’ properties out of their rental revenue and provide our
clients a monthly income statement detailing their properties’ performance for the month. Copies of all work orders and receipts are kept on file
throughout the year. We scrutinize bills for accuracy and handle the resolution of billing discrepancies. We will be happy to provide
duplicate copies of this information at the end of the year to help you with your tax preparations. In addition, we also provide a complete
account summary at the end of the year which is specially designed to simplify the year-end tax preparation job for you and your accountant.
· MAINTENANCE & REPAIR COORDINATION
- When maintenance or repair service is required, we will contact the appropriate professional. We hire contractors and handyman
services to perform all necessary property maintenance and make recommendations to clients on making improvements to the
properties when we feel doing so will enable them to raise their rents and increase the return on their investment. We will also coordinate
post tenancy cleaning services.
· RATE SCHEDULE *
- Fees and charges will be addressed completely in the property management agreement. Services are usually computed as a percentage of the rent, a
flat fee, or a combination of both. Examples of common charges for a standard management service are: a flat percentage of monthly
rent, a rental commission, and lease renewal fee. Examples of other individual fees are: placement fees for locating a resident and/or
charges for advertising, take over of existing management contract and/or lease fee, lease and documentation preparation fee, fees for
individual services, and eviction processing.
rent, a rental commission, and lease renewal fee. Examples of other individual fees are: placement fees for locating a resident and/or
charges for advertising, take over of existing management contract and/or lease fee, lease and documentation preparation fee, fees for
individual services, and eviction processing.
What the management fee does not cover
• Homeowners and property insurance & association fees
• Cost of maintenance, repair, and compliance
• Mortgage payment & Property taxes
• Legal fees
• Delinquent rent collection service: In a situation where the rent is overdue and the tenant does not show signs of cooperation, eviction action can be
taken. Although we do our best to ensure rents are paid, we can not guarantee payment from tenants. These costs and fees incurred
through using these services are not included in the management fee.