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Q: What needs to be done to my rental property?
A: The better condition your property is in, the better it will
show and attract a tenant for you. This means that the property
should
be clean, walls should be painted (a neutral color is best) if
they are dirty or marred, and things should be in good repair.
It is best
to have window coverings on the windows, such as blinds. Depending
on the time of the year, lawn care should be done during periods
of vacancy and prior to the new tenant moving in. Upon taking over
management, we will go through your property and make note of the
condition and what we would suggest being done.
Q: How will you find tenants and how long will it take?
A: Once we start management, a rental file is created. Your property
is added to our list of available properties. This list is distributed
weekly to our list of real estate companies and businesses that are
in constant search of rental properties for their clients or employees.
Your property is also listed on the internet and a newspaper ad is
placed. We can also put up a rental sign on the property to advertise
to the general public. The time of the year and the condition of the
property will determine how long it takes for your property to rent.
Generally, it takes up to one month to lease a property in good condition
during the spring and summer months.
Q: Can I say whom I want as tenants for my property?
A: You can specify whether or not you want tenants with pets. You cannot discriminate against any protected class under the federal
fair housing or local fair housing laws, such as saying you don't
want children or single people. Because of this, it is best that
you stay out of the selection process. We are professionals in
leasing and have specific criteria that every applicant has
to pass in order
to rent your property.
Q: When do I get my money each month?
A: Rents are due in our office on the first of each month. Our
leases specify that there is a five day grace period, on the
sixth of the
month a late fee is assessed. We will collect the rent, pay the
bills and then at the end of each month, provide you detailed
monthly statements
showing all the income and expenses for the month along with payment
of any excess funds. If you own a single family house, reports
are usually done between the 10th and 15th of the month.
Q: Who does the repairs on my property?
A: The tenants do have responsibility for some of the maintenance
on your property. They have to replace burnt out light bulbs, change
furnace filters, and change batteries in the smoke detectors. Tenants
are usually responsible for the lawn care unless they are in a multi-unit
property, one that has a homeowners association with that responsibility,
or owner provided gardening service. When repairs need to be done
outside the scope of the tenant's responsibility, one of our in-house
maintenance technicians or one of our sub-contractors handle the
job. Anyone doing maintenance on your property is selectively screened
and insured for liability and workers compensation to protect you
from unnecessary exposure. Our workers are available for your property
maintenance needs 24 hours a day and their work is guaranteed. Because
of the volume of work we do with them, we usually get lower rates
than you would get if you called them directly. We generally have
a $200 spending limit and try to notify the owners of any “out
of the ordinary” expenses as soon as possible.
Still have questions or comments? E-Mail Us!
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