Property Management

What we can do for you as your Property Manager:

Evaluate the property and determine rent

• Provide recommendations on repairs and cosmetic improvements that maximize rent
• Maintain a list of preferred vendors and coordinate repairs
• Collect owner contribution/payments; online portal available
• Use of Rent Match, recently rented comparables, and other research tools to get competitive rent rates

Market the property for rent

• Ensure the home is clean and appealing
• Create ads tailored to the property and advertise on various websites 
• Work with other realtors and leasing agents to find a tenant
• Field calls from prospects for questions and meet for showings 
• Provide prospective tenants with online rental applications (fee of $25.00)

Tenant Screening and Selection

• Perform automated background check to verify identity, income, credit, criminal history
• Grade tenant according to pre-defined tenant criteria

Tenant Move In

• Write leasing agreement and confirm move in date with tenant
• Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance
• Ensure all agreements have been properly executed
• Perform move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
• Collect first month’s rent and security deposit (hold deposit in trust account)

Rent collection

• Receive monthly rent; online portal available
• Hunting down late payments, sending out delinquent notices, enforcing late fees

Evictions/Legal

• Filing relevant paperwork to initiate and complete an unlawful detainer action
• Representing owner in court
• Coordinating with law enforcement to remove tenant and tenants’ possessions from unit
• Refer owner to a qualified attorney when necessary
• Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties

Inspections

• Perform periodic inspections 
• Send owner periodic reports on the condition of the property

Financial

• Provide accounting property management services
• Send rental payments to owners; online portal available
• Provide monthly owner statements 
• Detailed documentation of expenses via invoices and receipts
• Maintain all historical records
• Provide tax documents including a 1099 form

Maintenance, Repairs, and Remodeling

• Provide and oversee maintenance and repairs 
• Establish a preventative maintenance policy to identify and deal with repair needs
• Assign jobs to different vendors based on who will do the best job for the lowest price
• Maintain outdoor areas if needed
• Larger renovation or rehab projects – obtain bids, provide cost to owner for approval

Tenant Move Out

• Inspect, provide tenant with estimated damage charges
• Deduct any charges and return the balance of the security deposit to the tenant
• Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves 
• Clean unit and perform any needed repairs or upgrades

Our Property Management Fees:

• Standard Property Management fee - Varies based on your portfolio
• 50% first month’s rent for tenant placement
• If tenant placement only (with lease document provided) fee is 70% of first month’s rent