Property Management
Market Research
· A CMA will be performed to determine and suggest market rents.
· Current leases will be reviewed to determine if rents are in line with market rents and market demand, and adjust wherever possible.
Advertising
· All for rent listings are posted on our web site at SouthLakeAssociates.com and Craigslist, and VFlyers with pictures are attached to each listing and distributed throughout many online websites.
· A “For Rent” sign is posted in front of the proper.
· Open Houses are held to generate maximum exposure and rent units immediately.
Tenant Qualification
· Prior to showings, prospective tenants are pre-qualified over the telephone according to the restrictions of the property (pets, smokers) and an appointment to show the property is made. If interested, RHA applications are
processed and verified.
· Credit and criminal background checks are made. Previous rental history and employment are verified.
Leasing
· Comprehensive lease agreements are prepared and signed by all parties. Rental Housing Association forms are used for all documentation.
· Detailed inspections will be performed and all damage will be recorded and/or repaired.
Security Deposit
· Depending on owners preference security deposits and pet deposits will be collected and deposited into a SLA’s tenant deposits trust account. Tenant deposits shall not be applied towards last months rent.
Rent Collection
· Rent is collected on the first of each month and late fees of $50.00 will be assessed after the fifth of the month.
Property Inspections
· Move In: An initial inspection is made with tenant upon move in, and damage report is filed with lease; interior inspections will continue if needed. Exterior drive-byes are more frequent to keep a watch over owners assets.
· Move Out: Advertising starts as soon as a tenant gives notice. Once tenant vacates, a written move out report will be prepared and compared to the original move in report. Tenant is refunded damage deposit per original lease.
Maintenance
· Hire, oversee, and approve all work orders for rental properties using licensed and bonded independent contractors from our supplier lists or owners if they have a specific preferences.
Payments
· Any payments related to the rental property, including insurance, utility billings, homeowner’s dues, repairs and maintenance etc. are handled in accordance with the owner’s instructions.
Statements & deposits
· South Lake Associates Property Management Group uses accounting software which provides a detailed income and expense report for both monthly and yearly totals.
· Rental income can be mailed to the owner or deposited into your rental bank account.
Testimonials
Please call us for 5 star reviews from our property owners, they are happy to rave about our services... We have a proven track record of making owners happy and keeping their valuable assets fully leased with the return on investment they expect. We welcome the opportunity to gain your business to do the same for you!!!
*Not looking for full management but just need help leasing units? We offer leasing services for 3/4 - first months rent depending on rental amount of the unit.
