Advertise in the MLS, other rental websites and office rental list.
Procure a suitable tenant at the rental rate agreed upon for a term of 12 months, unless otherwise agreed.
Pull credit report
Prior landlord verification
Potential tenants will check out keys, provide identification and view the vacant property unescorted. Any damages that may occur will be the Broker’s responsibility.
Provide maintenance/lawn care option to owner while property is vacant, at owner’s expense.
Conduct monthly drive by inspections while vacant and occupied.
Conduct mid-lease walk thru with pictures and report.
Collect rent on monthly basis.
Deposit rent in a separate escrow account.
Remit rent and statement to owner on a monthly basis, less the management fee.
Maintain a reserve of $300, withheld from first month’s rent.
Lease/Doc Prep fee of 50%, withheld from first month’s rent, 25% shared with a tenant’s agent. $150 fee for lease renewals.
Arrange for repairs/maintenance to be conducted and paid for from the reserve account. Amounts over $300 will need owner approval. Provide copies of receipts of work and photos.
Except for emergencies, and between tenant make-ready and repairs. Property Manager will use discretion for these expenses to bring the property to a rentable condition as quickly and affordable as possible.
Communicate with owner about the status of the property at all times.