Property Management - CENTURY 21 Olde Dominion, Inc.
The following is a list of services and fees for Property Management Accounts:
The monthly management fee is 8% of each month's rent. We will provide the following services, tailored to each owner's particular needs and desires:
- Collect the monthly rent
- Pay any bills from proceeds for that account, including, but not limited to: mortgage, HOA fee, repair bills, lawn care, etc.
- Send any required late notices, "pay or quit" notices, lease violations, lease extensions, etc.
- Be on call for emergencies, repairs, etc.
- Periodically inspect the property during the lease term.
- Recommend and supervise needed maintenance to preserve the home.
- Provide monthly statements and annual tax statements.
- Maintain owner's rental escrow account for emergency repairs.
In short, we oversee the property as if it were our own. We will not disburse owner funds needlessly and will consult with an owner whenever necessary.
We can manage homes with tenants already in place or we can find a tenant and then manage the property. The following fees and services for securing a tenant are listed below:
- For a one-year lease, the fee is 1/2 of one month's rent;
- For a two-year lease, the fee is 3/4 of one month's rent;
- For a three-year lease, the fee is equal to one month's rent; and
- To renew expiring leases, the fee is $200.
In obtaining a tenant, we provide the following services:
- List the rental property in the MRIS Multiple Listing Service;
- Post the property with the Military Housing Website;
- Check the prospective tenant's credit, employment, rental history;
- Write the lease using the standard NVAR lease, tailoring it to the needs of the owner whenever necessary; and
- Checking-in the tenant using a written list and digital photos which describe the property's initial condition (the same list is also used to check-out the vacating tenant).
Property Management - CENTURY 21 Olde Dominion, Inc.
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