Landlords: Frequently Asked Questions

If I have my property managed by WrightDavis Property Management, can you save me money?

Yes. In most cases we have found that our fees are more than offset by our ability to obtain higher rents, less delinquency, lower vacancy rates, lower repair costs, and a faster turn-around of vacating units. In short, your cash flow will be better than if you try to manage all of the day-to-day burdens yourself. The Owner can also usually write off these management expenses and get a schedule E tax deduction for these services. Our services help to protect your investment, enhance your cash flow, and save your valuable time.

Do you charge the tenant a security deposit?

Yes. The security deposit is typically one month’s rent.

What about a pet fee?

Pets are not allowed without your permission. When pets are allowed, an additional pet fee of typically of $350 – $500 is required for each pet. Damage above and beyond the pet deposit remains the tenants’ responsibility. The pet deposit is used to offset the costs of steam cleaning that is done on your carpet after the tenants vacate.

Do you keep up with all the changing rules and regulations with new legislation?

Yes. WrightDavis Real Estate is a member of the National Association of Residential Property Managers (NARPM), The National Association of Realtors, (NAR) and Greater Tampa Association of Realtors, (GTAR). These organizations are constantly monitoring industry legislation and changes.

Will I know what is going on with my property?

Yes. We place a great emphasis on maintaining a high level of communication. We will contact you at reasonable times to discuss repairs and notify you of any tenant requests to vacate. On the monthly owners statement we will summarize all activities occurring with your rental property each month.

Do you qualify all applicants that want to rent my property?

Yes. Our application is designed to generate complete information from each prospective tenant. We process all applications and verify criminal background, rental history, employment history and income verification and credit history.

Do you advertise vacancies?

Yes. We start marketing the vacancy as soon as we receive notice from the tenant of their intention to vacate. We know where to advertise to find tenants quickly. We know the rent values and time on the market in your area. Additionally, we then advertise in the local community, through web-based resources and through a Realtor referrals network.

Do you handle problems late at night?

Yes, 24 hours a day, 7 days a week. Tenants are given our number when they move in and in the case of an emergency are directed to call us 24/7. Many times we can solve minor problem over the phone, and initiate a scheduled non-emergency repair. Other times a tenant may place a non-emergency online repair request 24/7.

When do I get my monthly statement and check after the tenant pays their rent?

Rents are due on the 1st of each month, and there is a short grace period. We will have a monthly statement and check sent to you within 5 days of receiving payment from the tenant.

Are your management fees competitive?

Yes. Our monthly property management fee is 10% of the monthly rent amount. Our tenant procurement fee is equal to 75% of one month’s rent. We charge no fee’s to set up new accounts, no lease renewals fees, no hidden fees and no junk fees. No surprises!

Does your management agreement give you exclusive right to sell my property?

No. We can sell your property if you would like us to, but it is not a requirement of our management contract.

Are you licensed?

Yes. Our Property Managers and Real Estate Agents are licensed by the Florida Department of Business and Professional Regulations (DBPR). We are also a licensed Florida Real Estate Brokerage Company (License #Q1039676).

Can you start managing my properties today?

Yes. We can start the process immediately. Contact us today to set up a no obligation consultation to discuss your property in detail.