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La Carte Property Management Services (more A La Carte Services listed below)
We will eject a non-compliant tenant from your investment home.
We can represent You in Court to evict Tenants who are non-compliant with the Terms of a Rental Agreement. In North Carolina it takes up to 45 days to eject Tenants. Most of the time it takes around 25 to 30 days to eject Tenants who are non-compliant with the Lease Terms. Call for our flat fee price.
We will find a tenant to rent your Investment Home. We take professional pictures of your home, write advertisements and widely market your Home to prospective Tenants. We advertise
your home on approximately 30 websites and the Multiple Listing Service (MLS). Our Marketing reaches prospective Tenants
all across the USA as well as outside the USA.
Typically, within a few hours of
marketing a competitively priced home we begin receiving inquiries
from potential tenants.
We process Applications then call you and review the Applicant data
with you and agree a. After you accept an Applicant we process the
lease, collect deposits, fees and rent.
Vacancy Costs = 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.
What will Your Home Rent for? We can help you determine the best price to ask for your Rental Home. Landlords ask "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 key indicators that hint at the 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 Rentals 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
Our A La Carte Property Management Services are listed below.
Choose only the Services you need from the List below.
**
Cost of labor, supplies and material are paid by the Owner.
1.
Manage Delinquent Accounts and Process Evictions
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Send Notice of Late Payment and Notice of 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 Home.
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Prepare and Submit Lock-Out Papers to Courts.
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Lock out Tenants with Sheriff Department assistance.
2. Acquire Tenants for Your Vacant Home
Advertise and Market the Rental 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 via Multiple Listing Service (MLS)
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Market the Rental Home on the Internet. We advertise on about 30 web sites.
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Respond to inquiries and provide information to Prospective Tenants
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Setup Appointments and Show Home to Prospective Tenants
Process Applications
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Run and Evaluate Credit Bureau Report
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Assess Applicant Qualifications
Sign, Seal and Deliver Lease to Tenants and Owners
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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
3. Assess the Home for Rental Readiness
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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.
Review Comparable Rental Homes
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Perform a market analysis and look at Comparable Units. This data can be used as a reference when establishing 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.
4. Repair Home and make ready for new Tenants
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Complete repairs, upgrades and maintenance, inside the home and around the lawn.
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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