Gulf Income Properties
Rental Property Management Services
Managing Your Rentals, Maximizing Your Returns
We Deliver on our Promises
Rental & Property Management Services
Real estate investing is one of the best ways to achieve wealth over time, but if the investment vehicle is mismanaged, those returns can be lower than expected. At Gulf Income Properties, we offer expertise in Marketing, Tenant Screening, Rent Collection, Maintenance, Evictions, and Accounting. Using Gulf Income Properties will maximize your returns and protect your investment.
If you’re already the proud owner of a rental home, congratulations! There are so many benefits that can come along with owning a home for rent, especially in a destination as popular and sought-after as the Gulf Coast. However, along with the benefits come the responsibilities, which can be a lot to handle.
What’s It Like to Own a Rental Home?
When you own and manage a rental home, you’re responsible for keeping it in optimal shape and advertising properly to land the best tenants for the price you want. And once your tenants are in place, you’ll be their primary point of contact throughout their lease.
That means you’ll always be on call to answer questions about the property, schedule repairs and updates, and ensure that your tenants are treating the property with respect. You’ll also be the one collecting and enforcing rent payments, which can lead to sticky situations between tenants and landlords.
Most rental home owners have their own careers, families, and personal lives to attend to outside of their duties as a landlord. Investing in real estate shouldn’t mean that other areas of your life have to take a back seat, and with the right property management services partner, it doesn’t have to.
Ensure the Success of Your Rental Property With Gulf Income Properties
At Gulf Income Properties, creating success for our clients is our number one goal. We work with homeowners in Manatee and Sarasota Counties to maximize their earning potential, improve their work-life balance, and make the smart choice to invest in real estate even more lucrative than they imagined.
Our team comprises experienced professionals who have many years of experience working in Gulf Coast real estate. The climate of the housing market can shift significantly from city to city and even neighborhood to neighborhood. That’s why having a team on your side that’s been working hands-on in your immediate area is so crucial.
From screening and marketing services to tenant management and accounting, we’ll handle all the ins and outs of your investment with our high-quality rental property management services.
We ensure an open line of communication with all of our clients, so we’ll always be there to answer questions, give advice, or handle an issue with tact and professionalism.
Why Are Rental Property Management Services Necessary?
As a property owner, you may wonder why you shouldn’t just manage your property yourself. While some people choose to manage their own rental properties, they often find it too stressful and time-consuming. It’s also much more difficult to achieve the same success you could with an experienced property management team on your side.
Here’s a closer look at some of the specific property rental services that we provide at Gulf Income Properties.
We Find Great Tenants for You
Signing a lease with a new tenant is always a gamble, as life can happen, and people can be unpredictable. However, there are many ways to reduce the risk of signing with a troublesome tenant, and Gulf Income Properties employs a thorough process that considers all these factors before breaking out the lease paperwork.
Our team will handle the in-depth screening process for each potential tenant so that you can get the full picture of their rental history, past evictions, relationships with employers, and more. These details will allow you to make a much more informed decision regarding who signs the lease.
We Collect Rent and Interface With Tenants
Once your tenants are in place, interfacing with them and fielding all their questions, concerns, and issues can be one of the most time-consuming parts of being a landlord. We’ll handle every aspect of tenant relations for you, from rent collection to maintenance scheduling and more.
We Bring Our Vast Network of Vendors
One of the best perks of our many years of experience is our extensive network of vendors and contractors in the Gulf Coast area. Whatever your property needs, we’ll have the right person on call to get the job done right and on your timeline.
We Have the Know-How to Prevent Many Issues
Unless you happen to work in real estate law, there’s no reason you should have to study the local laws surrounding rental properties in order to be a successful property investor.
We’ve already done the work for you and can provide plenty of advice when it comes to avoiding legal trouble. We can inform you of your rights as the property owner as well as your tenant’s rights, and we’re happy to act as a resource for your tenants, too.
In addition to our legal knowledge, we’re also specialists when it comes to maintaining positive tenant-landlord relationships. It pays to know the law, but the best way to avoid legal issues with your tenant is to maintain a healthy working relationship so that taking things to court never becomes necessary.
You Could Enjoy Greater ROI
The return on investment is one of the primary reasons individuals invest in property. With the right property management services, you could see a vastly increased ROI over time.
Our primary goals for property rental services are to secure a lucrative rent price for the property, save on maintenance costs through our trusted vendors, and allow you to focus on your other money-making ventures. And you’ll be able to enjoy much more peace of mind and time to spend with your family, friends, and hobbies.
