What does managing your property look like??

A quick list of bullet points that explain SOME of things we do when we manage your properties…

This does not include everything that we do and we are absolutely willing to explain any items. 

• $25 set up charge per door IF ALREADY RENTED  to cover the following: 
• Tracking down and gathering information on the specific unit and current tenants and gathering keys to units.
•  Data input. Setting up a tenant portal. 
• Tenant introduction and for those not on a lease sending out a new lease. 
• Those tenants already under a lease will get a new updated lease. 
• Training current tenants, from OLD management to the way our company does things to take care of the owner. 
• We receive 10% of the income (Unless it is a new tenant) and ½ Late fees
• What do we do for the $400 for a new tenant? 
• Move out accounting of old tenants. 
• Do a walkthrough with photos and notes to be shared with the owner online. 
• Schedule with maintenance for any repairs, consult with owner on any upgrades needed and any expensive repairs (ie: replace carpeting) .Schedule apartment cleaner to get unit 100% ready to go, Followup on unit to ensure that it is ready for move in. 
• Marketing/advertising.
• Accept and process applications.
• Accepting and processing applications: 
• Credit check 
• Verify income/ length of employment
• Social Media checkup 
• Background check (civil and criminal)
• Verify rental references
• Ways for tenants to pay: 
• Check, money order, cash, online payments (credit/debit card thru tenant portal)
• Ez pay with 5 different locations -locally Casey's gas station and Walmart

 bank drafts 

• Maintenance: 
• We have a full 5+ man maintenance team for painting, patching, minor repairs, etc. as well as close relationships with  licensed /insured plumbers, HVAC company, electricians and flooring companies. .
• Property inspections: Exterior and interior inspections quarterly. 
• Why would we evict/not renew a tenant?
•  Non payment, bad payment history, destroying property ,breaks lease terms.
• Steps involved with evictions/ non renewals? 
• Notices (mailed, hand delivered, text and emailed), follow up communication with tenant
• Start legal proceedings
• Meeting with our lawyer and going to court on owners behalf
• Raising rents, How often? 
• We communicate with the owner on their preferences, reassess when leases come up based on economy/ availability.
• What does the owner do?
•  Give pre approval of Maintenance work over $300 (unless it is an emergency)
•  Approve rental increases.
•  Receive monthly and yearly statements. 
• Sit back and collect a check.