All Forum Posts by: Caio Gansauskas Pavanelli

Quote from @Account Closed:

Quote from @Caio Gansauskas Pavanelli:

Hi Darren. Welcome to property management.

To manage long term rentals you need to be a licensed real estate agent in Florida. You don't need to be a broker, but you need to attach your license to a broker and work under his name to manage long term rentals. 

When it come to short term rentals (like AirBNBs and vacation rentals), you don't need to be a licensed real estate agent, although I highly recommend you to be. That way you are familiar with real estate laws and you will feel more comfortable to deal with everything related to the daily job. 

I am a short term property manager here in Clearwater. If you want to discuss more, feel free to reach out.

Thank you for the helpful post!

When it comes to attaching my license to a broker, is it common for this to be a revenue shared agreement? Or do you have to become an employee? I would love to do this but I don't want to quit my job. 

Each broker has a different way to work. Best thing to do is research for brokers in your area that are interested. Some charge flat fee, some charge minimum monthly + comission...prepare a business plan and idea of what you are offering and present it to some brokers.

Hi Darren. Welcome to property management.

To manage long term rentals you need to be a licensed real estate agent in Florida. You don't need to be a broker, but you need to attach your license to a broker and work under his name to manage long term rentals. 

When it come to short term rentals (like AirBNBs and vacation rentals), you don't need to be a licensed real estate agent, although I highly recommend you to be. That way you are familiar with real estate laws and you will feel more comfortable to deal with everything related to the daily job. 

I am a short term property manager here in Clearwater. If you want to discuss more, feel free to reach out.

We did this to our client recently. We used all the resources that we could, pretty much as you said: thrift, amazon, walmart, costco, overstock, Ashley, wayfair etc. 

For a lower budget, more research you will have to do to find everything that fits your cost. My advice is that you create a list per room with everything that you will need in each. With that you start to make your research and adapt your budget situation.

Our client gave us a strict budget and with a lot of research we managed to furnish a beautiful vacation rental.

Hi Caleb,

As a property manager, I would recommend you to check price x service. Try to understand exactly what is included in the management. Sometimes people ask me the price I charge but they do not understand everything that is involved in my price.

For example, I offer a full service vacation rental property management. When I say full service, I mean it. I deal with everything for the owner - the only job that the owner has is to check the monthly statement and receive his part.

The majority of my owners leave in other state and some of them bought an empty house. As a vacation rental, I helped them with furniture, installation, setup, staging and everything else to get the property ready for rental. And after that, I take care of bookings, guests, housekeeping, marketing etc.

So the best advice I can give you is to understand everything that the PM wants to charge X everything that he is offering and if that fits to your needs.

Quote from @Tiamo Wright:

Hi there,

I am on the product team and I would love to learn more about the property management side of the house both as an investor and as a way in which BiggerPockets can support your goals. Looking for five property managers that would be willing to spend 30 minutes chatting. Feel free to comment here or send me a message. Thanks in advance and look forward to connecting!

Hi Tiamo,

I am a vacation rental property manager here in Pinellas County, FL. I am available to chat with you. 

Regards,

Caio Pavanelli

Quote from @Casey Ferry:

Hello! Currently getting pre-approved in the Tampa area and am looking for a investor friendly property manager. Thanks in advance. 

Hi Casey. I am a property manager here in the area. We offer vacation and short term management for home investors. Please, send me a PM and I will be glad to help you.
Thanks!
Caio 

Hi Ashley,

Give a call to Fran from Shine Cleaning. They offer a great service.

Their phone number is 407.576.6728.

Regards,

Caio Pavanelli

Hi there. As @Nathan Gesner told, it depends.

Depends of your time to do that, the tools you have available, the contractors/vendors you can rely on if any problem happens. Because guests wait a long time for they vacation. If any problem comes up, they want it solved asap.

I did that by myself once and I was abroad - what I can tell you is that I really struggled, because when everything is fine it is great. You "saved" that comission that you would spend with your property manager. But when things go wrong, you try to contact people to fix an AC or there is a plumbing problem - sometimes you hire the first one who answered, which will charge you more and all that money "saved" goes away.

If you have the time to deal with those problems, have great marketing tools to increase your occupancy and have great vendors/contractors - it will probably work. Otherwise, you should look for a PM to help you.

But other piece of advice - some PMs are terrible and they can make you lose more money. So try to do a nice research on those, read the PM agreement well and you will be fine!

Hope I could help!

Quote from @Steven Barr:

Hi -

I am new to RE investing and personally only have 1 SFR. I have a game plan that should allow me to acquire about 25 over the next 18 months though (just bought our 2nd last week and it is under rehab)

I hired property management for the first property. It has been about 4 weeks and has yet to be rented out. I am also having trouble communicating with my property manager. She does not pick the phone up when I call and takes an entire day to respond to a text

Is this normal? Is this to be expected because I only have 1 property? Or do I have poor property management?

Thanks BP!

Hi Steven.

Not sure if it's normal, depends on the area and what is your PM strategy is. Where are you located?

Quote from @Jasmeial Jackson:

@Caio Gansauskas PavanelliI am looking for both PM recommendations and PMs that I should stay away from.

Hi Jasmeial,

Not sure which ones you should be away from, but I would like to recommend PMI Atlanta Metro. They work in all property management pillars, so they will probably be a good fit for your needs.

Hope I could help.

Regards.