Competent property management is critical to the success of your real estate investment. Mayfair Property Management, LLC offers a full range of third-party property management services. Contact us today for more details and pricing.
Benefits of using Mayfair Property Management, LLC
- Accounting and bookkeeping functions along with producing monthly financial reports on cash or accrual basis. Includes monitoring and monthly reconciliation of all accounts. Bank accounts are never co-mingled with any other client accounts and are placed at the institution of the client’s choice.
- Supply monthly financial statements, typically by the 20th day of the following month along with a complete accounts payable listing, owner statement, property statement, and general ledger.
- Prepare budget comparisons and projections as requested.
- If requested, invest excess cash for maximum return from excess operating funds.
- Maintain a defined purchase order system along with an approved system of comparing and approving payables.
- Review and update insurance coverage, put out to bid as needed and make recommendations on beneficial changes.
- Maintain a procedure for the collection of past due receivables and supervise any litigation as directed.
- Appear on behalf of the property in court or any other situation requiring an appearance by a responsible party.
- Prepare specifications and detail for bidding of major maintenance and repair work. Monitor and supervise all work performed by outside contractors after approval is granted.
- Maintain a work request system for both in-unit and common area repairs. Establish and utilize a billing system for such repairs.
- Perform frequent inspections of the property and discuss items noted during those inspections.
- Formulate policies to facilitate proper owner/resident/tenant relations and be readily accessible to all.
- Provide emergency service request system.
- Market and lease vacant units.
- Negotiate lease renewals
- Provide owner with 24/7 online portal access to view management reports, work orders outstanding, maintenance requests, and more.
- Provide online payment and maintenance request options to residents.
- Implement a minimum renter's insurance policy requirement for all incoming residents.
What we do as your Fort Lauderdale property manager:
- Fill vacancies
- Advertise your rental
- Handle tenant inquiries
- Background and credit investigations
- Application processing
- Lease signing
- Full service repair
- Rent collection
- Accounting
- Coordinate Evictions
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Fort Lauderdale Area Information
Fort Lauderdale (frequently abbreviated as Ft. Lauderdale) is a city in the U.S. state of Florida, 28 miles (45 km) north of Miami. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521. It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.
The city is a popular tourist destination, with an average year-round temperature of 75.5 °F (24.2 °C) and 3,000 hours of sunshine per year. Greater Fort Lauderdale which takes in all of Broward County hosted 12 million visitors in 2012, including 2.8 million international visitors. The city and county in 2012 collected $43.9 million from the 5% hotel tax it charges, after hotels in the area recorded an occupancy rate for the year of 72.7 percent and an average daily rate of $114.48. The district has 561 hotels and motels comprising nearly 35,000 rooms. Forty six cruise ships sailed from Port Everglades in 2012. Greater Fort Lauderdale has over 4,000 restaurants, 63 golf courses, 12 shopping malls, 16 museums, 132 nightclubs, 278 parkland campsites, and 100 marinas housing 45,000 resident yachts.
Fort Lauderdale is named after a series of forts built by the United States during the Second Seminole War. The forts took their name from Major William Lauderdale (1782–1838), younger brother of Lieutenant Colonel James Lauderdale. William Lauderdale was the commander of the detachment of soldiers who built the first fort. However, development of the city did not begin until 50 years after the forts were abandoned at the end of the conflict. Three forts named "Fort Lauderdale" were constructed; the first was at the fork of the New River, the second at Tarpon Bend on the New River between the Colee Hammock and Rio Vista neighborhoods, and the third near the site of the Bahia Mar Marina.