FEMA_-_37590_-_Community_Flooding_in_Florida

 

Where there’s Spring, there’s rain. And of course, where there’s rain, there are plenty of good things—pretty flowers, cute animals sipping from puddles, abundant life in nature. So goes the old saying, April showers bring May flowers. But there’s something else that April showers can bring, and it ain’t so pretty. As can be expected, damage to property caused by rain spikes in the spring months when it starts to pour. Being prepared for the onslaught of rain is important to ensure the integrity of your property. So, here are some tips to follow as spring time rolls around…

  • When the rainy months start to pick up, make sure the gutters around your property are in tact and unblocked. In the event of a clogged gutter, water can spill over and collect on the roof or it can even cause enough damage to penetrate into the building. No one wants a leaky roof.
  • Follow the water. If you see puddles collecting in your yard, assess why it might be happening. If the ground is compromised, consider resaturating it with soil to prevent water buildup. If your property sits at the bottom of a hill, or is vulnerable to more flooding, try to set up a drain or small pipe that can lead water away from the lower points of the property.
  • If you see water coming in from the ceiling, do like they do in the movies: place a bucket underneath. Never try to fix a leaky roof while it’s still raining! And for extra safety, it’s always best to call a professional to come deal with any problem that can end in extra bodily harm for the inexperienced.

B4984

 

Did you know that the laws on security deposits vary state to state? Did you also happen to know, there are no laws in the state of Florida that limit the amount of money a property manager can charge for a security deposit? Most people don’t get excited about studying or reading up on property law. But it’s important to know these things as a lessee, as you never know when you might have a dispute over a security deposit you’ve paid, or any other issue.

 

While there’s no law that states how much a property manager can charge for a security deposit, there are laws that dictate how soon a property manager must return a security deposit after a lessee moves out. According to Nolo, a property manager or landlord has 15 to 60 days after a tenant moves to send back the security deposit placed at the beginning of the lease.

 

It’s also worth noting that a property manager or landlord must alert a former tenant if they are not returning a security deposit or any portion of it. The 15 to 60 days is meant as a cushion of time for the lessee to potentially dispute the terms of return on a security deposit. Of course, when it comes time to move out of a rental property, one should always try to leave the place in a better condition than at the start of the lease. Safer to ensure that your property manager or landlord has no reason to deduct any amount from the security deposit you’ve paid.

document-428334_960_720

 

It’s finally spring time! The birds are chirping, the sun is out, and if you’re looking for a new rental property starting in the warmer seasons, now’s the time to make sure you’re rental ready. Whether you’re looking for a new living space, work space, flex space, or warehouse space, there are a few key things to keep in mind as you hone in on the property that’s perfect for you.

 

First thing’s first, if you’re planning to sign a lease in the near future, make sure your papers are in order. Collect and have at the ready your proof of residence, bank statements/pay stubs, any lists of references that you might be asked for, and a summary of your rental history. It’s best to be prepared for whatever a property manager or landlord might ask you to provide. And being prepared ahead of time means you’ll secure that lease sooner.

 

Outline the different costs that you’ll face in the beginning of your lease and as time goes on. Assess any fees, such as moving-in fees, security deposits, upfront rent, and application fees, to get an estimate of the upfront costs of signing a new lease. Also evaluate any ongoing costs, such as monthly management fees and utilities. Because you’re likely looking at a few different rental properties, it’s best to ask the standards each property manager works with. Keep a spreadsheet to track the different fees that each potential property requires.

 

Plan a moving or furnishing process in advance to save time and potentially money. By choosing or scheduling a moving service ahead of time, you remove the burden of finding a last minute solution to any problems or concerns that arise when it’s move-in day at the new rental.

001062210 Okahoma continues to recover

Whether done by wind or snow or rain or heat, damage to the roof of your rental building can be disastrous. No one wants to live or work in a space filled with buckets set up to catch intruding rain drops. So how should you go about fixing a roofing problem? You probably wouldn’t believe the number of people who get injured or even die by climbing up onto their roofs to fix blown-off shingles or holes themselves. While some people would like to believe they can do it all themselves, fixing a roof is something that should be done with the utmost care and safety by someone who knows what they’re doing. Always leave it to the professionals.

 

If you think you might have damage to your roof after a big storm or gust of wind, contact your landlord or property manager immediately. The owner of your building should be the one to determine the proper response to any damage. If you can’t see the damage from inside the home or by looking from the ground, it’s best to avoid climbing to the roof yourself. If a problem has developed, the roof’s stability might be compromised—don’t make the damage worse or hurt yourself by falling straight through!

 

Your landlord or property manager will send a professional who can assess the damage and determine what can be done. Most of the time, if the damage is affecting conditions inside the building, a temporary solution can be found before a more permanent fix is performed by a professional. The quicker you report any potential damage, the quicker it can be fixed and fixed by an expert—just because you’re closeby and willing to try doesn’t mean your fix will be quick.

