Q: We are flexible in terms of short or long term rentals and would like to know your opinion on each market for the area and our property.
A: Right now there is a strong demand for annual unfurnished residential properties. I also get calls for short term rentals, which often are corporate relocations such as FPL and Martin Memorial Hospital employees, but demand is unpredictable.
Q: I am interested in finding out your fees for services. Also, we do not live in Florida at this time and would like to know your availability for seasonal rental in case this is the option we decide on. We are looking for services that can take care of the turn around for new tenants.
A: Here’s what we do when we list your rental:
-Evaluate the rental potential of your property
-Create a Web page featuring the rental
-Exposure on multiple Web sites including CraigsList, Facebook, and TCPalm (the Stuart News’ Treasure Coast Web site).
-MLS and Realtor.com
Finding a Tenant
-Comprehensive tenant screening including credit and background check
-Collect advance deposits
-No fee until we rent your property
10% commission for annual rentals
15% commission for rentals less than six months
Note: we share our fee with cooperating brokers who help procure a tenant.
We collect sales tax on all rentals less than six months from the tenant. This fee is disbursed to you with other advance deposits. You must file and pay the tax to the state of Florida.
We do not offer property management but I can recommend service people for repairs and maintenance. You would pay for these services directly but as an out of town landlord I can assist you with coordinating maintenance schedules in terms of getting the house “rent ready”.
We collect advance rent, which is typically first, last and security. These funds are disbursed to you less our fee. The tenant then pays the ongoing monthly rent to you directly from the second month on. Seasonal rentals under four months are paid in full in advance. Note: Florida law requires you to keep the tenant’s security on deposit in a Florida bank.
This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.