What Plan is Right for You?
The Advantages of
Professional Management
Not only is property management affordable, TNG Property Management will actually improve your property's overall profitability. From our legal expertise to our extensive contractor network – we have all the bases covered to get your property rented quickly and consistently. When you weigh the countless hours per month you’d likely spend managing the property yourself, finding and screening tenants, handling emergency maintenance, keeping the books and preparing year-end taxes, not to mention dealing with the ever-changing Fair Housing and legal compliance issues, the tradeoff becomes pretty clear.
TNG Property Management is a preferred property management company serving Sarasota and Manatee counties. As a Full-Service property management team and members of NARPM (National Association of Property Managers), TNG Property Management caters to both property investor organizations and private homeowners who choose to maximize their income potential through real estate.
We professionally market your rental properties
We are highly skilled at rental marketing, including writing rental ads, taking high-quality photos, and hosting open houses. We also have in-depth local real estate knowledge and will be able to help you set a competitive rent price. Our marketing experience will help fill your property sooner and reduce the time it sits vacant. Vacancy ultimately means that you have to make monthly payments out of your pocket. If you have an emergency fund, you will be able to survive vacancies with little trouble. If you don't have one, you may find yourself scrambling to pay the rent to the harshest landlord of all – the bank.
We find the BEST tenants for your investment
One of the biggest benefits of our property management services is that we handle the tenant screening. As experienced property managers, we've see hundreds (if not thousands) of applicants, our trained eyes will eliminate applicants with potential red flags. When reviewing an applicant’s paperwork, we are quickly able to spot good tenant qualities. Entrusting TNG Property Management to manage the tenant screening process will greatly improve your chances of landing a reliable renter. Better screening = Better Tenants!
We are the point of contact for all tenant concerns
If something breaks at your property, it’s not always convenient or possible to drive over to the unit to inspect it yourself (especially if you are an out-of-town/state owner like so many of our local landlords). We will address problems timely and arrange for a service provider to repair or replace the item efficiently. Or, if you have a tenant who always seems to have a complaint, you can rest easy knowing that we are the point of contact for those types of calls.
We decrease tenant turnover
As a great property management company, TNG Property Management knows how to keep our renters happy. We are responsive and available, and take care of problems when they arise. Happy renters are also less likely to look for another place to live and more willing to accept reasonable rent increases. Of tenants who choose to stay in their current lease, 50% think their home is a good value for the price and 40% say they love the place they rent.
We ensure rent is collected on time
Consistent rent collection is key to receiving rent payments on time and TNG Property Management will enforce lease policies if payments aren’t received. If tenants are consistently failing to pay their rent on time (or at all), we know how to deal with the situation, including issuing an eviction notice if necessary. Payment collection can be a common issue- the typical renter spends 29% of their income on rent, and a significant share of rental households is one large expense away from being unable to pay.
We help you avoid stressful legal issues and evictions
We understand landlord-tenant laws and fair housing laws, which can help you avoid potential lawsuits and save time, money, and energy in the long run. We will also take care of any lawyer communications associated with evictions on property damage issues. If you’re not comfortable handling things like evictions, signing, and terminative leases, and handling rent and security deposits, you definitely want our expertise.
We handle all resident communications
To make things easier for all parties, all resident communications are pointed to and handled directly by TNG Property Management. If there’s anything that needs your attention, such as a major repair or resident grievance, we will bring it to you immediately.
We manage vendor relationships
We have countless relationships with valued maintenance workers, tradesmen, contractors, suppliers, and vendors that it’s almost impossible for an independent landlord to duplicate. Not only will we get you the best work for the best price, but we’ll also oversee any necessary maintenance projects.
We ensure that you’re in compliance with housing regulations and property laws
There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state, and federal regulations, as well as fair housing regulations (such as ADA). TNG Property Management will help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.
We enable you to invest in geographically distant properties
If you manage your own properties, you’re pretty much limited to investment opportunities within a tight radius of your own home. By hiring Tropic Sands Property Management, you can take advantage of investment deals in any location you wish.
We maximize the profitability of your time
By having TNG Property Management take care of the day-to-day aspects of running your income property, you are free to spend your time identifying further investment opportunities or otherwise furthering your career. It’s hard to measure peace of mind, and if you have a great management company that’s working hard to keep your costs down and your profits up, the management fees are often well worth it. Remember, in most cases you can also deduct your property management fees on your taxes, making professional management a benefit in several different ways.
Please feel free to contact us. We’d be happy to talk further about our fees and anything pertaining to our local real estate market.