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Miami Owners Guide

Miami renters are educated and sophisticated. Miami’s strong rental market is full of tenants who are renting properties because they’ve relocated or frequent Miami for business. Several moving to Miami also rent for a few years before they determine which community to purchase property. Tenants are used to an upper-bracket lifestyle, and expect their rental properties to follow suit. They are looking not only for a luxury property with upgrades and curb appeal, but a property owner and management company that quickly responds to their requests and needs.

Below are a few tips for owners considering leasing their properties:

Determining Rental Value
Cleaning Your Property
Understanding Landlord & Tenant Laws
Increasing Curb Appeal & Attractiveness of the Home
Small Fixes to Rent Your Property Quicker

Determining Your Rental Value

What you need to know as an owner is that examining market trends should set your rental value. While you’re determining your price, consider how long you’re willing to wait for a tenant who will pay your asking price. Strong markets, such as Miami, may see renters lined up at the doors ready to pay the asking price for a great unit. In soft markets, those rules go out the window. Because market value fluctuates so often, rent aggressively.

A wise exercise would be to consider your loss for a 12-month period. For example, if you have been receiving $1,500/month in rent and the unit is vacant for three months because you cannot find a tenant to pay that amount, you are losing a total of $4500 in rent, along with any expenses accrued through out the three-month period. Over a one-year period you stand to loose $600 if you reduce the rent to $1,450.

Working with National Property Management Group will give you the advantage of setting the right value right upon listing your property. Our experience and knowledge of the Miami market trends allows us to properly advise you of a wise asking price.

Ready to have National Property Management Group lease your home? Call (913) 499-0345 .

Contact us today!

Tips for Cleaning Your Rental

Because we work with homeowners and investors wanting to rent their properties each day, we know what prospective tenants notice. And one key area: cleanliness.

Don’t leave first impression to chance. A clean rental home implies that the home has been well kept and that the landlord is reliable. A clean rental home also sets the expectation that the home should be returned that way once the lease is over.

To get your rental home where it needs to be, we recommend the following cleaning tips:

Hire a professional

Sure you can run a vacuum but you may not be able to clean your house like a professional cleaning service.  A move in clean requires that all drawers, closets, cabinets, garages, etc be sparking clean and ready for the new renter.  You only have this expense once, since the tenants will be required to leave it in the same immaculate condition. If you are in need of a professional cleaning service, let us know, we can recommend one for you. Remember, you don’t get a second chance to make a good, clean first impression.

Clean the Floors

Dirty carpets are an immediate turnoff to prospective tenants. Have the carpets professionally cleaned by a service . We will require all tenants to have them professionally cleaned going forward. If tiles in the floor are cracked or missing, replace them and repair obvious hard wood damage. All uncarpeted floors should be thoroughly cleaned and swept. Hiring a company that can clean carpets as well as tile floors and showers is a small expense that pays dividends in securing a renter.

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Paint the walls and ceilings

Give the walls a fresh coat of paint before showing your house to prospective tenants. Dingy paint is a depressing sight for potential renters. Be sure to repair any nail holes or gashes left by previous tenants. Address any water stains in the ceiling by making repairs if necessary and painting over. Also make sure all ceiling bulbs are working and that light fixtures are dusted.

Clean the Windows

Clean all of the windows inside and out and make sure that all of the locks and screens work properly. If your property comes with window treatments, they should be clean and in good working order.

Clear the Vents

Check the vents in each room to make sure they are working properly. Also, all intake and room vents should be free of dust. If it has been a while since you’ve had them cleaned, a professional duct cleaner may be a good idea for your rental property.

Wipe Down Appliances

Do a thorough scrub of all kitchen appliances including the oven (oven cleaner)  and range , refrigerator and dishwasher (if there is one.) Also wipe down the exteriors of the washer/dryer if they are present.

Clear the Cabinets and Closets

Make sure that all storage space is free of the previous tenant’s belongings and is wiped down, swept or vacuumed. Don’t forget while you are painting to touch up the closets. Closets are prone to scratches and need to be painted for new renters.

Scrub the Tub and Shower

Nothing says neglect like a mildewed bathroom. Be sure that all grout is scrubbed and reapplied, if necessary. Get the bathtub and shower as clean as possible, install a new shower curtain and consider replacing or resurfacing if needed. Toilets and sinks should also be thoroughly cleaned.

Lawn Maintenance & Exterior Updates

Even if yard maintenance will be the responsibility of your new tenant, start them off with a freshly mowed lawn, clean porches and a carport or garage that is clutter-free. According to a 2009 Remodeling Cost vs. Value report by Remodeling Magazine and REALTOR® Magazine, some of the smartest home improvements come in the form of exterior replacement projects. If you’re looking for a way to increase curb appeal and lease your rental faster, consider a small-scale exterior project. Statistically, you’ll recoup your money much quicker and easier that way.

