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 Lauderhill 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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Lauderhill Area Information
Lauderhill is a city in Broward County, Florida, United States, located within the Miami metropolitan area. As of the 2010 census, the city's population was 66,887, with an estimated population of 71,868 as of 2019. The city is situated in the central part of the county, neighboring Plantation, Sunrise, and Lauderdale Lakes.
Lauderhill is recognized for its diverse community and vibrant cultural scene. The city has been actively involved in redevelopment projects aimed at improving its infrastructure and public amenities. Notable initiatives include the construction of new recreational facilities and the enhancement of existing parks. Lauderhill also hosts a variety of cultural events and festivals, fostering a strong sense of community and inclusivity. The city's strategic location and ongoing development efforts continue to attract both residents and businesses, contributing to its growth and prosperity.
Source: From Wikipedia