RIQ - WINTER 2020

Presented by Suncoast Property Management & S I Homes





Realty InvestoRs
















Winter 2020




















































New Year florida’s dealiNg with

CaleNdar of homebuildiNg teNaNts
with
eveNts growth disabilities

Page 11 Page 6 Page 14



Sharing Knowledge with real eState inveStorS

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Business ProjeCted


to douBle in 2020



our family of companies is
expanding. our properties Publisher
under management are set to Charles Zitsman
double in 2020, and our new
construction build to rent units Associate Publishers
will more than double as well. Carter Funk
With the owners focused on
new business development, Content Coordinator
we needed strong, proven Meeka Cook
leadership to guide us through
this period of rapid growth. Any content, articles, advertising,
As luck would have it, a good or any other submitted materials
friend and long-time associate are not necessarily endorsed by or
Carter and Chris Funk, owners represent the views of Suncoast
was available to answer the call.
Property Management (ScP) or
Estate Publishing (EP). ScP or EP
Introducing our New Chief Operating Officer, Chip shall not be responsible for the
Bifano. reliability, suitability or timeliness of
any content submitted. All content
For more than 30 years, Chip bifano has a proven success is done so at the sole discretion of
record of a corporate executive in business development, the submitting party. 04-0120
management leadership, and mentoring. Specific areas © 2020 Estate Publishing.
of expertise are construction, insurance restoration, and All Rights Reserved.
franchising. Chip has been brought on as the Chief operating Contact: [email protected]
Officer of the Funk family of companies, comprised of; Southern Ph#: 904-377-5725
Impression Homes, Suncoast Property Management, and
Suncoast beach Vacations.
TAblE oF
Prior to joining us, Chip was president of a north American
commercial restoration and general contracting company. Contents
He also held the position of president for an international
organization of textile restoration specialists. He worked with
more than 150 franchised operators covering the united States, 5 ExPERT VEndoRS IndEx
Canada, and the united kingdom. during his time as president,
he guided the firm from a start-up to a $100 million company, FloRIdA IS A lEAdIng
with double- digit increases in sales during the first nine years. 6 HoMEbuIldIng MARkET
We owned two of those textile and electronics restoration In THE uS
franchises during that entire time and still operate them today.
We know how effective Chip is regarding managing business 11 CAlEndAR oF EVEnTS
growth and we are very excited to have him join our team.
PRoPERTy MAnAgER’S
Carter & Chris Funk 14 bAlAnCIng ACT WHEn
dISAbIlITIES ARE
InVolVEd





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exPert Vendors index



Category Company name Contact Phone #
A/C & Heating All Pro Heating & Air llC david "Shane" Adair 904-410-4800
Civil Engineering Matthews design group Stephanie Piagno 904-826-1334
Commercial banking Ameris bank Scott M Hall 904-421-3049
Commercial Realty broker Watson Commercial Realty Paul Capicchioni 904-421-7426
Electrician Empire Electric Rich & Michele Speaker 904-365-7777
Flooring House of Floors Jody A. Fusinatto 904-262-6989
Home Restoration PuroClean Wayne R. Terry 904-573-3566
Insurance Claims Advisor gold Star Adjusters Mark goldwich 904-406-7232
Insurance Services A & b Insurance Agency Inc diane Tait 904-388-6446
legal Services northrup law PllC Jaime northrup 904-699-8686
Pest Control Zenpura Pest Solutions ken Maszy 904-257-0090
Plumbing & Septic Presto Plumbing Eric Forster 904-647-1820
Publishing & Printing Estate Publishing Chuck Zitsman 904-377-5725
Realty Investment & Mgmt. Suncoast Properties Carter Funk 904-517-5939
Roofing Turnkey Roofing John Wannamaker 904-900-1069
Title Services Sunshine Title Corporation Joseph M danese 904-732-9394


The businesses above are recommended based on experience with their quality of work and
dedication to customer satisfaction. Their work is not being warranted or guaranteed by the
principles involved in this publication.

























