Monthly Statements & Year-End Reporting
If there’s one thing we pride ourselves on, it’s excellent communication. Our industry is unfortunately known for poor reporting systems and we guarantee that is not the case with our company. Owners will always receive their monthly statements on time, and their annual statements within the first week of January.
What are our standards for statements and yearly reporting?
- Our systems are set up to ensure owners receive their monthly statement and their rental funds, without fail, between the 10th and 12th of every month.
- Unlike many companies, we even have a secondary direct deposit between the 20th and 22nd to allow for payment of any additional funds remitted after the 12th.
- All monthly statements are stored in the Owner Portal and available for review and download at any time.
- IRS-required 1099 statements and the corresponding cash flow statements are processed and posted to the Owner Portal the first week of January – sometimes as early as January 3rd!
Financial Control & Protections
The financial and legal safety, security and peace of mind that proper accounting and financial controls provide to both the owner and tenant are foundational to the successful management and operation of any property management company. These controls, along with the proper type and quantity of insurance, form the basis of sound management and offer all involved the surety that each parties interests are protected and all possible steps taken to mitigate any issues.
How do we protect you?
- Treasury management and Positive Pay through CashPro with Bank of America – our unique system guarantees that every penny is accounted for and not a single one leaves our account with pre-authorization.
- General Liability and Errors & Omissions insurance coverage
- Bi-directional reconciliations between our escrow accounts and our management software, so all transactions are transparent.
inquire about our services
what we do As your Orlando Property Manager
Pricing your home correctly is one of the most important parts of the management process. Our team reviews the most recent rental rates to determine the optimal price.
Advertising & Marketing
After the home is priced correctly, we’ll analyze the interior and make recommendations for possible repairs or upgrades, then take marketing photos and record a video tour.
Qualifying applicants for your home is crucial – with an extensive screening process, we’re more likely to filter out those that aren’t qualified or those that may be poor residents.
Move-In & Move-Out Inspections
We conduct very detailed and thorough inspections prior to handing over the keys – this helps to ensure we have full records of the condition of the property.
Preparation & Execution of Leases
Our original lease agreement is drafted by an attorney, and checked periodically to ensure it is compliant with all Florida Landlord-Tenant Law policies and any recent policy changes.
Collection & Processing of Monthly Rent
Our system is set up to make paying rent as easy as possible for our residents – the harder the system is to navigate, the more likely you are to get late rent payments!
Full-Service Maintenance Coordination
Residents can submit maintenance requests online at any time, which are automatically populated into our management software and flagged for review.
“I have dealt with several rental companies in the past and by far Innovative Realty is the best. They have a professional staff that handles any needs you have in a timely efficient manner. They are great to deal with they have been more than accommodating to me during my health issues. I just can’t say enough nice things about them. If you’re looking for a rental property company, you should call Innovative Realty!”
“The staff at Innovative is responsive, courteous and extremely professional. I appreciate both Kati and Jess for always reaching back out to me when there is an issue out of our control. They work very hard at resolving the issue while continuing to keep me informed. Hats off to you ladies. Thank you again! Looking forward to another lease renewal!”
“Fully dedicated and professional service.”
“I have been with Innovative Realty for around 7 years although I have owned a number of properties in Orlando for around 10 years. In that time I have had a number of property managers. If I had found Innovative Realty at the beginning I would have saved myself a whole load of time, worry & money.
As an owner who does not live in Florida, trust is very important & in this I have complete confidence in Innovative Realty. Communication is also important & whether it be by e mail or telephone, there is always someone there to provide answers & give solid practical advice. Nothing is too much trouble & all done with an extremely professional yet friendly manner. Their systems are set up to make the owners life as easy as possible. Their advertising & background checks are also very efficient, giving me the confidence that my properties are only let to suitable applicants. Something that other property managers sometimes skip on. Their set up for Residents also ensures fast efficient service leading to happy renters. If you are looking for a property manager in Orlando, then these are your "go to guys", no ifs & no buts & I have no qualms in thoroughly recommending them.”