Providing Reliable Property Management Services to Sarasota, FL
Relax Realty Group has investors throughout the world that find Florida an investor-friendly state, especially compared to where they live. Florida’s reasonable property values and taxes, coupled with its friendly landlord laws (an eviction and removal from the property takes three to five weeks if a tenant hasn’t paid their rent) make Sarasota, FL, the home of many large hedge funds and private investors.
There is a large population of service professionals who take care of the tourists visiting “the best beach in the world,” and they need places to rent—which means that Sarasota, FL, can be a wonderful place to find investment properties. Find wonderful tenants and worry less about property management by working with one of the best real estate companies in the area.
Enjoy Convenient Property Management Service from Experts
Choosing our property management company can give you peace of mind. At Relax Realty Group, we will take care of all of your property management concerns. Wherever you live and travel, you can enter the owner portal and know what’s happening with your property. And you can continue doing what you do best, whether it is in your career or your retirement, and feel confident that we are watching your investment as if it is our own home.
Make Owning a Rental Property Easy
We will recommend a rental rate and terms that we think will attract a qualified tenant within 30 days. Market conditions vary, and we can’t make any guarantees as to when we will get a qualified applicant. There are many more tenants in buildings with rent that costs less than $1,600, so these properties spend less time on the market. High-end properties take a little longer to rent. We will provide you with updates as we get feedback from the market so that we can modify the price or terms if necessary.
Frequently Asked Questions
How do you determine the rental rate?
After inspecting your home, we can make recommendations to you on items that might enhance your home’s value. Once we know your home and your goals, we can use our knowledge of the current market situation to recommend a rental rate. It’s your property—we recommend and you decide. An overpriced listing will not receive any prospects, so we can quickly determine if we’ve aimed too high and make adjustments.
How will you advertise/market my property?
We are proud of the fact that 50% of our homes are rented to tenants that are referred to us. Almost all of our other applicants tell us they found the house on the internet. Our property management company posts properties on several national websites in addition to our own site and on Facebook. We also use limited signs to promote properties we manage. We analyze each property based on its own unique circumstances to design a specific marketing plan, which promotes your property under the most favorable conditions.
How do you check the applicant’s credit/reference history?
One of the most important aspects of making your experience as a landlord easier is placing the right tenant in your property. Of course, as your real estate property manager, we don’t discriminate on the basis of race, color, religion, gender, age, national origin, or familial status, but we can discriminate on the basis of credit and rental history. All prospects start with an online application. Once we have an application generated from our marketing efforts, we conduct a detailed background check on the applicant. Some applicants try to be very deceptive, having friends or family members pose as former landlords or employers so that the information sounds good to the landlord conducting the background check. To reduce the possibility of being deceived by an applicant, our real estate and property management company uses a multi-tiered background check to cross-reference each applicant.
The following will happen during a background check:
- Our agents will ask to see a picture ID of the applicant.
- We pull a copy of their credit report, including their FICO score.
- We check to see if the applicant has had criminal charges filed against them.
- We get copies of their pay stubs or contact their employer to confirm their source of income. If they are self-employed/retired, we ask for copies of their tax return or bank statement.
- We confirm their landlord reference or residency history (mortgage payments).
A thorough background check is crucial to avoid costly mistakes with your property. A bad tenant can be a very expensive ordeal due to lost rent, extra time spent having to deal with them, and damage to the property. While no background check can eliminate the risk of a problem tenant, our thorough examination of a prospective tenant’s rental history can significantly reduce your risk.
How much do you charge to lease my home?
Generally, we charge a fee equal to one-half month’s rent to place a tenant for a one-year lease term. We call this a “Procurement Fee.” This fee covers the efforts of initially marketing the property on the internet, showing your property as many times as it takes for a qualified tenant to apply, processing the application, signing the lease, and going through the initial management processes.
Who collects the rent? When do I get paid?
