Other Services

Evaluate the property and determine an accurate rental rate

• Perform detailed documentation of the interior and exterior including photos.
• Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.
• Gather data on rental rates in the area and work with owners to determine the optimal rental rate.
• Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.

Market the property for rent

• Prepare home for rent.
  • Clean home and optimize interior appeal.
  • Manicure landscaping to increase curb appeal.
• Create ads tailored to the property and advertising medium. Some of the mediums commonly used are:
  • Paid and free rental listing websites
  • Print publications
  • Signs
  • MLS
  • Fliers
• Work with other realtors and leasing agents to find a tenant.
• Field calls from prospects for questions and viewings.
• Meet prospective tenants for showings throughout the week and weekend.
• Provide prospective tenants with rental applications that are legally compliant with fair housing laws.
• Collect applications with application fee.

Tenant Screening and Selection

• Perform a background check to verify identity, income, credit history, rental history, etc.
• Grade tenant according to pre-defined tenant criteria.
• Inform tenants who were turned down.

Tenant Move In

• Draw up leasing agreement.
• 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 detailed 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.

Rent collection

• Receiving rent
• Sending out pay or quit notices.
• Enforcing late fees.

Evictions

• 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.

What We Charge

We charge 8 – 15% of actual gross monthly collection depending on property type.

• Single Family Residence | 10-15%
• Multi-Unit Building | 8-12%
• Furnished or Short-Term Lease | 20-30%
• Vacation Rental | 30%

Legal

• 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 (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.
• Send owner periodic reports on the condition of the property.

Financial

• Provide accounting property management services.
• Detailed documentation of expenses via invoices and receipts.
• Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.).
• Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form.
• Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses.

Maintenance, Repairs, and Remodeling

• Provide and oversee an in-house maintenance crew.
• Establish a preventative maintenance policy to identify and deal with repair needs.
• Provide a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
• Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
• Maintain outdoor areas
  • Leaf removal
  • Landscaping
  • Removing trash and debris
• Maintain and monitor an emergency repair hot-line.
  • Larger renovation or rehab projects
  • Provide recommendations on how the project can maximize rental income.
  • Prepare preliminary cost estimates.
  • Get multiple independent bids for the work.
  • Act as general contractor overseeing the work.

Tenant Move Out

• Inspect unit and fill out a report on the property’s condition when the client moves out
• Provide tenant with a copy as well as estimated damages.
• 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 for repairs.
• Clean unit and perform and needed repairs or upgrades.
• Re-key the locks.
• Put the property back on the market for rent.