The Most Common Questions
How do you find tenants for my property?
We will promote your property on our website and in several rental marketing directories, complete with images. Additionally, we carefully examine applications. Finally, we’ll put out a Property Information Sheet with all the details for your property.
How are property inspections scheduled?
When taking on a rental, midway through a lease term, when a tenant moves out, and any other time the owner requests, the property manager conducts routine inspections of the property. It is advised to conduct periodic assessments to identify any necessary preventative maintenance and assess the severity of any property damage caused by tenants.
What preparations do I need before I rent out my property?
Your tenants depend on the condition of your property. This implies that everything should be in good working order, the house should be clean, the carpeting should be shampooed, and the walls should be painted (it’s best to use a neutral color). The windows should ideally have window coverings like shades. Before the new tenant moves in, snow removal or grass maintenance should be done, depending on the time of year. Tenants are no different from you or me when we were trying to decide whether to buy our homes; we were more attracted to them if they were clean and functional.
Do you guys stay in touch?
Would you rather your property manager keep you informed whenever something concerning your tenancy happens, or do you want them to act in your best interests at all times? Tell the property manager what you expect to avoid misunderstandings. Talk about your preferred means of communication as well. Is it email, a home phone, or a mobile device?
Who makes the repairs on your property?
This is yet another important query for landowners. When there is a foot of snow on the ground, they usually don’t want to be the ones fielding calls at three in the morning reporting a broken furnace. They initially decided to work with property management for this reason. Describe your approach to maintenance and repairs at the properties you are in charge of, including your use of in-house workers or outside repair firms, among other details. Include any procedures you may have in place, such as allocating a repair budget or getting owners’ approval before beginning repairs.
How much will my property lease on?
Several market variables, such as the property’s condition, its locality, and the rental prices of nearby comparable properties, will affect your lease rate. Unfortunately, the marketplaces that determine lease rates are very different from the ones that determine how much a property is worth. Please get in touch with us so we can talk about this with you as it relates to your particular home.
What happens if a tenant damages my property?
A security deposit collected at move-in is typically sufficient to cover most damage a thoroughly vetted tenant may inflict. Good-credit tenants with a history of renting or owning property rarely cause significant damage. The dreadful tales you may have heard about a home being “wrecked” usually involve less costly houses rented without the correct application and screening procedure. Credit, rental and possession history, income, and employment are all checked by our screening business, and each has its requirements for admission. The tenant will be charged if they vacate the property with a balance that exceeds the deposit. They will be given to a collection agency if they don’t pay.
How long is the agreement for?
We do sign a contract, but largely to prevent misunderstandings. It is revocable at any time with no penalty, and our service is backed by a three-month money-back guarantee.
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