The tenant makes all payments to Relax Realty Group. The security deposits are maintained in one escrow account. All rents and other payments are deposited into a separate escrow account. We will deduct our management fee and any other expenses that have been authorized, then send the balance to you. We post statements to your portal by the fifth of each month (or the next business day thereafter) and issue the direct deposit (ACH) the same day. It usually takes two to four days for the ACH to reach your accounts. We can mail you a check with the statement if this is preferred.
What happens if the tenant doesn’t pay the rent?
In our lease, we give the tenant a five-day grace period to pay the rent on time. On the sixth of the month, we generate three-day notices and post them on the door of every individual who hasn’t paid. We will also contact the tenant and find out why the rent hasn’t been paid.
Most tenants will communicate if they are going to be late. If they are paying after the three-day notice period, they must sign an agreement to vacate should they not pay their rent as promised. If we still haven’t received the rent by the expiration of the three-day notice and haven’t received a signed agreement to vacate, depending on the particular circumstances with each tenant, we start filing eviction. As needed, we will go to court, arrange to get the “writ of possession” from the court and, if necessary, meet the sheriff at the property with a crew to remove the tenant and their possessions. Why the tenant can’t pay the rent is not really relevant. We can help tenants with legitimate problems find assistance from different charitable organizations, but we are retained by you to protect your interests. If the tenant can’t pay the rent, we need to find a new tenant that can.
What happens if the tenant has a maintenance problem?
The tenant contacts us to report all maintenance problems. We can be reached from 7:00AM—11:00PM, including on holidays. Our property managers rotate being “on call” so that someone is always available to handle emergencies. In the property management agreement, there is a “repair limit” which tells us when, based on the estimated cost of the repair, you want to be involved in handling a maintenance problem. For non-emergencies, we will either contact you first or handle the repair on your behalf, depending on the repair limit you set. You can choose a dollar limit of zero or some higher figure—whatever you’d prefer. Please note that this repair limit is based on non-emergency repairs. We will handle emergencies immediately, based on our judgment and experience, to protect your property from suffering any further damage. If we cannot reach you for your approval and it cannot wait (like AC in August), we will use our expertise and pick your best option while making sure the tenants have a habitable home.
How much do you charge to manage my property?
Our management fee is 10% of the rents collected.
Can I sell the property to the tenant?
Yes! If you (we) sell the property to a tenant that Relax Realty Group placed, our management agreement states that you will pay us 3% of the purchase price. After all, Relax Realty Group brought you the “buyer.” We will help prepare the contracts, arrange financing, and coordinate all of the tasks required to successfully close the sale. However, if Relax Realty Group did not place the tenant, then we don’t expect to get paid a sales commission if the tenant buys the house (unless you ask us to represent you and help with the transaction). You can list your property for sale with any broker at any time, and Relax Realty Group will help your realtor by coordinating the showings with the existing tenants. You will be asked prior to any lease renewal or tenant turnover if you wish to sell your home because this would be the perfect time for you to make a change and list your house for sale if you wish. Because of our reliable management skills, many of our clients are referred to us by local realtors in the area. We are advocates of theirs and will make it a smooth transaction for the tenants and buyers.
Does retaining a property management company mean I won’t have any problems with my property?
No! If you own rental property then, no matter how good the company, you will have some issues arise. Whether they are related to maintaining the property or dealing with the tenant, there will be things that need to be resolved. Retaining Relax Realty Group to manage your property will eliminate some, but not all, potential problems. Our experience will help reduce potential issues and keep the costs to a minimum. We can’t stop all bad things from happening, but we can solve problems for you so that you don’t have to handle them yourself.
How long have you been in business?
Our experts have over 20 years of experience. Relax Realty Group itself opened its doors managing 110 properties in 2012. When we first started, a hedge fund came to us to exclusively place tenants in all of its investments, resulting in over 300 placements in 10 months. The hedge fund opened its own management division, which was the plan from the start, but this initial opportunity gave us a great start. We quickly became a well-respected management company in the area and gave investors confidence in our ability to handle portfolios.
