Juan88 Realty Property Management Services
Evaluate the property and determine an accurate rental rate
- Perform detailed documentation of the interior and exterior including photos.
- Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing
good ROI. - Gather data on rental rates in the area and work with owners to determine the optimal rental rate. Rent
research will vary, but should include looking at the recently rented comparables according to size and type. - 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
- Clean condo unit and optimize interior appeal
- Create ads tailored to the property and advertising medium.
- Work with other realtors and leasing agents to find a tenant.
- Field calls from prospects for questions and viewings.
- Meet prospective tenants for showings throughout the week and weekend.
- Provide prospective tenants with rental applications that are legally compliant with fair housing laws
Tenant Screening and Selection
- Perform a background check to verify identity, income, credit history, rental history, etc.
- Grade tenant according to pre-defined tenant criteria
Tenant Move In
- Draw up leasing agreement
- Confirm move in date with tenant
- Review lease guidelines with tenant regarding things like rental payment terms and required property
maintenance - Ensure all agreements have been properly executed
- 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 rent and security deposit.
- Rent collection
- Receiving rent
- Hunting down late payments
- Sending out pay or quit notices
- Enforcing late fees of tenant (To be determined by unit owner)
Evictions
- Filing relevant paperwork to initiate and complete an unlawful detainer action
- Coordinating with law enforcement to remove tenant and tenants possessions from unit
Inspections
- Perform periodic inspections (inside and outside) on a predefined schedule looking for repair needs, safety
hazards, code violations, lease violations, etc. - Send owner periodic reports on the condition of the property
Financial
- Provide accounting property management services
- Make payments on behalf of owner (Mortgage, insurance, HOA dues, etc.)
- 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 - Advise owner on relevant tax deductions related to their rental property
- Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and
itemized expenses
Maintenance, Repairs, and Remodeling
- Provide and oversee an in-house maintenance crew
- Establish a preventative maintenance policy to identify and deal with repair needs
- Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who
will do the best job for the best price. - Provide recommendations on how the project can maximize rental income.
- Prepare preliminary cost estimates.
Tenant Move Out
- Inspect unit and fill out a report on the property’s condition when the client moves out
- Provide tenant with a copy as well as estimated damages
- 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 or hold in owner reserves for
repairs. - Clean unit and perform and needed repairs or upgrades
- Re-key the locks (optional as per client’s advise)
- Put the property back on the market for rent
BREAKDOWN OF JUAN88 REALTY PROPERTY MANAGEMENT FEES
Factors That Influence Property Management Cost:
- Size of Rental Property.
- Type of Property.
- Condition of Property.
- Location of Rental.
- Extent of Services.
Juan88 Realty Monthly Management Fee:
Php 5,000/month (Depending on Scope)
Percentage commission from gross rental: One full month lease amount
- 1 month lease of 12 month lease cycle on the 1st year
- Half month lease of succeeding contract
- Half month lease of contract renewal if same client
