Tenant Screening and Selection
Perform a background check to verify identity, income, credit history, rental history,etc.Request verification straight from employer and previous landlord.Grade tenant according to predefined tenant criteria.
Draw up a leasing agreement. Confirm move-in date with tenant. Review lease guidelines with tenant regarding things like rental payment terms and reqired property maintenance. Ensure all agreements have been properly executed. Give tenant move in condition form and receive it with in 5 days from the move in date. Collect first months rent and security deposit.
Receiving rent thought our 24/7 online portal, picking up rent, providing a dropbox and much more. Hunting down late payments. Sending out or posting three day notice. Enforcing late fees Filing relevant paperwork to initiate an eviction if the tenants do not make payment. Representing owner in court. Coordinating with law enforcement to remove tenant and tenants possessions from unit
Maintenance, Repairs, and Remodeling.
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. (Electrician, Roof contractors and AC companies will be insured). Maintain and monitor a 24/7 hour emergency repair. Provide recommendations on how the project can maximize rental income. Get multiple independent bids for the work and stay within the deposit. Act as general contractor overseeing the work.
Tenant Move Out
Inspect unit and fill out a report on he property's condition when the client moves out. Provide tenant with a copy as well as estimated damages. Mail 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. Put the property back on the market for rent.
Provide accounting property management services. Make payments on behalf of owner (Mortgage, insurance, HOA dues, utilities etc.) 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 easy to read monthly Rental Income statements which offer a detailed breakdown of income and itemized expenses
Refer owner to a qualified attorney when necessary.
Perform quarterly inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.