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FloridA is A leAding


HomeBuilding mArket in tHe us



by Southern Impression Homes, llC
Multiple recent reports and are respectively far behind with continued demand for new
surveys list Florida as one of fewer than 200,000 combined. housing, particularly in the
the most booming markets Houston and Dallas came in South and West.
for new home building. All of first and second in the number
Florida’s four metropolitan of permits, but they also saw A report by the Urban Land
areas, including Jacksonville, the most significant decrease Institute and PwC takes the
are on the top 20 list of most in the value of homes being same issues into much greater
new building permits for constructed. Housing starts detail. In addition to their
residential units, as reported by have continued to increase from research, they interviewed
Apartment Guide. The south the low of less than 600,000 in hundreds of real estate experts
is far and away in the lead for 2009. However, the 1.3 million in all aspects of the industry.
new housing permits with over housing starts in 2018 is not Their chart of top overall real
400,000 issued compared to anywhere near the high of 2.2 estate prospects and the top
under 200,000 in the West. million in 2005, leading into building prospects are updated
The Midwest and Northeast the bubble. Indicators support for 2019 and show similar
>>Cont’d on Page 8
















































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Contributed by Southern Impression Homes, llC




















































































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>>Cont’d from Page 6
results to the 2018 permit The report then does a sector In summary, real estate
data reported by Apartment analysis. Many of the results is a diverse and complex
Guide. Jacksonville comes are as you would expect. With collection of related but
in at 12 for homebuilding the expansion of fulfillment different markets. As the
prospects and 23 for real centers as companies hustle market expansion matures,
estate overall. They delve into to compete with Amazon, margins compress, and it is
trends, including increases in there is growth in warehouse essential to be positioned in
home rentals as opposed to and distribution centers the proper segments and to
homeownership and specific followed by multifamily be experienced, disciplined,
needs for housing designed housing, single-family and effective. If you do it right,
for the fastest growing buying housing, and office space. there is still a lot of profit to
group, millennials. This Hotels are weak and retail be made. Some quotes from
includes things like smart has the worst prospects on the article include, “Real
homes and the evolution the list. Although not separate estate will continue to perform.
of “hipsturbias,” housing categories, cell towers, and We don’t see oversupply
within walking distance from facilities to support the coming or over- leverage.” Another
downtown or employment of 5G are also in demand commented, “it is encouraging
centers, and features designed along with data centers to note that the biggest, most
to enhance wellness and the supporting the growth of cloud sophisticated developers are
living experience. computing. still active.”



















































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Contributed by Matthews Design Group















































































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CAlendAr oF


eVents





Business Events Fri., February 28
Every 4 Thursday Real Estate Lifestyle with
th
Monthly Real Estate Investor Chris Varnes
Networking Event @Beaver Street Enterprise
@The Salem Center – 7235 Center
Bonneval Road Receive a wholesale starter
We are a group of real package from hot real estate
estate entrepreneurs looking producer Chris Varnes.
to network and learn from Time: 6-8pm
one another in to do more Cost: Free
deals together and grow our
businesses. Thurs.-Sun., March 5-8
Time: 6:30-8:30pm Jacksonville Spring Home &
Cost: Free Patio Show
@Prime Osborn Convention
Thurs. January 16 Center
Monthly Real Estate Investor All the information you need in
Networking Event one place. Learn about home
@Ramada by Wyndham design, financial, mortgages,
Jacksonville Conference insurance, construction and
Center more.
This month, we’ll be learning Time: Th.-Fri., 11am-9pm, Sat.,
how to create long-term income 10am-9pm and Sun., 10am-
from rental properties. 6pm
Time: 5:30-9pm Cost: $12
Cost: Free
Social Events
Thurs. January 16 1st Wednesday
Impact Jax Presents: The Art Walk
State of Downtown @Downtown Jacksonville
@Jax Chamber – 3 More than 60 Art Walk venues
Independent Drive stretch across Downtown
Come on out and learn what is Jacksonville’s core and include
on the horizon for downtown. Hemming Park, galleries,
Time: 5:30-7pm museums, cultural and
Cost: $5 educational venues, restaurants,
bars, businesses and more.
Thurs.-Fri.-February 6-7 Time: 5-9pm
Jacksonville Landscape Cost: Free
Show
@Jacksonville Fairgrounds 2nd Tuesday
Get some tips on how to give Jax Beach Art Walk
curb appeal to your properties. @Jacksonville Beach
Time: 9am-3pm This family-friendly event takes
Cost: $10-$110 place in front of businesses
along 1st Street to Beach Blvd
Thurs., February 13 north to 5th Ave N. The Jax
Wholesale Off Market Beach Art Walk showcases
Rentals & Flips the talent of great local artists
@Ramada by Wyndham and the businesses in the
Jacksonville Conference community.
Center Time: 5-9pm
Get information from the pros
about rental investments. Thurs.-Sun., January 16-19
Time: 7-9pm St. Augustine Film Festival
Cost: Free @St. Augustine
The 10th Annual St. Augustine


