Accountants only need the year-end cash flow statements to prepare your tax returns.
Management fees vary between 10-15% of the monthly rent, depending on the location and the number of units.
We manage income property from the standpoint of ownership instead of caretaker.
Services we perform as a Property Manager
Marketing
Advertising, determine rent, devising promotional strategies.
Merchandising Vacant Units
Each vacancy is analyzed separately for it's unique features translating into benefits for prospective tenants.
Screening Tenants
A critical function. Knowledge of discrimination laws, Federal and State Fair Housing Laws, California and Federal Consumer Credit Protection Laws, and the use of legal, enforceable forms.
Collecting Rents
Owners expect property managers to collect rent every month in full and on time.
Paying Bills
Paying mortgage payments, utility bills, property taxes, insurance payments, venders and maintenance men all in a timely manner to protect the credibility of the owner.
Supervising Maintenance
Property managers must verify that any maintenance performed is thorough and cost-effective.
Bookkeeping
Property Managers are required to report every instance of income and expense, to keep complete records for tax purposes and be accountable to the owners accountant of bookkeeper.
Reporting to Owners
A formal income and expense statement is provided monthly.
Notices
Serving of all legal notices to tenants. From walk-throughs, 3-day notices to pay or Quit, 3-day notice to perform, 30-day to terminate to unlawful detainer and writ of possession. And the knowledge to follow through with each one and perform.
Evictions
Knowledge with unlawful detainers, at-issue memorandums, writ of possessions and money judgments. To stand up in a Court of Law and protect the owner and his property.
Small Claims Actions
To be able to follow through with collecting from co-signers or tenants who abandon or leave the property still owing money for rent or damages.