We are now managing over 500 units in Sarasota and Manatee Counties. We specialize in handling owners that have multiple investment properties. We can help them gain better cash flow or tax write-offs, whichever their goal may be.
Areas We Serve
We can provide outstanding assistance to both tenants and owners alike. Consider calling (941) 923-7200 to learn more about what we do.
- Parrish, FL
- Venice, FL
- Osprey, FL
- Nokomis, FL
- Siesta Key, FL
- Lido Key, FL
- Lakewood Ranch, FL
- Bradenton, FL
- Palmetto, FL
- South Sarasota, FL
- Sarasota, FL
RELAX REALTY is a 5 star property management group. From the online portal system to their service to tenants is... read moreStuart Bailey3/23/2022
A great property management team. Professional and courteous. Take care of situations immediately. Very happy!Kat Wilkes3/02/2022
I worked with Miranda Miller on a repair for one of her clients in Sarasota. She has been nothing but... read moreJonathan Hutsell11/21/2021
Great company. Great people. Great service.Pete Skouras10/21/2021
Relax Realty are wonderful! They are caring, kind, and helpful in every way. They have been such a blessing to... read morecynthia gill10/21/2021
Great experience with Relax Realty GroupThey are determine to help you find your perfectNew 🏡 was very Satisfied & Happy... read moreKadesha Rahming10/21/2021
Relax manages 12 of our units and they do an amazing job. After a bad experience with a large corporate... read moreStefanie Overtuf10/21/2021
Wonderful business, our realtor Miranda is very responsive with any request and extremely professional!Darrell Logan10/21/2021
I wanted to congratulate you for having a very competent manager such as Joseline Machado for being a respectful but... read moreLuz Vimos10/21/2021
Relax manages 12 of our units and they do an amazing job. After a bad experience with a large corporate... read moreStefanie Overturf10/07/2021
My wife and I happened across Relax Realty (Jill Lyons) while searching to buy an investment property in Sarasota. We... read moreBrandon Clifton9/21/2021
Relax Realty Group is great to work with! Extremely helpful when we moved from out of state. We love... read moreTerry Culkin9/21/2021
Super pleasent encounters from the Office ladies, to the property managers and maintenance gentlemen. Would highly suggest picking Relax Realty... read moreAshlee Pogue9/21/2021
I have nothing but GOOD things to say about this company and specifically Mrs. Miller. Even during the pandemic all... read moreLin Es8/02/2021
I have nothing but GOOD things to say about this company and specifically Mrs. Miller. Even during the pandemic all... read moreLin Rodriguez7/28/2021
I have nothing but GOOD things to say about this company and specifically Mrs. Miller. Even during the pandemic all... read moreLINDA ES747/21/2021
Using Relax Realty as my property managing company has allowed me peace of mind. Renting your home isn’t the easiest... read moresusan dean6/21/2021
This company has been amazing! At such a young age they have made this process very easy without hassle. They... read moreBrianne Wilson6/21/2021
Very professionalBetty Harrison4/21/2021
Great company will work hard to get you into that got spot you've been looking forRob Powell4/21/2021
Ms jolesiy was very professional she worked with me and my family she was very helpful I'm excited to have... read moreSharne Turner4/21/2021
Hands down best experience I've had dealing with a realtor company.Kaylon Gregory3/21/2021
Relax Realty manages our rental property and does an amazing job. Jill and Miranda are both amazing!! I highly recommend.Trent Yoder3/21/2021
I have been a tenant of Relax Realty for the past year and I have found this property management company... read moreRenae Broach Custom Signs3/21/2021
I have been a tenant with Relax Realty for a little over 4 years now. The property managers are professional... read moreSigrid Stang3/21/2021
Everyone on the staff have been amazing since day one since I came and looked at my beautiful new townhouse!!... read moreCourtney Stephenson3/21/2021
I have to say Relax Realty has been a huge blessing to my family and I! We are a family... read moreKaitlyn Valentin-Rodriguez2/21/2021
I have been a tenant for two years at my current home and had have had recurring plumbing issues. Our... read moreCarla Polins2/21/2021
