|
Management Services |
|
PROPERTY
MANAGEMENT SERVICES AVAILABLE FOR OWNER/INVESTOR
- Provide
written physical inspection reports specifying any required
or needed repairs for initial marketability and/or updated
condition reports when occupied by tenants.
- Advertise,
market and promote your property to attract qualified tenants
with verifiable credentials.
- Careful
selection of tenants, using professional screening techniques,
based on the brokerage experience.
- Negotiate
lease rates, terms, conditions, and prepare all lease documents
and forms.
- Collect
monies, and enforce all rules and regulations of lease agreements.
- Terminate
tenancies, sign and service notices as needed. " Handle
all tenant issues and represent the owner in legal action
for eviction, if needed.
- Disburse
all tenant deposit refunds and supply required documentation
in accordance with Landlord Tenant Act.
- Establish
and maintain Client Trust Account for each owner's property
and uphold all information as confidential in accordance
with Oregon Real Estate Agency Rules & Regulations.
- Pay
all disbursements specific to each owner's account including
individualized instructions for payment of mortgage payments,
taxes and insurance etc. when due and if requested. " Submit
monthly reports and end of year statements useful in preparing
owner's state and federal taxes.
- As
the brokerage becomes aware of changes in laws and regulations
that could affect owner costs, returns, and/or tax benefits
the owner/investor will be notified so that they can discuss
these issues with their attorney, accountant or other professional
business relationship.
- Provide
recommendations concerning rental rates, market conditions,
and necessary repairs to preserve and/or increase property
value. " Obtain competitive bids for necessary repairs and
maintenance and supervise any work that may be required.
- Cooperate
with any local professional per owner's request (i.e. attorney,
accountant, contractor, and repairman).
FEES
- Initial
account set up fee.
- Set
up of a contingency fund agreed upon to cover emergency
repairs.
-
One half (1/2) of the first month regular rate for finding
a new tenant and procuring a lease, month-to-month tenancy,
whether a full management service contract or owner managed
property.
- Monthly
management fee for single family homes or multi-family units
depending on service level with a minimum fee per month
based on the gross monthly rents.
WHAT
FEES DO NOT COVER
- Actual
cost of maintenance, repairs, materials and utilities for
upkeep related to property ownership.
- The
actual cost of all advertising
|
