What we do as your property Management firm
Our property management services will advertise the rental property, handle tenant inquiries, screen applicants, and select suitable candidates.
Our team prepares lease agreements, conduct inspections, and move the tenant(s) into the property. Our team coordinates maintenance issues, supply the owner(s) with financial statements and any relevant information regarding the property, etc.
In this ever changing Florida market, we will list your property at fair market price. Our latest and modern advertising strategies and staging will get your property the exposure it needs to sale or rent at top dollar.
Show and lease available units
While the fee for property management is sometimes calculated as a percentage of the rent that is due each month, many contracts are set up so that this fee is based on the amount of rent that’s actually collected — this makes filling vacant units one of our top priorities for our clients.
To accomplish this goal, we have developed marketing strategies and advertise available units to the general public.
Screen potential tenants
A lease agreement goes both ways — potential tenants will want to confirm that a property suits their needs before they rent it, and property managers want to confirm that the tenant will take good care of the property and keep up with their payments. We contact references, check credit scores, and run criminal background checks. We screen out tenants who are more likely to give property owners problems down the rod. Some property management contracts include a separate tenant placement fee that can be refunded if the tenant vacates the unit or breaks the lease, which gives managers additional incentive to screen out tenants who might be a problem.
Set, collect, and deposit rent
generating rental income is still a top priority for property managers. They must make sure that rent is collected and then deposited into the appropriate accounts in a timely manner.
Property managers may also be responsible for setting the rental rates for the property. In such a case, they’ll need to analyze the rental market in their area to determine prices that will allow them to earn the most profit while remaining competitive.
Maintain property
We inspect units at least every six months so that maintenance issues are identified and fixed before they develop into bigger problems. We also inspect vacant units — when there aren’t any tenants around, no one but the property manager is going to notice developing problems.
Manage the budget set by property owners
Manage the budget for repairs, the property owner will typically put the money that’s needed for maintenance into a repair service fund. We may be authorized to pull from this after notifying the owner when repairs cost over a certain amount.
Represent out-of-town property owners
We are especially valuable to property owners who don’t live in the same area as their real estate investments. We often work on-site, which means we will be on hand at the property during work hours to deal with any issues that pop up. Whenever the owner wants an update, we can provide them with firsthand knowledge of what’s going on with their real estate investments.
Ensure compliance with landlord-tenant regulations
We are responsible for ensuring that the property owner’s investments are operated without breaking any housing laws.
The Fair Housing Act, which was originally passed as part of the Civil Rights Act of 1968, prohibits the following actions if they are based on the tenant’s race, religion, national origin, gender, or disability:
Pratt Real Estate Group
REO Asset Management
Pratt Real Estate Group
BK3266085, CQ1057987
Port Saint Lucie, FL 34953
Office: (954)743-5270
Fax: (954)994-0046
Direct: (954)716-1756
Email: Florida@PrattRealEstateGroup.com
Website: PrattRealEstateGroup.com
Pratt Real Estate Group offers a full service REO division with a managing broker, Melissa Pratt, along with 4 qualified agents/employees who manage all aspects of the REO process and disposition. We complete our own BPO’s with extremely accurate price points that will get the properties sold in less than average time.
Pratt Real Estate Group is currently selling both distressed and non-distressed properties in South Florida. We have an excellent understanding of the REO process and trained agents ready to assist. In addition, we have been completing BPO’s, pricing properties, and marketing properties to accelerate the disposition of the investor held assets in today’s challenging real estate market.
I am the main contact for all our REO properties so you will be dealing only directly with the agent that represents your assets. Our extensive experience allows us to accurately advise bank asset managers on their most valuable assets. We have a dedicated asset manager "hotline" which includes private cell phone, fax, and email which enables you to contact us 24/7. We pride ourselves on being immediately available. You will also have direct access to a private website which will enable you to see the "real time disposition" status of all your REO properties.
With more than 12 years of real estate experience and 3 years working in the REO "niche", my team and I are more than capable of handling your important business. We have represented numerous buyers on the purchase of REO properties and have a database of hundreds of "ready and willing" buyers that are extremely interested in purchasing REO properties. We are quite confident we will be able to move your properties.
We are ready to move your assignments quickly and with great care!
Do not take chances! Our team is the right decision to market and sell your assets!
Best Regards,
Melissa Pratt
Melissa Pratt, Managing Real Estate Broker
Experience/Qualifications
· Paralegal Associates concentration Real Estate Studies – Palm Beach State College
· Licensed since 2011
· Prior experience and knowledge in REO sales and marketing
· Valuation expert completing over 1500 BPO’s since 2015
· Contractor with Residential Real Estate Review
· 4-person full-time licensed REO staff
· Covered with a $1,000,000 Errors and Omissions Insurance Policy
· Covered with a $2,000,000 General Liability Policy
· Expert Training in distressed market REO/Short Sale Valuation
Member Affiliations
· Member is Miami Association of Realtors
· National Association of Realtors
· Certified in Housing and Urban Development
· Committee Member of American Dream Housing Foundation
· Matrix MLS
· Florida Notary
· Florida Remote Notary
Operations/Responsibilities
· Weekly property inspection service provided on bank properties
· Emergency repairs
· Timely re-keys
· Accurate BPO’s in 48 hours
· Bilingual (English – Creole)
· Cash for keys
· Handling Payments for utilities
· Expert eviction service provided
· Home repairs vendors provided
· Bi-weekly property inspection service on bank properties
Service Areas
Specializing In Saint Lucie, Martin, Miami-Dade, Broward, and Palm Beach Counties
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