Isn’t it about time you enjoyed the benefits of property ownership without all the hassles? Property ownership should be pretty simple… buy property, rent the property to a quality resident (who pays the rent on time), and enjoy the benefits of your investment- tax breaks, an appreciating asset, additional income. But property ownership isn’t always simple. Sometimes the residents don’t pay the rent (on time or otherwise) — or worse, they damage your property. Then there are complaints, the “Midnight phone calls” for repairs, and trying to find a plumber at 2:00am. And don’t forget the administrative matters — record keeping, collections, and finding reliable vendors.
Kathy & Marlene Provide full management rental services to owners of single-family homes in Agoura, Thousand Oaks, Westlake Village, Newbury Park, Moorpark, Simi Valley, and Lake Sherwood. We are committed to being at the forefront of residential Property Management by doing all that we can to anticipate your real estate needs and exceed your expectations.
Owning an investment property should be a joy, not a burden. Your investment should give you the maximum return with minimum involvement on your part. Let us be your liaison.
The Following is a List of Services We Provide.
Evaluate the property
● 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.
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 months rent and security deposit
Rent collection
● Receiving rent
● Hunting down late payments
● Sending out pay or quit notices
● Enforcing late fees
Evictions
● Filing relevant paperwork to initiate and complete an unlawful detainer action
● Coordinating with law enforcement to remove tenant and tenants possessions from unit
Legal
● Advise in the event of a legal dispute or litigation
● Refer owner to a qualified attorney when necessary
● Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.
Inspections
● Perform periodic inspections (Inside and outside) on a predefined schedule looking for repair needs, safety
hazards, code violations, lease violations, etc.
● Communicate 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
● 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
● Provide a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
● Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
● Maintain outdoor areas
○ Landscaping
○ Removing trash and debris
● Larger renovation or rehab projects
○ Provide recommendations on how the project can maximize rental income.
○ Prepare preliminary cost estimates
○ Get multiple independent bids for the work
○ Act as general contractor overseeing the work
Tenant Move Out
● Perform a Pre-Move-out inspection with the Tenant and document any deficiencies to be corrected prior to vacating.
● Perform a Move-Out Inspection report on the property’s condition when the client moves out
● Provide tenant with a copy as well as estimated damages
● Report deductions and provide the balance of the security deposit to be returned to the tenant
● Have unit cleaned and perform and needed repairs or upgrades
This isn’t intended to be a comprehensive list of property management services, but it should give you a fair idea of the scope of our services.
Berkshire Hathaway Home Services and the Berkshire Hathaway Home Services symbol are registered service marks of Home Services of America, Inc.® Equal Housing Opportunity. Not
intended to solicit property currently under contract. ©2019 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC.