· Property Evaluation

· Vacancies

· Tenant Screening & Selection

· Security Deposits

· Rental Collections

· Monthly statements

· Property Inspections

· Maintenance Services

· Eviction Services

· Management Fees

· Areas Covered

Property Evaluation We will assess your property, make recommendations, and obtain the best price and a quality tenant.

Vacancies Vacancies are expensive for both of us. We make every effort to keep our vacancies to a minimum. Our aggressive marketing plan allows your property to be presented to the largest possible market in the shortest possible time. With over 20 years of building relationships we now have a vast and comprehensive network of contacts to help fill vacancies.

Tenant Screening and Selection We want good tenants just as much as you do! We pride ourselves in the quality of tenants we are able to attract. Atlantic Property Management views resident selection as our most important function. Years of experience in dealing with tenant screening virtually insures a hassle free experience. Our extensive tenant screening and credit investigations help ensure this. Applicants are required to complete a detailed rental application, meet minimum income requirements, rental background, credit requirements and provide references. We run a total credit check on all prospective tenants. In addition, we can direct debit the tenant’s checking account for rental payments! This has proven to be extremely effective in stopping late rents. Once a tenant's application has been approved, appointments are made to approve the actual lease agreement. We review the lease thoroughly with the tenant. This gives us a chance to answer any questions and to carefully explain the tenant's responsibilities as well as our company's policies, and rules. This attention to the tenants' needs greatly reduces misunderstandings and eliminates many potential problems before they are problems. A copy of the lease agreement will always be sent to you upon execution. Once again, we want good tenants just as much as you do! We pride ourselves in the quality of tenants we are able to attract.

Security Deposits For additional protection, appropriate security deposits are always collected upon completion of rental applicants by a prospective tenant. Amount of deposits are based on the monthly rental rate. Applicants with pets are required to pay an additional non-refundable pet deposit, (if the owner approves a pet). All deposits are maintained in a non-interest bearing trust checking account as required by State of Florida regulations until they are either refunded to the tenant upon the successful check-out inspection or are forfeited to cover damages caused by lease violations.

Rental Collections All rent is due on the 1st of each month and is considered late if received after the 5th of the month. Late notices are sent on the 6th and removal proceedings are initiated if the tenant does not make immediate arrangements for rent payment. We feel that the collection of rent is the second most important function of managing your property.

Monthly Statements Every transaction affecting your account balance is recorded and explained in detail. Our monthly statement enables you to see exactly what has transpired with your property on a monthly basis. Copies of all work orders and receipts are kept on file throughout the year. We will be happy to provide duplicate copies of this information at the end of the year to help you with your tax preparations. In addition to the monthly statements we also provide a complete account summary at the end of the year. This shows you each accounting transaction posted on your property during the year; i.e., total rent received, total maintenance expenses, etc. These statements are designed to simplify the year-end tax preparation job for you and your accountant.

Property Inspections Our main job is to protect your investment property. We do this in three different ways. First we make frequent drive-by inspection tours of your property. In addition, we make regular preventive maintenance inspections of the interior of the property. And we conduct written move-in and move-out inspections. It is stated in the tenants lease agreement that we have the right to make routine announced inspections. Tenants are always notified in writing of pending property inspections. Atlantic Property Management conducts routine inspections, and tenants who are doing a good job receive a letter thanking them for their time and the care taken in maintaining their home. Tenants who are doing a poor job are also notified, and then we follow-up with a second inspection ten (10) days after the tenant has received the deficiency report. If the tenant has not shown good faith by providing property maintenance or making requested repairs we will begin proceedings to correct the problem at the tenant's expense. Physical Inspection (cleanliness) report: At lease-up and annually thereafter we document the condition of the property with a physical inspection report, noting any deficiencies. This report is used upon move-out, with the tenant being responsible for the same level of cleanliness as move-in.

Maintenance Services Timely and competent maintenance is the key to protecting your investment. Our goal is to provide you with this important service at a reasonable price using only qualified service providers. All repairs and maintenance services are performed by our handyman staff, outside vendors, and contractors. Each has been selected because of their ability to provide the best possible service at the best price. You reserve the right to schedule and control any or all repair and maintenance responsibilities, if you desire. Routine repair and maintenance will be performed as needed and will be based on urgency and importance. For any major job, we usually obtain written estimates from three different companies, notify you, and obtain your approval before we proceed. We ensure the quality of the work performed by making spot checks and follow-up inspections. You are further protected because each job is fully documented in writing and supported with receipts.

Eviction Proceedings We hope you will never have to use our eviction services. To protect you, our office has the latest resources to verify every aspect of the applications. Unfortunately, even families that are well qualified can encounter serious situations (loss of employment and divorce are the most common). In many cases financial instability is the problem. When a family does not pay rent and does not move, our only recourse is to take legal action. Typically, the paper work is sent to the attorney's office, the tenant is served the legal papers and our office will appear on behalf of the owner to present evidence. The matter is usually an issue of unpaid rent and the judge normally finds in favor of the landlord. The total eviction cost varies and we generally expect the entire process to take about three to six weeks after we send the paperwork to the attorney. Should an eviction process need to be implemented we will discuss the matter in full detail with you and make the process as easy and pain free as possible

Management Fees

Residential: Our management fee is 8% of collected rent and includes the above services. Leasing Fee: Equal to amount of one half of 1 month’s rent. This fee will be paid only when vacant unit is rented out, security deposit and first month’s rents have been collected and tenant has been given keys. The owner will be responsible for all advertising costs associated with renting out the unit.

Eviction Fee: There will be a $25 fee for each eviction action. The fees paid for the attorney to file the eviction, all court filing fees for the motions, and the process server fees are the responsibility of the owner. Additional fees may apply if attorney and management are required to represent you in court.

Turnover Fee:. There is no standard fee here as all units require attention on a case by case basis. Any tenant damages will be deducted from the security deposit and the tenant properly notified as per State of Florida regulations. We will check everything for needed repair from plumbing to paint, including installation of new batteries for smoke detectors and new light bulbs and carpet cleaning . Should we recommend any renovations to the unit, we will obtain your approval prior to proceeding.

Locations Covered

Broward County, Florida, including Fort Lauderdale, Cooper City, Weston, Davie, Pembroke Pines, Miramar, Southwest Ranches, Hollywood, Sunrise, Dania, Plantation, Hallandale Beach and Miami Lakes.