Tag Archives: management

​10 things to ask before… Choosing a property manager

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Via – Tampa Bay Business Journals
INDUSTRIES & TAGS

1. Are you accredited?

Accreditation indicates that a property management company adheres to high standards. Look for a company that has an accredited staff and leadership who have met the strict requirements for education and experience in property management. A major accreditation organization is the Institute of Real Estate Management, a division of the National Association of Realtors.

2. What does your insurance cover?

Make sure the company has a fidelity bond to insure against loss due to employee dishonesty. Coverage for forgery and alterations is also important to protect against loss. The staff should be knowledgeable of loss-prevention and risk-management programs.

3. What services do you provide?

Property management companies can offer an array of services, including management planning, financial reporting, market rent analysis and lease negotiation, to name a few. Determine what services your business needs. That information can help you draw up the best management agreement for your property.

4. Why types of properties do you manage?

A management company’s expertise should fit your needs. Does it have experience solving your sort of problem, such as a maintenance or vacancy issue? Has it managed your type of building, be it an office or housing complex? Find out what other properties the company manages, how long it has managed those properties and what the results have been.

5. What is your fee structure?

Possible fee structures include the following: management fees, generally based upon a percentage of collections; percentage fees, which can be based on different portions of income; and flat fees, or a flat fee plus a percentage of income.

For the additional 5 points, click here for full article

If you’re seeking professional property management, look no further and CLICK HERE <—

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The Year of the Dragon… or the Snowbird? ** Migration to Florida regaining momentum

The Year of the Dragon… or the Snowbird? ** Migration to Florida regaining momentum

By Zac Anderson

zac.anderson@heraldtribune.com
Published: Saturday, January 5, 2013

picture provided via Kelevra Mojo Co.

picture provided via Kelevra Mojo Co.


More people are expected to move to Florida in 2013 than during 2008, 2009 and 2010 combined
, as a primary force behind the state’s economic growth — migration from other states and countries — regains momentum after some of the worst years on record.

The increase in net migration is expected to reignite Florida’s growth machine and generate more jobs, construction and business sales, helping maintain a post-Great Recession recovery.

Florida’s new migration wave is the result of baby boomers and other retirees moving south again and the state attracting more working-age adults as the regional and national recoveries gain steam.

“Our best guess is that migration to Florida will accelerate from this point forward, plateauing around 2016,” said Chris Lafakis, a senior economist with Moody’s Analytics who tracks the state’s economy.

The influx of new residents is critical
because migration “historically has been the key driver for a wide variety of Florida’s service industries,” Lafakis said. “It’s one of the most important factors for the short-term and long-term performance of the state.”

Slow recovery


Florida’s net migration hit a low of 34,000 in 2008
and remained weak through 2009 and 2010.

Sarasota real estate agent Tierney Foster described the period as “dog eat dog.” Many agents that she knew left the business or found second jobs.

Foster got by on referrals from past clients, which have picked up lately.

“We have to be optimistic after what we went through,” Foster said. “Anything is better than where we were.”

Economists say the same factors that helped ‘investors’ to invest in Southwest Florida in 2012 are expected to spark an even stronger rebound across the state this year.

More than 171,000 people are expected to move to Florida in 2013, according to the most recent forecast from the state Office of Economic and Demographic Research.

If those predictions hold true, Florida’s growth will have recovered to 66 percent of historic annual net migration since 1970.

Economists and demographic experts do not expect the state’s migration levels to reach the highs of recent decades, when more than 300,000 people arrived in some years.

But net migration should top 200,000 in 2014 for the first time in eight years and reach a “new normal” of about 250,000 annually after that. At that pace, Florida would add the equivalent of five cities the size of Sarasota every year.

For complete article, CLICK HERE <——========

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Cities with the Highest Rent Spikes in 2012 via Fortune

Cities with the Highest Rent Spikes in 2012

Apartment & Investment Specialist -- Sean Dreznin at NAI Manasota

Apartment & Investment Specialist — Sean Dreznin at NAI Manasota


Fortune By NIN-HAI TSENG | Fortune


Top 5 include;

Houston, TX
Oakland, CA
Philadelphia, PA
Miami, FL
Denver, CO

For complete article, CLICK HERE <—–========

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Converter loses more than $20 million on Manatee condos

By , Herald-Tribune
/ Monday, May 14, 2012

Tradition Tarragon LLC, a New York City company managed by Robert Rothenberg, has sold a 178-unit condo complex at 8431 Gardens Circle in Southern Manatee to JWC Sarasota Tpa LLC for $13.5 million.

Tradition Tarragon paid $35 million …

Click link for full article via Inside Real Estate at Herald Tribune

TS Debby Lifeguard stand pic by mark palmer via Sean Dreznin

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