• 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. Rent research will vary but should include looking at market comparables according to size, type, and location.

• Discuss with owners the pros and cons of implementing different policies such as accepting pets, permitting smoking, etc.

• Prepare rental home for occupancy

  • Clean home and optimize interior appeal

  • Ensure proper functioning of major appliances

  • Manicure landscaping to increase curb appeal

• Create ads tailored to the property and advertising media. Some of the media commonly used are:

  • Paid and free rental listing websites

  • Print publications/fliers

  • Signs

  • Social Media

  • Listing each property on our company website

• Form partnerships with local realtors to assist in finding lessees.

• Field calls from prospects for questions and viewings 5 or 6 days per week

• Provide property tours to prospects

• Provide prospective residents with rental applications that are legally compliant with fair housing laws

• Collection of applications with application fee

• Perform a background check to verify identity, income, credit and rental history, etc.

• Rate prospective resident according to pre-defined resident criteria

• Inform applicants who are declined by certified letter and/or personal phone call

• Draft leasing agreements

• Confirm move-in date and other specifics with future resident

• Review lease guidelines with resident regarding specifics such as rental payment terms, late fees, lease termination and other applicable addenda, and required property maintenance

• Ensure all agreements have been properly executed

• Perform detailed move-in inspection with resident(s) and have resident(s) sign a document verifying the condition of the property prior to move-in

• Collect first month’s rent and security deposit

• Receiving rent

• Collecting late payments

• Sending out pay or quit notices

• Enforcing late fees

• Filing relevant paperwork to initiate eviction

• Representing owner in court

• Coordinating with law enforcement to remove resident and resident’s possessions from unit if eviction/judgment results in non-compliance

• Ensure compliance with Fair Housing Guidelines to avoid litigation

• Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties

• Provide accounting property management services

• Make payments on behalf of owner (Standard Operating Expenses)

• Detailed documentation of expenses via invoices and receipts

• Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)

• Provide monthly, quarterly and annual reporting.

• Provide easy to read financial statements that offer a detailed breakdown of income and itemized expenses

• Utilize a preventative maintenance system to identify and address repair needs

• Assign jobs utilizing a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and reputable work that is up to code

• Maintain outdoor areas of vacant homes

  • Leaf and snow removal

  • Landscaping

  • Removing trash and debris

• Maintain and monitor maintenance requests

• 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

• Inspect unit and fill out a report on the property’s condition when the resident moves out

• Provide resident with a copy of the move-out statement with documentation of any estimated damages

• Return the balance of the security deposit to the resident

• Clean unit and perform any needed repairs or upgrades

• Re-key the locks

• Put the property back on the market for rent

• Comprehensive budgeting

• Helping investors achieve maximum ROI

• Provision of tools and policies to keep your community operating smoothly

*Please note we are currently offering management services to multi housing communities with a maximum of 48 units.

If that’s you, contact us today and see how you can have the benefits of an investment property…without the headaches!