High Quality Marketing

We have a nationwide marketing strategy. When we enter your property into the Orlando Multiple Listing Service (MLS), over 10,000 Realtors can see your home. We also post your listing online with photos, maps and relevant property details. All of our listings are also available to Lease Locator companies in Florida. Referrals from current and past tenants and other agents we work with also provide us with a great pool of potential tenants.

Proper pricing of your rental home makes a big difference in marketing strategy. Even the best home will have a hard time renting if it’s overpriced. We do our research and price your home according to the current market. Finally, we make sure your house is ready to show. Our attention to details such as curb appeal and interior cleanliness ensures your home is rented quickly to a high quality tenant.

Advertising

We created an aggressive marketing campaign using the latest technology and online resources to attract prospective tenants. Our ads are individually designed for each property to create a professional look and highlight the special features of your property. Our web-based marketing is comprehensive and includes more than 100 websites such as: MLS, Realtor.com, Rentals.com, Homes.com, Hot Pads, Google, Rental Home Plus, My New Place, Craigslist, Rental Houses.com, and Yahoo, to name a few.

Showings

You won't find another management company that is more available to show properties. We have staff available to answer the phone and schedule showings on the weekends, holidays, and evening hours; this is when renters are looking! LOW VACANCY RATE - We can typically get most properties rented within 2 to 5 weeks on average. Our Leasing Consultants send Weekly emailed communication updates while property is vacant. 

Tenant Screening

Thorough tenant screening is critical to a landlord’s success and we do a number of things to screen tenants. In our residential verification, we talk to past landlords and ask detailed, open-ended questions about the tenant. When a private individual instead of a management company is listed as a previous or current landlord, we do a property tax search to confirm we’re talking to the person who actually owns the property. This stops people from trying to commit fraud and our extra level of scrutiny has saved our owners from some potentially bad tenant situations.

We analyze credit reports to get an accurate financial picture and evaluate a tenant’s ability to meet their obligations. Applicants must meet our established credit standards. We pull driver’s license records to check previous addresses. If an applicant says they have been living at one address for three years, but we find they renewed their driver’s license at a different address a year ago, we wonder what they’re trying to hide. Employment and income verification is also an important part of our screening process. We contact employers to verify employment and income. It’s required that a tenant earns at least three times the monthly rent in order to qualify, and we ask for pay stubs to document the income. If someone is self-employed or retired, we can verify income other ways. A thorough background check is critical in the tenant selection process. We look for bankruptcy, foreclosures, evictions, repossessions, convictions.

Finally, we conduct additional searches that reveal any criminal background or other red flags (check writing ability and social security fraud alerts and so much more) . We don’t let tenants move in with pets unless our property owners allow it. Lots of potential tenants have pets, so if you decide to allow them, we protect your property by limiting the breeds we’ll accept as well as the quantity and size of the animals. Pet owners are subject to extra screening and lease addenda.

Lease

We handle all the necessary paperwork associated with the leasing of your property and ensure compliance with applicable local, state and federal laws. Our lease is attorney drawn and is updated and reviewed by an attorney regularly. We enforce all the terms of the lease including timely rent collection and the tenant's responsibilities to maintain the property. 

Maintain Consistent Policies with Your Tenants

Keeping your relationship strictly professional and allowing your property manager to enforce your lease will help you be a more successful landlord. If rent begins to come in late or not at all, you don’t want to let your tenant get away with it. Even if you are emotionally moved by the tenant’s situation, you need to think about your property as an income producing business.

Maintenance

We have skilled, licensed and insured tradesmen and suppliers available to service your property's needs. With our purchasing power we get high quality service at reasonable rates. Our Vendors are loyal, trustworthy, and quick to respond. All receipts for services are provided with the owner’s statements. Emailed Communication updates of repairs and maintenance.

