Mgt Detail

Detail of OUR SERVICES:

We will evaluate your property and determine an accurate rental rate:

  • Perform detailed photo documentation of the interior and exterior, with a report.
  • Offer recommendations on repairs and cosmetic improvements that maximize rent and a good ROI.
  • Gather data on rental rates in the area and work with you to determine the optimal rental rate.
  • Discuss with you the pros and cons of different policies such as accepting pets, smoking etc.
  • Install a lock box, optional.

WHAT WE DO FOR OWNERS –

  • Hire someone to clean, paint, or make repairs as needed. 
  • Advertise, take rental calls, and show the property
  • Screen all applicants professionally looking at criminal, civil and other background checks for crimes and past evictions. Screen regarding former landlord and place of employment.
  • Execute a rental agreement, with necessary addendums.
  • Provide an online account for all owners, with 24/7 access to review payment history, documents and notes from us to owners, automated electronic payment to owners!
  • Provide EFT “Bill Pay” options for all tenants.
  • Provide a Full Maintenance & 24-Hour Emergency service for owners & tenants.
  • Fill out move-in inspection report with photos.
  • Collect all funds including tenant deposit money to put in a Trust Account.
  • Protect owner from tenants having access to have your contact information.
  • Deal with tenants if they do not pay the rent on time.
  • Issue 3-day and other legal notices and we work with a professional Eviction Service to aggressively deal with late payers.
  • Deal with tenants to take better care of the property and to keep it clean in general.
  • Collect NSF checks and work with collection agencies as needed.
  • Schedule and fill out the move-out inspection report, to compare with the move-in report.
  • Mail tenants accounting report and refund check upon termination.

A Professional Property Manager is an Asset

The RealtyNetWorth.com host company is a Professional Property Management Company, dedicated to selecting quality tenants and keeping your investment in good repair with minimal cost. We want your real estate investment to be profitable and successful.


WHAT WE WILL DO:

We will act as your agent and work in your best interest in the management of property. This section will explain our management process of how we lease and manage your rental property. The following is an outline of some of the benefits and services that you can expect from us automatically:

1. Place a “For Rent” sign on your property!

2. Options to list your rental property with it’s very own website, plus listing on the Northwest MLS, Craigslist, Postlets, Trulia, Zillow and on up to 13 different websites, we are Nationally Syndicated.

3. Notify potential local users of the availability of your home or complex.

4. Use a professional screening service to sort out the good tenants from the bad, this may include but is not limited to the following…….  (fee is paid by the applicant)

A. An eviction search of public records and tenant history to ensure that the
applicant has not been  evicted within the last seven years.

      B. Verify former landlords references with phone calls to past landlords to check
payment history, and calls to employers to ensure job status.

       C. Verify employment or income.

       D. Criminal records search.

       E. Drive by inspection of their current residence is optional, if screener feels it is needed.

5. Usage of “Letters to Tenants” which outline their responsibilities in regards to maintenance needs of the rental, cautions and reminders.

6. We have random unscheduled drive-by inspections of all properties either monthly or as deemed needed by the landlord, plus a free annual physical inspection of the inside and outside of the rental property. Along with photos this full report will be emailed to owners. – Note: during random inspections, if we notice anything out of the ordinary or unkempt….we will knock on the door or do an immediate inspection.

7. We arrange for landscaping services for those owners who wish to have top care for their yards or who have strict HOA rules which requires such cost. Otherwise we expect tenants to do all yard maintenance on single family homes. We provide yard cleanup and/or landscaping services for multi-family residences greater than a duplex, at a minimal cost to owners.

8. We survey and recommend to owners yearly spring and winter prep needs, which include winter freeze protection for pipes and outside water faucets.

9. Basic and extended maintenance plus remodeling when required is offered to all owners at our discounted prices which we negotiate with Licensed Bonded Contractors and handymen.

10. We will give the applicant possession of your home and execute the lease agreement after the screening process has been completed and they have paid the required fee.

11. We will conduct a “Move-In” property inspection and notate the findings on the inspection sheets

12. You will be notified by our company that your property has been leased quickly upon receipt of funds and an executed lease contract.

