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New Listing !!! 2 Bedroom 2 Bath w/ an Office

Take a look…    It’s a 2 bedroom 2 bath home with an office.  It’s located in the 55+ Community of Pennbrooke Fairways.

Completed application is required before all showings.  Click on the following link to see more photos and get the application…      2 Bedroom 2 Bath Home

As always, if you have any questions don’t hesitate to give me a call at 352-314-1544 or send me an email glenn.cowham@gmail.com .

Until Next Time…..

October 2019 Newsletter

Real Estate properties make an excellent investment and can create great ROI.  If you already own an investment Real Estate property and are interested in the idea of growing a portfolio, I’d like to share a few key tips to keep in mind for success in this Months Newsletter.

And when your ready for Professional Property Management just give me a call at 352-314-1544 or send me an email to glenn.cowham@gmail.com .

 

Until next time….

Just Rented !!!!

Just Rented !!!   Take a look at this 4 bedroom 4.5 bath Pool home.  It is located in the Red Tail Subdivision in Sorrento Fl.  It has a formal living room, formal dining room, den, office and eat in kitchen.

 

Our current rental inventory is at an all time low.  If you were ever considering renting your home at now is the time to act. 

With over 12 years of experience as a professional Property Manager, I’m proud to offer unique services to not only manage your rental, but also take the stress off of you. Through my management tools, tenant screening processes, pricing strategies, and experience with the new legal requirements, I’ll work to increase your return and safeguard your investment. 

We are the #1 leasing office in Lake County, Let me show you why.  Contact me to learn more or request a copy of our complete Property Management services brochure.  352-314-1544 or send me a email at glenn.cowham@gmail.com  …..

Until next time….

 

 

How Do I Approve a Tenant… A Property Managers Perspective

One of the most important aspects of property management is how we qualify a prospective Tenant.  What are the steps I go through and how can I ensure that I am selecting the best possible Tenant for the Owners home?

First is the application.  We require a completed application before all showings…    This is an article I wrote as to why we require a completed application before all showings…    https://www.erarents.com/2019/08/06/showing-procedures/      Once the application has been submitted and the Tenant has viewed the home, the next step is to verify all the information on the application if it’s something the Tenants would like to rent.  What we do is run a credit check, a criminal background check, verify income and employment and do what is called a Tenant Resident History check (TRH)…   The TRH is when we actually speak with former Landlords about the Tenants payment history, how the Tenant took care of the past rental, would they rent to the Tenant again and were there any issues while they lived in the property.  In some cases I will even take a quick ride by their current residence to see first hand how a prospective Tenant lives…

Now when it comes to the credit check we are not looking for a specific credit score.  What I look at is what is the Tenants past payment history on items such as their car payment, credit cards, cell phones, cable and internet service, any unpaid balance they may owe to a past Landlord, and Evictions.  Now if we see there was an eviction, it is our company policy to reject the application.  We cannot rent to a Tenant that has an eviction in their past.  But what we can work with is items such as foreclosures, bankruptcy, student loan debt and medical debt.  These items will not get the application rejected.  We look at the application as a whole and no one item outside of an eviction will get it denied.

The criminal background check, well that speaks for itself…

When it comes to verifying income and employment we ask that the applicant provide copies of their most current check stubs and we will actually speak via phone and email to the applicants employer.  We ensure that the income level that was reported on the application is correct with the employer itself.  Some of the questions we ask is how long has the applicant been employed…  Do you expect the applicant to be employed long term…   What is their current position, etc….

One of the questions I get often is how much do I need to make to qualify for the rental?  What we do is take the rental rate and multiply it by 2.5…   If that number is less than the total gross monthly income of all the adults applicants, you qualify.

Example :   If the rental rate is $1000 a month, multiply $1000 x 2.5 = $2500…  If your gross monthly income is higher than $2500 you Qualify!!!   But if you make less than $2500 a month, you will need to find a less expensive rental to qualify income wise…

Now, with that being said qualifying a Tenant is not an exact science…  I have been a Property Manager for almost 12 years and I get surprised from time to time.  We do all we can to ensure we are selecting the best possible Tenant for your home and with regularly scheduled inspections most issues can be handled before they turn into a problem.  That’s why it is so important to hire a Professional Property Manager such as myself to ensure your getting the best possible management for your investment.

As always just give me a call at 352-314-1544 or email me at glenn.cowham@gmail.com if I can answer any questions…

Until next time…

Property Manager or Leasing Agent

Let’s talk about the difference between a Property Manager and a Leasing Agent…

I get calls all the time from potential Tenants that are looking for just a rental.  They need 3 bedrooms and 2 baths with a fenced in yard, in a good neighborhood.  They are not really concerned about where the rental is,  just that it has a certain number of bedrooms and baths and is close to their job or school location.  Then they’ll say something like, “Go find me 4 or 5 of these to look at and we will get together and go walk through them”.

