Market Analysis
- Analyze Comparable Market Rents
- Determine Availability of Similar Space
- Establish Market Concessions/Amenities
- Compare Market Rents Annually, and Implement Increases in Rents Accordingly
Leasing
- Market All Current and Future Vacant Properties to Minimize Vacancy
- Screen Prospective Residents
- Complete Credit and Background Inquiries
- Conduct Move In and Move Out Inspections
- Pay Referral Fees to the Real Estate Community for Referring Tenants
Tenant Relations
- Make Periodic Interior Inspections with Tenant and Report to Owner*
- Establish Regular Communications with Residents
- Process All Requests for Service
- Inspect Leased Properties
- Counsel Residents as Needed
Collections
- Collect All Rents and Other Resident Charges
- Maintain Accounts Receivable Ledgers
- Escrow and Account for All Security Deposits and Disbursements
- Process Evictions When Necessary
Maintenance
- Coordinate and Supervise Repairs Through Homeowner Associations
- Provide 24 Hour Repair Service
- Shop Prices and Services Competitively
- Inspect Repairs and Services Prior to Payment
- Determine Tenant Charge Backs and Collect to Reduce Cost
- Arrange Warranty Work
- Ride Properties Periodically to Determine Condition and Care
Owner Accounting
- Collect All Income and Pay All Expenses
- Make Reoccurring Payments Such as Mortgages and Association Dues
- Provide Monthly and Annual Operating Statements for Owners
- Analyze Operating Results
Owner Relations
- Maintain Regular Communications with Owners
- Consult with Owners on Large Repairs and All Capital Improvements
- Allow Owner’s Input on Rates and Lease Terms
- Publish Informative and Educational Monthly Newsletter
- Counsel Owners on Insurance Matters
*Additional charge for this service only.