When you own a property and might have been planning to rent it out for investment, ensure that you are well researched of all your responsibilities or what your tenants may probably expect from you.
Aside from overseeing the property and collecting rent monthly, there are a bunch of tasks you need to embody, all to build a great rapport and long-lasting relationship with your tenants. With tenant-property owner relationships, it is important that each party understands exactly what is expected of the other. You can also take help from Lanwayke.
The primary objective is to attain the goals and objectives of the tenants and most exceed their expectations while they are renting. For you to have the assurance that your rental property is well taken care of, you can hire full service management like APG Properties. With APG Properties, expect these managing tasks to be completed in a smoother and less hassle manner:
- Leasing
- Expect that your rental property will be advertised and marketed immediately upon signing up.
- Leasing associates will schedule showings (now virtual showings) of your property 7 days a week to all prospective renters until your rental home is leased.
- Expect that rentee prospects are subjected to; credit report, former landlord’s reference, employment income, criminal background check or watchlist, or via eviction search through the national eviction database
- Expect that once the rental applicant process is approved, we will complete and execute the lease agreement prepared by an attorney and give the residents possession of your rental home.
- Expect that a “Move-In” property inspection will be conducted and you as a property owner will be notified by APG Properties that your property is leased.
- Expect that a minimum of one month rent and a security deposit equal to one month rent will be collected prior to a tenant moving into the unit.
- Lease renewal
- Property Management like APG Properties renew the residents lease at least 60 days prior to the termination date of their lease agreement and you can definitely expect the tenant’s lease to be renewed at the same or at slightly higher amount of rent with APG Properties.
- Advertising and showings of the property for lease will begin in the event that the current tenants are not renewing their lease.
- Expect that the residents’ lease agreement, or re-rent your property to new residents will be renewed, unless APG Properties have been advised otherwise.
- Property Inspection
- From floorings, wall ceilings, tile fixtures to sinks, APG Properties conduct property inspections on your property smoothly.
- Rent Collection
- Property Managers are expected to make every effort to collect rents timely and do not ever tolerate delinquent payment of rent.
- Rent Processing and Accounting
- If you’re a property owner, expect to receive a monthly computerized report showing all income and expenses of your rental property from APG Properties.
- You will also receive a year end summary statement for your tax purposes showing all of your yearly income and expenses and categorizing said income and expenses.
- Expect to receive timely payments of your rental income each month or have access to your rental account each month via our website.
- Expect to have faster lease ups and less vacancy time, plus your rental home is always
Speak Your Mind