Owner FAQs

Owner FAQs

How are your fees/charges estimated?

At Reed Property Management our fees are charged based on the type of service package selected. There are no hidden fees, and we are upfront with all charges no matter how minimal.

Are you insured?
Yes, we currently carry liability and errors and omissions insurance.
On the average, how long does it take to find a tenant?
Most tenants are placed in an unfurnished rental in less than 30 days.
Do you do background checks?
At Reed Property Management, we complete criminal, employment, income and credit background checks.
What happens if the tenant does not pay rent?
Rent is due on the 1st of each month. If tenants have not paid by the 5th, we immediately attempt to contact them by phone. If we are unsuccessful, we issue a 3-day notice to pay rent. There is no cost for this service to the owner and a part of the monthly fee if needed. Typically, Reed Property Management is 99% collected by the 3rd of each month.
Do you have direct deposit?
We offer online payments and services for our tenants and direct deposit of owner funds into their bank accounts.
Who handles the Homeowner’s Assocation?
At Reed Property Management, we take care of the HOA applications with the tenants and the renewals. We work as closely as they allow to ensure tenant compliance with all rules and regulations.
How often is the property inspected?
We complete a very thorough electronic move in and out inspection, as well as quarterly, semiannual, or annual inspection at the owner’s request. (There is a nominal fee for any inspection not a move in or out.)
What invoices does Reed Property Management Company pay/handle?
Typically, we handle all maintenance invoices for the owner. However, at the owner’s request we can handle taxes and insurance as well.

If you’re unable to get your question answered, please call (239) 351-2880 or reach us here.

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