Evaluate the property and determine an accurate rental rate

• Perform detailed documentation of the interior and exterior with photos

• Offer recommendations on repairs and cosmetic improvements that maximize monthly rent

• Compile data on current rental rates in the area to determine the optimal rental rate.

• Discuss the pros and cons of different policies such as accepting pets, allowing smoking etc.

• Install a lockbox

 

Market the property for rent

• Prepare home for rent

• Create a customized marketing campaign utilizing:

  • Signs

  • MLS

  • Fliers

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Evictions (additional cost will apply)

• Filing relevant paperwork to initiate eviction proceedings

• Representing owner in court

• Coordinating with law enforcement to remove tenant and all personal property

 

Legal

• Ensure compliance with all local, state and federal rental guidelines

 

  Inspections

• Perform periodic interior and exterior inspections.

• Send owner periodic property condition reports

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Tenant Screening and Selection

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

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Tenant Move In

• Prepare lease agreement

• Perform a move in inspection and have tenants sign a property condition report

• Collect first month’s rent and security deposit

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Rent collection

• Receiving rent

• Enforcing late fees

• Disbursing owner’s draw

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Financial

• Provide a detailed documentation of expenses and management fees

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

• Provide annual 1099 form

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Maintenance, Repairs, and Remodeling

• Identify and deal with repair as needs

• Assign jobs to handyman and professional contractors

• Get multiple independent bids for the work

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Tenant Move Out

• Inspect the property's condition when tenant(s) vacate

• Provide tenant with a copy as well as the estimated damages

• Disburse security deposit accordingly

• Re-key the locks

• Put the property back on the market for rent

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