Property Management Blog

Jacksonville IS Great!

System - Wednesday, September 1, 2021
Property Management Blog

In the last month a lot has transpired—some of it good, some of it not so much. If you’ve been following the news of late, we don’t need to explain. Heartbreak abounds. 

Additionally, the housing “crisis” and its many iterations continues on. As we indicated previously, relief does seem to be moving its way where it needs to be but property owners are still feeling the pain the most. The market itself continues to spiral upwards and create its own set of challenges.

Despite all that, Jacksonville is still one of the most affordable cities to live in and is being recognized for that and much more. We’ve included a couple of links to recent press about the virtues of our fine city. 

Let’s be grateful for our hometown blessings.

https://www.firstcoastnews.com/article/news/local/jacksonville-ranked-4-best-places-to-live-in-florida/77-a94c87f2-1f25-43ce-8d88-768a70d30c49

https://www.actionnewsjax.com/entertainment/jacksonville-rated-top-25-best-places-live-us/QGMGLBATPZCC7OFKNRA6VAZOMI/

Rent Relief: Worth the Hassle?

System - Monday, August 2, 2021
Property Management Blog

Answer: depends on the program. We’ve seen quite a few and recently successfully completed a local program (on behalf of the owner) that got the property owner reimbursed for approx. 2.5 months of unpaid rent (because the resident was able to pay except for 2.5 months of the qualifying time period).

The more accurate answer is: know the fine print. Every program we’ve seen comes with caveats of some kind. The process can be a bit tedious and time consuming but worth it in the end if the property owner recovers some lost rental income.

Many of the programs (if not all) are dependent on both parties making applications (resident and property owner). Most residents are willing to apply as they want to be relieved of as much of the unforeseen burden as possible. As for owners, we can assist them in that process as the property manager of said rental property. 

It’s a good amount of data gathering but once complete--as is the case with the newer Our Florida program (https://www.ourflorida.com/) could cover up to 12 months of unpaid past rent or 3 months of upcoming. All of this is predicated on criteria satisfaction/qualifying for both parties. 

Navigating the process on their behalf is just another way FPM Properties is proactively working to ease the angst for property owners whose residents have experienced a hardship and all are suffering as a result. 

For more details or to request assistance: marketing@fpmproperties.com

Eviction Moratorium Lives On….

System - Thursday, July 1, 2021
Property Management Blog

So, the moratorium was extended again, till July 31, 2021. 

This has created such a tangled web for both residents and property owners the likes of which we’ve never seen in our lifetimes.

While the moratorium has given residents some much needed breathing room, there is a huge amount of back rent coming due to all the property owners who were not receiving rent for their properties.

Both groups have suffered hardship but we would submit that for property owners, the burden has been greater as they have still been held accountable (without rental revenue) to pay property taxes and maintain insurance and property upkeep!

To compound this, the agencies handling the “relief” funds have done a less than admirable job disbursing funds and the property owners have been last in consideration. In some cases, the funds have gone into residents’ hands with no accountability to make current their back rent.

Our industry association, NARPM, was compelled to file lawsuits and write to members of Congress (some action taken in tandem with the National Apartment Association and Manufactured Home Association) to enact some action that gives immediate relief to property owners and attempt to address the housing shortage and administration of relief.

As the nation “opens back up” for business and vaccinations march on, we hope to see some positive trickles of resolution.

As we head into the Independence Day weekend, let’s all aspire to assert our independence from Covid 19 and government reliance. FREEDOM!

“JAX” No Longer Best Kept Secret…

System - Wednesday, June 16, 2021
Property Management Blog

Jacksonville and North Florida in general have been getting a good amount of press lately! Whether its touting the area as a great place to live/relocate for businesses as well as individuals or a place to visit and enjoy recreation, we truly do have a lot to offer here!

Much has been written as well about which are the” best” neighborhoods and particularly for certain demographic groups. We say Jacksonville has numerous neighborhoods or areas and all have something unique to offer so it’s just a matter of finding your fit. Are you renting or buying? What can you afford? Are nearby schools or public transportation an important factor? Where will you be working and is there a commute involved—and how does it relate to proximity of what neighborhood(s) you are considering?

No matter what you decide, the options are plentiful in our many and diverse neighborhoods and it seems everyone is finding out!

https://www.jaxdailyrecord.com/article/dun-and-bradstreet-headquarters-and-two-more-deals-headed-to-city-council

https://www.atlantamagazine.com/southbound-articles/jacksonville-florida-weekend-getaway/

https://www.floridaforboomers.com/25-most-popular-retirement-cities/

When the Storm is Coming…….

System - Tuesday, June 1, 2021
Property Management Blog

Important to think about this now, especially since storm season starts TODAY!  We have made available the 2021 City of Jacksonville Preparedness Guide to all of our residents in advance of storm season but we’ll hit some highlights here…. most important to remember: if a storm is coming here (like Irma and Michael in past years) it will not matter if you are in Atlantic or Neptune Beach, San Marco, Riverside or Julington Creek. From one end of the area to another, you are likely to experience some kind of symptom—and maybe multiples. This awareness is important no matter where in Clay, Duval or St. John counties you reside!