I've been with relax For 4 1/2 years qiuck response for repairs, office personel very friendly and helpful. I hope... read moreDavid Ridings2/21/2021
Our property manager does a great job. The app portfolio is easy to navigate and maintenance request are dispatched immediately👏👍Scott Runk2/21/2021
I've rented to them still am for 6 years now. I love them. I always recommend for people to... read moreEvelyn Cruz2/21/2021
I'm in my 2nd rental home with Relax Realty in a little over 3 yrs. My experience with the company... read moreBeck Lane2/21/2021
I am a single mom of one. I have been living in the same apartment for 10 years . This... read morenampeung keochinda2/21/2021
Relax Realty, specifically Miranda have been so helpful and understanding. They have always responded to my texts and emails. They’ve... read moreamber mickson2/21/2021
I have been working with Relax Realty for several years now. They help with all aspects of my rental properties,... read moreAmanda Mason2/21/2021
If you are looking for 24/7, consistently strong, trustworthy turnkey property management Relax Realty Group is that team.From Jill and... read moreMikey Hersom2/21/2021
Awesome people to rent through!! Been with them for 2 yrs!! Hopefully we'll be buying our first home through them☺️Danielle Dell2/21/2021
Very prompt in addressing any tenancy issues.Cecilia Ndungu12/21/2020
I’m an out of town investor that used Relax to manage an investment property in Sarasota and can only say... read moreNicholas Spahr12/21/2020
Joleisy is one of a kind!! Our family needed something fast and she was able to not only deliver, but... read moreFlorida CannaCouple12/21/2020
I went thru joleisy it was a quick and fast process glad she was able to help me with getting... read moreShaquella Haynes12/21/2020
We have been tenants of Relax Realty for about 5 years now and we could not ask for a better,... read moreKaitlin Glover12/21/2020
Had great help from Miranda with finding a place for me to live while schooling in Florida. Response times are... read moreAlexandria Siah12/21/2019
Very professional company that not only cares about the owners they work with but also making sure the needs of... read moreCraig Noyes12/21/2019
Joleisy is one of relax realty’s best agents. I always know I can count on her for any utility issues... read moreJerrod Warnock12/21/2019
Fantastic Experience! They go above and beyond to make sure all your need are met. I contacted them for a... read moreMagic Beats12/21/2019
They have help me out a lot, Miranda is great,whenever I need something she right there to help.Thank you for... read moreAngelaJo Riddle12/21/2019
Joleisy is awesome. She got me into a crib and the maintenance team are awesome as well. Any problems they... read moreAlfred Jimenez12/21/2019
Thank you so much for all you did for us! Very kind and helpful!!! Everything was taken care of as... read moreJennifer Swezy12/21/2019
Relax Realty Group has been a pleasure to work with, very professional & prompt. I would highly recommend anyone looking... read moreAlex Platt12/21/2019
I have been working with Joleisy and I appreciate her as my property manager. She has and continues to work... read moreAlicia Hautly12/21/2019
Joleisy Machado was such a pleasure to work with. Once we toured the property and met with Joleisy, it was... read moreMara Kerneklian12/21/2019
Miranda is outstanding landlord.hailey hardy12/21/2019
The maintenance which I requested was promptly done. I was notified by the team as to when they were coming... read moreVanessa Doucet12/21/2019
Easy process, stuff was very helpful and attentive. Apartament looks great and had no inconveniences.Great location to live!! I would... read moreSophia Coronado12/21/2019
Miranda is awesome. After moving in and getting settled she made sure that I was good. The maintenance team is... read moreAmanda Simmons12/21/2019
I highly recommend renting with relax realty. I went through Joleisy and the process went very smooth. I absolutely love... read moreAlex Karambelas12/21/2019
Relax Realty is great! Everyone is very friendly and they take great care of their tenants. I highly recommend... read moreRobert C Palmer JR12/21/2019