The Gulf Income Properties Difference: We Deliver on Our Promises
At Gulf Income Properties, we pride ourselves on excellent customer service. This means streamlined processes that enhance our communication with both owners and tenants. Owners will be updated and have access to all property information in real time.
When we tell you that our property management services will maximize the return on your investment, we really mean it! We take each client’s needs and goals into account and cater our rental property services to meet and exceed your expectations. You’ll be amazed at how much more successful your property investment will be when you have the Gulf Income Properties team on your side.
Ready to get connected with our team and learn more about rental property services? We’d be happy to answer any questions you might have and get you set up with the best rental property management services on the Gulf Coast. Contact us today at Gulf Income Properties.
Gulf Income Properties Marketing Services
The marketing process is one of the most important steps in the tenant placement process. That is why Gulf Income Properties uses the latest technology to ensure the maximum amount of exposure for the rental property. We take pictures of the rental property using Matterport cameras. A Matterport camera not only produces HD still pictures and videos, but puts together a 3-D virtual tour for prospective tenants. Why does this matter? When renters are searching for rental properties, they are much more likely to engage with your property as it has a 3D tour. Your property listing is then syndicated on over a dozen property websites and will be seen by millions of potential renters.
At Gulf Income Properties, we ensure properties are rented for maximum income potential, attracting quality tenants, and have the least amount of vacancy days possible. We do this by:
Beginning with analyzing the local market and determining the current market rental rate.
Making sure your property is rent ready and offer suggestions on how to maximize rental income.
Taking pictures using our Matterport Camera, which not only produces HD still pictures and videos, but puts together a 3-D virtual tour for prospective tenants. Why does this matter? When renters are searching for rental properties, they are much more likely to engage with your property as it has a 3D tour.
Syndicating your property on dozens websites and be seen by millions of potential renters.
Having available at all times, a Gulf Income Properties showing expert, to show prospective renters.
Screening all prospective tenants using the latest and most thorough technology and screening processes.
Gulf Income Properties Screening Services
Having a screening process that has been tested over time is an extremely important part of the process. A great property will attract many prospective renters. The key is screening each applicant to make sure they are the right fit for your property. Placing the wrong tenant can be a very expensive mistake, which is why we put a lot of effort upfront to ensure success.
The screening process begins with an online application. If the applicant meets the criteria for the property, the application is then evaluated further by our team, which is when we verify the information on the application by requesting supporting documents.
We do our homework, which gives you the best possible tenant. The criteria we look at when screening a tenant includes:
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Credit History
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Employment and Income Verification
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Rental History
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Criminal History
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Sex offender registry check
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Reference check
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At that point, we make our recommendations to the owner. Maximizing rents is the number one goal, but preserving your investment by picking great tenants equally as important.
Gulf Income Properties Rent Collection
At Gulf Income Properties, we ensure that the rent collection process is seamless. With our owner and tenant portals, the online payment system has made paying rent as easy for the tenant as it has ever been, which reduces the likelihood of late payments. Our online portal also allows property owners to see in real time how their properties are performing.
- Setting Rent: We help determine the appropriate rent amount for a property by analyzing comparable properties in the area and considering market conditions.
- Rent Collection: We handle the collection of rent on behalf of the property owner. We will also handle late payments and any necessary follow-up, such as sending reminder notices or late fees.
- Lease Enforcement: We enforce the lease agreement by ensuring tenants are in compliance with the terms of their lease, such as paying rent on time and maintaining the property in good condition. We will also handle any necessary eviction proceedings if a tenant fails to comply with the lease.
- Rent Increases: We also handle any necessary rent increases, such as when a lease is renewed or when market conditions change. We will provide the property owner with a detailed report of the increase, and the reasons behind it, to ensure the rent increase is fair and reasonable.
- Record Keeping: We typically keeps detailed records of rent collection and lease enforcement, which can be used as evidence in court if necessary.
- Communication: We will communicate with tenants regarding the rent collection and lease enforcement, so the property owner doesn’t have to deal with complaints or conflicts.
Overall, we help property owners to effectively collect rent, enforce leases, and maintain a positive relationship with tenants, which can increase the owner’s income and reduce the number of vacancies.
