-
Inspect
the property
and advise you about the condition and any repairs
or updates that might be needed.
-
Prepare
a market analysis
to estimate the rent the property will bring.
-
Place
the property on the MLS
(Multiple Listing System) in order to make it available
to the maximum number of agents and their rental
clients.
-
Advertise
for prospective tenants
complete
a three page questionnaire about their income, employment,
debts and assets, and give a check for the first
month’s rent.
-
Run
a credit check
on
each prospective tenant.
-
Call
the tenant’s employer
to check their employment status and if they have
given accurate salary information.
-
Check
with the previous landlord
about
the timeliness of rent payments and whether the
security deposit will be returned.
-
Inform
you of the outcome
of
these inquires and seek your permission to prepare
a lease.
-
Prepare
the lease
and
have the tenant sign it. Tenant will provide at
that time a further months rent to act as the security
deposit. This will be placed in an escrow account.
-
Conduct
a walkthru
with
the tenant and have the tenant sign for the condition
of the property.
-
Collect
rents,
deduct
the management fee, and forward the remaining monies
to your designated bank account.
-
Arrange
for repairs
as needed, pay for repairs and forward copies of
invoices to you.
-
Send
you a monthly written statement
of
all activities on your account.
-
Collect
late fees,
and
provide the customary written notices if payments
are not received.
-
Inspect
the property
every
six months and provide color photographs to show
the condition of the property.
