Property Management Fees

 

Full Property Management

For our full property management customers we will provide all of the following services:

  • Market your home
  • Show your property to prospective tenants
  • Screen applicants
  • Prepare lease agreement and provide legally required notices
  • Collect and hold security deposits in our trust account
  • Conduct move-in/move-out inspections
  • Collect rent and distribute to owner
  • Distribute legal notices such as 3-day and rules violation notices
  • Correnate supervise maintenance people and contractors

Fees charged for these services are a management fee of the rent collected each month.

 

Lease Only Clients

There are some people that, despite all the many benefits of hiring a professional property manager, still desire to manage their own property. If you are one of those people, we can still help by finding you a qualified tenant. Our professional service can include:

  • Marketing your home.
  • Showing your property to prospective tenants.
  • Screening applicants.
  • Preparing the lease agreement and providing legally required notices.
  • Collecting security deposit and initial rent.

After all that, we will turn over our file, the security deposit, and the initial rent to you.  Your home will be yours to manage from there on. And, when your tenant does eventually decide to leave, we can start the whole process over again for you.

Fee charged for this service are a full month's rent (minimum of $1,000) upon tenant moving in. 

 

Importance of the Multiple Listing Service

At TEAM Swanson we have found the Multiple List Service (MLS) to be an unparalleled tool to quickly renting out your property. The MLS you used when purchasing your home, is the same MLS we use when leasing your home.

There are real estate agents who are currently working with buyers and sellers. Sometimes these buyers and sellers decide that the current market condition is wrong for them to buy/sell. So, in order to maintain their agent/client relationship, the agent will help their clients to find rental homes via the MLS.

Your entry into the MLS will open up the ability for those realtors to find and recommend your property. In addition, the largest real estate websites pull their inventory from the MLS. Your inclusion in the MLS will allow prospective tenants to find your property.

Our experience has shown that the number one obstacle to profitability is the vacancy rate. A vacant property is a “bad thing normally”. We always use the MLS when marketing our properties to get them rented faster and reduce our vacancy rates.