Our Management Services
Evaluating the Property and Determining an Accurate Rental Rate
Detailed Documentation
- Gather and document comprehensive interior and exterior photos of the property.
- Provide detailed descriptions of each room, including square footage, amenities, and condition.
- Highlight unique features and selling points of the property.
Recommendations for Improvements
- Offer specific recommendations for repairs and cosmetic improvements that will maximize monthly rent while providing a good return on investment (ROI).
- Prioritize repairs that address safety and maintenance issues.
- Suggest upgrades that enhance the property's aesthetics and functionality.
Rental Rate Research
- Conduct thorough research on rental rates in the area.
- Collect data on recently rented properties of similar size, type, and location.
- Analyze market trends and vacancy rates to determine the optimal rental rate.
Discussion with Owners
- Discuss with the owners the pros and cons of different rental policies, such as accepting pets, allowing smoking, and setting security deposit amounts.
- Present the owners with a range of potential rental rates and explain the factors that influence the recommended rate.
Installation of a Lock Box
- Install a lock box on the property to allow prospective residents and agents to view the interior at convenient times.
- Provide clear instructions on how to access the lockbox and ensure the security of the property.
Marketing the Property for Rent
Preparing the Home for Rent
- Clean and optimize the interior appeal of the property.
- Address any minor repairs or maintenance issues.
- Manicure the landscaping to increase curb appeal.
Creating Ads
- Develop targeted ads tailored to the property and the chosen advertising medium.
- Utilize a combination of paid and free rental listing websites, print publications, signs, MLS, and fliers to reach a wide audience.
Collaborating with Real Estate Professionals
- Work closely with other realtors and leasing agents to find a suitable resident.
- Establish a network of professionals and share listings to increase exposure.
Establishing a 24-hour Hotline
- Set up a dedicated 24-hour hotline where prospective residents can listen to detailed information about the property.
- Provide contact details and instructions on how to schedule viewings.
Fielding Calls and Inquiries
- Respond promptly to phone calls and inquiries from prospective residents.
- Answer questions, provide additional information, and schedule viewings.
Scheduling Showings
- Meet with prospective residents for showings throughout the week and weekend to accommodate their schedules.
- Ensure the property is well-presented and ready for viewing.
Providing Rental Applications
- Offer legally compliant rental applications that adhere to fair housing laws.
- Collect completed applications along with the required application fee.
resident Screening and Selection
Background Checks
- Perform thorough background checks on prospective residents to verify identity, income, credit history, rental history, and criminal records.
- Utilize a reliable resident screening service to streamline the process.
resident Grading
- Establish pre-defined resident criteria and grade applicants accordingly.
- Consider factors such as income stability, rental history, credit score, and references.
Notification of Denied Applications
- Inform residents who were not selected in a timely and professional manner.
- Provide a brief explanation for the denial without violating fair housing laws.
resident Move-In
1. Drafting the Lease Agreement
- Prepare a comprehensive lease agreement that outlines the terms and conditions of the tenancy
- Ensure the agreement complies with local and state laws.
2. Confirming Move-In Date
- Confirm the move-in date with the selected resident and coordinate the handover of keys.
3. Reviewing Lease Guidelines
- Review the lease guidelines with the resident, including rental payment terms, maintenance responsibilities, and house rules.
4. Executing the Agreement
- Ensure all parties have signed and executed the lease agreement and any additional documents.
5. Performing Move-In Inspection
- Conduct a detailed move-in inspection with the resident.
- Document the condition of the property and have the resident sign a report verifying the findings.
6. Collecting Rent and Security Deposit:
- Collect the first month's rent and security deposit as outlined in the lease agreement.
Drafting the Lease Agreement
- Prepare a comprehensive lease agreement that outlines the terms and conditions of the tenancy.
- Ensure the agreement complies with local and state laws.
Confirming Move-In
Date
- Confirm the move-in date with the selected resident and coordinate the handover of keys.
Reviewing Lease Guidelines
- Review the lease guidelines with the resident, including rental payment terms, maintenance responsibilities, and house rules.
Rent collection
- Receiving rent payments from residents on time and in full.
- Handling late payments by sending out reminders, imposing late fees, and taking legal action if necessary.
- Issuing pay or quit notices to residents who are behind on rent.
- Enforcing late fees and other penalties in accordance with the lease agreement.
Evictions
- Filing the necessary paperwork to initiate and complete an unlawful detainer action.
- Representing the owner in court during the eviction process.
- Coordinating with law enforcement to remove the resident and their belongings from the unit.
- Ensuring that the eviction is carried out in accordance with the law.
Legal
- Advising the owner on legal issues related to renting and maintaining rental properties.
- Referring the owner to a qualified attorney when necessary.
- Understanding and complying with all applicable local, state, and federal laws.
Inspections
- Performing regular inspections of the property, both inside and outside, to identify any maintenance needs, safety hazards, code violations, or lease violations.
- Sending the owner periodic reports on the condition of the property.
- Documenting all inspections with photographs and written reports.
Financial
- Providing accounting services to the owner, including tracking income and expenses, preparing financial statements, and paying bills.
- Making payments on behalf of the owner, such as mortgage, insurance, and property taxes.
- Maintaining detailed records of all financial transactions.
- Providing the owner with regular financial reports.
- Advising the owner on tax-related matters.
Maintenance, Repairs, and Remodeling
- Providing and overseeing an in-house maintenance crew.
- Establishing a preventative maintenance program to identify and address maintenance needs before they become major problems.
- Maintaining a network of licensed and insured contractors who can perform repairs and renovations.
- Assigning maintenance and repair tasks to the appropriate personnel.
- Maintaining outdoor areas, including mowing the lawn, removing snow, and landscaping.
- Responding to emergency repairs 24 hours a day, 7 days a week.
- Planning and overseeing larger renovation or rehab projects.
resident Move Out
- Inspecting the unit when the resident moves out and documenting the condition of the property.
- Providing the resident with a copy of the inspection report and an estimate of any damages.
- Returning the resident's security deposit, minus any deductions for damages.
- Cleaning the unit and making any necessary repairs or upgrades.
- Re-keying the locks and putting the property back on the market for rent.
New Investments Analysis
- Target available homes for sale that meet client criteria
- Analyze available home inventory for potential properties that target client investment strategy
- Acquire homes on behalf of interested client
- Updated Remodel homes for occupancy
Get In Touch With Us
Complete the form in its entirety to be connected with a qualified property manager who can assist you with all your property-related needs.
Get In Touch With Us
Complete the form in its entirety to be connected with a qualified property manager who can assist you with all your property-related needs.