Absolut Realty Inc, Orlando Property Management Orlando Property Sales, Rentals, Leasing and Professional Management

Absolut Realty Property Management for Central Florida


Landlords!  We offer professional long-term Property Management in Orlando.
We have many years of management experience and our affordable rates are an exceptional value.

  • Residential long-term Tenants lease for 1+ years 
  • Timely delivery of Rents
  • Prompt and Professional Management service
  • Comprehensive Tenant Screening
  • Full interior/exterior photo and written inspections
  • Experienced, licensed Property Managers
 
Absolut Realty Property Management Company
With ownership, leasing and risk management experience, we know what it takes to property manage successful, income-producing rental homes.  Monthly rent depends on:
- Current rental-market conditions
- Location of the property 
- Floor plan and upgrades 
- Landscaping and "curb appeal"
- Cleanliness, maintenance and condition of the
Rental Home
-
The better condition of the Property, the better quality of Tenants you will attract.

 
 
1. Full-Service Property Management
  • Aggressive advertising, MLS listing, professional wide-angle photographs and virtual tour, attractive for-rent sign post, finding and qualifying a suitable Tenant, credit check, evictions check, employment and residency verification, full lease preparation and a documented move-in inspection = approx. 65-100% of 1st month's rent.
  • Monthly Management, administration, rent collection and deposit into your bank account, managing Tenant relations, recurring inspections, maintenance repairs & legal co-ordination, and 24/7 online financial statements = approx. 8-10% of monthly rent ($100 minimum).
  • Property local business license $50.00 approx. annual fee if required.
  • Additional/optional services: Lawn and Pool care is approx. $90-125pm pool care, $75-100pm lawn care.  Pest control is approx. $300 per year.  Annual A/C maintenance is approx. $100 per year.

Contact us today for a lease valuation.
 

screen capture of online property management website24/7  Landlord and Tenant Access

With full-service property management, you have 24/7 online access to statements, maintenance repair updates, rents, leases and inspection reports.
On the left is a screenshot of our online landlord webpage.

Tenants also have online access at
www.clicktopayrent.com to view their own statements, submit maintenance requests and pay their rent online - a very popular feature!

 
 
  
 
 
 
 
  
 
2. Tenant Acquisition Only  (local & experienced landlords, no monthly management)
  • Aggressive advertising, MLS listing, professional wide-angle photographs and virtual tour, attractive for-rent sign post, finding and qualifying a suitable Tenant, credit check, evictions check, employment and residency verification, full lease preparation and a documented move-in inspection = approx. 75-100% of 1st month's rent, no monthly management Contact us today for a lease valuation.
 
3. Switching from another Management Company
  • One of our recent clients just paid $1545 plus a 60 day notice by certified mail to their last Property Manager to release themselves from their contract.!!  They had been clients of their last Company for 3+ years and were very unhappy with the complete lack of communication, excessive charges, and poor service they had received since the Company had been sold recently.  What kind of relationship do you have with your Management Company?  Would they charge you an outrageous penalty if you were unhappy with their services and wanted to leave?
  • We have no cancellation fee.  We charge fair prices.  We will return your calls or e-mails promptly.  Efficient and professional service.  Contact us today for a lease valuation.
  • We make switching over easy.  We will discuss your current situation with you to find out what can be done.  If you employ us, notify your current Company by certified mail (we can supply sample documents), then we contact them and your Tenants to arrange the transfer.

     


  Watch our new video explaining the services of a property manager.
Please contact us for more details and a lease valuation of your rental property.
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Why do Property Owners use Absolut Realty?
 
Prompt and polite customer service – Our friendly and courteous representatives handle your tenants and property issues efficiently in a professional manner.  We punctually return phone calls and e-mails plus we aim to develop trusting relationships with all our customers.  
Our residential property managers are all licensed real estate salespeople or brokers with professional designations and have a great deal of experience and knowledge in managing single family and multi family homes. We have the staff available to handle the average hundreds of tenant inquiries each month to our office; and our managers are trained in the art of showing properties and pre-qualifying prospective renters.  Our office operates during normal business hours plus our property managers are always on call for after hour’s appointments and emergencies.


Full Property Inspections (free of charge) – Our inspections are including at no extra charge and we don’t just record a video. Our move-in inspection is a full walkthrough with 100 – 200 photos inside and out plus a written report; and we show the Tenant how to operate all the appliances and test to make sure the major appliances are working including the range, dishwasher, washer/dryer, toilet flushing and changing the air filter. This reduces maintenance calls following move-in, and there is no question as to what the property condition was prior to move in. This provides peace of mind for landlords to protect their property and residents to assure the return of their security deposit.


