RPM offers lease-only as well as full management programs. Lease only is a one time leasing of your property. We handle all of the marketing, advertising, and showing required to find a tenant for your property. We carefully screen all applicants and deliver a qualified tenant and signed lease. Full management will also secure a tenant while providing full management service during the lease period. We collect rent, pay bills, and handle all maintenance. We can also pay your mortgage, insurance, HOA dues, and property taxes if you wish.
- Updated: September 24, 2008
2.
What are some of the benefits associated with choosing full management? - Top
We provide monthly financial statements to reflect all activity related to the property. We also do yearly inspections of the property and send you written reports of the findings. When at the property, we examine the overall condition as well as look for preventative maintenance items. Additional periodic inspections may be done at the owners’ request.
- Updated: September 24, 2008
3.
What fees are associated with each option? - Top
LEASE ONLY: We collect a non-refundable deposit of $95 which applies to your leasing fee. The remainder of your one-time leasing fee of $695 (a balance of $600) plus posted sign fee and necessary repairs are subtracted from your tenant's first rent check. FULL MANAGEMENT: A one time set-up fee of $45 and an operating deposit of $250 are required at the time of signing the management agreement. This deposit would remain in your account to handle miscellaneous repairs. Your monthly check subtracts a maintenance fee of 10% of monthly rent with a $95 minimum and a $150 maximum plus any necessary repairs. A financial report accompanies your end-of-month disbursement check.
- Updated: August 23, 2011
4.
What steps do you take to evaluate prospective tenants? - Top
After a prospective tenant completes an application, we verify their employment and income level, check their references including previous landlord, and review their credit history. We review all information regarding the tenant with you and assist you in making the decision to rent to a prospective tenant. Following your approval, the lease is drawn and signed and the security deposit and rents are collected.
- Updated: September 24, 2008
5.
How quickly can I expect you to find a tenant? - Top
The length of time it takes to find a tenant depends on the property type, location, condition, and rent. Our goal is to secure a tenant within 30 days of acquiring the property. Using their knowledge of market trends, our agents help owners set a rental price that allows them to maximize their dollar without allowing the property to remain vacant for long periods of time. The most important factor in leasing a property quickly is determining a competitive rental price. The second most influential factor in leasing a home quickly is the home’s condition. Clean, crisp homes rent first. This means the interior carpets, walls, windows, drawers, cabinets, etc. should be free of dust, dirt and stains. Your agent will help you prepare the home to be listed.
- Updated: September 24, 2008
6.
What will be my responsibilities with Lease Only vs. Full Management? - Top
LEASE ONLY: Owners are responsible for all rent collection and maintenance issues once the tenant signs the lease contract. FULL MANAGEMENT: RPM handles all rent collection and maintenance issues related to the property. RPM will contact the owner if necessary repairs exceed $250. Owners need only supply proof of homeowner’s insurance renewals.
- Updated: September 24, 2008
7.
I'm interested in listing my property through Ross Property Management. What is the next step? - Top
Call or email our office to make an appointment with one of our agents. 925-462-9090 or email staff@rosspropmgmt.com
- Updated: September 24, 2008
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