Answers to your common questions
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Am I required to make my property available to Section 8?
No, you are not required to offer your property as a Section 8 rental. -
Are you licensed?
Yes, Cool Realty LLC is a full-service real estate brokerage in the state of Florida. David Cool is a managing broker and licensed real estate broker in Florida. -
Can I reach you after hours?
There is after-hours contact for emergencies. -
Can you put the money directly into my account?
Yes, we offer electronic deposit to owners -
Do I get to see the lease or sign it?
Our property manager typically signs the lease for the owners. The copy of the lease is in the owner’s portal to review. We can send you a copy prior to execution to review. -
Do you sell real estate too?
Yes, Cool Realty LLC has a sales division that listens to sellers and assists buyers in purchasing. -
How and when do I get my checks?
Funds are distributed from our office no later than the 10th of the month. -
How long of a lease do you sign?
7 months, 12 months, 2 years, or 3 years. It is what the tenant and owner want us to negotiate between the parties. -
How much security deposit do you charge the tenant?
We typically charge 1 month's rent for a security deposit. -
How soon can you start managing my property?
As soon as a property management agreement is signed between you and Cool Realty LLC. -
What type of properties do you manage?
Single-family residences, townhomes, condos, modular homes, and associations for individual owners, investors, financial institutions, and hedge funds. -
What type of reports do I get and how often?
You get monthly financial statements, maintenance reports, inspection reports, a 1099 for tax returns, and an end-of-the-year report. -
Who holds the tenant security deposit?
Most cases are Cool Realty LLC in a Florida-based bank trust account. However, there are owners who keep security deposits as long as they follow ch. 83 requirements for handling security deposits.