8.5 % monthly collected rents + (account establishment of $500)
Property Marketing
Rental market assessment of the property (rental value)
Recommend improvements to property for optimal rent ($500 fee if we handle coordination of improvements)
Listing on 20+ high profile rental websites
Photos taken of property emphasizing all its’ features
In person showings to prospective tenants
Listings posted on company website
Regular updates to the owner throughout the leasing process
Property Leasing
Leasing the property out, and subsequent leasing is included with the full-time management service
Comprehensive tenant and pet screening through reputable sources
Rental application required by all adults over 18
Screen tenants for verified income, fico score, rental history, and background
Prepare lease agreement & required property disclosures once qualified
All forms used maintain full legal compliance with city, county, and state laws
All renters are required to maintain renters’ insurance as part of leasing
Collect and maintain security deposit and move-in funds
Extensive photos of property condition taken prior to tenant move-in
Coordinate utility transfer with tenants
Coordinate move-in and complete walk through with tenants
Management
Oversee on time rent collection by tenants
Handle tenant concerns and complaints regarding the property
Enforce terms of the lease with tenants and issue any verbal and written notices
Assign a “Account Manger’ to your property for direct and easy contact
Notify owners of needed maintenance to the property
Property inspection completed 90 to 120 days after move-in. Annual inspection completed upon all lease renewals
Initiate lease renewal and assess the opportunity for a rent increase
Stay updated on ever-changing laws to keep you fully protected
Serve a 3-day notice to pay or quit if rent not paid according to lease terms, start eviction proceedings with attorney (any court appearance on behalf of owner during the eviction process is $100 per appearance)
Accounting
Owner direct deposit of rental income (disbursed no later than the 10th of each month)
Online owner portal with 24/7 access to accounting, statements, and documents
Use industry leading property management accounting software (AppFolio)
Full time bookkeepers on staff
Online statements sent monthly & yearly to keep your records straight for tax purposes
Year-end financial report and 1099 for easy tax preparation
Tenant portal with ability make online payments
Security Deposit held in legal broker trust account per industry standards
Payment of HOA Dues, Mortgages, property taxes if requested owner
Property Maintenance
Tenants required to issue maintenance requests through online tenant portal
Property managers initiate and follow up on repairs
Established relationships with reliable & specialized maintenance vendors for better pricing
All vendors are required to have liability insurance workers comp, & licensing
Repairs that are over the limit set by Owners in the property management agreement will require permission in writing
We will work with your home warranty coverage on repairs if you have a home warranty policy for the property
Insurance claims are not considered “regular maintenance coordination”, will be billed for coordination of these repairs at an agreeable charge settled on by agent & owner before proceeding
