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 Hollywood 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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Hollywood Area Information
Hollywood is a city in Broward County, Florida, located between Fort Lauderdale and Miami. The average temperature is between 68 and 83 degrees. As of July 1, 2015 Hollywood has a population of 149,728. Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the twelfth largest city in Florida. Hollywood is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.
Joseph W. Young founded the city in 1925. He dreamed of building a motion picture colony on the East Coast of the United States and named the town after Hollywood, California. Young bought up thousands of acres of land around 1920, and named his new town "Hollywood by the Sea" to distinguish it from his other real estate venture, "Hollywood in the Hills", in New York. Source From Wikipedia