Got questions? We got answers! Here are a few of the most frequently asked questions we run across. Don’t see the answer to your question? Reach out on our contact page and someone will get back to you.
Property Management FAQ
A: Yes. If they do not have a license, they are not allowed to manage property on behalf of someone else.
A: Yes, but we wouldn’t recommend it. Home warranties end up complicating issues and end up costing investors more time and money.
A: While the unit is vacant, absolutely! However, we will inspect the property to make sure that the unit meets rent-ready conditions before marketing the listing.
A: Yes! We are a full-service real estate brokerage. All our agents are focused on investors and their needs in buying or selling investment property.
A: LaPlante Real Estate does.
A: We will collect a $500 reserve per unit from you. This is YOUR money and it will be deposited into our bank trust account as the reserve for YOUR property. We will potentially use these funds to pay for expenses that may arise between the time we send you your rental income, and the time we collect the rent from the tenant the following month. But we will always maintain this reserve as long as we manage your property. When we stop managing your property it will be returned to you.
A: We use an in-house, custom, attorney prepared lease agreement designed to be fair and provide maximum legal protection to all parties. We also include a pet addendum, and EPA required lead based paint disclosures.
As your legal agent, LaPlante Real Estate signs all of the legal documents on your behalf.
A: We perform an annual property inspection right before lease renewal. The purpose of this inspection is to ensure the property is being well cared for, there are no lease violations, and to look for potential deferred maintenance issues before they become a problem.
LaPlante FAQ
A: LaPlante Real Estate has been operating in Toledo and the surrounding area for over 10 years.
A: Yes. We are very experienced in taking on the management of a property with a current resident in place. By law, we have to honor their current lease until renewal. If they are a good resident, we will work to renew them on our lease.
A: No. We specialize in long-term rentals. The short-term rental industry operates under a different set of laws and regulations.
Toledo FAQ
Decreasing population is not the sole indicator of an ideal location to invest. Things like economic development and social amenities and education play a role as well. Every location needs housing and right now there is a shortage. The key is to have rental property that is affordable and well maintained in good areas.
Most real estate will appreciate over the long term unless there is some major economic shift (i.e. like the housing market crash in 2008). Even then, those are short-term fall outs that, if you can survive, will reverse in the long term. While Toledo will never experience appreciation like property in Florida it still makes a solid investment with stable cash flow.