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 | | Free Offer Below Call or Contact Us for a Friendly No Obligation "Manage Your Home" Consultation. During the consultation we'll explain
the type of Services we offer, the cost, and provide some statistics about rentals in your property's neighborhood.
Download Mistakes Owners have made
What will Your Home Rent for? Landlords want to know "what will my home rent for"? Based on the Law of Supply and Demand, a home will rent for the amount Renters are willing to pay. There are four key indicators that hint at a price Renters may be willing to pay. Sometimes Renters are willing to pay more, or offer to pay less, than the key indicators suggest. Some of the key indicators are listed below. (1) Rentals Currently Available and Recently Rented in the Neighborhood (2) Curb and Walk Through appeal of the Home (3) Overall Condition of the Home (4) Location of the Home (5) The current balance of Supply and Demand in the Rental Market
How Do We Help You Manage Your Investment? Most importantly, we Listen to You so that we can Understand Your Goals and Needs. Next, review the list of Property Management Services and decide if you need Full Service or one of Our A La Carte Property Management Services. Vacancies, Repairs and Mistakes can cause be some of the most expensive mistakes an Owners makes. As a Professional Property Management Company we can help You avoid common and expensive mistakes.
Vacancy = Losses
Vacancies can be caused by a number of things:
(1) a tenant is ejected for non-payment or other reason; producing lost rental income and an expensive mess to cleanup;
(2) the home sits vacant, not producing income, while you spend money to clean and prepare it for the next tenant; (3) the home is priced higher than the market will pay;
(4) the home is clean and prepped for the next tenant and for seemingly no reason the home sits vacant and you're wondering why no one has rented it. When this happens you need expert help. Call The Real Estate People at 919-782-7827.
A home priced $55 above a competitive price can lose $1,447 and more over a 12 month period due to the vacancy rate caused by the higher price. For example, a rental home competitively priced at $1,275 produces $1,447 more income in one year than a similar home priced at $1,350 per month, if the higher priced home is only vacant 3 months. A longer vacancy produces higher losses.
A clean, well-maintained home that is competitively priced may rent 2 to 5 months sooner than a home non-competitively priced. The net result of a clean, well-maintained and competitively priced Rental Home is greater overall earnings. Price your home competitively, not cheap, to increase the overall income. Balance the monthly rental amount against a lengthy vacancy that can be caused by pricing too high.
We know how to manage a Home so that Tenants want to rent it. During certain times of the year demand for Rental Homes is low and a Home not properly managed can stay vacant for many months and produce a heavy financial burden for the Owner-Investor.
Many Rental Homes produce enough rent to pay the Mortgage, Property Taxes and Insurance. Owners typically bear the cost of minor and major Repairs and
Vacancies. Vacancies can be a very expensive part of owning Investment property but unlike Repairs, Vacancies can be controlled.
Our Full Service Property Management Includes
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Additional Fees Apply. Owner pays for all or some of the costs associated with this Service when
the Terms of the Lease do not obligate the Tenant to pay.
1.
CLEAN & PREPARE THE HOME FOR TENANTS
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Inspect the home inside and outside for rental readiness. The inspection includes the curb and walk-through appeal, cleanliness, repairs, maintenance and any changes that affect the safety or security of the Home.
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Provide a list of items that, if done, may reduce amount of time the home stays vacant.
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As requested and approved by the Owner, complete maintenance, repairs and other work.
2. REVIEW COMPARABLE RENTAL UNITS
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Perform a market analysis and look at Comparable Units. This data can be used as a reference when setting a monthly rent rate.
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Consider number of homes available on the market and in the neighborhood, current market demand for homes, typical number of days on the market and other parameters that affect time and price to rent.
3. ADVERTISE AND MARKET THE HOME
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Take pictures, Edit pictures and prepare for Uploading to the Internet
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Write Advertisements for the Home
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Market Your Property on the Internet. We advertise on about 30 web sites.
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Market via Multiple Listing Service (MLS)
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Respond to inquiries and provide information to Prospective Tenants
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Setup Appointments and Show to Prospective Tenants
4. PROCESS & EVALUATE APPLICATIONS
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Process and Evaluate Applications
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Run and Evaluate Credit Bureau Report
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Assess Applicant Qualifications
5. PROCESS LEASE & ARRANGE MOVE-IN
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Write Legally Enforceable Lease and Review with Tenants. Get all required signatures
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Collect Pre-Move-In Payments from Tenant (rent, deposit, fees)
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Provide tenant with Contact Information for Utilities and other Services, Keys, Covenants, Garage Door
Openers, Pool Passes and any other Information needed
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Inspect home just prior to tenant move in and complete a Move in Inspection Sheet. The Move-In Inspection
Sheet is used as a basis for determining money, if any, the Tenant is to pay after moving out.
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Provide copy of lease contract and agreements to Owner
6. MANAGE PROPERTY
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Collect Rent
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Disperse rent collected to Owner
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Prepare monthly Statements and send to Owner
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Prepare Annual Statements and send to Owner
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Receive and Respond to Tenant Inquiries, Complaints, Requests for Repairs, Maintenance and
Improvements.
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Report Service Calls to Owners as agreed.
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Process Annual Lease Renewal and re-negotiate terms when appropriate
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Complete Repairs, Maintenance and Improvements per the terms of the Property Management
Contract Contract and additional work as requested by the Owner
7. MANAGE DELINQUENT ACCOUNTS
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Send Notice of Late Payment and Initiation of Eviction Process to Delinquent Tenants
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Prepare and Submit Eviction Papers to Court. Schedule Court Date. -
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Appear in Court before the Judge and request eviction of the Tenant and repossession of the
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Prepare and Submit Lock-Out Papers to Courts.
Lets Get Your Home Rented !
Send Us an Email Now or Enter Your contact Information and We'll Be in Touch Soon!
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