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Film Festival features four days Marine Association will hold short Sun., February 8 winning music of John
of films from multiple countries seminars designed to get you out Jacksonville Food & Wine Williams played live to the
shown at several theaters within on the water and have fun. Festival film by the Jacksonville
walking distance of one another Time: Varies @Riverside Arts Market Symphony.
in St. Augustine’s historic Cost: $12 Features over 80 wines and Time: 3pm
district. more than 20 of Jacksonville’s Cost: Starting at $29
Time: Varies Sat., January 25 top restaurants. The event will
Cost: Varies Wine & Trucks be complmented by 40 plus Thurs.-Sun., February 13-16
@ Space 42 - 2670 Phyllis St. local vendors as well as five International Auto Show
Fri.- Sun., January 24- 26 Who says a bottle of wine can’t of the region’s hottest bands. @Prime Osborn Center
Annual Jacksonville Boat pair perfectly with casual eats? Time: noon-8pm The Jacksonville International
Show Edible Northeast Florida’s 2nd Cost: Free with VIP Auto Show is a place where
@Prime F. Osborn Convention annual community food and wine available-$60 auto enthusiasts, potential
Center festival will feature a ticketed buyers, and people who are
There will be a large variety of wine-tasting area and local food Sat.-Sun., February 8-9 looking for a fun day out can
boats on display - from skiing, truck fare, along with live music, Jacksonville Symphony come together.
fishing, cruisers, personal craft beer, and local vendors. presents Star Wars Time: Fri.-noon-9pm, Sat.-
watercraft and more! During Time: noon-6pm @Times Union Center 10am-9pm, Sun., 10am-6pm
the boat show, the Jacksonville Cost: $10-$45 Featuring the GRAMMY- Cost: $12































































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Fri., February 14
Jacksonville Symphony presents A
Romantic Valentines in Jacksonville
@Times Union Center
Bring your sweetheart out for a romantic
evening of classical music.
Time: 8pm
Cost: Starting at $19
Wed., February 26
Jacksonville Icemen vs. Norfolk Admirals
@Veterans Memorial Arena
Jacksonville’s hockey team promises to keep
you on the edge of your seat.
Time: 7pm
Cost: From $19

March 4-15
UniverSoul Circus
@TIAA Field
Excellent entertainment with a humanitarian
concept. Fun and heart for the entire family.
Time: Starting at $18
Cost: Varies daily
Tues., March 17
Michael Buble
Vystar Veterans Memorial Arena
As a seasoned performer, Bublé knows how to
balance light, joyful moments with the earnest
sincerity of his love-filled music, whether he’s
singing a ballad or a more upbeat pop song.
Time: 8pm
Cost: Starting at $65

Sat., March 28
Mad Hatters Festival
@Riverside Park
An arts and craft show with a festival vibe.
Time: noon-5pm
Cost: Free

Fri.-Sun., April 3-5
Springing the Blues Music Festival
@Seawalk Pavilion
Rock at the free, outdoor blues music festival
that celebrates America’s indigenous musical
form. The three-day oceanfront event features
national, regional and local blues artists on two
stages. Its energetic lineup, incomparable venue,
food court, artisan marketplace and kid’s area.
Time: Fri. 5-10pm, Sat. noon-10pm, Sun.
noon-8pm
Cost: Free and VIP available

Thurs., April 16
Jacksonville Jumbo Shrimp vs. Biloxi
Shuckers
@Baseball Grounds
It’s spring, and that means baseball season.
Bring your family out for an evening of All-
American entertainment.
Time: noon
Cost: $5-$18 Single tickets

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ProPerty mAnAger’s BAlAnCing