  • Know your evacuation route and have a plan for using it 
  • Know your flood zone status (and how it relates to above!)
  • Have your emergency preparedness kit ready
  • Know your family and pet plan (going to shelter? Have your personal supplies, i.e. prescription meds)
  • Have your home preparation done (secure loose items, remove loose branches, etc.)
  • Know your resources/contact information (insurance agent/carrier, JEA, City, Family contacts)

We think a great place to start is with the city’s preparedness guide which you can access right here on our home page “Emergency Preparedness Guide” & “Jax Family Plan”

Check out our newsletters as well for more summer and storm season related information…

Review or Rant?

System - Thursday, April 1, 2021
Property Management Blog

Like a lot of property management companies, we take (metaphorical) body blows occasionally over the outcomes of renting properties. Regardless of what you might read (and how qualified those sources may or may not be), professional property managers cannot control all aspects in a rental situation but DO follow processes and adhere to laws.

These processes are communicated up front to our residents and owners and include references to the laws and statutes we are required to follow.

As is the case in many situations and/or industries, the one thing we cannot exercise control over is human behavior and the resulting decision making.  We qualify residents according to requirements and rental criteria. We do not and cannot control lifestyle choices or circumstances. 

When there is a complaint or discontent, it is frequently the result of our refusal to circumvent or side step said statutes, requirements or laws.

So, when you read a rant about us or any professional property management company, refer to the above and consider getting both sides of the story before drawing conclusions. We’re happy to answer any questions about how we work and why.

Designations—It IS Something to Care About

System - Monday, March 15, 2021
Property Management Blog

So, in a follow up to why we made the case for the significance of designations, here’s a quick “real world” way to think about it:

Real estate transactions of any kind can be (and typically are) emotional experiences. They typically involve large sums of money (and the dollar amount doesn’t matter; the numbers are typically big to whoever is involved), require multiple parties to cooperate and seemingly endless steps to conclusion. A lot can happen along the way.

Most recently we’ve seen an increase in having to overcome obstacles from buyer financing as well as (in the past year) the pandemic and storms that shut down banks and other business entities. Those are hiccups that frequently aren’t easily resolved—especially when the clock is ticking. 

This is why you need to make sure you have an agent that can take control of the situation and navigate a difficult transaction. That agent usually has pursued additional education and training beyond their license. They get those intriguing letters after their names like GRI or SRS or are called Realtor® or Broker.  

An experienced, credentialled professional is uniquely prepared to navigate even the uncharted waters of today’s real estate transactions.

Designations---Who Cares?

System - Monday, March 1, 2021
Property Management Blog

We do! You should too!

At FPM Properties, we are always pursuing continuing education. Why? Aside from wanting to always improve and elevate our ability to do our jobs, it’s because of this adage: the only constant is change.

Change is a constant in our industry. Just look at what has changed in the last several years and especially this past year. Eviction moratoriums, forbearance, PPP programs…this list goes on….and on.

Our designations signify a commitment to education, professionalism and commitment to our industry. 

It’s an indicator that we care about what we do and doing it right –no matter how much times change. It means we’re committed to ongoing learning (as some designations have a continuing education requirement). It means we’re putting in the work so you don’t have to!

The property management and real estate landscapes are always evolving and at an ever-accelerating pace. Doesn’t matter where 

Our designations assure you that we will never rest on our proverbial laurels and that we don’t take our responsibilities lightly. 

NEFAR Realtor of the Year 2020

System - Tuesday, February 2, 2021
Property Management Blog

So just about a week ago it was announced that our Broker, Mike Hodges, was named Northeast Florida Association of Realtors Realtor® of the Year for 2020. We have to comment on this!

Of course, this is a bit biased but hey, it’s our site so we can brag on him. Take it from the people who work with him every (literally, a lot of the time) day—this is well deserved.

Yes, Mike is a property manager (with distinction of MPM®) and a community association manager but he is first and foremost a licensed Broker/Realtor®.

No one takes being a Broker/Realtor® more seriously than Mike. We think the fact that he feels so strongly about continuing education as well as gaining new knowledge probably positioned him over time to be worthy of this honor. 

Hard working? Yes. Dedicated? Definitely.  Knows his stuff? Absolutely. We could come up with so many superlatives that accurately describe Mike but if we had to choose just one word to focus on…….

Integrity. He knows the laws and the professional standards and embraces them. Follows them.  Requires his colleagues to do the same. 

We think NEFAR knows their stuff too---they made an excellent and worthy choice for 2020!

Welcome Urban Meyer

System - Friday, January 15, 2021
Property Management Blog

Probably much like you, we want to tune out all the other noise going on around us and ponder this!

Yes, it seems it’s a done deal. Urban Meyer is the new Jacksonville Jaguars head coach.

If you’re from around these parts you’ve been living it. If you’re not, you may not be able to understand how frustrating it can be to be a Jags fan…. and how uplifting this news may be.

We say may be because no one can really predict how this will play out, how long it may take to turn the ship, etc. 

What we do know is his track record and that here in #DUUVAL we’re a bit acquainted with him. All cause for optimism. Agree or not, a new era has dawned in Jacksonville Jaguars football!

We should also mention our head coach, Mike Hodges has been named 2020 Realtor of the Year by NEFAR! Congrats to both of them and to Jacksonville!


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