Gulf Income Properties Maintenance Services
Maintenance and repairs are inevitable in the world of real estate. At Gulf Income Properties, we are prepared to handle all maintenance tasks in a cost effective and timely manner. With our network of trusted vendors, we ensure our clients’ properties are well maintained. We understand that a well maintained property has less tenant turnover and is always ready to produce income for the owner. In addition, Gulf Income Properties performs a mandatory minimum of four property inspections a year to ensure your investment is doing well.
Here are several benefits of working with us when handling maintenance for your investment properties.
- Save you Time: We handle all maintenance tasks, freeing up our clients’ time to focus on other aspects of their business or personal life.
- Cost-effective: We negotiate better prices for maintenance services, as we have established relationships with vendors and contractors.
- Professionalism: We have trained and experienced staff that can handle maintenance issues promptly and efficiently. They are well-equipped to handle any type of emergency situation that may arise
- Vendor management: We handle the coordination and management of vendors and contractors, ensuring that all work is completed on time and to the required standard.
- Legal compliance: We are aware of all local, state, and federal regulations and laws related to property maintenance. We ensure that the property is always in compliance, which can avoid potential legal issues.
- Preventive maintenance: We typically have a preventive maintenance program to keep the properties in good condition and avoid costly repairs in the future.
- Cost control: We help property owners to control their expenses by providing detailed reports on maintenance costs, rent collection and other financial aspects.
All in all, we provide a wide range of services that help property owners save time, money and hassle while keeping their properties in good condition.
Gulf Income Properties Accounting
Numbers don’t lie. At Gulf Income properties, we track everything when it comes to your property. Every dollar in and every dollar out is tracked through a web-based accounting system. This allows our owners to see how their investment is doing in real time. Owners receive a monthly statement regarding their property and end of the year tax forms. Owners can regularly check their financial status by logging into their Owner Portal.
There are several benefits when we are handling accounting for our clients investment properties.
- Financial Reporting: We handle all financial reporting for the property, including income and expense statements, balance sheets, and cash flow statements. This can help our clients to understand their financial performance and make informed decisions about their investment.
- Budgeting and Forecasting: We help our clients create budgets and financial forecasts for their properties. This helps our clients to identify potential financial risks and opportunities, and plan for future expenses and investments.
- Tax Preparation: We handle tax preparation and filing for the property, ensuring that all tax obligations are met on time and that any potential tax savings are identified.
- Bookkeeping: We handle all aspects of bookkeeping, including maintaining accurate financial records, reconciling bank statements, and processing payments.
- Cost Control: We help our clients to control their expenses by providing detailed reports on maintenance costs, rent collection, and other financial aspects.
- Compliance: We ensure that the property is in compliance with all financial regulations and laws, which can avoid potential legal issues.
- Time-saving: We handle all accounting tasks, freeing up our clients’ time to focus on other aspects of their business or personal life.
- Professionalism: We have trained and experienced staff that can handle accounting issues promptly and efficiently.
We provide a wide range of services that help property owners save time, money, and hassle while keeping their properties financially stable and secure.
What Makes Us Different
Great Customer Service
Gulf Income Properties is responsive, empathetic, transparent, fair, proactive, and flexible. We respond in a timely manner to inquiries and complaints with clear communication, efficient conflict resolution, and continuous improvement.
Proactive Management Approach
Gulf Income Properties prioritizes maintenance and upkeep of the properties we manage to ensure a comfortable and safe living environment for our tenants, but also to retain the value of the property.
Vendor Network
Our network of trusted vendors ensures timely and cost-effective maintenance and repair services for our clients. This allows us to find the best possible solution for each individual property and minimize downtime.
State of The Art Technology
Our technology allows us to streamline processes and increase efficiency, which enhances the overall experience for tenants and owners. We give access to owners to see performance in real time.
Trusted Partner
We prioritize transparency, open communication, and fair and efficient resolution of any issues that may arise. We offer valuable insights and advice to our clients using our expertise. At all times we act in the best interest of our clients.
Local Market Knowledge
Our property managers have a deep understanding of the local real estate market. Enables us to make informed decisions about pricing, marketing, and management, which leads to increased occupancy, and higher returns for our clients.
