Services Offered
The following is a list of duties and services typically provided
to our
clients. Please consult with a
property manager for your specific type of property management
contract required.
Rental Property Assessment and Valuation
- Evaluate the property and determine an accurate rental rate.
- Perform detailed documentation of the interior and exterior
condition including photos.
- Offer recommendations on repairs and cosmetic improvements
that maximize income and attract qualified tenants.
- Discuss policies such as accepting pets, and allowing
smoking.
- Install a lock box.
- Market the property for rent using the most advanced
syndication and apartment listing system.
Leasing Preparation
- Clean unit and optimize interior appeal.
- Manicure landscaping to increase curb appeal.
- Create ads tailored to the property and audience.
- Work with realtors and leasing agents to find a qualified
tenant.
Application Processing
- Field calls from prospects for questions and viewings
- Interview prospective tenants before and after showings.
- Provide prospective tenants with rental applications that
are legally compliant with fair housing laws.
- Process applications for approval with deposit and fees.
Tenant Verification
- Perform a background check to verify identity, income,
credit history, rental history, etc.
- Produce a credit report with score and criminal record.
- Produce international tenant documentation.
- Inform tenants of acceptance or rejection.
Tenant Move-In
- Draw up RHA leasing agreement with all related forms
required by law.
- Organize and schedule 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 inspection with tenant and have tenants
sign a Condition Statement verifying the state of the property
prior to move-in.
- Collect rents and security deposit.
Financial Services
- Provide accounting property management services.
- Handle rent collection and distribution.
- Send reminders about late payments.
- Enforce late fees.
- Make payments on behalf of owner (Mortgage, insurance, HOA
dues, etc.)
- Detailed documentation of expenses via invoices and receipts
- Maintain all historical records (paid invoices, leases,
inspection reports, warranties, etc.)
- Provide monthly reporting, structured for tax purposes as
well as required tax documents.
- Advise owner on relevant tax deductions related to their
rental property.
- Provide easy to read monthly cash-flow statements which
offer a detailed breakdown of income and itemized expenses via
excel spreadsheet and via Google documents.
- Process payments directly to owner upon rent processing.
- Handling rent payments electronically for convenience.
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 an 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.
Outdoor Area Maintenance (Condo Associations)
- Leaf and snow removal.
- Landscaping.
- Removing trash and debris.
- Interior common area cleaning and maintenance on a weekly
schedule or need-based.
Project Management and Maintenance
- Maintain and monitor a 24 hour emergency repair hot-line.
- Handle tenant turnovers.
- Handle larger renovation or rehab projects including full
gutting of kitchens and baths.
- Handle building permits and inspections.
- 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.
- Provide full interior design services including drapery and
color design.
Tenant Move-Out and Vacancies
- 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 if needed.
- Put the property back on the market for rent.
The list above is not intended to be a comprehensive list of property
management services, nor the one that might fit your needs; but it should give you a fair idea of the scope
of our company's activities. For a free consultation and estimate please
contact us.