Availability – Our office is open during normal business hours M-F, 9-5 (excluding holidays) plus our property managers are on call for after hours appointments and tenant emergencies. Our voicemail is regularly checked after hours, and our extensive online advertising is always working 24 hours 7 days a week. If there is an emergency our vendors can be dispatched ASAP and in most cases make repairs within a few hours.


Comprehensive Tenant Screening – We recommend in most cases that a vacant property is better than an unqualified or troublesome tenant. Our thorough application process seriously reduces the risk of default. Our fees to tenants are always very competitive, and our detailed but not ‘scary’ process checks:
  • A national credit report on each and every adult applicant.
  • An eviction search for the state where the tenant resides.
  • Verification of former landlord references.
  • Verification of the applicant's employment and/or income.
  • Nationwide criminal background check on all adult applicants, including terrorist and sex offender lists.


Accounting and Timely Deliver of Rents – Our business is run using one of the best property management software programs in the industry which is web-based, so our property owners and residents can login at any time to download statements, pay rent, view documents, inspection reports and leases, etc.  We process rents by the 10th of each month and deposit funds directly into our landlords’ bank account, plus we provide our property owners with a year end summary statement at the end of each year to give to your tax accountant.


Tax Deductible Service – When you hire a management Company to handle your rental property you can deduct the cost of our services from your taxes (or you can do the work yourself for which your time is not tax deductible). Hire a professional and reputable property manager and save time, money and stress while leasing your rental property.


NO Hidden Charges / No Cancellation Fee – Don’t expect your funds to show up in your bank account each month missing a ‘0’. Our fee schedule is very fair and simple with no ugly surprises. There is no cancellation fee if you are unhappy and wish to cancel your contract. We do not deduct an administrative fee from the tenant’s security deposit (unlike some other Companies).


NO Surcharge or Kickbacks For Minor Maintenance – Maintenance requests are discussed with our owners beforehand and we do not assess a surcharge or accept referrals or kickbacks from any of our vendors, avoiding any conflict of interest and saving our landlords money. Our lease and move-in inspection is clear to Tenants, if the repair is tenant-caused or minor then they should take care of it, otherwise they call us. There are no extra administrative fees for minor repairs and we have experienced, reputable vendors make repairs to your property so they are completed by a professional at a nominal price.


Years of experience in central
Florida The brokers and property managers of Absolut Realty Inc have been serving the needs of property owners and residential tenants for many years, whilst we always remain at the forefront of technology and the latest legal matters.

 
 
 
 
What can I expect as a Landlord?
 
1. How long will it take to lease my property?
The time it takes to lease your home on the rental market varies depending on local market conditions, the condition and availability of the property.  We can begin showing your rental home as the current residents give us their 30 day notice of their intent to move out. We answer hundreds of prospective tenant calls and e-mail inquiries every month.
 
2. When you find a tenant for my rental home, how do you qualify them?
Our comprehensive but not ‘scary’ application process checks:
  • A national credit report on each and every adult applicant.
  • An eviction search for the state where the tenant resides.
  • Verification of former landlord references.
  • Verification of the applicant's employment and/or income.
  • Nationwide criminal background check on all adult applicants, including terrorist and sex offender lists.
 
3. When do you process the monthly rents to property owners?
 
We have a quick turnaround of your rents and statements. We offer "Electronic Direct Deposit" to your bank account. Rent proceeds are deposited into your bank account by the 10th day of each month.
 
4. How often are property inspections conducted?
The move-in inspection is completed just before the residents move in, where we detail the condition of your property on our written report, and we take approx. 100-200+ photos of the entire property inside and out.
 
We inspect the exterior of our properties on a periodic basis and we conduct a routine walkthrough inspection of the property approximately 2 times a year.
 
Between the 10th & 11th month of the lease, we discuss with the residents and the owners their intent to renew their lease for another year. We provide or recommendations and if they are not renewing, we prepare our advertising in order to get the home re-rented quickly and we start showing the property the last 30 days of the lease.
 
When the tenant moves out of your property we complete a detailed move-out inspection similar to the move-in inspection. The move out inspection is done to make sure that the rental home is returned to us in the same condition as when first rented except for minor wear and tear. If damage is found, then we impose a claim on the Tenant's security deposit as required by the Florida landlord tenant statute (F.S. 83), if no damage is found, then we promptly return the security deposit to the former residents.
 
5. Can you help if I wish to sell the property?
Yes, we have experienced agents that handle both leasing and sales.
 
6. How do you handle rental collections?
Our collections policies are as follows:
 
All rents are due on the 1st of each month and late on the 4th of each month.
All residents who have not paid by the 3rd of each month receive an automatic late notice, a firm reminder their rent plus a late fee is now due. We also attempt to reach them by phone.
Any remaining residents who have not remitted their rents by the 5th (or next business day if the 5th is on a weekend) will be served the following week with a 3-day notice, the legal prerequisite paperwork to file an eviction. At this point there is no additional cost to you.
 
