WHY PROPERTY MANAGEMENT?

Instead of selling your home, consider RENTING it.

Whether you own one home, or several, it pays to use the services of EXPERIENCED PROFESSIONALS.

 Why consider a Property Manager?

The realities of maintaining and running a rental property can become overwhelming. To help you decide if a Property Manager is right for you, here are several reasons that could help you:

1. Collecting Rent Payments: Securing payments can sometimes be awkward. Property Managers have systems in place to effectively collect rent and maintain payments. A Property Manager also handles late payments, partial payments, no payments and eviction proceedings.

2. Housing Regulations and Property Law: There are applicable laws and regulations that Investors need to follow when renting and maintaining rental properties, including local, state and federal regulations along with fair housing regulations. A Property Manager can help you avoid lawsuits by keeping in compliance with these regulations.

3. Marketing/Advertising: Property Managers have experience in offline and online marketing which will increase the exposure of your property(ies) and help keep it rented with little vacancy.

4. Inspections: Caring for your rental propertyis critical to the maintenance of your investment. A Property Manager can find problems before the become expensive repairs with inspections before a tenant moves in, during their lease term and after the tenant vacates.

5. Tenants Placement: A Property Manager can research a potential tenants background, credit, employment verification and previous landlord references. Also, tenant disputes, conflict resolution and emergency maintenance goes through a Property Manager, involving you only when needed.

6. Legal Forms and Leasing Documents: There are many forms to protect both you and the tenant. Property Managers handle Lease Agreements, Crime-free Agreements, Lease Renewals and other necessary paperwork.

7. Maintenance/Repairs & Access to Professionals: Property Managers have relationships with maintenance workers, tradesmen, vendors, supplies and contractors. This saves you time and money when it comes to maintaining your property while ensuring quality work.

8. Fees: Property Managers charge a percentage of the monthly rental rate, usually 8%-10%. The cost is nominal compared to the services provided, which frees up your personal and professional time.

9. Rental Rates: Property Managers know rental rates for specific areas to ensure the property is priced right to attract tenants. 

10. Monthly and Yearly Statements:  Schreiner Realty generates statements showing the rental income, management fee deducted and maintenance costs. 

 

COSTS AND SUMMARY OF OUR SERVICES

 

-Administrative Fee to Set-up Account if property is NOT Rented: $300

· Administrative Fee to Set-Up Account if property IS Rented: $100

· Administrative Fee to Re-Rent/Market property when vacated by Tenant: $200

· Referral fee to Agent who places Tenant: $250

· Slush Fund/Repair Account initial deposit: $300

· Management Fee: 8%-10% of monthly rent

·· Tenants Screening by AAA Landlord Services-Credit, Employment, Rental History and Criminal Background Checks

· Collect rents, handle late fees, notices, evictions

· Rent sent to owner around the 10th of each month or as soon as funds clear

· Accounting Report every 6 months

· We have Contractors for Repairs

· We recommend Owner has Home Warranty on Property for ease of repairs

· Any Repair under $200 is handled without contacting Owner, or if an emergency. Repairs over $200 requires Owner’s approval.

· Maintenance Checks on Property

· Collect City Sales Tax and pay on behalf of owner

· Personal Service through us, no other parties involved.

 

Please contact us for more information.