Sunday, March 27, 2011

What Is Involved In Tenant Placement?

To expand upon my last post about "What Do I Get For The Property Management Fee" I will now cover what you are paying for and why it is worth every penny we charge.

After we have an agreement in place for Property Management:

  1. We send out an inspector to complete a Pre-tenant inspection. This compresensive report includes all items that are needed to have the home "tenant ready". 
  2. We will coordinate any work that is needed based on that report.
  3. A visual tour is created for the property.
  4. A individual Marketing Plan is developed for your property.
  5. The property is placed in our showing book, website and all of the items in the marketing plan will be put in place.
  6. Two real estate agents are in place daily at our office to be available to talk to any inquires that come by phone or walk in.  Our agents are the only ones that will show a property.  We never did or ever will send a potential tenant out to a home with a key or a lock box code to a home.  
  7. Prior to showing your property, a pre-tenant screening is done with the potential tenant to verbally make sure they pass our minimum standards for a tenant. 
  8. Once they pass that screening, our agent will make an appointment to show the property.
  9. Protential tenant is given a showing form to fill out telling us about the showing, whether they liked the home, what they liked or disliked about the home and what we could do if anything to get them to put a deposit on that home immediately.  
  10. The showing form is used to complete a weekly recap email that is sent to owner weekly with possible ideas to further market or make a change to price or place an incentive for the property.
  11. Once a good potential tenant is found, they pay an application fee, and place a deposit on the home.
  12. Potential tenant must have a local current ID.  No out of state licences or ID's are accepted.  If someone is moving to the area, they must change their ID prior to moving in the home.
  13. A very thourough tenant screening takes place including credit and criminal checks, previous landlord check, job verification.  
  14. If a pet is allowed, proof of county registration, up to date shots and a meet and greet is scheduled with the dog to take pictures of the animal to keep on file and to assure the dog is not nasty.
  15. Once and if the tenant passes our Resident Selection Criteria, we contact you for final approval of the tenant which must be in writing to move forward.
  16. At this time a move-in date is scheduled at least 48 hours after tenant places and we verify that all utillities are placed in the tenants name.
  17. Prior to move in all adults over 18 must watch a movie at our office that explains how to care for the home and what is expected of the tenant while living in one of our managed homes.
  18. A lease is prepared by our attorney and lease and other paperwork is signed by tenants after we have signature from owner or I have POA to sign on behalf of owner.
  19. A compresensive move in inspection is preformed with tenant at the home with pictures and then the keys are handed over to the tenants.
We don't cut corners.  Each property we place goes through this process.  After years of experience, we have found that this system is what works best and our marketing programs are second to none.  We will be happy to answer any additional questions you might have.  Check us out on the web at http://www.aaarealtyllc.com/ or call us at 239-368-8520 in Lehigh, 239-985-9649 in Fort Myers or toll free at 1-888-243-1720

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