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 monthly income (Unless it is a new tenant)
- Placing a new tenant (NOT the renewal of a current tenant...the charge is $400
- What do we do for the $400 placement commission 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... We DO NOT charge extra for 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.
- Long standing relationships with licensed /insured plumbers, HVAC company, electricians and flooring companies.
- We do a considerable amount of business with these professions and pass on the discounts and "Pushed to the front of the line" benefits to you.
- 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
- Placing open accounts with a collection company
- 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)
- Have access to their Owner portal : On-demand access to property data, documents and Monthly Owner packets
- Approve rental increases.
- Receive monthly and yearly statements.
- Sit back and collect a check.