Lakewood Ranch Property Management

Protect, Maintain and Grow your Lakewood Ranch Property Investment

Our Lakewood Ranch Property Management services cover more than rent collection and maintenance. We begin managing your property starting with the listing. To demonstrate how comprehensive our services are, we’ve outlined each step from start to finish. You will find that when you trust us to manage your investment property, not only will your investment be well protected, you will rest easier knowing it’s being taken care of by property management experts.

Benefits of our Lakewood Ranch property management services include:

  • Complete Market Analysis
  • Aggressive Marketing
  • Tenant Screening
  • Tenant Lease Process
  • Move In Inspection
  • Rent Collection
  • Maintenance & Repair
  • Drive By Inspections
  • Move Out Inspection
  • Eviction Protection Program

Get to Know Our Management Services

Market Analysis & Marketing

Once you list your property with us, our first job is to visit the property and do a complete market analysis with pictures and comparative data from other properties that have previously rented in the area. We will then contact you to discuss our recommended pricing range for your property. Once we agree on an initial asking price, we will begin to aggressively market your property. This includes placing the property on the most effective rental web site in Sarasota.

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Our web site will feature your property along with up to 10 pictures, a map link to show the property location as well as links to information regarding local schools and weather. We also place your property on the local board of Realtors MLS , other rental web sites that have partnerships with us and advertising in the local classified section of the newspaper. We also place a sign on the property where permitted.

Show Property & Screen Residents

We will then facilitate viewings of your property to interested parties, and once we receive applications, we then begin our extensive resident screening process to determine the applicants suitability for your property. Our screening process includes checking credit history, criminal background; including the FBI’s most wanted list, National Terrorist data base, Statewide Department of Correction records, and Sexual Predator list. We will then check statewide eviction records, verify employment and income, interview previous landlords and determine the overall risk level of the applicant.

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Once an applicant has been properly screened, we will have the foremost Landlord Tenant attorney in the state of Florida draw up a lease which specifically protects your interests from many of the legal pitfalls of owning rental property. We will have the tenant sign the lease and then forward it to you for your signature.

We will then conduct a thorough move in inspection of the property and carefully document the condition prior to occupancy. This will insure that any damage caused by a residents neglect will be properly charged against their security deposit at the end of their stay.

Lakewood Ranch Property Management Services

Once the tenant takes occupancy, our management services begin. This includes collecting the rent, handling maintenance and repair issues, dealing with any problems associated with the tenant such as non payment of rent, early move outs, neighbor complaints or any other tenant related issue.

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Rents are paid by the tenant into our state regulated Trust account and disbursed to owners on the 10th of each month. Owners can view their property statements at any time of day or night by accessing their own secure page on our web site. If questions come up while reviewing the statement, a quick email link is available to get prompt answers from our staff.

Free Rental Analysis

Pricing your property correctly will attract the most qualified residents and ensure your vacancy rate stays low. We do a complete market analysis to ensure your rental property is competitive and profitable.

Our Sarasota property management team will visit your home, discuss any improvements that might raise your rent, and provide a rental range designed to increase your cash flow and your long-term ROI.

“We own homes in multiple states and deal with multiple management companies. Sarasota Property Management is hands down the best company we have ever dealt with. I highly recommend them.”

Kevin

Managing Property and Tenant Issues During the Lease Term

Lease End Services

At the end of the lease, we do a final inspection and compare the results with the initial move in inspection to see if charges need to be made against the residents security deposit. If there are damages, it is essential that Florida Statutes regulating security deposits be followed to the letter to make sure your right to make the claim is protected.

The cost for our services is one months rent (taken from the residents first payment) for a leasing fee to cover costs of marketing, showing, screening and executing a lease and conducting move in inspections, and 7% per month for managing the rental and the property.

Owning rental property can be a rewarding and profitable undertaking provided that it is done correctly. If not, it can be costly and an unpleasant drain on your life. Hopefully, you have come to an appreciation of what professional property management can do for you. We hope that this information was useful to you and look forward to speaking with you personally about managing your rental property.

If you wish to speak with one of our Listing Agents about managing your property or if you have other questions, please call our office at 941-377-8400 or email us at info@www.sarasotamanagement.com. We will be happy to forward letters of recommendation from current owners, provide a brochure package for you to review or place you on our monthly newsletter list.

