Brad's Real Estate Blog

July 27th, 2008 8:32 AM

You may be asking yourself..... "Why do I need a Property Manager?" Investors rely on us to provide expert advise about which homes attract the best renters and which areas are likely to remain desirable long term. Landlords depend on our Property Management services to care for and maintain their rental property and tenant relationships.

Hello! I am a Sierra Vista Property Manager and Realtor. I offer a comprehensive property management solution for investment owners of single family homes.  If you own a single family home in Sierra Vista, Bisbee, Tombstone, Hereford, Whetstone, Huachuca City, or Cochise County, I may be the property manager for you.

You may be asking, what do I do?

  1. I get the property ready to be placed on the rental market.  If repairs and/or cleanup is needed, before a tenant can move in, I coordinate those activities. 
  2. I find you a tenant.  That’s the #1 most important thing, and I'm good at it.  To find you a tenant, I have a marketing plan that I have found is extremely successful in acquiring a qualified tenant in the shortest possible time.  I will execute this marketing plan diligently, leaving no stone unturned.  Since you are reading this on my blog, you can assume correctly that I use the blog to promote your rental listing.   I also use cragislist, MLS, and our real estate sign in front of the property.  For many properties, I also include a flyer box.  I've used additional marketing vehicles with varying (often low) levels of success, so I focus on what works well, and skip the rest. 
  3. I qualify the tenant.  A background check is performed of the tenant prospects previous rental (when one exists), along with a credit history.  Due to credit reporting laws, I cannot share the tenant’s rental history with a landlord, but we will share the existance of red flags (e.g. evictions).
  4. I perform a move-in inspection with the tenant.  Upon move-in, I'll be there to gather the remaining funds and hand over the keys.  At that time, we’ll walk through the property, making note of any blemishes that the tenant observes, and more importantly, making note of the proper condition of the property.
  5. I collect the rent.  An obvious need, but one that can take managing from time to time.  I gather the rent from the tenant, process it through our broker’s trust account, and disburse the proceeds to the landlord each month.  In the event that rent is late or missing, appropriate action begins no later than the 5th of the month.
  6. I support the repairs to the property.  If you own an investment property, the two likely things you dislike about it are dealing with tenants, and dealing with the repairs.  For small repairs, I encourage an agreement that allows us to make the appropriate repair, and then deduct the cost of that repair from the next rent disbursement.  We do not charge any repair management fees whatsoever.  Only the actual cost of the repairs will be forwarded to you, the landlord.  For larger repairs, we will consult with you and gather multiple estimates for the repair.  And in all cases, if you choose to use a home warranty company, we’ll route our repair requests through the home warranty company, if the repair is covered under the warranty.
  7. I perform a move-out inspection with the tenant.  When the tenant moves out, I'll be there again to walk through the property, and take note of the move-out condition.

What are our fees?

We have a simple monthly management fee. 

The monthly management fee is 10% of the rent.  This fee covers all of the month-to-month management necessary, including the management of repairs and rent collection. 

Where do we service?

Our offices are located at 301 N. Garden Ave right outside the main gate of Fort Huachuca.  To provide the best possible customer service, we limit the area that we provide property management services to within 30 minutes of our office.  Exceptions may be made on a case-by-case basis, particularly for past clients.

The reason we limit our service area, is because a significant number of tenant prospects call us while standing in front of the property, due to the sign.  Often we will ask them to wait there, and come right over.  A person will often agree to wait half an hour…but ask them to wait longer, and they’re likely to go to the next property down the street.

Thanks for reading this blog!!

       

       


Posted by Brad Snyder on July 27th, 2008 8:32 AM

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