Management Process

1. Preview Property.

• If needed, provide current market analysis.
• Recommend repairs/improvements to get top dollar for rent.
• Provide a list of contractors who we have found to be best quality at reasonable prices.
• Take pictures of the property as a means of establishing the condition prior to putting it on the market.

2. Turn-over Property.

• Management Agreement executed.
• Management Information Record completed.
• Completed Property Condition Report.
• " Active Involvement Letter " signed.
• Set up property maintenance account.
• Owner provides three sets of keys.

3. Find Renter.

• Our licensed realtors list your property in the MRIS computer system. This gives your listing exposure to all of the agents who are looking for rental properties.
• Once a prospective rentor is identified, we will perform a credit check, paid for by rentor.....
• Call once removed landlord/employer.
• Call all references.

4. Renter Takes Property.

• Security Deposit of no less that one months rent is collected.
• One year lease is signed by all adults who will be occupying the property.
  (We insist on using our rental agreement - for your protection!)
• Procedures to Vacate are signed prior to possession of the property.
• First month's rent is collected.
• Renter is required to show proof of renters insurance.
• Renter completes Unit Condition Report and submits to us within 72 hours of move-in.
• Renter is advised about our policy concerning on-time rental payments.

5. Rent Collection and Disbursements.

• Rent is sent to us, the balance deposited to your account or sent to you NLT 10 days of receipt.
• We provide monthly account statements, with any receipts for monies paid out of your account.

6. Repairs.

• A pre determined deductible is paid by the renter (it is part of the Rental Agreement).
• All major repairs are put out for bid. The owner gets three bids, unless repair is an emergency.
• We use only licensed, insured contractors... or select your own (contractor paid when work completed).

7. Lease Renewal.

• We notify the renter 60 days before the termination of the Rental Agreement.
• We will negotiate new terms between renter and landlord based on our experience with renter.

8. Accounting and Taxes.

• Complete Property Account Listing.
• Furnish IRS Form 1099 statements and year end statement of analysis and cash flows.

All real estate advertising is subject to the Federal Fair housing Act. Homes advertised are available on an equal opportunity basis. All real estate subject to prior sale or withdrawal without notice. PWCWEB is not responsible or liable for misprints, misinformation or typographical errors.

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