Property Management

Property Management

AOMAC is an experienced full-service property manager with an à la carte list of services for handling both commercial and residential properties. We can manage a single property or a portfolio of properties based on whatever level of commitment a client needs.


We Can

 

  • Work with licensed realtors to find, vet, and approve tenants

    • Review leases to ensure owner’s interests are protected
    • Act as owner’s agent to execute leases

  • Perform regular site inspections to ensure properties are maintained in good condition

    • Perform pre- and post-rental walk thru
    • Make random site visits during tenancy

  • Ensure adequate insurance is in place to protect the properties and their owners from loss


  • Collect, manage, and track rents and security deposits

    • Track rental payments electronically to ensure timely payment
    • Ensure security deposits are segregated

  • Pay bills (utilities, yard/pool maintenance, insurance, property tax, etc)


  • Maintain property by property QuickBooks accounts on a daily basis

    • Provide up-to-date balance sheet, detailed ledger, and profit-and-loss accounts for each property at regularly scheduled intervals
    • Maintain books online, so owners can check them at any time

  • Manage routine and unexpected maintenance, repairs, and tenant issues

    • Select and oversee contractors when work is performed

  • Produce quarterly and end-of-year internal profit-and-loss statements for owner’s tax purposes

 

Fees:
•    Flat monthly fee or hourly rates available
•    We spend, on average, four to five hours per month per property
•    Hourly rates range from $50 per hour to $200 per hour depending on services provided

Experience:
•    Began managing properties in 2009
•    We currently represent a broad assortment of properties that include but are not limited to:
•    Art galleries in London and New York
•    Luxury high-rise condos in Miami
•    Boarding houses along with a stand-alone home in Miami
•    Single-family annual and seasonal rentals in South Florida (Naples and Marco Island)


Examples:

VACATION HOME (NON-RENTAL) EXAMPLE – actual fees may vary depending on scope of services

Having identified a dream property in the United States with the help of a realtor, the client approaches AOMAC Services to structure the purchase in a tax-efficient manner, prepare the house for occupancy, and manage the ongoing maintenance of the property.

1. At the outset, the client is made aware that as part of the client due diligence process, the client will be required to produce at least two original or certified true copies of photograph IDs, together with recent proof of residency (utility bill or bank statement from the previous three months) and a bank reference letter. This will establish the client’s nationality, domicile, and current residency. This information will be treated as confidential and will only be used if a trust, company, or bank account is to be established.
*Fees: none

 

2. AOMAC facilitates an introduction to a suitable tax and estate-planning lawyer or tax adviser who will recommend an appropriate structure or entity to hold title to the property. This could be 1) a Florida LLC owned by the client, 2) a Florida LLC owned by an overseas company, or 3) any structure the lawyer or tax adviser recommends.

*Fees: client pays lawyer’s or tax adviser’s fees

 

3. Having been briefed on the setup and administration of this structure, AOMAC forms all necessary entities. The client funds the entities from other accounts. Once funding clears, instructions are given by the named directors of the new entities to make the purchase of the desired property (AOMAC handles the selection of directors and puts this in motion).
*Fees: $1,500 to AOMAC to set up Florida corp
*Fees: $5,000 to AOMAC to set up offshore corp

 

4. AOMAC liaises between the client, the lawyers, the selling property agent, and various other brokers and agents to acquire and settle the real estate.
*Fees: $500 to AOMAC

 

5. Insurance is arranged, utilities established, pool and yard maintenance providers are contracted, furniture is delivered, and the house is made ready for occupancy.
*Fees: $1,000 to AOMAC

 

6. On an ongoing basis, AOMAC can manage the day-to-day operation of the property—ensure that the property is fully insured; pay all bills promptly; maintain the house, yard, and pool in good condition; and handle any minor repairs or maintenance projects in a timely manner. A statement of affairs, detailing all activity performed for the property, is periodically presented to the owner. At the year’s end, the corporate returns and annual accounts are submitted to the duly appointed tax adviser, who makes the statutory submission.
*Fees: $2,400 per year to AOMAC for monthly bill pay and property supervision
*Fees: $1,500 per year to AOMAC for provision of a corporate officer for entities



INVESTMENT PROPERTY (RENTAL) EXAMPLE – actual fees may vary depending on scope of services

Having identified an ideal income property with the help of a realtor, the client approaches AOMAC Services to structure the purchase in a tax-efficient manner, find tenants, and manage the ongoing maintenance of the property.

 

1. At the outset, the client is made aware that as part of the client due diligence process, the client will be required to produce at least two original or certified true copies of photograph IDs, together with recent proof of residency (utility bill or bank statement from the previous three months) and a bank reference letter. This will establish the client’s nationality, domicile, and current residency. This information will be treated as confidential and will only be used if a trust, company, or bank account is to be established.
*Fees: none

 

2. AOMAC facilitates an introduction to a suitable tax and estate-planning lawyer or tax adviser who will recommend an appropriate structure or entity to hold title to the property. This could be 1) a Florida LLC owned by the client, 2) a Florida LLC owned by an overseas company, or 3) any structure the lawyer or tax adviser recommends.
*Fees: client pays lawyer’s or tax adviser’s fees

 

3. Having been briefed on the setup and administration of this structure, AOMAC incorporates all necessary entities. The client funds the entities from other accounts. Once funding clears, instructions are given by the named directors of the new entities to make the purchase of the desired property (AOMAC handles the selection of directors and puts this in motion).
*Fees: $1,500 to AOMAC to set up Florida corp
*Fees: $5,000 to AOMAC to set up offshore corp

 

4. AOMAC liaises between the client, the lawyers, the selling property agent, and various other brokers and agents to acquire and settle the real estate.
*Fees: $500 to AOMAC

 

5. Insurance is arranged, utilities established, pool and yard maintenance providers are contracted, and the property is made ready for occupancy.
*Fees: $1,000 to AOMAC

 

6. AOMAC works with a licensed realtor to find, vet, and approve tenants.
*Fees: leasing fees agreed with and paid to realtor

 

7. On an ongoing basis, AOMAC can manage the day-to-day operation of the property—ensure that the property is fully insured; collect rent; pay all bills promptly; maintain the house, yard, and pool in good condition; and handle any minor repairs or maintenance projects in a timely manner. A statement of affairs, detailing all activity performed for the property is periodically presented to the owner. At the year’s end, the corporate returns and annual accounts are submitted to the duly appointed tax adviser, who makes the statutory submission.
*Fees: $1,500 per year to AOMAC for provision of a corporate officer for entities
*Fees: negotiable flat fee or as-needed hourly fee with a $200 per month minimum to AOMAC for monthly maintenance, bill pay, and supervision of property

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Get In Touch

  • 8840 Terrene Ct #102
    Bonita Springs, FL 34135
  • 239-430-4310
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