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What are the Property Management requirements in Florida

What are the Property Management requirements in Florida

  • Posted: Oct 12, 2016
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As more investors are heading into becoming owners of rental properties the questions arise about requirements. There are questions that you need to know the answers to and SFPMA has you covered.

 

Must a Florida property management company have a real estate broker’s license?

YES. Key components of property management (renting and leasing) are considered a real estate activity under existing Florida real estate licensing laws. A property manager needs broker license if he or she is paid by commission, and is handling rentals and leases for others. No license is required for managing personally owned properties. There is not a “Property Manager” license or certificate. Also, certain rental properties need a license through the Div. of Hotels and Restaurants.

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If you don’t hire someone to field these inquiries, you’ll have to do it yourself.

If you don’t hire someone to field these inquiries, you’ll have to do it yourself.

  • Posted: May 24, 2016
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Vacation Management managers can be found on SFPMA.com Vacation listing websites help you book renters but they can take up to 30 percent in commissions. While this may seem high, remember that each booking can involve dozens of inquiries for each renter. If you don’t hire someone to field these inquiries, you’ll have to do it yourself. You probably don’t want to rely on a listing website alone for your marketing. If you do, you may be costing yourself a lot of rented nights each year. Here are some relevant facts from the Vacation Rental Property Marketing Blog about vacation rental owners’ marketing expenses: Vacation rental owners spent an average of $1,150 per year marketing their properties in 2011. Half of all vacation rental owners only use listing sites to market their properties. This group experiences annual average occupancy rates of 54 percent. Vacation rental owners who combine listing sites with their own websites bump their occupancy rates up to 76 percent, on average. 94 percent of all vacation rental owners believe they could be doing more to promote their properties. Let us help by listing your Vacation Rental Company with us:  SFPMA has a Directory used by Thousands of Clients looking for the management services you provide….

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