Property Management Services

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Property Management Services

We provides a comprehensive evaluation

 

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Palms Asset Management Services is a full service property management company located in Palm Beach, Florida. At Palms Asset our focus is on the management of single family homes, investor owned condominium units and townhouses throughout the region.

This evaluation analyzes the condition, rental BPO (Broker Price Opinion), occupancy and cash flow of the property. We will include suggestions for improvement where necessary, and highlight areas where our services will be of most benefit..

We process rents on the 10th day of every month.

Every client receives monthly statements that detail rent collection, bill payment, maintenance costs, capital improvements and all other income and expenses. These statements are mailed or emailed to each client and their net income for the month is mailed out on the 11th.

 

Tenant placement/ screening

Lease Preparation

Repairs

Rent Collection

Rent Processing

Bill Pay & Utility Reimbursements

Eviction Filings

* Tenant Damage Policy Included

Our list of qualifications includes:

Independent Investor owned properties are more in demand from tenants due to the privacy that these properties afford. These properties tend to have a higher rental rate than their apartment counterparts. However, the cost of the property is higher per door than a similar situated apartment rental property’s.

Therefore, these investments require a solid team that can provide full service management that includes systems for:

 

  1. Marketing Vacancies
  2. Screening Applicants
  3. Preparing Leases
  4. Collecting Rent
  5. Coordinating with vendors
  6. Evicting Tenants if needed
  7. Providing Financial Reports that include Income and expenses

 

Our founder is a member of the National Association of Residential Property Managers (NARPM), which is a national association dedicated to property managers and property management companies who provide services for condominium home owners.

 Since many of our property management clients are out of state owners, our property management firm has written and developed several procedures to help us insure that owners are appropriately informed. These procedures include:

  1. Ledger that tracks owner’s contribution and payments
  2. Balance Sheets
  3. Tenant Rent Roll
  4. During vacancies, we send showing reports from realtors along with any feedback they have
  5. Email notification of money being sent to the owners
  6. Digital approval from owners for repairs of an emergency nature, estimates of repairs that are higher than the delegated authority to spend, or maintenance of a contractual nature