 

sundown-1866660_1920

Look, it’s a little difficult to actively care for the environment when you’re a property manager. As a person tied to a business you’re looking for cost-cutting measures and quick fixes rather than eco-friendly options. But listen—while it seems like deciding between light bulbs at the hardware store is a no-brainer (going for the cheaper, yet energy inefficient one?), those immediate lower costs can lead to higher costs in the long run. Who doesn’t want to save money on their monthly heat, electricity, and water bills? As it turns out, you can do just that all while making your properties more eco and energy friendly.

When most people think of making a place more eco-friendly they imagine a stark makeover: new air conditioning units, new lightbulbs, expensive sinks, and newfangled technologies. And by all means if you have the resources to provide those amenities all at once then go for it! But it doesn’t have to be so immediate. Start slow—stock up on energy efficient light bulbs for replacements. The next time plumbing needs repaired, think to buy the more efficient system. Rising heat costs in the winter, cooling costs in the summer? Invest in draft blockers for the bottoms of doors and windows. Small changes like this can reduce the amount of money you spend on utilities while also lessening your impact on the environment. Then, who knows? After you save enough money, start dishing out on fancier options like solar panels—that is, if you’re lucky enough to live in a place that gets enough sunshine (like good old South Florida).

 

Hurricane_Joaquin_GOES-13_Oct_1_2015_1900z

In the midst of hurricane season, it’s important to know the actions that should be taken as a property manager in South Florida. We all know that this is when those hefty monthly insurance payments can come in handy, but minimizing the risk from hurricanes and dealing with any problems after they strike is a more proactive response than counting on insurance. For our post about protecting your property in the event of a storm, click here. You’ll find tips and tricks for securing vital damage points like windows and roofs. The post you’re reading now will cover what to do in the aftermath of the storm—when it’s time to tell whether or not protection has been enough.

After the storm has passed and business begins to pick back up, it’s important, especially if you are the owner of many properties, to quickly and personally assess the damage that has been done. Tenants can be helpful for assessing damage, but it is best to collect your own records and photographs of conditions in the aftermath of a storm. List repairs that will be necessary, including repairs to the insides of properties—issues such as pipe leakage and problems related to sewage are harder to notice but important to fix quickly. Rank the importance of the problems and prioritize those that need to be assessed first. If you manage living space, make sure those spaces are made livable ASAP over minor concerns—especially if tenants are relying on your management to stay safe in their rented homes/apartments.

It is perhaps most important to keep in contact with tenants in the aftermath of the storm. They will be able to track the arrival of manual labor professionals sent to fix problems and can bring to light any smaller concerns you may have missed during damage assessment.

 

Stock_Market_Changes

http://www.propertymanager.com/category/property-management-infographics/

 

We at Genet Property Group read a lot about the current trends in real estate and property management, all in the hopes that our efforts will benefit our clients and our business. However, reading about property management isn’t always… how can we put this? A totally pleasurable experience. Don’t get us wrong, this business is our passion, but there’s a difference between reading about interest rates and reading Harry Potter (as I’m sure any other property managers who are reading this know full well). Because of this, we try to find any resource that injects a little pizazz into property management info. Not only does this smooth along the process of learning, it makes the information a lot more memorable too.

Looking for recommendations? We’ve got them! Plenty of resources provide infographics and videos for learning more about property management. For infographics, PropertyManager.com is perhaps the best place to look. The writers at PropertyManager have a section of their website dedicated to infographics that outline common mistakes on property management websites, home buying trends in the United States, and many other topics. Click here to check it out. For videos, RENT Like a Pro on Youtube has great how-to videos and information about managing rental properties. You can check their channel out here. Their video, “Real Estate Property Management 101: 8 important facts,” gives tips from how to rent your house to just general information for anyone looking to get into property management and rental management. If it’s ever too difficult to pick up a book, look for these great resources that make learning much easier.

The original announcement can be found here. It has been reproduced below, in full:

 

Genet Property Group Selected Cushman & Wakefield’s South Florida Commercial Team to Market the ±366,000-Square-Foot South Miami Small Bay Industrial Portfolio

Cushman & Wakefield announced today that it has been named exclusive listing agent for the South Miami (SoMi) Industrial Portfolio, a collection of 11 industrial buildings totaling 366,415 square feet and one development-ready pad in Miami-Dade County.

Director Miguel Alcivar, Managing Director Dominic Montazemi, Executive Director Scott O’Donnell and Senior Director Jason Hochman, in conjunction with Executive Managing Director Mike Davis and Executive Director Wayne Ramoski, were selected by Tamarac, FL-based Genet Property Group to market the assets. The portfolio will go to market unpriced.

SoMi Industrial Portfolio comprises 11 buildings distributed throughout four industrial parks in Miami-Dade County — South Dade Industrial Center, Maksanim, Mak Too and Mak 3. The portfolio, comprising primarily small-bay facilities, is 97 percent leased and clustered around a strategic industrial node serving Southern Miami-Dade County near the crossroads of Florida’s Turnpike and South Dixie Highway (US 1).