Contact us today!

Understanding Landlord and Tenant Laws

Owning an investment property can be exciting and frustrating all at the same time. If you don’t properly lease and manage your property, it can also leave your personal assets exposed.

You need to know and understand your rights as a landlord, and the rights of your tenants, before you enter a lease agreement. You need to understand issues of tenancy, notices and ownership. That’s where we come in. As experts in leasing rental properties and managing properties, we can guide you through understanding the legal system when it comes to landlord/tenant relationships.

Want to put leasing your property in the hands of experts? Call us at (913) 499-0345 .

Increasing Curb Appeal & Attractiveness of your Home

Curb appeal is one of the best ways to get prospective tenants interested in your rental property. As attractive as you can make the outside appear, the quicker your home will rent. And yes, although the home is located in beautiful Miami and near the best beaches in the world – curb appeal is still important.

The same goes for the inside and remodeling jobs. From our experience, we’ve watched tenants keep up homes that were well maintained to begin with. We’ve also seen the flip side where tenants in poorly maintained spaces show less respect and care for the rental property. In order to gain a positive impression of a potential tenant, you must take into account the curb appeal of your home, as well as updates to the interior.

That is where we come in. We work with vendors who offer special pricing for remodeling and general repair items. Our contractors get special pricing for the materials we use. Improving the curb appeal of your home can help it attract the right renters for the community, and for you.

Home Remodeling

Today’s tenants don’t just want clean interiors; they want updated, modern spaces in their rental properties, too. By updating your appliances, flooring, painting, and in some cases remodeling areas of the home, can improve your chances of finding a quality tenant at a reasonable rent.

Advice on Home Upgrades on Rental Properties

In our long history in the industry, we have come to understand that sometimes less is more. When the market is strong, many owners tend to think that it is okay to let certain things go on their properties. Because the demand is high, tenant’s demands are low causing fewer expenses for the home.

However, when an owner is receiving a high rent on a consistent basis, that’s actually the right time to invest some of that income back into the property. It is a good idea to replace little things here and there as they break down or as a means of maintaining the look and feel of the property. It will reassure your tenant that you take pride in the property and value them as tenants.

Owners who do these things tend to hang on to their tenants longer and have fewer issues over the term of the tenancy. When the tenant does decide to leave, you are in a good position. You will have to spend less money to bring the property up to expectations and you’ll re-rent the property faster and collect a higher rent in some cases.

For great home improvement advice try http://www.homotypic.com/

Ready to have National Property Management Group lease your home? Call (913) 499-0345 .

Contact us today!

Simple Fixes to Help You Rent Your Home

Looking for ways to make your home more appealing to renters? There are a number of simple fixes you can do to your property that will make prospective tenants sit up and take notice.

• Fresh paint (Inside and out, a fresh coat of paint can give your rental house a new lease on life. Choose neutral colors that won’t offend a prospective renter’s sense of style or make it hard to match furniture and curtains.)
• New fixtures. Nothing dates a house like outmoded or broken switches or lighting fixtures. For a little money, you can upgrade ceiling lights, outlet covers and switch plates — finishing touches that will make your property look well cared for and desirable.
• Nothing dates a house like outmoded or broken switches or lighting fixtures. For a little money, you can upgrade ceiling lights, outlet covers and switch plates — finishing touches that will make your property look well cared for and desirable.
• Improve your carpeting.  If you have wall-to-wall carpet that needs cleaning or replacing, now is the time to do it. Few things turn off renters as effectively as dirty or torn carpet, a sure sign of neglect by previous tenants and landlord alike.
• If you have wall-to-wall carpet that needs cleaning or replacing, now is the time to do it. Few things turn off renters as effectively as dirty or torn carpet, a sure sign of neglect by previous tenants and landlord alike.
• Clean it well. The smell and overall cleanliness of your rental house is what a renter will notice first once they cross the threshold. • Whether you need to hire a cleaning service or roll up your own sleeves, make sure to make right or improve upon the condition in which the last tenants left the floors, countertops and the inside of appliances.
• The smell and overall cleanliness of your rental house is what a renter will notice first once they cross the threshold.
• Whether you need to hire a cleaning service or roll up your own sleeves, make sure to make right or improve upon the condition in which the last tenants left the floors, countertops and the inside of appliances.
• Landscaping. Never underestimate the power of a mowed lawn and planted beds. Bright flowers and healthy greenery are the first and most striking difference you can make to your rental home’s first impression.
• Never underestimate the power of a mowed lawn and planted beds. Bright flowers and healthy greenery are the first and most striking difference you can make to your rental home’s first impression.

You don’t have to spend a fortune to improve the overall soundness of your rental home. Cosmetic changes can make a massive difference. Use a stranger’s eye to appraise what needs to be improved and you’ll soon have more applications for your property than you can manage.