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Collecting Rent For Your Investment

Panama City Rent Collection

Security Deposit

Our policy is to collect the same amount as the monthly rent for the Security Deposit, which we will escrow for you. We have also worked with a third party company provider called Obligo (myobligo.com) that is offered through our software platform Rentvin which operates like an insurance underwriter for the SD. Tenants are charged a small non-refundable fee and Obligo will insure the rental against damages and loss of rents, AND they assume the responsibility of going after the tenant for claim, after paying us within 4 days of submitting our claim. This has made us more competitive on the rental market as other PM companies do not offer this feature. Another way that FSR is leading the market with the lowest vacancies!

Rent Collection

All rent is due on the 1sr of each month and is considered late if received after the 4th of the month. Late notices are sent around the 10th and removal proceedings are initiated if the tenant does not make immediate arrangements for rent payment. At Full Sail Realty, we do not tolerate the delinquent payment of rents. We are careful to explain this policy to new residents in order to avoid any misunderstandings that might arise later. Our rent collections & delinquencies policies are as followed:

  • You can expect that we will make every effort to collect rents timely and when due on the 1st of each month.
  • We will attempt to contact your tenant if rents are not collected after the first week of each month, and begin contacting them daily after.
  • Late fees are charged $25 per day rather than a one time flat fee to give tenants incentive to pay sooner- time is of the essence.
  • We will "Hand Deliver" a 3-day notice, (Florida's legal prerequisite to an eviction), if we are not able to make contact with the tenants, or if they fail to follow through with payment arrangements.
  • You can expect that we will turn delinquent residents over for an eviction to be filed on or shortly after the 15th of the month. We will prepare all the documents and we will file the eviction on your behalf.
  • We will consult with you before filing an eviction as court costs are expected to be paid at this point.
  • We do not charge extra fees for eviction of any tenant that we place.

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Owner or Renter?

Do you NEED a Property Manager?

Managing rental property is rarely "passive." Between maintenance, emergencies, HOA compliance, and financials, the demands of a portfolio—whether one unit or a hundred—can quickly become overwhelming. Professional property management is the lifeline you need when you're drowning in voicemails and logistics.

Full Sail Realty of NWFL alleviates these daily pressures, helping your portfolio reach its full potential. We have seen firsthand how freedom from the daily grind allows our clients to focus on what matters: growing their business.

Why Hire a Property Manager?

A professional manager provides more than just extra hands; they offer a wealth of experience and high-end tools. Key benefits include:

• Time and cost savings

• Higher tenant satisfaction and retention

• Streamlined maintenance and record-keeping

• Access to vetted experts and market insights

How to Maximize Professional Management

1. Delegate the "Boring" Tasks

Full Sail Realty handles rent collection, tenant communication, and repairs. For busy owners, having a professional field late-night plumbing calls or roof inspections is a massive relief. Beyond convenience, our seasoned processes and list of trusted contractors keep your maintenance expenses in check and your books tidy.

2. Let Experts Manage Tenants

Finding quality tenants is critical but difficult. We manage the entire lifecycle: professional marketing, quality photography, background checks, and showings. Once a lease is signed, we foster positive relationships through responsive service. Happy tenants stay longer, which means fewer vacancies and more consistent rental income for you.

3. Leverage Technology and Networks

Solo investors often lack the budget for state-of-the-art management software. We provide our clients with advanced online portals for rent payments, maintenance tracking, and detailed accounting. Additionally, you gain access to our network of vetted contractors, legal experts, and tax advisors—priceless resources when you’re out of your depth.

4. Utilize Local Strategic Insight

Whether you own one home or dozens, our experience provides unique insight into what works. We help you create a strategy for acquiring or liquidating assets and navigating tax deferrals. With "boots on the ground" across the region, we provide the latest data on local property values, rental demand, and changing zoning regulations.

5. Tax Benefits

One of the BEST reasons to hire a property manager is the tax benefits.  Always consult with your CPA first, but most investors find that the tax deductions and depreciation of your rental properties will benefit you financially through tax savings.  If you really want to take advantage of tax savings, consult with your CPA about cost segregation strategies, then call Full Sail Realty of NWFL and let us help you find the perfect property to achieve your goals!

Conclusion

Professional management is the key to unlocking the next level of your investment career. By removing daily distractions and tightening operations, we free you to act with greater confidence and focus on your long-term goals.

To learn more about how Full Sail Realty of NWFL can help your business, contact us today for a free rental analysis.

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