Mary Lynn Realty | Real Estate & Property Management Company

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Rental Service

EVALUATE THE PROPERTY AND DETERMINE AN ACCURATE RENTAL RATE

 

  • Perform detailed documentation of the interior and exterior including photos
  • Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.

MARKET THE PROPERTY FOR RENT

  • Prepare home for rent
  • Create ads tailored to the property and advertising medium. Some of the mediums commonly used are:
  • Paid and free rental listing websites
  • Signs
  • MLS
  • Work with other realtors and leasing agents to find a tenant
  • Meet prospective tenants for showings throughout the week and weekend.

TENANT SCREENING AND SELECTION

TENANT MOVE IN

  • Perform a background check to verify identity, income, credit history, rental history, etc.
  • Attorney does leasing agreement
  • Confirm move in date with tenant
  • Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
  • Collect first month’s rent, security deposit and last month’s rent.

RENT COLLECTION

  • Receiving rent
  • Hunting down late payments
  • Deliver 3 day notices

EVICTIONS

  • Filing relevant paperwork to initiate and complete an unlawful detainer action
  • Representing owner in court

INSPECTIONS

  • Perform periodic inspections on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.

FINANCIAL

MAINTENANCE, REPAIRS, AND REMODELING

  • Provide accounting property management services
  • 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
  • Establish a preventative maintenance policy to identify and deal with repair needs
  • Maintain and monitor a 24 hour emergency repair hot-line
  • Larger renovation or rehab projects
  • Provide recommendations on how the project can maximize rental income.
  • Get multiple independent bids for the work

TENANT MOVE OUT

  • Inspect unit and fill out a report on the property’s condition when the client moves out
  • 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.
  • Clean unit and perform and needed repairs or upgrades
  • Re-key the locks

Call us today and ask us about our management fee deals!

We are always looking for properties to take on!!

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