Property Management Services
1. Property Marketing and Tenant Placement
- Rental Market Analysis: Assess the local rental market to determine competitive rental rates.
- Advertising and Marketing: Promote the property through online listings, social media, and traditional advertising methods.
- Tenant Screening: Conduct thorough background checks, including credit history, employment verification, and rental references.
- Lease Agreement Preparation: Draft and negotiate lease agreements in compliance with local laws.
2. Tenant Relations and Retention
- Tenant Communication: Serve as the primary point of contact for tenants, handling inquiries, requests, and concerns.
- Lease Renewals: Manage lease renewal processes, including negotiating terms and rent adjustments.
- Tenant Retention Programs: Implement strategies to encourage long-term tenancy, such as regular property maintenance.
3. Rent Collection and Financial Management
- Rent Collection: Ensure timely collection of rent payments and manage any late payment issues.
- Owner Disbursements: Tenant will directly deposit monthly rent to property owners through direct deposit or other preferred methods.
4. Property Maintenance and Repairs
- Routine Maintenance: Inspections for regular property maintenance, such as landscaping, HVAC servicing, and pest control.
- Emergency Repairs: Provide 24/7 emergency repair services to address urgent issues quickly. (must have a home warranty)
- Vendor Management: Work with a network of trusted contractors and vendors to ensure high-quality repairs.
- Property Inspections: Conduct regular property inspections to identify and address any potential issues.
5. Legal Compliance and Risk Management
- Lease Enforcement: Enforce lease terms and manage any legal issues related to tenancy, such as eviction proceedings if necessary.
- Regulatory Compliance: Ensure the property complies with all local, state, and federal regulations, including fair housing laws.
6. Vacancy Management
- Turnover Services: Manage the process of preparing a property for a new tenant, including cleaning, repairs, and re-keying locks.
- Marketing Vacancies: Actively market vacant properties to minimize downtime and ensure quick occupancy.
7. Owner Communication and Reporting
- Regular Updates: Provide property owners with regular updates on property performance, tenant issues, and market trends. (in needed basis )
- Consultation and Advice: Provide expert advice on property investment strategies, market conditions, and potential improvements to maximize rental income.
8. Tenant Move-In and Move-Out Services
- Move-In Coordination: Manage the move-in process, including conducting a walkthrough with the tenant and documenting the property’s condition.
- Move-Out Inspections: Conduct detailed move-out inspections to assess any damages and coordinate the return of the security deposit.
9. Property Improvement and Renovation Management
- Renovation Planning: Assist with planning and managing property renovations to enhance value and rental potential.
- Project Oversight: Supervise renovation projects, ensuring they are completed on time, within budget, and to the desired standard. (in needed basis)