Non-Payment of rent

One question frequently asked is “how do we handle non payment of rent?”. Rents are due on the first day of each month, and late after the 5th. If we have not received rent by the 10th of the month, we serve a 3 day notice which is the first step in a legal eviction. Usually, this causes the rent to be paid. However, If it is not paid by the end of the 3 day period, we file an eviction. If the tenant is then able to come up with the money for the rent and reimburse the legal costs, we would have them sign a stipulation agreement agreeing that if they ever get behind again, they would waive the right to eviction proceedings and we would be entitled to an immediate writ of possession. If they cannot come up with sufficient funds to “buy off” the eviction, we would proceed with the eviction until the house is vacated at which time we would then make a claim against the residents deposit and any other escrowed funds that we may have to compensate you for any loss. Although the vast majority of residents do not require evictions, especially after our extensive tenant screening process, you never know when someone may lose their job or have a break up in a relationship that can turn a good tenant into a problem one. And it is critical to get the property back and on the market as soon as possible to protect your cash flow.

All this being said, we are happy to work with a tenant who has only temporarily fallen behind, and is making every effort to get caught up, however, it is important to maintain control of the situation in a professional manor.

Eviction Protection Program

To further protect our owners from interruptions to cash flow in regards to evictions, we have created a unique program called our Eviction Protection program. Eviction Protection is an optional program that only costs $9 per month if one chooses it, but if an eviction is required, all legal expenses are covered including attorney fees and court filing fees. Therefore, our owners can have the peace of mind knowing that this potential negative scenario will not cost them an arm and a leg.

Maintenance & Repair

Maintenance and repairs are handled in an efficient and professional manor so that costs are reduced and at the same time, your property is kept up in good, rentable condition. Residents may notify us of maintenance issues via our web site at any time of day or night, or call us 24 hours a day on our emergency maintenance hotline. Our experienced property managers then determine whether a maintenance call is necessary, or if a tenant may simply be “talked through” the problem. If a maintenance call is required, our first option is to select a lower priced vendor such as a handy man rather than a more expensive licensed contractor such as a plumber, air conditioning tech etc. And all vendors that we send to your property are covered by workers comp and liability insurance. This is an important consideration in order to protect an owner from potential injury liability or accidental damage to the property.

Our maintenance company; House Calls Maintenance, Inc. provides our owners with low cost solutions to necessary maintenance by providing quick effective repairs whenever possible to minimize cost while maintaining the quality of your investment and keeping the revenue source (the tenant) happy.

One final note regarding maintenance for your property: You never have to worry that a SML property manager could spend your money without your consent. Our management agreements contain a clause limiting how much can be spent on your property without your permission.

During the course of the lease, we want to make sure that the tenant is taking care of the property and not letting it stand out in the neighborhood as a “thorn among roses”. Therefore, we do periodic drive by inspections as well as interior walk throughs to look for maintenance issues such as grout in the showers and leaks under sinks and to make sure that there is no tenant caused damage or neglect.

Services and Pricing

 
Lease Only
Full Service
Premium/Guaranteed
Tenant Placement Fee 100% of 1 Month's Rent 100% of 1 Month's Rent 100% of 1 Month's Rent
Monthly Management Fee No Monthly Fees 7% Monthly Management Fee 8% Monthly Management Fee
       
Rent Assessment
Marketing the Property
Finding Residents
Tenant Screening
Full Legal Compliance
Attorney Prepared Leases
Property Accounting and Reporting  
Owner Portal  
Tenant Portal  
Property Maintenance  
Rent Collection  
Convenient Rent Payments  
Eviction Process Handling  
Property Assessments  
Tenant Maintenance System  
Filter Replacement Program
Leasing Guarantee  
Rent Guarantee    
Tenant Damage Guarantee    
Eviction Guarantee    
Capital Improvement Evaluation Upon Request Upon Request Upon Request
HVAC Maintenance Agreement Upon Request Upon Request Upon Request

Lease Only
You Just Need Residents

100% of 1 Month's Rent
No Monthly Fees

Rent Assessment

We thoroughly research market rates to maximize the rent amount. We also recommend property improvements to increase asking rents.

Marketing the Property

We use a comprehensive advertising plan, including online websites such as Zillow, Trulia, Hotpads, Realtor.com and many others! We also utilize the local Board of Realtors MLS (Multi- Listing Service).

Click here to learn more

We use in-house and external leasing agents in addition to state-of-the-art showing technology to gather as many applicants as possible.