Setting High Standards

When you put your property on the market in the best condition it can possibly be, you’re going to get a lot more interest from potential renters. You’re also setting a standard for how you expect the property to be maintained during the course of a lease. If you hand over a home that has scratched flooring, broken appliances and chipped paint, your tenants will get the idea that you don’t care very much about the home. They won’t care either. 

Financials and Reporting

Detailed accounting for all income and expenses for your property is provided on a monthly basis. The timely disbursement of funds to owners is a high priority. We utilize the industry's most advanced property management and accounting program to accomplish this. This program also allows owners to access the system online and obtain property information through the online Owner Portal. Copies of all lease documents, accounting statements, work orders, receipts, and vendor invoices are stored and available for viewing in the Owner Portal at any time. At the end of the year we supply owners with annual statements categorizing all income and expenses for the property and a 1099-MISC for tax purposes. 

• Q: Answers Regarding Funds

  A: When you entered into a management agreement, LEGENDS REALTY established an account for you and your property. LEGENDS REALTY recognizes the importance of accurately collecting and disbursing funds. The bookkeeping program used by LEGENDS REALTY is specialized software designed to handle the many facets of property management and accurate record keeping, and complies with the requirements of the Florida Real Estate Commission.

• Q: Banking

  A: LEGENDS REALTY holds your account in a trust fund mandated by the state of Florida. This account does not earn interest. LEGENDS REALTY accounts for each owner’s funds separately in the trust account and does not co-mingle funds with broker monies, following the Florida Real Estate Commission requirements.

• Q: Monthly statements

  A: LEGENDS REALTY sends monthly statements to owners via online owner portal. An email will be sent monthly as a reminder. If you have difficulty reading your monthly statement, please contact your management team. We are happy to assist you and answer your questions.

• Q: Disbursement of monthly funds

  A: LEGENDS REALTY disburses available funds to owners on the 10th of each month UNLESS either day falls on a Saturday, Sunday or Holiday, in which case disbursements are processed on the following Tuesday. A calendar of scheduled payout process dates is available on our website www.centralflrentals.com. LEGENDS REALTY does not disburse funds on weekends and holidays. LEGENDS REALTY does NOT issue owner checks unless there are sufficient funds in the owner’s account. It is vital to accurately post rents, pay vendors, and disburse funds for your account. Therefore, it is vital that LEGENDS REALTY adhere to this schedule to ensure servicing every owner’s account.
  LEGENDS REALTY distributes owner funds in two ways:

  • Company check disbursed directly to the owner accompanying their monthly statement.
  • ACH direct deposit – directly disbursed into an owner’s bank account; LEGENDS REALTY mails monthly statements after disbursement. A form to start ACH is included with this information.

• Q:  End of year procedures

  A: At the end of each year, LEGENDS REALTY is required to file 1099’s for income received over $600. Please note that this amount is for “total income received,” and not the yearly total of owner disbursements. The Internal Revenue Service dictates the “total income received” requirement. Please note that security deposits are not included in this amount.
  It is necessary that you supply LEGENDS REALTY with the necessary Social Security/Tax ID information so the 1099 is accurate. LEGENDS REALTY will send the 1099 for the rent by January 31 for the previous tax year. If there is a change in your tax information such as a new trust or address, please notify us with the Owner Change of Information form. If you need another change form, please contact us.
  LEGENDS REALTY also issues 1099s for disbursements to vendors for work over $600.00. Therefore, owners do not have to issue 1099s for work completed and paid through the LEGENDS REALTY trust account. Owners are responsible for issuing 1099s to any vendor paid through the owner’s personal account.
  The last statement of the year will reflect “total amounts” for income and expenses that have transpired throughout the year, such as management fees, leasing fees, landscape, utilities, repairs and maintenance, etc. The amounts will not reflect any funds issued through the owners personal account. Owners can submit their last statement to their tax person along with other information for income tax reporting. LEGENDS REALTY does not issue statements to the owner’s tax preparers. Please note a copy of the owners 1099 and cash flow report will be available in the owners online portal.