List of services
Market the property for rent
● Prepare home for rent
● Provide agent services for our clients to assist in getting their homes rented out.
● Field calls from prospects for questions and viewings
● Provide prospective tenants with rental applications that are legally compliant with fair housing laws
● Collection 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 predefined 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 the 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
● Hunting down late payments
● 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 tenant’s possessions from unit.
Legal
● Advise in the event of a legal dispute or litigation.
● Refer owner to a qualified attorney when necessary.
● Understand and abide by the latest local, state and federal legislation that applies 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 the owner periodic reports on the condition of the property.
Financial
● Provide accounting property management services.
● We do not offer paying mortgages or HOA’s on your behalf, nor do we offer servicing Home Warranties.
● 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.
● Advise the 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.
Maintenance, Repairs, and Remodeling
● Provide and oversee an third party 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.
● Maintain and monitor a 24-hour emergency repair hot-line
● Larger renovation or rehab projects
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.
● Rekey the locks.
● Put the property back on the market for rent with the help of an Agent of your choice.