Property Management Services

Owner Expenses:

• $500 upfront rental fee to handle all aspects and agent duties prior to tenant move-in.
• 10% Management fee per month - This amount will be deducted out of each monthly rent check.
• Quarterly pest treatments if deemed necessary (approx. $225/yr.)
• Advance of sums to cover estimate costs of repairs to the property.
• Any house repairs that may arise in excess of the above advance.
• General Public liability insurance with minimum coverage of $300,000.

Agent's Duties:

• Solicitation of tenants through advertising, sign displays, websites, etc.
• Tenant qualification to include: credit check, previous rental history, job verification, and overall application legitimacy.
• Negotiation and renewal of leases
• Institution of judicial actions to recover rents, evict tenants or settle/compromise actions.
• Collecting of all monthly rentals and giving receipts for the amounts collected.
• Annual reporting of repairs, rents collect and disbursement of funds.
• Liaison between tenant and owner concerning repairs or maintenance with the authority to repair, purchase supplies, or hire labor as may be necessary to complete repairs.
• To act and perform any duties conferred upon the owner as landlord of the property
• To extend lease beyond a year if possible with owner approval.