Owners FAQ

Get answers to all your concerns.

Any company that offers any type of property management service must be licensed in Florida by a real estate broker.

The state of Florida has multiple requirements that must be fulfilled before they will grant a real estate license to the company and the company must be licensed to practice real estate or property management in Florida. Below are some of the license requirements. Most property management companies meet these requirements, but most individual property managers do not. Be sure to ask your property manager if they are personally and individually licensed to practice property management in Florida. Confirm that your property manager is licensed by clicking here.

  • Complete 63-hour course for education
  • Pass a comprehensive state exam
  • Full personal background check
  • Insurance requirements
  • Continuing Education yearly classes 

No. Many property management companies only provide limited services for discounted pricing; some firms are designed for owners who like to be very involved in the day-to-day management of their homes; and some firms (like Potential Rentals) are Full-Service firms designed to give owner-clients a full service, stress-free, hands-off experience, where we handle ALL aspects of the property management cycle with professionalism and expertise. Property Management in Florida is legally complex, and you want a professional overseeing what may be your most valuable asset. As you consider partnering with a property management company, but sure to ask them the following questions:

  • Is each individual property manager licensed? (All Potential Rentals Property Managers are fully licensed and go through a detail internal and ongoing training process)
  • What if I want to cancel my service with you? (Most property management companies have long term contracts with expensive termination fees. Potential Rentals offers a month-to-month contract with no termination fees or penalties; because we believe that we should earn your business every day and you should have the flexibility to leave if you want to.
  • What “other” fees could you charge me? (Many property management companies have hidden fees for things like paying bills, eviction services, dealing with HOAs, or property inspections. We do not charge for any of those services; they are part of our full-service management service. Click here to view what is included in our full-service property management offering.

Potential Rentals is an experienced property management firm in Florida, serving real estate investors, residents, buyers and sellers since 2017. We combine ‘old school’ family-owned customer service (we actually return phone calls), with the most up to date technology to create a great experience for our owner-investors as well as our tenant-residents. 

Yes. We are very experienced in taking on the management of a property with a current tenant in place. We often take over management in situations where a tenant may be delinquent in rent or the owners are having difficulity managing a current tenant. When this happens, we perform a full lease audit and work with the tenant to ensure that the they either conform to the terms of the lease and bring their rent current, or when necessary, vacate the property.

No. We do not manage furnished properties or short term rentals. We specialize in long-term rentals.

There are multiple laws governing rental real estate including federal and state fair housing, habitability laws, tenant rights laws, applicant screening, rent-ready standards, and more. We ensure your property and the management experience is fully compliant with ALL rules, regulations, and laws.

Any company can find a few owner-clients to say something nice about them. The BEST way to research a company is to review the BBB complaints the company has received. Also review independent google reviews. Click here to view our online reviews.

Click here to view our fair and transparent pricing (with no hidden fees!)

No. We believe we should only be paid if you get paid. So our management fee is a percentage of the actual rent we collect. If we do not collect any rent, or if the property is vacant, you don’t pay us anything.

Our extensive and proven marketing program attracts high quality applicants from a variety of sources. 

You must maintain any personal property you leave behind. That means that if you provide it, you must fix it when it breaks. Therefore, we recommend our owners only leave well-functioning washers & dryers in the property. 

Properties that show well and are priced appropriately should rent in 30 days or less. We will give you price recommendations as well as weekly activity feedback to ensure we minimize any vacancy time.

In depth tenant screening is the foundation of a good property management experience. Our in-house screening process utilizes technology plus good old fashioned landlords’ references to ensure we place high quality tenants in our properties. We comply with all federal and state laws governing applicant screening. 

No. You can trust us to minimize the risk of placing a poor-quality tenant. Our applicant screening process has processed many applicants, and we know exactly what to look for in a high-quality tenant-resident. We comply with all fair housing rules and regulations as well as Florida applicant screening laws.

Although you do NOT have to accept pets in your rental, over 70% of tenants come with pets. That means that if you choose NOT to accept pets, you are reducing your prospective inquires by 70%. We do recommend our owner-clients allow pets, and we provide our owner-clients with a $1,000 pet damage guarantee.

No. A landlord is never required to accept a tenant’s application, but many areas will require you to treat a Section 8 tenant’s application with the same respect that you would treat any other application. This means landlords may not discriminate based on where tenants receive their income (including government subsidized programs).

We use an in-house, custom, attorney prepared lease agreement designed to be fair and provide maximum legal protection to all parties. We also include a pet addendum, EPA required lead based paint disclosures, mold disclosure, state required radon disclosure, and crime free lease addendum. 

No. As your legal agent, Grace Management signs all of the legal documents on your behalf.

Our owner-clients have a secure on-line portal which gives 24/7 access to financial reporting. 

We close out the monthly accounting cycle and do a direct deposit of your funds on the 15th day of each month.

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