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Condo Property Management for Investors and Condo Owners

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Condo property management

A Condo Property Management Company for Unit Owners

Quick answer

What Does a Condo Property Manager Do for a Unit Owner?

A condo property manager runs your unit as a rental. It clears the association's tenant approval, enforces the lease and the building's rules, and coordinates every repair inside the unit from move-in to move-out.

  • Navigates the complex condo association tenant approval process.
  • Enforces lease terms while ensuring compliance with building rules.
  • Coordinates internal unit maintenance from move-in to move-out.

Condo Rental Management in South Florida

Renting out a condominium requires balancing traditional landlord duties with strict community association rules. We manage the entire lifecycle of your condo rental, ensuring your asset generates income while remaining fully compliant with the board's governing documents.

Step by step

How to Rent Out a Condo, Association Approval Included

Placing a tenant in a condominium involves extra administrative steps.

  1. Document Review

    We evaluate your condominium's governing documents for rental restrictions.

  2. Tenant Placement

    We market the unit and screen applicants to find a highly qualified resident.

  3. Association Approval

    We compile and submit the required application directly to the condo board.

  4. Lease Execution

    We finalize a contract that aligns with both Florida law and HOA bylaws.

Owner costs

HOA Fees, Special Assessments and Condo Insurance

Renting out a unit means tracking shared building expenses against your rental income.

Quick answer

Do Renters Pay HOA Fees When You Lease Your Condo?

No. The condo owner pays the HOA fees, and the rent is usually set to cover them. If an owner falls behind, Florida law lets the association demand the rent from the tenant until the debt is paid.

  • The property owner remains legally responsible for paying the HOA fees.
  • Rent amounts are typically calculated to cover these ongoing association costs.
  • Tenants are never billed directly by the association for monthly owner dues.
  • HOA fees

    Homeowner Association Dues

    The owner pays the monthly association dues directly from their rental revenue.

  • Special assessments

    Unexpected Building Repairs

    The owner covers emergency board levies for shared structural or roof fixes.

  • SIRS

    Structural Integrity Reserves

    The association uses owner dues to fund legally required building safety reserves.

  • HO-6

    Condo Landlord Insurance

    The owner must carry specific interior insurance separate from the master policy.

Condo investment

Is a Condo a Good Investment for Rental Income?

Condominiums offer a unique entry point for real estate investors seeking steady rental yields.

  • Lower Exterior Upkeep

    The association handles roof, pool, and landscaping maintenance, reducing owner stress.

  • Strong Tenant Demand

    Condos offer premium amenities that attract highly qualified, long-term renters.

  • Predictable Expenses

    Fixed monthly HOA fees make it easier to project your net operating income.

What can your condo rent for in today's market?

Get a free rent estimate
Our guarantees

90-day money-back guarantee: if you are not satisfied with our management in your first 90 days, we refund the management fees you paid for that period.

Our services
Free proposal

Get a Free Condo Property Management Proposal

Request your free condo management proposal and let us handle the association approvals today.

Want to know what the property can rent for first? Get a Rent Estimate.

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FAQs

Condo Property Management FAQs

Does Royalty Concierge Services manage condo units or associations?

We strictly manage individual condo units on behalf of owners who rent them out. We do not provide community association management services for condo boards.

How long does HOA approval take for a condo tenant?

While timelines vary by building, the HOA approval process typically takes between two to four weeks from the day the completed application is submitted to the board.

What is a special assessment on a condo, and who pays it?

A special assessment is an extra charge levied by the association for unexpected or major building repairs. The property owner, not the tenant, is responsible for paying it.

What does Florida's SIRS law require of condo buildings?

Under Florida Statute 718.112(2)(g), condo associations with buildings three habitable stories or higher must complete a Structural Integrity Reserve Study at least every 10 years to ensure they have adequate funds to repair critical building components.

Does a condo landlord need HO-6 insurance in Florida?

Yes, a condo landlord generally needs an HO-6 policy to protect the interior of their specific unit and cover liability, as the association's master policy only covers the exterior.

Which condo buildings need a Florida milestone inspection?

According to Florida Statute 553.899, condominium buildings that are three stories or taller must undergo a milestone structural inspection when they reach 30 years of age.

Can a Florida condo association restrict rentals?

Yes. Florida Statute 718.110(13) allows associations to amend their declarations to restrict rentals, though these amendments generally only apply to owners who consent or buy afterward.

How does Royalty Concierge Services handle the association approval?

We handle the approval file completely by reading the rules, running deep tenant screenings, compiling the application package, and submitting it directly to the board for you.