While an eviction is rare, as we carefully screen all prospective tenants, sometimes financial hardships do arise which require prompt attention.
 
Should it be necessary to file an eviction we:
 
Forward all paperwork, (including, but not limited to) copies of the lease, and our notices served upon the resident to a law firm around the 15th of the month (or sooner if you request) to proceed immediately in filing the eviction action.
Some evictions are settled with the resident paying all costs and remaining in the property, however, should it be necessary to proceed further we assist you free of charge for our services during the eviction. You would be responsible for the court cost and legal fees.
 
7. Do you guarantee the residents that you place in my rental home?
No, we cannot provide a guarantee as to whether or not a tenant will default.  However, we do not assess a charge for an eviction if this happens.
 
8. Are you the cheapest company?
No, however our fees are very competitive and fair and there are no hidden charges. When all fees are considered, for benefits received, we are actually less expensive than most companies around.
 
9. Who handles problems after hours or on weekends?
Our property managers are on call for our residents. Our voicemail and e-mail will take the residents emergency calls and we regularly check these.
 
10. How do you handle maintenance requests?
This important issue is discussed with the tenant during the move-in inspection when all the appliances are tested and everything in the property is checked to be in working order. Tenants are expected to make repairs for minor items or tenant-caused problems, as outlined in their lease. For other issues they can call, e-mail or submit maintenance requests online. We contact the landlord prior to sending out a repairman and then we will arrange an estimate to be completed. For appliance repairs most appliance companies will complete the repair on the spot if it is under $175 and then invoice us, otherwise they contact us for authorization.
 
Properties that are well maintained are good investments and they tend to attract the best Tenants. We aim to place Tenants in properties which are well maintained and in a clean, sanitary condition. We will make recommendations if we believe your property requires improvements or maintenance. Maintaining your property at a good /high standard will preserve your investment and keep your Tenants happy. 
 
11. Do you charge a cancellation fee or administrative fee?
We are so convinced you will be pleased with our services that we do not charge a cancellation fee if you wish to terminate our agreement. Provide us with 30 days notice and we will release you with no fee.
 
12. How and where do you advertise?
It is beneficial and cost-effective for us to find the highest qualified tenant in the least amount of time, therefore we aggressively market our properties with the latest methods. Currently, the majority of tenants are first looking online and driving around to find rental homes so we personally own 2 websites that bring in hundreds of inquiries every month, plus we syndicate with thousands of top rental portals online including Google, Yahoo, Realtor.com, Trulia, Hotpads, Craigslist, Backpage, Point2homes and many more. 
 
We put up large attractive signs & signposts on every property and this also generates an abundance of calls every day. We take several wide-angle professional photos of the inside and outside of your property and create a detailed description of the home and the area. You can see this on the property listings on our website and this marketing is far superior to most other management companies. 
 
Since we have been in the business for many years we have relationships with other agents in the central Florida community, plus we belong to a national Realtor referral program. We offer other Realtors high lease referrals through the MLS at no cost to you, which produces more showings and in turn reduces our vacancy times.
 

 

 


  IMPORTANT INFORMATION FOR OUR TENANTS

IF YOU HAVE A PROBLEM, PLEASE CONTACT US: 407-802-7585.

OUR BUSINESS HOURS: M-F 9AM-5PM. (OTHER TIMES WE ARE CLOSED OR BY APPT. ONLY)

EMERGENCIES AFTER BUSINESS HOURS: Please leave a message on our voicemail and we will contact you back as soon as possible. 

"EMERGENCIES" are defined as follows and should be reported immediately to us:

FIRE: Notify fire department immediately: DIAL 9-1-1, followed by emergency call to us.
INJURY: Call for an ambulance: DIAL 9-1-1, and report details the next working day.
THEFT: Notify police immediately: DIAL 9-1-1, and report details the next working day.
ELECTRICAL: Sparking, smoke, no power, exposed bare wires, overheated fixtures.
HEAT
: Not working, ONLY when outside temperature is below 60 degrees.
AIR CONDITIONING: Not working, ONLY when the temperature is above 80 degrees, or if health risk exists as documented by physician.
HEAVY STRUCTURAL DAMAGE to roof, foundation and walls.
PLUMBING: Flooding or stoppage of drains, severe backing up of the septic system (Tenants are responsible for all plumbing stoppages except when the result of roots, or breakdown of fixture not caused by Tenant.)