ACt WHen disABilities

Are inVolVed



by Sun Coast Property Management, llC


A property manager’s then everyone’s interests tenants with disabilities fall
primary objective is to are aligned. occasionally under the Fair Housing Act
maximize the return for a tenant will have habits of 1988, the Americans with
the properties under that are damaging to the disabilities Act of 1990, or,
their management. If property, and the situation in special instances involving
the property owners and is further complicated if the federal assistance (excluding
property managers share the tenant has a disability, and Section 8), the Rehabilitation
view that keeping tenants they are protected. Act of 1973. Two such
happy is in the owner’s situations are tenants
best interest and owners There are different rules with service animals and
are not cash- constrained for different situations, but tenants that are hoarders.
when repairs are required, typically protections for This is where your property

















































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SIhomesFL.com 14

manager should be able
to keep you in compliance
with the letter and intent of
the laws, treat tenants with
respect and dignity, and at
the same time, protect your
property.

let’s start with service
animals. Property owners
are free to set whatever
pet policies they want.
However, service animals
are not considered pets
and come under separate
rules. Service animals are
specially trained and licensed
for a disability. Property
managers are permitted
to verify the existence of
a disability and the animal
that has been prescribed.
They cannot delve into the
nature of the disability. The
situation becomes a bit more
complicated when companion
animals are involved. unlike
service animals, they are
not trained and licensed
to deal with a disability.
It is now much easier to
get a doctor to prescribe
a companion animal for a
patient. For example, many
dogs may relieve anxiety or
loneliness just by doing what
dogs do. While they do not
enjoy all the protections of
service animals, they are not
treated as pets and must
be accommodated in rental
situations. While it is difficult
to eliminate all abuse with
this more flexible designation,
property owners do have

>>Cont’d on Page 18


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>>Cont’d from Page 15

protections. First, they can verify that the
animals are properly immunized, then they
can evict if the animal poses a nuisance
or threat or does undue damage to the
property. And tenants are still liable for any
damage done by the animal.

Hoarders have a disability sometimes
associated with obsessive-compulsive
disorder (OCD); however, most hoarders ”‘’‡”–› ƒƒ‰‡‡– ˆ‘”
”‘’‡”–› ƒƒ‰‡‡– ˆ‘”
are not aware of their disease. A landlord
Š‘”–Ǧ ‡” ‡–ƒŽ•
or property manager must be able to Š‘”–Ǧ ‡” ‡–ƒŽ•
distinguish between a hoarder and a
collector or someone that is simply lazy ™‡”• ™‡”•
and lets clutter build up excessively due
• Competitive rates as low as 10%
to lack of cleaning effort. In most cases • Competitive rates as low as 10%
• Premier Partner Distribution to the Top
dealing with the situation is simply a • Premier Partner Distribution to the Top
matter of doing what is right. First, point World-wide Channel Partners for
World-wide Channel Partners for
out the problem in terms of damage being Booking Conversion
Booking Conversion
done to the property or unsafe situations • Proprietary Dynamic Pricing Tools to
• Proprietary Dynamic Pricing Tools to
created. Suggest specific remedies to Optimize Revenue
Optimize Revenue
be accomplished within specified times • Start-up Services including Design &
• Start-up Services including Design &
and recommend that the tenant seek Full Vacation Rental Furnishing and
Full Vacation Rental Furnishing and
professional help. Then follow up to see if Stock Stock

progress is made. document every step. • Monthly Reporting and Online Owner
• Monthly Reporting and Online Owner
Then if eviction is the only option, do it Portals Portals

because of the damage or threat to the • Renovation and Maintenance Services
property that was not addressed after • Renovation and Maintenance Services

the tenant was instructed to do so. not ‡ŽŽ • ‘—” ”‘’‡”–›

because the tenant is a hoarder. This can ‡ŽŽ • ‘—” ”‘’‡”–›
be things like an insect infestation due We want to buy your house or
We want to buy your house or
to garbage stacked in corners or possible vacation rental
air conditioning damage due to blocked vacation rental
air intakes and inability to access/change Fast Closing
Fast Closing
filters or safety violations because all exits Fair Market Value
Fair Market Value
are blocked. Cash Purchases
Cash Purchases
Any Condition
The bottom line is that you must make Any Condition
a reasonable effort to accommodate the
needs of the disabled person. “Reasonable”
is somewhat subjective, but the laws Contact us today!
Contact us today!
are fair. you are not expected to have [email protected]
your property ruined or sustain avoidable OR give us a call at (877) 56BEACH
[email protected]
economic loss, but you are expected to try
to find a mutually agreeable solution. OR give us a call at (877) 56BEACH

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Winter 2020