Real estate investing provides so much opportunity to your retirement portfolio! It's always wise to have have many different sources of residual income.
BUT WAIT!!!... There are so many laws that can cause you massive legal risk.
We can help protect you and your investment!
If customers can’t find it, it doesn’t exist. Between marketing on our local MLS, social media, and our property management software, your home will be easily found by tenant prospects.
We thoroughly screen prospective tenants with an extensive application, background checks, credit checks, eviction history, and reference checks as necessary. Our goal is to find a tenant who pays their rent and takes pride in their new home.
The landlord is responsible for all of the systems of the home (heat, AC, plumbing, electrical, safety issues, etc). We will help give you pointers and suggestions on how to get the most out of your home financially while keeping the home livable and safe.
We have software that allows the tenant to pay their rent in the most convenient ways possible from cashier's check/money order to online payment options. We follow up with tenants when rent is not received and send out prompt letters warning of consequences.
Landlords DO have the right to enter their property for maintenance issues, although we do require to give tenants 24-hour notice. We complete regular inspections as necessary to ensure the home is cared for and maintenance issues completed.
Life happens... A job is lost unexpectedly or a bad apple slips through the process. Tenants are given notice and the eviction process is handled by our agents professionally and as promptly as possible to regain possession of the property and obtain a new tenant.
This Act specifies that a tenant security deposit must be placed in a trust/escrow account or the owner may post a bond. The Act does allow a broker to post a bond when managing their own property. However, it is recommended that the broker place the tenant security deposit in a trust account and adhere to other requirements of the Act such as:
• informing the tenant of the location of the security deposit;
• submitting interim accounting with an itemized list of deductions or the full tenant security deposit within 30 days of the termination of tenancy; and
• submitting a final accounting within 60 days of termination of tenancy.
This Act essentially states that a landlord must:
• comply with building and housing codes unless the structure is specifically exempt;
• make all repairs and maintain fit and habitable premises;
• maintain common areas in safe condition;
• maintain and repair all plumbing, heating, ventilating, air conditioning, and sanitary systems including any appliances supplied or required to be supplied by the landlord; and
• install battery operated or electrical smoke detectors according to the standards of the National Fire Protection Association, etc.
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