Property Management

We are a full service brokerage and management company and believe in partnering with our clients to maximize the value of their investments by being proactive managers.

In addition to the services outlined below, we offer our clients a yearly evaluation of properties — including different options to add value, identify potential long term repairs, and exit strategies with tax deferred options.

These are the management services that we can offer:

Leasing

●  Prepare vacant units for showing

●  Find tenants and show vacant units, including advertising

●  Perform background, credit, financial and reference checks

●  Prepare and execute leases

●  Conduct move in and move out inspections

●  Provide weekly vacancy reports

Financial Reporting

●  Collection of monthly rents

●  Use of online property management software AppFolio for owners and tenants

●  Notices of late fees and failure to pay rent

●  Coordinate evictions with attorney (Attorney fees and evictions are additional)

●  Monthly and Yearly accounting statements, including creating and filing owner & vendor 1099s

Maintenance

●  Handle maintenance requests from tenants

●  Find vendors for any maintenance issues

●  Regular visits to property and alerting owners to any potential issues

●  Handle all inspection requests from local city housing authorities, Fire Department, including advance work to prepare the units for inspection

 

Our management fees for these services would be as follows:

●  1 month leasing fee per vacant unit leased

●  6-10% Management Fee per month or minimum of $XXX.00 per building, whichever is greater.

●  Minimum 1 year agreement

 

We would also require:

●  $1,000.00 rent reserve per property – payable upon execution of contract

●  $500.00 initiation fee per building to open brokers trust account, set up online payment services, set up owner account services, and set up tenants on online property management system

●  Agreement to open brokers trust account at First Century Bank

●  Deposit of new security deposits into brokers trust account

●  Fully executed property management agreement

 

Here is a recent webinar in which our team covered the ‘Best Practices in Property Management’

Properties We Manage