Create ads tailored to the property and advertising medium. Some of
the mediums commonly used are:
-
- Paid and free rental listing websites
- Virtual Tour On Every Home
- Eye Grabbing Sign To Peak Maximum Interest
- Multiple Listing Service For Over 10,000 agents to see in Carolina MLS
- Fliers on sign so prospective tenants can take your property info with them
- Work with other realtors and leasing agents to find a tenant
- Market to over 6,300 tenants in our private database of renters
- Field calls from prospects for questions and viewings
- Meet prospective tenants for showings throughout the week and weekend.
- Provide prospective tenants with rental applications that are legally compliant with fair housing laws
- Collection of applications, paystubs, rental history, employment verification, etc
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
- Confirm move in date with tenant
- Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance
- Ensure all agreements have been properly executed
- Give tenant disposable camera to verify condition if there are any issues that need to be noted & have tenants sign a report verifying the condition of the property within 7 days of move in or accept in as-is.
- Collect first months rent and security deposit
Rent collection
- Receiving rent
- Hunting down late payments
- Sending out pay or quit notices
- Enforcing late fees
Evictions
- Filing relevant paperwork to initiate and complete an unlawful detainer action
- Coordinating with Attorney for legal representation in court
- Coordinating with law enforcement to remove tenant and tenants possessions from unit
Legal
- Advise in the event of a legal dispute or litigation
- Refer owner to a qualified attorney when necessary
- Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.
Inspections
- Perform annual inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.
- Send owner periodic reports on the condition of the property
Financial
- Provide accounting property management services
- 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
- Advise owner on relevant tax deductions related to their rental property
- Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses
Maintenance, Repairs, and Remodeling
- Provide and oversee contractors for repair maintenance issues that arise
- 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.
- Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
- Maintain outdoor areas
- Leaf and snow removal
- Landscaping
- Removing trash and debris
- 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 client moves out
- Provide tenant with a copy as well as estimated damages
- Return 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
- Put the property back on the market for rent
