• Perform detailed documentation of the interior and exterior including photos
• Offer recommendations on repairs and cosmetic improvements that maximize monthly rent
• Gather data on rental rates in the area and work with owners to determine the optimal rental rate.

 

Market the property for rent

• Prepare home for rent
• Create ads tailored to the property and advertising medium

 

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
• Review lease guidelines with tenant regarding things like rental payment, terms, and required property maintenance
• Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move in

 

Rent Collection

• Receiving Rent
• Hunting down late payments
• Sending out pay or quit notices

 

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

 

Legal

• Refer owner to a qualified attorney when necessary for legal advise
• Understand an abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties

 

Financial

• 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 an easy to read monthly cash-flow statements which offer a detailed breakdown if income and itemized expenses

 

Maintenance, Repairs, and Remodeling

• 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 price
• Maintain and monitor a 24 hour 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 tenant moves out
• Provide tenant with a copy as well as estimated charges
• Return the balance of the security deposit to the tenant
• Forward any portion of the owner’s share to the owner or hold in owner’s reserve for repairs
• Clean unit and perform any needed repairs or upgrades
• Re-Key the locks
• Put property back on market for rent

 

Now that you know the services included, our monthly fees vary from 8.5-10% of the rent amount.