South Dade Industrial Center

South Dade Industrial Center is 3.36-acre facility located at 23701 SW 132nd Avenue. The property is currently home to a single 33,495-square-foot building developed in 2011. South Dade Industrial Center also features a 30,972-square-foot development-ready pad that would accommodate an additional building. The existing building is 96 percent leased.

Maksanim

The Maksanim properties comprise six buildings on four sites that collectively total 8.9-acres — 10510 SW 185th Terrace10918 SW 188th Street (two buildings), 10700 SW 188th Street10715 SW 190th Street and 10755 SW 190th Street. These buildings, totaling 218,258 square feet, were developed between 1972 and 1984 and are currently 96 percent leased.

Mak Too

Mak Too is a 3.2-acre site featuring two buildings developed in 2002 at 19100 SW 106th Avenue. This 57,336-square-foot campus is currently 100 percent occupied.

Mak 3

Mak 3 is a 3.34-acre campus located at 19200 SW 106th Avenue. This site houses two buildings, both built in 2004, totaling 56,876 square feet. Mak 3 is currently 98 percent leased.

The portfolio enjoys superior access to Florida’s Turnpike, with 10 of the 11 buildings within one mile of Quail Roost Drive. The entire portfolio is situated along the South Dixie Highway corridor (US 1) giving tenants superior connectivity throughout the region.

The portfolio’s tenants enjoy the wealth of amenities and drivers in the immediate vicinity including the 983,846-square-foot Southland Mall, Home Depot, numerous commercial businesses located along the thriving South Dixie Highway commercial corridor and a myriad housing options.

“The small-bay product format caters to the smaller entrepreneurial businesses that dominate the South Florida economy, where nearly one out of every 10 adults owns a business and small businesses are estimated to comprise roughly 90 percent of the economy,” said Alcivar.

“With more than 200 tenants, the portfolio’s critical mass of product offers true economies of scale and the flexibility to accommodate a wide variety of tenant sizes, industries and needs ranging from ‘quasi-retail’ and services to light manufacturing and self-storage,” added Alcivar.

“The South Miami Industrial Portfolio represents a unique opportunity to aggregate a critical mass of industrial assets in a gateway market with high barriers to entry,” said Montazemi.”

The South Florida Commercial Team of O’Donnell, Montazemi, Alcivar, Miller and debt financing partner Hochman closed more than $524 million in sales and financing in 2016. Please visit www.southfloridacommercialteam.com for more information about the team.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

sfl

This day and age, with the world so closely connected by the internet and high-speed transportation, it’s feasible for anyone to start a business anywhere. That’s why a physical location is more important than it has ever been, and the options you have for leasing property for whatever your needs may be are also greater than ever before. If you have the option of opening a storefront or a warehouse space in rural Ohio or sunny Southern Florida, which do you think is the better choice? Well, nothing against Ohio, but South Florida would be our pick.

 

When you lease a property there are plenty of factors to consider about the location. What’s the weather like? If you’re looking for customers to take the time to come to your property, is it in an ideal spot? How close is it to landmarks, residential areas, other commercial spaces? And in a more general sense, where do you want your workspace to be for what is likely a considerable amount of time? For us at Genet Property Group, South Florida is the location to be—here are a few reasons why.

1. What other than the gorgeous weather could come first on this list? We’ve barely ever gone below 40 degrees. (This also makes holiday shopping all the more possible and enjoyable with no cold and no snow).

2. South Florida is one of the largest tourist destinations in the United States, so if you’re thinking of renting commercial space it’s an ideal location for storefronts.

3. The South Florida landscape and location is vast and beautiful, with the Everglades right by. Every day could be described as pretty.

4. South Florida is host to diverse cultures that make many different business ventures possible.

5. We may be a little biased about this one, but Genet Property Group has over 1.5 million square feet of rental space in South Florida—just waiting for you to stop by.

 

At Genet Property Group, we hope our lessees feel comfortable and capable of talking with us and requesting any necessary services they feel should be available. Having a good lessee/lessor relationship is important when renting a property, and we believe in maintaining cooperative and helpful contact with all of our lessees. With that in mind, we know it is sometimes difficult to cultivate a strong, friendly relationship between lessee and lessor—the dynamic between peoples who exchange and provide services is sometimes awkward or unfamiliar, and definitely different than regular social relationships or friendships. But despite the difficulty, cultivating that strong relationship is important for achieving both parties’ desires and happiness in renting and leasing.

hand-101003_640

By following certain codes of conduct, the lessee/lessor relationship can easily be a more communicative and supportive one. Behaving professionally and with respect is key, always showing that you understand and are listening to the concerns of your lessee or lessor. An open contact channel should be developed in the beginning of the lease, and any questions about the property and procedures should be asked and answers made available. If conflicts or confusions arise, it’s important to remember that both parties desire similar things: the responsible and productive use of the property. By supporting one another and valuing the quality of the property, both parties can be benefited.

With over 20 years of experience assisting clients find their ideal space, Genet Property Group is willing and able to cultivate strong and supportive lessee/lessor relationships, providing the right resources for your business and property needs. Contact one of our property specialists today to find your spot in our over 1.5 million square feet of space available in South Florida.