RENTAL PAYMENTS: Your rent must be received IN OUR PO BOX on or before the 1ST DAY OF EACH MONTH.  If rent is not received by the third of the month, late fees are added.  Please send a money order, personal or cashier’s check.  If your check is returned by the Bank, it must immediately be replaced by a money order or cashier's check, plus an NSF fee, plus late fees (refer to your Lease or Management for the exact amounts).

SEND YOUR RENT 2-3 DAYS BEFORE THE 1ST TO:
Absolut Realty, Inc.
P.O. BOX 590558
Orlando, Florida, 32859

ONLINE TENANT CENTER.
Access your payment history and statements or submit a maintenance request online 24/7, visit our
online tenant center.

UTILITIES, SCHOOLS & OTHER CONTACTS.
For local utitlity companies, schools, bus routes, etc, please visit the
local area information page.

 


 *This section applies only to Realtors licensed with the National Association of Realtors*
 
REALTOR REFERRALS

REFERRALS FOR RENTAL & MANAGEMENT PROSPECTS
Referral fees listed below are issued for active Realtors licensed with a Florida Broker referring property management and rental prospects.  Referral fees are paid when the property is leased and the full lease fee has been collected.  All referral fees are paid to the referring Broker.  All of the rental referral fees listed below are based on a one-year lease term, referrals less than one year are pro-rated.

MANAGEMENT REFERRALS: 5% or higher of one month’s rent
 
LEASE-ONLY MANAGEMENT REFERRALS: 2.5% or higher of one month's rent
 
RENTAL PROSPECT REFERRALS: See MLS property listing, this ranges 20-30% of one month's rent.  PLEASE NOTE: Realtors referring your active client's listings for property management - Your clients remain your clients.  Tenants and landlords we procure remain our clients.  If we list a property for rent which you have listed for sale, whomever procures a contract first (for lease or for purchase) keeps the listing and the other withdraws.  When your client wishes to re-list for sale, we refer them back to you.

 


 rental homes plus realtor.com fast rental rentals.com national relocation  


 


Orlando Realtor® Magazine August 2009

Oliver's article for Property Management Professionals was featured in the August 2009 Issue of ORRA's magazine

PROPERTY MANAGEMENT - RISK MANAGEMENT FOR THE REAL ESTATE PROFESSIONAL, by Oliver Overton-Morgan

Residential Property Management can be both an exciting and challenging field, and risk management is an essential part of the professional Property Manager’s daily operations.  Knowing how to analyze, manage and document risks will help you minimize them, and being consistent with the policies and procedures you put in place can help reduce your liability for damages or injuries.
 
There are many Landlord-Tenant laws which you must familiarize yourself with before embarking on this line of business, none of which you should take lightly.  There are stiff penalties for Landlords and Property Managers who do not comply with the law.
 
Here are a few examples of how risk management is used in our business... Be sure to provide all legally required paperwork, such as Condominium Association documents and the EPA’s Residential Lead-based Paint Disclosure Program for properties built before 1978.   Lease agreements should specify all liabilities and other provisions that could present hazards, and who is responsible for them.   When you impose a claim on the Tenant’s security deposit you must provide them with the claim notice, in the correct timely manner required by s. 83.49(3) Florida Statutes.   Many Property Managers also have problems returning deposits in a timely manner and documenting the condition of the property in writing and with plenty of photos (before and after).   A Sales Associate may not collect rent or deposits in their personal name or deposit them in their own bank account... Mishandling other people’s money is always a sure-fire way to lose your license and find yourself standing in front of a Judge.
Make sure the Landlord’s homeowners insurance has sufficient coverage for personal injury, property and rental income.   Does their insurance cover the Tenant’s personal property?   If not, the Tenants should be advised to purchase Renters Insurance before they move in.  
 
Another way to limit your risk is to make the Tenant call you for maintenance requests, or submit them online through your management portal.   This is effective when you deal with these requests efficiently and not wait a long time for the landlord, to then make a patch-up repair. Make sure you have trusted licensed contractors and vendors working for you, and get all the information you can from these Companies including the type of insurance they carry and if they have workers’ comp insurance.
 
As a Sales Associate or Broker looking to get involved in Property Management, you should first educate yourself on the subject and laws to help minimize risk to yourself and your Company. Have fun out there, good luck and God Bless.
 
Oliver Overton-Morgan, Broker GRI
Absolut Realty Inc
 
Useful Resources:
NPMA - National Property Management Association http://www.narpm.org
EPA Lead Real Estate Disclosure http://www.epa.gov/lead/pubs/leadbase.htm
Florida Landlord Tenant Law Information http://www.evict.com/
The Landlord Protection Agency http://www.thelpa.com/
Tenant Screening, Criminal and Eviction Search http://www.amerusa.net/
FDLE Florida Sexual Offenders Search http://offender.fdle.state.fl.us/offender/Search.jsp

 

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