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Owner Services

What can a Property Manager do for me?

 

Cardinalli Realty and Property Management Company can:

  • Actively market your property for rent.
  • Collect rents and distribute owner disbursements.
  • Handle repairs and maintenance of your property.
  • Handle the collection and disbursement of property deposits.
  • Handle collections and otherwise undesirable legal actions regarding the tenancy of your property.
  • Lease Administration
  • Building Maintenance
  • Marketing
  • Vendor Negotiations

Our office staff is available to show your home.

Further information and details of services are located in the Property Management Agreement and Rental Lease Agreement.

Fees

 

Management Services

Our normal management fee can range between 7-10% of each months collected rents (discounted rates available for multiple units).  This includes:

  • Collection of rents
  • Service of tenant notices
  • Repairs handled as owner directs
  • Arranging advertising at vacancy
  • Showing properties available for rent
  • Screening applications, writing of lease agreement, addendums, collection of deposits
  • Deposit refund evaluation and statement
  • Preparing property for re-rental
  • Monthly statement to owner(s)

Inspection Services

In order to document the delivery condition of your property, a detailed move-in/move-out inspection service is provided.  This service includes evaluation of the property prior to occupancy and vacancy of the tenant which includes a detailed inspection check-list and photographs performed.  This service is provided under our Monthly Management Fees and is available as an additional service to our Lease Only clients.  Please as us for more details.

Preparing your property for rent?

Your property should be presented in the best possible condition to attract the highest quality tenant.  The tenants are required to leave the property in the condition they received it, normal wear and tear excepted, so it makes sense to start with it in top condition.  We can help you with property preparation.
All debris and personal belongings, including washer and dryer and lawnmower, should be removed.  Neutral window covering(s) should remain.
As tenants are required to maintain the yard in the condition provided to them at move in, the yard should be freshly mowed, weeded, trimmed and leaves and debris removed.

 

How will the property be marketed for rent?

Your home will immediately be added to our “Rental Availability” list.  This list is updated daily.  Your home will have an information sheet designed that will list all pertinent information and will have a digital photo of the property.   Your home will be advertised for on our website, in craigslist, apartments.com, and is digitally pushed out to 15-50 other internet marketing sites.

 

How much money is collected at move-in?

The total amount collected is generally the first month’s rent, plus a security deposit.  The security deposit amount can range from 1-2 months rent and is held in a non-interest bearing client trust account.

 

 

How do I receive my proceeds?

We distribute funds monthly by electronic deposit or by check.  Most of our clients prefer electronic deposit.

 

How am I protected if the tenant damages the property?

The refundable security deposit taken at move-in is usually sufficient to handle the minor damages and necessary cleaning.
Should the tenants leave the property owing more than is covered by the security deposit, they will be billed.  If they do not pay, the matter can be turned over to a collection agency.

 

What happens if the tenant does not pay rent on time?

The rent is due on the first of each month and is considered late if not received by close of business on the third.  A late fee is then charged to the amount due and a notice to  pay rent or quit is delivered.  If the tenants have not paid by the end of the notice period, appropriate action is taken as directed by the owner. Our company offers online payments to tenants that can be paid through a bank transfer or credit card. Tenants can also schedule future payments online.

 

What are the policies regarding pets?

Restricting pets may reduce the number of qualified applicants.  It is often preferable to consider allowing pets.

 

How are repairs handled?

You can customize how repairs on your property will be handled.  Choices include: to call you with all repairs or to call you with repairs over a certain dollar amount.
We have competent repair vendors to handle any problem that may arrive.  You always pay the exact amount of the bill, no additional overage is added.
A reserve amount of $350.00 +/- (this amount can be set with your management agreement) will be held in a non-interest bearing client trust account to be used for repairs and maintenance after the monthly distribution has been made and will be replenished as necessary.  The property owner will be supplied with all invoices for repairs with their monthly statement.

 

What happens if the tenant leaves before the end of the lease?

The tenant is responsible for the rent for the term of the lease.  If tenants are forced or choose to leave prior to the termination date, they will be charged rent until the property is re-rented to persons acceptable under the original terms and conditions or term of lease has expired.  They are also responsible for the expense of re-renting the property, the lease fee (if any) and the advertising costs.