13. Lock change on the home each time it is vacated. No charge if and when Kwickset Smart-Key locks are present on the rental. We use & install Smart Key!  http://www.kwikset.com/SmartSecurity/Re-Key-Technology.aspx

Lease Expiration

  • We attempt to renew the tenants lease for another year with rent adjustments where appropriate.
  • Should the current tenant decides not to renew the lease and vacate the property, we may go month to month, or place our “For Rent” sign on the premises and begin showing the property again, depending on circumstances and how good the tenant is. Our goal is to have no vacancy.

Property Inspections

We will conduct the following property inspections on your property:

  • We are pro-active with added inspections when your property is vacant
  • “Move-In” inspection report is conducted with the new tenants prior to their moving in
  • Contact is made with the new tenants to make sure that all is well with the house after move in and to go over their “Check in” sheet.
  • “Move-Out” inspection and documented report of the condition of property is filled out.

Collections and Delinquencies

Timing is crucial when it comes to rent collections. To avoid any misunderstandings, our policy regarding delinquencies is brought to the new tenants attention. Late charges are strictly imposed to avoid any delinquencies. Our policies are as follows:

  • Rents are to be collected on the first of each month
  • A 3-Day Notice to Pay or Vacate notice is given to the tenant on the fourth day of the month. This is the start of the eviction process.
  • If the tenant fails to make their payment after receiving the 3-Day Notice to Pay or Vacate notice, we will continue to the next step of the eviction process with the help of a service that specializes in evictions. You will receive updates of the progress.
  • We follow through with the process until eviction of the tenants with Sheriffs Department.

Accounting

  • Rental payment check and the monthly statement will be mailed to you as soon as tenants check clears.
  • A monthly report, as well as an annual report, of your income and expenses of your property will be sent to you.
  • Mortgage payments and/or homeowners association payments will be mailed if you instructed us to do so.
  • In the last month of your tenants lease, we will hold additional funds in your trust account to protect you by insuring that adequate funds are available to make your rental “rent-ready”.

MAINTENANCE AND REPAIRS

All tenants are required to submit all maintenance requests in writing. However, in order to preserve the value of your property and maintain a positive relationship with the tenants, the home must be properly maintained.

A. You can expect that we will not do any repairs to your property in excess of amount agreed upon without first obtaining your approval.

NOTE: This excludes emergencies and repairs that are required by law.

  • In order to improve the property rent-ability to prospective renters, we will maintain the property (example: mow lawn and weed, clean the house, shampoo the rug, repairs, utilities, and paint when necessary). In the event that any of these repairs were caused by the former tenants, you can expect that we will use the security deposit of the renter to restore its pre-rented condition.
  • Minor maintenance and repairs requested by rental applicants to secure a lease will be performed no more than the amount agreed upon.
  • We will institute maintenance and repairs when deemed necessary for the preservation of your property, safety, and security of tenants and/or the continuation of the residents tenancy.
  • We will use only qualified repairmen and tradesmen to handle the type of work being performed on your property.
  • Copies of the original invoices of all repairs done are available.

What you need to know about our company –

The owner has been in the property management field for over 30 years.

He is a Licensed Real Estate Broker, principle at the brokerage host of RealtyNetWorth.com, knowledgeable with building codes and home maintenance & repairs as well as Landlord Tenant Law.

He has expertise and a degree in accounting, licensed real estate broker in MI & FL, has completed many transactions, worked with many tenants, built homes, rehabbed properties, completed thousands of tax returns and formerly held a MI builder license.

We take pride in offering management of single-family and multi-family units. We want to make sure that the homes we maintain are in the best shape they possibly can be. All in house maintenance performed is managed and supervised.

We understand how difficult and stressful moving can be and what a burden it can add to your finances having to maintain a 2nd home. Our commitment is to rent the home as quickly as possible with good quality renters who will take care of the property and value it like you have.

We strive to have good personal relationships with our clients and tenants.

We offer assistance in finding the right rental properties for you and assist in the sale of properties. As a real estate broker / agent, I come in contact with many people looking either to buy or rent.


Hours of Operation:  M-F 9am to 5pm

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