It's a loving place to live management and maintenance try and anyway to make it a clean nice place to liveTremakio Coney12/21/2019
I've lived in one of Relax Realty's units for almost 6 months and have been very happy with my place.... read moreJames Sweeney12/21/2019
The property manager is professional pleasant and was patient.glad i found relax realty.Mollie Connord12/21/2019
I have been a tenant with Relax Realty for 10 years and it has always been a great experience, prompt... read moreRachel kohl12/21/2019
I have had a rental with relax for almost 4 years and they are by far the best landlords. Anytime... read moredylan Dyer12/21/2019
The two years i have a tenant for relax reality have been great . joelacy my landlord has been an... read morePam Okeefe12/21/2019
Super easy realtor to work with! Fast at getting back to any questions you have. Made my moving process incredibly... read moreBrandie Bauer12/21/2019
Relax Realty Group has been a pleasure to work with! They got me into an adorable spotless one bedroom appartment.... read moreDonna W12/21/2019
We are renting the house with Relax 2 years plus. The maintenance always comes quick , management is working and... read moreVictoria Holmes12/21/2019
Relax Realty gave me hope for myself and my family. I am so grateful to have them as a landlord/property... read moreFrom DEATH To LIFE12/21/2019
Joleisy and the Relax Realty group made it super simple to get moved in and settled! Very friendly and informative.... read moreWalt Machado12/21/2019
This company, Miranda in particular, have been very responsive to the few problems that arose, quickly fixed and always in... read moreJim Buresch12/21/2019
Great communication a pleasure working with JoleisyCeasar Marley12/21/2019
Promptly responds to all calls.Vince T.12/21/2019
The employees here are so amazing Zee and Sandra are so sweet and helpful! Great faces to see in the office!Tiffany K12/21/2019
We loves Relax Reality Group. They work with us when it comes to paying rent. They also work with us... read moreTiffany Phillips12/21/2019
Great management company- I would highly recommend for investors small or large for ease of mind. They achieved better... read moreGabriel Reed12/21/2019
They made the leasing process very easy, and continue to impress with quick maintenance response. Would recommend!Ryan O'Malley12/21/2019
Excellent realtor to do business with, easy to work with and will work with you.James Dycus12/21/2019
Joleisy, Jull and the entire Relax are excellent to work with. They make transactions simple and provide service with a... read moreScott Harvey12/21/2019
So far they have resolved every issue I've come across surprisingly fast.Manaury Martínez12/21/2019
Posting for Patricia, Miranda and Devon are by far an exceptional team. Miranda and Relax Realty made the process of... read morePhillip Gilmore12/21/2019
Having a family, where you live is important, and how you are treated where you live is vital to comfort... read moreSarah Ravotto12/21/2019
I love Jill and her staff they realy are amazingNikki Thomas12/21/2019
I have rented from the Relax realty group for almost 7 years now and could not be more happy about... read moreCharles Dixon12/21/2019
My husband and I had the pleasure to work with Jill and her business partner. We had to make a... read moreJaclyn Younkman12/21/2019
Miranda is a true professional great doing business with her.Jeff Mercer12/21/2018
I have lived in one of their properties and they are just so good in responding to issues. Miranda is... read moreCecilia Ndungu2/16/2018
Jill Lyons and Relax Realty are amazing. She always works fast and hard for her clients and tenants. She is... read moreTammy Latchem12/21/2017
Relax Realty is a great company. Jill Lyons and her professional, caring staff are exceptional to work with. ... read moreJoshua Green12/21/2017
Very reliable and responsible business to work with.Lisa Croom Mc Beth12/21/2017
Jill has worked with me and my family for several years. She is very knowledgeable and always professional. ... read moreDr. Jason Walsh12/21/2017
Jill Lyons is really great to work with. She is very friendly, helpful and extremely knowledgeable.Tracy Traveling12/21/2016
Working with Jill Lyons at Relax Reality Group has proven to be highly effective for us as human beings and... read moreStacey Goes12/21/2016