Property Management Services

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Discounts for Property Owners in Associations Currently Managed by Marvin & Floyd Realty, Inc.

  • OUR COMPANY

    Marvin & Floyd Realty, Inc. was incorporated in 1997. We are a licensed real estate brokerage and can professionally assist you with the management of your rental property.

    Our operating and escrow bank accounts are maintained at Ameris Bank, 560 Atlantic Blvd., Neptune Beach, FL. 32266.

    Fletcher & Company is our insurance agent. Our insurance coverage consists of commercial general liability, a fidelity bond and an errors and omissions policy

  • MANAGEMENT DUTIES AND FINANCIAL PROCEDURES

    Correspondence and/or telephone calls will be dealt with in a timely manner and the Owner notified if necessary.

    All properties will be inspected on a regular basis, move-in, move-out, lease renewal and at the discretion of the manager if a problem is suspected. Owners will be sent a report outlining all maintenance and or repairs required showing an estimate of the cost involved. Marvin & Floyd Realty will strive to obtain at least three bids for all major repairs unless repair is an emergency. Emergency repair is described as any repair that will render the unit uninhabitable (loss of water or electric power, major leak, structural, roof etc). Permission will be obtained from all owners on non-emergency repairs that exceed an amount established by the owner.

    Owners will receive notification of tenants giving a thirty day move-out notice. Occasionally tenants move-out with no notification and in those instances owners will be notified as soon as we are aware the units are vacant.

    Two separate escrow accounts have been established. One to cover day-to-day operating activities and the other to account for security deposits. The policy for signing authority on checks will be at the discretion of the Broker.

    Collections will be accomplished by checks payable to Marvin & Floyd Realty and or cash, deposited in the rental escrow account and disbursed to owners by the fifteenth (15th) of the month.

  • SCHEDULE OF REPORTS

    Administrative

    Tenant register with property addresses and rent amounts

    Owner register showing mailing address and properties owned

    Security deposit register

    Parking register (if required)

    Monthly

    Cash flow

    Transaction register

    Copies of all invoices

    Quarterly

    Exterior inspection report (if requested)

    Annual

    Year end financial report

    Form 1099

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