How much can my investment property lease for or do i ensure i Maximize rental income?

Several factors determine your lease rate, including rental rates for competing homes in the immediate area, as well as your property’s location and condition. We will be happy to provide you with a Free Rental Price Analysis report with the best possible pricing.

What’s Your Collection Process?

 All rents are due on or before the first of each month and are considered late after 5:00 p.m. on the 1st of each month. We send out a first letter of delinquency on the 6th, followed by a three-day Notice to Vacate letter. For residents who haven’t paid in full by the 13th of the month, we initiate the eviction process. We do make rental payment agreements on a case- by-case basis.

What are the Property Pros fees for managing my property?

 For single-family homes (including townhomes, condos and duplexes), our fees are 8% of the gross rental income, plus a one-time leasing commission of 75% of 1 full month’s rent. We also offer our investors a 9% management fee with a 50% leasing fee, and a 10% management fee with a 35% leasing fee. These systems work out to about the same amount per year. No management fees are incurred while the property is vacant based on the above fee structure. If you have specific needs, we can develop a program to meet them. We’ll be happy to send you a sample of our Property Management Agreement.

What’s the Property Pros role as a property manager?

Our role is to deliver the best possible experience for our owners. That means generating steady income for you while preserving or increasing the value of your investment property. Our specific tasks include advertising your property, screening tenants, negotiating leases, collecting rent, scheduling maintenance for your property, keeping accurate records and providing regular reports and communication.

What if my tenants don’t pay rent?

We work very hard to collect rent and believe placing the right tenant/s is one of the best ways to avoid a no rent payment situation. We offer the tenant/s several different methods to pay rent including the use a credit card if necessary.

Do you handle the eviction process if necessary?

Yes. In the event they have to be evicted, we handle all the paperwork with the attorney. Including collecting any and all outstanding rent and fees.

How long does it take to find a tenant?

We will begin marketing your home right away. The three factors are price, location and condition when searching for qualified tenants. We are experts in researching the market price for a property and work with you in getting a property ready for rent as we want to appeal to the largest pool of potential tenants. Then, the typical time frame for placing qualified tenants is about two to three weeks.

I’ve heard horror stories about property management companies and want to know, how you are different?

Horror stories are told because people did not hire the right professional. Property Pros Realty Group goes through a thorough background screening including, but not limited to criminal, civil, rental, and employment history. That, coupled with our strong rental agreement and rental procedures, gives every property owner added protection.

Can you help me buy or sell investment property?

Yes, The Property Pros has a senior Real Estate agent on Staff. We will be happy to assist you with the acquisition and disposition of investment property. Should you have an established relationship with another Realtor®, we can work with them to make a smooth transition as well.

What expectations do you have for leasable properties?

Before we offer a property for lease, we thoroughly inspect it to ensure compliance with all governmental ordinances. We also advise our clients with recommendations to maximize their return on investment. By offering a quality product, we work hard to minimize maintenance requests and complaints while maximizing resident retention and satisfaction.