My Team and I Manage Property As if It’s Our Own

Managing property requires knowledge, experience and a network of professionals to keep investment properties in top condition. If you’re one of our owners then you are already familiar with the quality of how we maintain the properties we manage.

If you’re one of our tenants than you can attest our maintenance department is quick to respond to service calls, even on week-ends. It’s the long time relationships we have with our vendors and trades who help keep our tenants happy and make sure properties maintain their values.

We do much more then collect rent. Our inspector conducts regular inspections to assure properties are being maintained and make certain everything is in proper working order. Our job is to always keep the highest property value and desirability to rent.

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STOP! IN THE NAME OF…

     You’ve filed numerous eviction notices the past few months on residents for numerous reasons.  Late or no pay, noise violations, trash, vandalism, and the list goes on.  One of your slow or late payers suddenly comes into your office with a money order for $2000 to cover the past rent.  You begin thinking of the empty apartments/condos/homes you have on the property, other late payers and begin to reconsider the eviction on this particular resident.  Afterall, two grand will certainly help in these troubled times.

     So, you accept the money order, call your attorney to stop the eviction and all is sunshine, daisies and buttermilk.  Not so fast…have you thought this through?   Your attorney will want to get paid, regardless if you stop the eviction, courts will want to get paid for any time they’ve put in.  Did you as the resident to cover that?  Did you include that in your eviction notice?  If not, guess who pays that.  That’s right, you do. 

     No one wants to evict a resident and if the said resident ponies up that lost money, everyone’s copasetic, right?  The lease may state that the resident is liable for all attorney’s fees and costs, but by accepting the rent and voiding the eviction, a resident can fight you on this, especially if she did not realize that you would be trying to take the money owed from the security deposit when she vacated.


MILITARY PERSONNEL AND LEASES

     What do you do when you have military personnel as tenants?  You’re thinking, ‘I collect the rent and wish them well.’  That’s good and what do you do when they have to suddenly deploy in the middle of their lease?  Not so cut and dried, is it? 

     With so many men and women in the Military these days, it’s difficult to know what to do when a lease holder comes to you and requests to break their lease without owing any balance, fees, losing deposits or last month’s rent. All you can think about is all the money you’ll be out if you give them what they want.  What does Federal Law say?  What does Florida Law say?

     The short answer is, ‘it depends’.  Without sounding hard-nosed about keeping a tenant to their lease or maybe citing ‘if I let them out of their lease, everyone will want to break theirs and not pay a penalty’.  That may be true, but the law is on the sides of Military Personnel.  Anyone else is SOL [so outta luck].

     If a Military Personnel comes to you (or sends certified documentation) with their orders to deploy or move, by law, you have to let them out of their lease, with no penalty and give them back all deposits (provided there was no damage).  Oral notification does not work, either by the servicemember, recruiter or base.  It must be official documentation.

     For the full wording of the laws, see Releasing Servicemembers from their Leases

by Brian P. Wolk, Attorney at Law.