We understand that property management encompasses a lot of different areas and you may have a few questions. Here are some questions that we have answered to help you make the right decision!
HOW ARE THE TENANTS SELECTED?
After tenants turn in a completed application, we verify rental history, employment, and obtain a credit report which includes credit and evictions.
DO I PAY FOR PROCESSING THE APPLICATION?
No. We obtain fees from the applicant before we process their application.
HOW ARE SECURITY DEPOSITS HANDLED?
Security despots are deposited into the trust account. They remain in the trust account unit until the tenant vacates the property. By LAW any security deposits money due to the tenant must be refunded within 21 days.
WHO PAYS FOR MAINTENANCE AND REPAIRS?
The owner is responsible for repairs and maintenance except when the tenant is responsible for the damage. Because we deal with many properties, we can normally contract repairs and maintenance at a considerable saving to you. We save you money whenever possible.
WHAT DETERMINES THE RENT FOR MY PROPERTY?
Ultimately the Rental Market. However, we use our marketing experience to optimize rent in accordance with your goals.
WHAT ARE MY GOALS AND OBJECTIVES?
Although it is true that the owner's goals vary, it is possible for your property supervisor to identify, categorize and prioritize them. Communication with your property supervisor about changes to these goals is important to the success of your investment.
ARE MANAGEMENT FEES TAX DEDUCTIBLE?
Yes, as a direct expense item.
DO YOU HAVE LEGAL SERVICE?
Yes, we maintain counsel which specializes in Real Estate Law.
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