Renting your property is a great way to make additional monthly rental income for yourself.
Are you familiar with what a property management company does?
See details of my 2 Property Management Services below
- Property Management
- Tenant Placement
And
10 Reasons to Consider using Sandra Tucker, Coldwell Banker Vanguard Realty Property Management when it comes to placing tenants in your property and managing your property for you.
Property Managment
In addition to the activities mentioned above we provide complete management services. We will arrange for all repair and maintenance services, we have an attorney prepare the rental agreement, collect the rent and take the appropriate legal action when rents are not received.
We conduct drive-by inspections and interior inspections to determine if the property is being cared for in the manner described in the lease; if we find the property or premises in an inferior
condition we will deliver notice to the tenant and follow up until any conditions are remedied.
For all of these services we charge a percentage of the first full month’s rent and then a monthly management fee for each remaining month of the lease.
Tenant Acquisition
We list your property for rent with our local Board of Realtors multiple listing program and co-broke to approximately 5,000 other real estate agents and property managers. In addition we list the property on several other websites with complete information and photographic tour.
We schedule appointments with prospective tenants who have been pre-qualified. When other agents show the property we follow up to obtain feedback on the showings. We provide our clients with periodic market analysis and show how the property compares to the competition.
When we secure a potential tenant we conduct a thorough background and credit check which we provide to our clients for approval. We will assist our clients through to the completion of the lease. For these services we charge a one time acquisition fee.
What it means to be a Member of the NARPM
NARPM® is the premiere professional association designed for real estate professionals who know first-hand the unique challenges of managing single-family and small residential properties.
NARPM® designations* are earned with a combination of property management experience, NARPM® and industry education, and service to the association through volunteer activities. You may have taken clock-hour courses to maintain your license. Imagine the gains when the courses are specifically focused on what you do as a property manager—and are being taught by a property management professional. Take it one step further and envision networking with other experienced property managers from across the country. Earning your NARPM® designation* will bring a whole new dimension to your daily tasks.
10 Reasons to Consider using Sandra Tucker, Coldwell Banker Vanguard Realty Property Management
So You Don't Have To Be The Bad Guy
70% of our property managers’ time is spent enforcing your lease and chasing down your rent. If imposing late fees, late night phone calls regarding noises, and sorting through excuses of why tenants didn’t pay their rent isn’t your idea of spending your nights after work, then you need a property manager.
Property Law and Regulation
Our property managers have extensive and up-to-date knowledge of property laws and regulations, and will assist you in making sure you are in compliance with your local, state, and federal rules and regulations. These rules and regulations include: complying with fair housing regulations, the Americans with Disabilities Act,
and other applicable local, state, and federal laws. Avoiding one lawsuit will pay for any property manager’s fees many times over.
If Your'e Not Handy
If you know you’re not handy around the house with leaks, squeaks, and clogs, you will spend more time than you think calling and coordinating maintenance requests. Coldwell Banker Property managers have approved vendors in place around the clock, that are licensed and insured. This convenience will save you time, money, and hassle.
Financial Records and Security Deposit Escrow
Coldwell Banker Vanguard property managers will provide detailed income and expense reports as well as cash statements every month saving you the bookkeeping headache. In addition, your property manager will also manage your security deposit escrow funds, make sure you are in compliance with local and state regulations, and provide you with an end-of-year tax report for your accountant or financial advisor.
Make More Money Doing Something Else
Dealing with your property will take time and energy away from your day job. Our property managers spend their days and nights dealing with all issues relating to rental real estate – do you? What if a tenant poses a question you don’t have the answer to, where do you turn next?
Low Cost
Property managers offer low cost monthly management fees.
Free Time
A good property manager will free up your time so that you can focus on other activities.
Tax Deduction
Fees paid to a licensed property manager are considered professional services and entirely tax deductible.
Knowledge of The Rental Market
Coldwell Banker Vanguard property managers have extensive local knowledge of rents and the ability to determine the highest rental rate possible for your property. With the internet and the ability to do large scale searches for rental properties, potential tenants know if your property is overpriced, even by $25. Overpriced properties sit empty while other properties get rented. Knowledge of rental rates is a key factor to fast rentals and quick cash flow.
Payment
Tenants are more likely to pay on time if one of our professionals is managing the property because systems are in place to collect rent, enforce late fees, post notices, and even report to credit bureaus or refer to collections.
