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Management services


1. Evaluate property

Evaluate property

• Perform detailed documentation of the interior and exterior including photos
Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.
• Gather data on rental rates in the area and work with owners to determine the optimal rental rate.
• Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.

  • Evaluate property

    • Perform detailed documentation of the interior and exterior including photos
    Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.
    • Gather data on rental rates in the area and work with owners to determine the optimal rental rate.
    • Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.

    2. Market/ tenant screening

    Market/ tenant screening

    • Create ads tailored to the property and advertising medium.
    • Work with other realtors and leasing agents to find a tenant
    • Perform a background check to verify identity, income, credit history, rental history, etc.
    • Grade tenant according to pre-defined tenant criteria

    • Market/ tenant screening

      • Create ads tailored to the property and advertising medium.
      • Work with other realtors and leasing agents to find a tenant
      • Perform a background check to verify identity, income, credit history, rental history, etc.
      • Grade tenant according to pre-defined tenant criteria

      3. Rent collection

      Rent collection

      • Receiving rent
      • Hunting down late payments
      • Sending out pay or quit notices
      • Enforcing late fees

      • Rent collection

        • Receiving rent
        • Hunting down late payments
        • Sending out pay or quit notices
        • Enforcing late fees

        4. Evictions

        Evection notice

        • Filing relevant paperwork to initiate and complete an unlawful detainer action
        • Representing owner in court
        • Coordinating with law enforcement to remove tenant and tenants possessions from unit
        • Advise in the event of a legal dispute or litigation
        • Refer owner to a qualified attorney when necessary
        • Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.

        • Evection notice

          • Filing relevant paperwork to initiate and complete an unlawful detainer action
          • Representing owner in court
          • Coordinating with law enforcement to remove tenant and tenants possessions from unit
          • Advise in the event of a legal dispute or litigation
          • Refer owner to a qualified attorney when necessary
          • Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.

          5. Financials

          Financials

          • Detailed documentation of expenses via invoices and receipts
          • Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
          • Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
          • Advise owner on relevant tax deductions related to their rental property

          • Financials

            • Detailed documentation of expenses via invoices and receipts
            • Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
            • Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
            • Advise owner on relevant tax deductions related to their rental property

            6. Maintenance, repairs & Remodeling

            Maintenance, repairs & Remodeling

            • Provide and oversee an in-house maintenance crew
            • Establish a preventative maintenance policy to identify and deal with repair needs
            • Provide an network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
            • Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.

            Maintain outdoor areas
            • Leaf and snow removal
            •Landscaping
            •Removing trash and debris

            Larger renovation or rehab projects
            • Provide recommendations on how the project can maximize rental income.
            • Prepare preliminary cost estimates
            • Get multiple independent bids for the work
            • Act as general contractor overseeing the work

            • Maintenance, repairs & Remodeling

              • Provide and oversee an in-house maintenance crew
              • Establish a preventative maintenance policy to identify and deal with repair needs
              • Provide an network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
              • Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.

              Maintain outdoor areas
              • Leaf and snow removal
              •Landscaping
              •Removing trash and debris

              Larger renovation or rehab projects
              • Provide recommendations on how the project can maximize rental income.
              • Prepare preliminary cost estimates
              • Get multiple independent bids for the work
              • Act as general contractor overseeing the work

              7. Tenant move out

              Tenant move out

              • Inspect unit and fill out a report on the property’s condition when the client moves out
              • Provide tenant with a copy as well as estimated damages
              • Return the balance of the security deposit to the tenant
              • Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
              • Clean unit and perform and needed repairs or upgrades
              • Put the property back on the market for rent

              • Tenant move out

                • Inspect unit and fill out a report on the property’s condition when the client moves out
                • Provide tenant with a copy as well as estimated damages
                • Return the balance of the security deposit to the tenant
                • Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
                • Clean unit and perform and needed repairs or upgrades
                • Put the property back on the market for rent

                Get a free rental analysis

                Headquarters

                4312 Holland Rd, Suite 4306
                Virginia Beach, VA 23452

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