Tenant Screening

We’ve set high qualification standards and have a detailed application process, which includes income verification, rental verification, background checks, credit checks, FBI's Most Wanted List, National Terrorist Database, and the Sexual Offender Database.

Full Legal Compliance

Our leasing agents and property managers undertake rigorous training and/or licensing. And, we conduct all our activities in accordance with State and Federal law as well as the National Association of Residential Property Managers Code of Ethics.

Full Service
Our Most Popular

100% of 1 Month's rent
7% Monthly Management Fee

Rent Assessment

We thoroughly research market rates to maximize the rent amount. We also recommend property improvements to increase asking rents.

Marketing the Property

We use a comprehensive advertising plan, including online websites such as Zillow, Trulia, Hotpads, Realtor.com and many others! We also utilize the local Board of Realtors MLS (Multi- Listing Service).

Click here to learn more

We use in-house and external leasing agents in addition to state-of-the-art showing technology to gather as many applicants as possible.

Tenant Screening

We’ve set high qualification standards and have a detailed application process, which includes income verification, rental verification, background checks, credit checks, FBI's Most Wanted List, National Terrorist Database, and the Sexual Offender Database.

Full Legal Compliance

Our leasing agents and property managers undertake rigorous training and/or licensing. And, we conduct all our activities in accordance with State and Federal law as well as the National Association of Residential Property Managers Code of Ethics.

Property Accounting and Reporting

We have an in-house accounting department who oversees all accounting and reporting functions. We use a cloud-based management software that provides comprehensive accounting, detailed monthly statements, annual reports and IRS compliant reporting.

Owner Portal

We give you real-time access to your properties via your Owner Portal. We simplify your life by connecting you to property specific information and monthly owner statements.

Tenant Portal

Prospective residents can apply online with the click of a button, existing residents pay their rent online instead of sending rent checks by mail.

Property Maintenance

We have a dedicated maintenance team of qualified vendors that provide us discounted rates which are passed on to the owner. In addition, we have our own maintenance company. Together this ensures prompt repairs and we are on-call 24/7/365 for emergencies.

Rent Collection

We manage all rent collections for your property. We have strict policies and standards in place to collect rent as effectively as possible.

Convenient Rent Payments

Multiple options for residents to pay rent conveniently and on time. Residents can pay online and even from their mobile phones.

Eviction Process Handling

We use the top Landlord/Tenant attorney in the state of Florida to assist with the eviction process in the unlikely event that a tenant needs to be removed from the property.

Property Evaluations

Detailed on-sight evaluations of your property to review and report on property condition.

Tenant Maintenance System

From their mobile device, Residents can conveniently place maintenance requests, schedule appointments and communicate with vendors.

Filter Replacement Program

Residents receive regular shipments with A/C filters to make it easy for them to remember to change the filters. This cuts down on energy costs and helps the equipment to last longer.

Leasing Guarantee

If a tenant we place into your rental property breaks their lease before the end of the initial lease term, we will not charge you a leasing commission to find a replacement tenant (excluding moves for military orders)

Premium Property Management

100% Lease Fee
10% Management Fee

Rent Assessment

We thoroughly research market rates to maximize the rent amount. We also recommend property improvements to increase asking rents.

Marketing the Property

We use a comprehensive advertising plan, including online websites such as Zillow, Trulia, Hotpads, Realtor.com and many others! We also utilize the local Board of Realtors MLS (Multi- Listing Service).

Click here to learn more

We use in-house and external leasing agents in addition to state-of-the-art showing technology to gather as many applicants as possible.

Tenant Screening

We’ve set high qualification standards and have a detailed application process, which includes income verification, rental verification, background checks, credit checks, FBI's Most Wanted List, National Terrorist Database, and the Sexual Offender Database.

Full Legal Compliance

Our leasing agents and property managers undertake rigorous training and/or licensing. And, we conduct all our activities in accordance with State and Federal law as well as the National Association of Residential Property Managers Code of Ethics.

Property Accounting and Reporting

We have an in-house accounting department who oversees all accounting and reporting functions. We use a cloud-based management software that provides comprehensive accounting, detailed monthly statements, annual reports and IRS compliant reporting.

Owner Portal

We give you real-time access to your properties via your Owner Portal. We simplify your life by connecting you to property specific information and monthly owner statements.

Tenant Portal

Prospective residents can apply online with the click of a button, existing residents pay their rent online instead of sending rent checks by mail.

