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April 30, 2011

Property Management FAQ – Questions and Concerns

Posted in: Industry News

What type of properties do you manage?

We manage single family homes, town homes, condos and multi family units.

How much will my home lease for?

For obvious reasons, every home is different. Things such as location, amenities, whether the home is furnished or not…etc, all play a roll as to what your home could rent for. Typically, on our first meeting, we are able to give you a price range based on our research and experience in renting out similar properties.

What ways will you market my rental?

We use a variety of methods. Some of which include, but not limited to:

-Multiple Listing Service

– Front Door

– Hotpads

-Oodle

-Trulia

-Vast

-Yahoo Real Estate

-Zillow

-Craigslist

-Etc.

I have a home warranty on my home. Could this be used on my property if needed?

The fact that you have a home warranty on your home is a wonderful thing that could end up saving you thousands of dollars. We highly recommend having one on your rental property! Especially if your property has a history of things going wrong inside it.  We would gladly use your warranty coverage to repair or replace any items covered under the policy.

Do you withhold any money for repairs, if needed?

Yes, we minimally withhold $200 to cover any minor repairs. Anything costing more than that would require your approval and payment.

Are your management fees fixed or negotiable?

When our fees are already rock bottom, there is very little room for negotiations, if any at all. By law however, all fees are negotiable between broker and owner.


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