Property Management & Rent Collection
Property Management Service
In our Property Management Portfolio, we pride ourselves in having a good number of residential and commercial properties. Property management involves collection of rents, marketing of premises, negotiating leases with tenants, maintenance of the buildings and preparation of statements of accounts among other duties that would normally be handled by the landlord in the absence of a property manager.This is one activity that is hectic and annoying when left to Land Owner, it leads to accumulation of bad debts. This is where we come in and sort it.Property Management activities entails;
Preparing The Property -- A visual inspection will be performed on your property to note if any improvements can be made to better market the property and realize maximum return. Monthly rent is collected from tenants by 5th of every month and deposited into the property manager's /or landlords' bank account according to Agent-Landlord Agreement. Monthly rent collections then transferred to the landlord's provided bank account at an agreed date of every month- after deducting applicable commissions and pre-approved expenditures accompanied by a statement of accounts. A contract / Agent-Landlord Agreement is signed between the property manager --Leadhomes Realtors and the landlord/ property owners outlining all pre-agreed terms of engagement. Market Analysis -- We will conduct a comprehensive market analysis prior to marketing your property in order to obtain the maximum reasonable rental amount based on type of property, location and neighborhood, size and market demand Marketing -- We do this to ensure the least amount of days the property is vacant and in getting a quality tenant Qualifying/ vetting Prospective Tenants -- This is to ensure that we have selected the most qualified and quality tenant for your property.Preparing the Lease Agreement -- In order to properly secure tenants prior to occupancy. Inspection Prior to Occupancy -- In order to accurately document the condition of the property prior to tenant taking possession. Rent collections and Remittances/ statements -- Detailing all income and pre-approved expenditures on the property Security and cleaning services -- Coordination and management Utility and Bills payments to relevant bodies as appropriate including water, electricity, rates and any other as may be assigned and agreed Periodic Maintenance and Repairs in consultation/ approval by the landlord / Landlady Annual property Inspections -- To include checking and documenting the condition of your property along with any maintenance requirements Lease Renewals -- We will update our Market Analysis upon expiration of the current lease and advise you on appropriate rent adjustments and/or renewing leases Exit Inspections -- Upon the tenant vacating, a detailed exit inspection will be performed. Condition of your property will be documented. Any damage by tenant will be noted in order to properly disburse the tenant's security deposit. Security, cleaning and garbage disposal services are outsourced in consultation with the property owner/ landlord.
Why should you engage us to manage for you
Investment Bila Stress-You will be free from the stress of chasing tenants who fail to pay rent and you live without worrying about day to day tenants' hassles. We screen tenants in order to get good quality tenants who pay on time and are less problematic. Reduce accumulating debts. We are very aggressive when dealing with issue of rent payment to ensure we reduce rent debts thus increasing profit, we target 98% rent collection.Timely Collections remittances-We ensure that landlords get the money paid to their banks on time as agreed in the Agent-Landlord agreement.Where payments are made to our account we make sure we remit on time and as agreed
Realization of maximum value from property-We ensure you get the value of your investment since the property is kept 100% occupied,reduced rent arreas and in good condition
Avoid loss due to vacant rooms- We use all media of advertisement to ensure no room is left vacant, vacant rooms are a big loss to the Landlords. Good and efficient management We have qualified and experienced staff when it comes to Real Estate field therefore we believe we shall be able to manage properties in the most efficient way.
Tenant Customer Service-There is a strong relationship between rental property profitability and the retention of responsible tenants. We achieve this by developing strong landlord -tenant relationships based on expeditious response to tenant concerns and cheerful customer service
Property Management Fees- Our fees are based on a percentage of client's property gross rent roll each month. Basing our fees on rent collected ensures you do not have to pay a fee based on rent that is not even received.
Property Maintenance and Improvements-We ensure your property is in good state of repairs and maintenance thus value appreciation.
