Everything Property Owners Need to Know
Am I required to make property available to Section 8?
No, you are not required to offer your property as a Section 8 rental.
Are you licensed?
Yes, Cool Realty LLC is a full service real estate brokerage in the state of Florida. David Cool is managing broker licensed real estate broker in Florida.
Can I reach you after hours?
There is after hour contact for emergencies.
Can you put the money directly into my account?
Yes, we offer electronic deposit to owners.
Do I get to see the lease or sign it?
Our property manager typically sings the lease for the owners. The copy of the lease is in the owner’s portal to review. We can send you a copy prior to execution to review.
Do you sell real estate too?
Yes, Cool Realty LLC has a sale division that list to sellers and assist buyers to purchase.
How and when do I get my checks?
Funds are distributed from our office no later than the 10th of the month.
How long of a lease do you sign?
7 months, 12 months, 2 years, or 3 years. It is what the tenant and owner wants us to negotiate between the parties.
How much security deposit do you charge the tenant?
We typically charge 1 month rent for security deposit.
How soon can you start managing my property?
As soon as a property management agreement is signed between you and Cool Realty LLC.
What type of properties do you manage?
Single family residence, town homes, condos, modular homes, associations, for individual owners, investors, financial institutions, and hedge funds.
What type of reports do I get and how often?
You get monthly financial statements, maintenance reports, inspection reports, 1099 for tax return, and end of the year report.
Who holds the tenants security deposit?
Most cases Cool Realty LLC in a Florida based bank trust account. However, there are owners who keep security deposits as long as they follow ch. 83 requirements for handling security deposits.