Do you manage Section 8?No.
What are your leasing requirements?
- Income 3x monthly rent
- 600+ credit score
- No Evictions
- No Bankruptcies
- No Felonies
- Rental Verification
- Income Verification
- Background checks
- Case Net checks
- Pet Verification
- Bankruptcy check
- Sex Offender check
Are you licensed?Yes.
How and when do I get my checks?The 8th of each month or the next business day (assuming rent was collected on or before the 8th). Electronic payments can take 3-5 business days to post to your account.
How is rent collection handled?All rents are due on or before the 5th of each month and are considered late after 5:00 p.m. We charge a 10% late fee of the total rent. We will then email and call the tenant starting on the 6th. On the 10th we will post a 10 day notice to vacate on their door. After the 10 days we initiate the eviction process. We do make rental payment agreements on a case- by-case basis.
How long of a lease do you sign?12 months.
How soon can you start managing my property?As soon as possible.
What type of properties do you manage?Single family & Multi-family.
What type of reports do I get and how often?We send out an Owner Statement on the 8th of each month with a general snapshot of the property performance. On the 20th of the month a full set of accounting reports are posted to the Owner Portal and sent via email.
Who holds the tenant security deposit?We collect 1 months rent for deposit and hold in Escrow account.
Do you require an expensive reserve?We require each client to maintain a balance of $300.00 for each single-family unit.
Do you require renters insurance?Yes. Up to $100K (with no deductible) in case of damage by fire, smoke, explosion, water, overflow of sewer or sump, collapse, falling objects, freezing of pipes, overflow of appliances
- Loss of Rental Income- covered up to $1,000/premise and $10,000/occurrence
- Pet Damage- covered up to $1,000 per occurrence; $250 deductible