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

 FAQs

  • Yes! We have relationships with multiple companies that can handle any issues with your property, and we will personally oversee any project on your property. Minimizing the time your property sits vacant is extremely important to us.

  • Employment verification, background check, prior rental history verification and credit check.

  • Flat fee percentage of rent collected. Exact number will depend on your number of properties and other important factors. There are no hidden fees. No setup fee. No eviction admin fee. No renewal fee. No inspection fee.

  • Yes, we do have an attorney that we have worked with for many years. The 3-day notice is delivered or posted and mailed on the 4th of the month. Once, the 3-day notice expires, the eviction process can begin, but only with the prior approval of the owner.

  • We perform a walk through of the unit with the tenant(s).

  • At lease renewal unless we suspect an issue. No, there are no additional costs to the owner.

  • A non-interest bearing account at Ameris Bank (Deposit Escrow Account).

  • Normally, the deposit amount will be determined based on market conditions and discussions with the owner.

  • We have a 24/7 emergency line for emergencies that happen outside of our regular business hours. Any other maintenance issues would be handled during normal business hours (9am - 5pm).

  • No.

  • No.

  • No.