Client Reviews
Kimberly Serino2023-08-17 Jason and Terrence have managed my properties with EXCEPTIONAL professionalism , honesty, care, and knowledge. They stay on top of every issue, so clients can be at ease. They found renters and buyers within days of them listing my properties. They keep 24/7 communication, I feel they are family. They only deal with the best of the best group of contractors. They sold my condo so fast, dealt with HOA issues and other realtors, with speed and calmness, they relieved me of ALL anxiety. I WILL NOT DEAL WITH ANY OTHER PROPERTY MANAGEMENT COMPANY! Gulf Income Properties are perfection! I learned so much about Florida Real Estate through their commitment to not treat any client with anything other than respect, patience, and getting you to feel confident that they are at the wheel and no matter where you live. Your Florida property/ properties are in the BEST HANDS! I LOVE THIS COMPANY! They have my complete endorsement for anyone in search of property management. Once you see their listings, beautifully written honest descriptions, state of the art photos, you will agree…. PERFECTION! Kimberly Serino Serino Properties of Venice Florida, LLC Rosa Le2023-08-16 Gulf Income Properties was my shot in the dark as an out-of-state, investor. I purchased a condo, sight unseen in person. Relatives who lived in the area did inspect it for me, however. The previous Managment was in-house for the condominium complex. Needless to say, that Managment left a lot to be desired and nearly an entire year’s income was nearly squandered. I researched for new property management in the Sarasota area that included potential eviction protection. I found one other and Gulf Income Properties. I am certain the other one I almost signed with has paid more in SEO and marketing to be found online than Gulf Income. As a result, I almost signed with them. However, upon almost signing a contract, I discovered numerous hidden fees (annual, administrative, and vacancy) that were not disclosed on their website or their first point of contact from their phone number. As a result, I looked elsewhere and came across Gulf Income Properties, sadly tucked in listed recommendations based on other sites’ reviews, but no where to be seen on the first page of a google search. Upon my first email inquiry, Jason (owner) responded past normal business hours to each and every, numerated question I had laid out to him. No hidden fees beyond what was represented on their website and he clarified the details entailed in a potential (uncommon) eviction situation. Apparently, Florida protects landlords more (relative to my state of Seattle, WA which protects tenants more). The contract he provided was consistent with what he communicated to me initially, so I went for it. Jason has since, definitely worked hard for his competitive rate relative to other companies. He has dealt with a condominium that restaffed from Management all the way down and were in complete disarray with how to transfer Managment over to him. He has also dealt with bizarre obstacles pertaining to, searching for, and installing laundry units into our unit. These obstacles were a struggle and Jason kindly ate the cost to compensate for a major potential, $2000-$4000 cost for me. As a result, I only needed to account for $600. I am extremely grateful for Jason’s diligence and priority in providing a positive experience and service to his clients. I would highly recommend Gulf Income Properties to any in and out-of-state investors who are looking for Managment that takes pride in their services and longterm relationships with their clients. Wade Anderson2023-07-31 Terrence and Jason have been awesome to work with! Communication and professionalism! I listed my home with them and they got it rented very quickly and above the listing price. I would highly recommend using Gulf Income Properties as an owner or tenant. They will make sure both clients (owner/tenants) are taken care of. Jonathon Hughes2023-06-22 Working with Gulf Income Properties has been an absolute pleasure. Their professionalism, clear communication, and trust in my skills as a handyman have made them stand out from the rest. The support I received from their administrative staff was exceptional, and their attention to detail in maintaining properties is impressive. Prompt payments further solidify their commitment to excellence. I would highly recommend Gulf Income Properties to property owners. Ben Bobinski2023-05-24 Initially, I was able to handle my investment property on my own but as life got busier I started to reach out to companies in the area to take some of the load off. I am typically very hands-on so it made me very hesitant with this process; however, Terrence at G.I.P made it so I was as much involved as I wanted to be. He and his team have been very proactive, professional, timely, and detail-oriented which I have appreciated greatly. Will use again with future properties! steph schmidt2023-05-24 I was having a lot of issues with my previous management company. Gulf Income Properties came in a really took control of the situation and made everything organized for me. All the while keeping me in the loop with everything they were doing. High recommended. Tom Hansen2023-05-23 Out of all the property management companies I’ve dealt with this is the smoothest transition and experience I’ve had. Ryan Grandlic2023-05-22 One of the biggest reasons I was hesitant about getting into real estate was the property management. After an initial conversation I knew that Gulf Income properties was nothing but professional, genuine, passionate, and REALLY GOOD AT WHAT THEY DO!! Took over my property and we’re a well oiled machine now. Thank you guys! Thank you Terrence! Sean Benka2023-05-22 Gulf Income Properties helped me follow my dream of getting into the rental property industry. They gave the confidence and direction needed to be successful. Highly recommend!