Property Maintenance

We have a dedicated maintenance team of qualified vendors that provide us discounted rates which are passed on to the owner. In addition, we have our own maintenance company. Together this ensures prompt repairs and we are on-call 24/7/365 for emergencies.

Rent Collection

We manage all rent collections for your property. We have strict policies and standards in place to collect rent as effectively as possible.

Convenient Rent Payments

Multiple options for residents to pay rent conveniently and on time. Residents can pay online and even from their mobile phones.

Eviction Process Handling

We use the top Landlord/Tenant attorney in the state of Florida to assist with the eviction process in the unlikely event that a tenant needs to be removed from the property.

Property Evaluations

Detailed on-sight evaluations of your property to review and report on property condition.

Tenant Maintenance System

From their mobile device, Residents can conveniently place maintenance requests, schedule appointments and communicate with vendors.

Filter Replacement Program

Residents receive regular shipments with A/C filters to make it easy for them to remember to change the filters. This cuts down on energy costs and helps the equipment to last longer.

Leasing Guarantee

If a tenant we place into your rental property breaks their lease before the end of the initial lease term, we will not charge you a leasing commission to find a replacement tenant (excluding moves for military orders)

Rent Guarantee

Management guarantees rent will be paid by the 20th of the month (for up to one month).

Tenant Damage Guarantee

While we are managing the property, if a tenant we placed causes damage to your property, in excess of the Security Deposit, we will make the repairs, up to $1,000, at no cost to the owner.

Eviction Guarantee

While we are managing the property, if a tenant we placed has to be evicted, we will handle the cost of eviction, up to $2,500.

Capital Improvement Evaluation

Upon Request. Annual visit and report on capital improvement needs for your rental property.

HVAC Maintenance Agreement

Upon Request. Regularly scheduled service program of your properties HVAC system.

Let Sarasota Management & Leasing Manage Your Lakewood Ranch Property

Cost Effective Services that Deliver Peace of Mind

Owning rental property can be a rewarding and profitable experience if the property is managed properly, and that’s where we come in. For property owners, trying to manage a rental property remotely or in addition to managing your career and family can be stressful and costly. Consider if you have the time and expertise to perform all of the above steps…repeatedly. If the answer is no to any one of those steps, call a Lakewood Ranch property management expert at Sarasota Management & Leasing.

The cost for Lakewood Ranch property management services provided by Sarasota Management & Leasing is one month’s rent (taken from the tenant’s first payment) plus 7 percent of the rent per month for the term of the property management agreement.

If you have any questions, or if you’re ready to entrust your property investment to us, call 941-377-8400 or email info@www.sarasotamanagement.com.

Letters of recommendation from current owners and brochures are available upon request.

For helpful articles on owning rental property, sign up for newsletter or visit our blog.

Areas We Serve

We're experts in the Florida rental market. If you're a property owner or a tenant in the following cities, we're here to serve you:

What People Are Saying About Us

4.9/5
4.9 /5
177 Reviews

Google
5.0/5
Mar 16, 2020
Google Sarasota Management & Leasing Christina
I am a renter and always get an immediate response from Sarasota Management when I have any questions or concerns. They make sure to fix any problems right away and will call a different repair person if the first company doesn't do the job well. They are always pleasant and easy to work with. I've been very happy with their services for the past 3 years.
Survey
5.0/5
Feb 27, 2020
Sarasota Management & Leasing Jason
Hreat service.
Survey
4.0/5
Feb 21, 2020
Sarasota Management & Leasing R
Good work, highly responsive.
Survey
5.0/5
Feb 21, 2020
Sarasota Management & Leasing Justin
Very professional and prompt service
Google
5.0/5
Feb 20, 2020
Google Sarasota Management & Leasing Dimitar
I've made a great choice, selecting SML! I have been using Sarasota Management & Leasing since July 2013 to manage my rental property in Sarasota and I am very pleased with their service. They respond quickly to all inquiries and are always there when I or the tenants need them at most. Everything is always handled in a professional, stress-free and time-efficient manner. If you are searching for a property management company look no further.

Want to Learn More?

If you’d like to learn more about our properties and what it’s like to work with Sarasota Management & Leasing, get in touch. We’d be happy to talk more about our rental properties, our application requirements, and our leasing process.

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Sarasota Management & Leasing

70 Sarasota Center Blvd Sarasota, FL 34240
(941) 377-8400 | (941) 378-5863
info@www.sarasotamanagement.com