While I wish I could help everyone that calls me, if I do not have something listed that fits the criteria,  I will ask the customer to take a look at our web site at http://www.erarents.com to see if one of our other property managers have something listed that would fit their needs.

And this is when I think some of the confusion comes into play…   What we do as property managers is we go out into the rental market and look for Owners that have rental homes, or investments properties, that are looking for the best possible Return On Investment, ROI, and we list the home For Rent while looking to safeguard their investment.  A bi-product of this is finding the best Tenant for the home by screening, running background checks, verifying income and employment and so forth….   Property Managers are always looking for the next Owner with an investment property.  That is the bread and butter of what we do.  However Leasing Agents will look for a specific home for an individual Tenant.  They will look in their inventory first, then go outside their own inventory to find you what you’re looking for.  Then after the lease is signed, the Leasing Agent is done.

But with a Property Manager, that is when the next step of our duties to our Owners start.  We collect rent, perform inspections, schedule repairs and maintenance, handle all of the accounting and generate monthly statements, etc….   A great Property Manager will be in contact with their Owners and Tenants on a regular basis as where a Leasing Agent is basically done once the lease is signed.  Property Management is a long term process that continues well after the lease is signed and That is what we do at ERA Grizzard Real Estate.  Our Professional Property Managers work with both Owners and Tenants and look to maintain a long term relationship that is profitable for both sides, including the Property Manager.  Successful Property Management is a volume business and a great manager is always on the hunt for Quality Owners, Properties and Tenants.

I hope this helps you understand the difference between a Property Manager and a Leasing Agent.  I’ve been a Property Manager with ERA Grizzard Real Estate for over 12 years and everyday is something new.  Let me put my skills to work for you and your investment.  Give me a call today at 352-314-1544 and let me show you what I can do for you…   Thanks…

Until next time….

 

Top Tips for Building a Successful Property Management Portfolio

Real Estate properties make an excellent investment and can create great ROI. If you already own an investment Real Estate property and are interested in the idea of growing a portfolio, there are a few key tips to keep in mind for success.

Here are some of the most important things to keep in mind when purchasing or growing your number of investment properties….   http://blog.eragrizzard.com/hometalk/top-tips-to-build-a-successful-property-management-portfolio

And as always, when your ready for Professional Property Management just give me a call at 352-314-1544…

Until next time….

 

4 Bedroom 4 Bath Pool Home in Mission Inn

R3 – Owner will be managing the home. ERA Grizzard is just screening Tenants and showing the home. The home is For Sale but will be removed from the sales market once a 1 yr. lease is signed. Application is required before all showings. Lawn and pool service come with the rent. Contact Glenn Cowham, IV at 352-314-1544.

ENJOY QUIET, RELAXING SURROUNDINGS in this beautiful Tuscan-style custom home at MISSION INN. Entering through the courtyard you will be in awe as you walk through the door and see the soaring ceilings and natural light that envelopes this home. With the open floor plan you have the family room,dining room, kitchen and breakfast area that looks out to the pool. The office which has a closet could make an additional bedroom or nursery. There are four bedrooms and four baths with two bedrooms downstairs and two upstairs that share a jack and jill bathroom. The luxurious master bath features a spa tub, separate shower, double sinks with granite counters, linen cabinet and a large walk in closet with built ins. The master bedroom with crown molding has French doors that open to the pool and outdoor living space. There is a bonus room that has a refrigerator/sink that is considered one of the bedrooms as it has a closet. Prepare gourmet meals in this beautiful kitchen with plenty of counter space, island and pantry. The large utility room with granite counters, sink and cabinets will be sure to please. Entertain and relax on your covered outdoor space with a gas fireplace overlooking the pool. The home has the Old World stucco finish as well as a tile roof with crown fascia. Brick pavers cover the the courtyard walk ways, drive and pool area. Three car garage, ceiling fans, central vac, and so much more.

https://eragrizzard.appfolio.com/listings/detail/c5a85d9d-049d-4500-b90b-76db40771587

 

How to Manage Maintenance & Repairs For Your Investment Property

It’s always important stay organized and create an efficient system to maintain your property.  Here are some tips I’d like to share with you so you can stay on top of repairs and maintenance….    Please enjoy this months newsletter and when your ready for me to manage your investment just give me a call at 352-314-1544 or send me an email at glenn.cowham@gmail.com….

Until Next Time !!!!

Take a Look at THIS !!!!! 4 Bedrooms with a pool….

Are you looking for maintenance free living?  Are you looking for a home with a formal dinning room, living room, an office and a large Master Bath?  Look no further…    Located in the Red Tail Subdivision in Sorrento, this 4 bedroom 4.5 bath home is ready for you and your family.

Click here to see all that this home offers and fill out the application to set up your showing….   https://eragrizzard.appfolio.com/listings/detail/0e4ae063-a372-4ecf-b188-81c8493ebf5b

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