Frequently Asked Questions
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Are you a licensed property manager/real estate brokerage?
Yes. I’m a licensed real estate broker in Florida and the owner of PMI North Lake Homes, a fully licensed brokerage and property management company. -
Do you have references?
Absolutely. I can provide references from both property owners and residents we’ve worked with. Just let me know the format you prefer. -
How long have you been in business?
I’ve worked in real estate for over 10 years. PMI North Lake Homes is a new venture backed by the national PMI brand combined with my local expertise. -
Do you have electronic and automated systems set up?
Yes. Owners and residents have access to secure online portals for rent collection, maintenance tracking, financial reports, documents, and communication. -
How often do you check in with residents and inspect properties? Do you do annual walk-throughs?
Yes. We conduct annual property evaluations, plus inspections at move-in, move-out, and during lease renewals. -
Who holds the security deposits?
All deposits are held in a Florida-compliant escrow account managed by our brokerage. -
What do you charge for evictions?
We offer an optional Eviction Guarantee for $25/month, covering up to $2,000 in legal fees. -
Will you advertise and show a property while it is occupied?
Yes, if the resident cooperates and the property is in good condition. This helps minimize vacancy time. -
How long does an eviction take?
In Florida, an uncontested eviction usually takes 4–6 weeks, depending on the court. -
How long does it take to turn a property between residents?
Typically 3–5 days. If the unit is clean and in good condition, we can turn it in 24–48 hours. -
Do you conduct credit and background checks?
Yes. We screen applicants for credit, criminal history, eviction history, and verify income and employment. -
What is your philosophy on renting properties?
We focus on balancing competitive rents with tenant stability. Sometimes pricing slightly below market results in longer tenancy and fewer turnovers. -
Do you take photos at move-in and move-out?
Absolutely. We document everything thoroughly to protect your investment. -
Do you take photos of repairs?
Yes. We request before-and-after photos for repairs and upload them to the owner portal for transparency. -
Do you offer a resident placement guarantee?
Yes. If a resident we place breaks their lease or is evicted within the first 6 months, we’ll find a replacement tenant at no additional cost. -
How do you handle resident maintenance?
Residents submit maintenance requests through their portal 24/7. For emergencies, we have an emergency line. Small repairs are handled by trusted vendors, while larger repairs always require owner approval first. -
Do you establish a repair threshold for owner approval?
Yes. Our default threshold is $300. Anything above that requires your approval unless it’s an emergency. -
Who do you use for repairs?
We work with licensed, insured, and vetted local vendors—plumbers, electricians, appliance techs, and handymen—prioritizing quality and reliability. -
What is your philosophy on repairs?
We focus on long-term value, not just quick fixes, to protect your investment. -
How does your company handle maintenance costs?
All vendor invoices are passed through at cost, and every detail is included in your monthly statements. -
How quickly do you respond to owner calls, texts, and emails?
Same day, usually within a few hours. We know communication is key. -
Do you provide evaluations during due diligence when purchasing a property?
Yes. We offer pre-purchase evaluations and provide a detailed list of what’s needed to make the property rent-ready. -
How do you increase rent if it’s below market?
We recommend gradual increases at lease renewals and adjust pricing at turnovers using current market data. -
What types of properties do you specialize in?
We focus on single-family homes, townhomes, and condos in South Florida. -
How much notice do you provide residents before a property evaluation?
We provide at least 24 hours’ written notice. Evaluations typically take 30–45 minutes depending on size. -
When do management fees begin?
We only begin charging management fees once a tenant is placed and paying rent. -
Can you assist with utility setup?
Yes, we can coordinate utility setup as part of our onboarding. -
Do you provide property condition reports for occupied properties?
Yes. We conduct evaluations even during tenancy, with full reports and photos. -
How often do you suggest property evaluations?
At least once per year, though some owners request them more frequently. -
Who decides rental pricing?
We recommend a price based on detailed market analysis, but the final decision is always yours. -
Is applicant screening included in the placement fee?
Yes. All screening costs are included—no surprise charges. -
Am I charged for paid advertising sites?
No. All advertising, including premium syndication, is included in the placement fee. -
How do you handle a property purchase with an existing resident?
We coordinate with the seller and current management to transfer leases, deposits, payment history, and documents. -
How many evictions do you have per year?
Very few. Careful screening keeps our eviction rate low. -
What owner reserves do you require?
Typically $300–$500 per property to cover minor maintenance or emergencies. -
How long do residents usually stay?
On average 2–3 years, thanks to strong screening and responsive management. -
How do you screen prospective residents?
We verify credit, criminal history, eviction history, income (2.5x rent), and check landlord references. -
How do you handle maintenance requests from owners?
We respond quickly, gather details, and coordinate with vendors—keeping you informed at every step. -
What happens if a resident doesn’t pay rent?
We follow Florida’s legal process: notices, communication, then a 3-day notice if unresolved, and file for eviction if necessary. -
What’s included in the placement fee?
Marketing, showings, screenings, lease prep, move-in inspection, and tenant onboarding. -
What does the property setup fee cover?
Initial onboarding, inspection, photos, lease file setup, portal activation, and utility coordination if needed. -
What’s your late fee policy?
10% of monthly rent after a 5-day grace period. -
When do you pay owners?
Between the 8th–10th of each month, once funds clear. -
How are rental payments sent?
Via direct deposit. You’ll also receive monthly statements through the portal. -
Do residents need renters insurance?
Yes. We require proof of renters insurance with liability coverage before move-in. -
Are residents charged for all damages at move-out?
Yes. Anything beyond normal wear and tear is documented and charged. -
Do you have an owner portal?
Yes. Owners have 24/7 access to real-time financials, documents, ledgers, and maintenance updates. -
Do you recommend month-to-month or fixed-term leases?
We recommend fixed-term leases for stability and reduced vacancy risk. -
Is there a cost to onboard a property with an existing resident?
Yes. We charge an onboarding fee to set up the property, gather documentation, and conduct an initial inspection. -
How much is the lease renewal fee?
We charge a flat $195, which includes inspection, paperwork, and lease updates. -
What’s your average turnover time for rehab projects?
For basic projects (cleaning, paint, small repairs), 3–5 days. -
What are your average days on market?
Most properties rent within 30 days depending on condition, location, and price. -
What’s your vacancy rate?
Under 5%. We minimize vacancies through strong marketing, pricing, and retention. -
Do you treat owners like a number or like valued clients?
Like valued clients, always. We know your name, your property, and your goals. We treat your investment like our own.

