The manager of your income property will take care of the property according to your wishes, these are completely detailed in a Management Contract. The contracts we use are created by a team of Attorneys hired by the California Association of Realtors. They spell out for you, the agreement, how we are paid and the services we perform. Some of which are listed below:
We relieve you from the day to day worry of managing your property with the knowledge and experience of Experts.
We find and qualify tenants. Using applications for verification, run and check credit reports, and attain confirmation of listed references.
We present a lease contract for your approval, according to your instructions, once we have picked a tenant.
We generate and complete all paperwork needed to lease and manage the property including a move in and move out inspection, proper insurance forms, and disclosures required by law. We make sure you are aware of and comply with all laws regarding landlord tenant relations.
We maintain the property and repair all items needing repaired according to law and your instructions.
We respond to emergencies as they come up including sending repair personnel immediately to protect the property. We keep you informed throughout the entire process.
We provide you with monthly statements of income and expense and disburse the net check to you or as agreed.
We prepare and send you a 1099 and full income and expense report, along with proof of paid bills for your tax preparer each year.
We follow all laws that apply to landlord, tenant and manager relations.
We reduce your risk of loss by requiring tenant insurance and landlord liability insurance.
When work on the property needs done which is more than normal upkeep and repair we can, with your approval, oversee that work. There is a reasonable additional fee for this.
Other service options at minimal fees can include things like, direct deposits of your net checks into your bank branch locally.
We do recommend you establish a single bank account for all of your banking need that deal with your property. Your accountant will love it and you will be better able to identify the income and expenses attributed to your investment.
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