PROPERTY
MANAGEMENT
|
Management
Services
|
Why Do You Need a
Professional Property Manager…… SAVES YOU TIME, WORK & STRESS!!!!
Visit the Property Management Services section below
for a more detailed overview of the services
Smith Realty Salinas, Inc provides to our owners.
|
What Distinguishes a Professional Property Manager from Other Landlords?
- You don’t have to mail the tenant’s accounting report and refund check.
- You don’t have to hire someone to clean paint or make repairs.
- You don’t have to advertise, take rental calls and show the property.
- You don’t have to screen applications and be apprehensive about who to pick.
- You don’t have to execute a rental agreement, worry about adding addendums, fill out the move-in inspection report and deposit money.
- You don’t have tenants calling at all hours of day and night?
- You don’t have to confront tenants on tough issues like collecting rents or taking better with the care of the property?
- You don’t have to collect NSF checks, service legal notices or start an eviction.
|
|
The Benefits of Hiring a Professional Property Manager from Other Landlords?
- Do you know all of the landlord/tenant laws for your city, state and government?
- Do you know rent values, vacancy factors,. and time on the market in your area?
- Do you have a rental application and consistent screening policies that meet all of your legal obligations.
- Do you take the time to perform thorough move-in/move-out written inspections and routine property inspections?
- Do you personally know reputable painters, electricians, roofers, chimney cleaners, carpenters, furnace and appliance repairman who are licensed, affordable, and reliable?
- Do you effectively confront and negotiate tenant and enforce the terms of your rental agreement?
- Do you have the ability to recover NSF checks, evict tenants and collect bad debts?
|
|
PROPERTY MANAGEMENT SERVICES
  |
|
Services Provided:
-
Advertise the Availability of Rental Units
-
Rent Units and Renew Leases
-
Rent Collection
-
Supervision of Repair and Maintenance
-
Handle Tenant Problems & Complaints
-
Keep Accurate Accounting Records
-
Properly Operate, Manage and Maintain Property
-
Maintain Accurate Tenant Records
-
Vendor Documentation and Records
-
Component Study and Recommendation of Long Term Maintenance
The Bottom Line
The value of your services must be measured by their impact, not by the time required to provide them. Look for a property manager with the knowledge, expertise and years of experience that will bring value to your property.
We are always looking for ways to improve our business so we can provide you with the best service and manage your properties efficiently and effectively. We have invested in a new property management software called AppFolio Property Manager and wanted to share just a few of the benefits that we will be able to pass on to you:
- We can respond faster and provide better service to both owners and residents. AppFolio is web-based so we can securely login and access information about all properties at any time and from anywhere.
- Owner statements can be delivered to your email inbox, saving time and paper too. The statements are very simple and provide you with a quick snapshot of your property details for the past month.
- We address property maintenance issues faster. We use AppFolio for electronic work orders and communication with vendors so we quickly solve issues. At your request we can email you a copy of the work order and relevant information at the time of completion, giving you real-time updates.
- You will be paid faster and more securely. We are able to use the ACH functionality to deposit funds directly into your bank account.
- We can more effectively market your properties and fill vacancies sooner. AppFolio allows us to quickly advertise vacancies online, posting to our website, the Internet and Craigslist.org.
CALL TO GET COPIES OF SAMPLE REPORTS.
|
|
Management Services:
- Consultation with Owners
- Tenant Relations
- Revenue Collection
- Rent Increases
- Common Area Maintenance (Commercial) Reimbursements
- Insurance Policies – Review & Recommendations
- Repair & Maintenance· Preventative Maintenance
- Outside Monthly Services: Janitorial, Landscaping, Pest Control, Parking Lot Sweeping, Elevator Maintenance, Fire Alarm Monitoring, Security Services
- Outside On-call Services
- Emergency Procedures
Lease & Construction Supervision Services (Commercial):
- Lease Preparation or Consultation
- Space Plan, Coordination with Architects
- Bids for Tenant Improvements, Construction Plans
- Tenant Improvement Coordination
- On Site Inspections
- Acknowledgment Letters· Signage – Exterior and Interior Sign Program
- Advertising· Tenant Applications, Credit Checks, Background Checks
- Eviction Proceedings, Collection Proceedings
Bookkeeping Services:
- Set up of Bank Trust Accounts
- Budgets, Cash Flow, Projections
- Financial Statements
- Rent Roll
- Tenant Ledgers
 Call Smith Realty Salinas, Inc Today!
|
10 Reasons to Hire a Property Manager.
If you’ve owned income property for any length of time, you know that managing a rental can be financially rewarding. All the same time, you’ve also likely discovered that property management requires a large commitment of time and effort.
While it may make sense to take the do-it-yourself approach if you are a handy person, live close to your property, and don’t mind devoting several hours per month to the task, in many cases this just isn’t practical—especially if you hope to expand your business. With this in mind, here are some critical tasks a property manager can help you with:
|
1. Setting the right rental rates: While looking through the classifieds to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, a good property management company will conduct a thorough market study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.
2. Collecting and depositing monthly rent payments on time: If you have ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward. Property Management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You will find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.
3. Marketing and advertising your property: Through long experience, a property manager will know exactly where to market your property and how to craft compelling advertising materials—a significant advantage when it comes to filling your properties quickly and avoiding long vacancies.
4. Finding the right tenants: Experienced property managers are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references.
5. Managing tenants: In addition to finding good tenants, a property management company will manage all aspects of the tenant-landlord relationship. The property manager will handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required. |
|
6. Managing vendor relationships: Property management companies have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it’s almost impossible for independent landlord to duplicate. Not only will your property manager get you the best work for the best price, they will oversee any necessary maintenance projects.
7. Ensuring that you’re in compliance with housing regulations and property laws:
There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state, and federal regulations, as well as fair housing regulations (as with ADA). A property manager can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.
8. Enabling you to invest in geographically distant properties: If you manage your own properties, you’re pretty much limited to investment opportunities within a tight radius of your own home. By hiring a property manager, you can take advantage of investment deals in any location you wish.
9. Maximizing the profitability of your time: By having a property manager take care of the day-to-day aspects of running your income property, you are free to spend your time identifying further investment opportunities or otherwise furthering your career.
10. Maximizing the profitability of your money: Most property managers charge a percentage of your property’s monthly rental rate in exchange for their services. The rate typically runs anywhere between 7-12%, which is generally less than the money you save by hiring a professional to take care of your property. You can get a friend or neighbor to manage BUT do they really have your best interest in mind or stay in compliance with the laws. |
|
|
|
|
|
 |
