Property Management
Homeowners, we understand that sometimes selling your home is not an option due to lack of equity or you just want an investment property that will provide a monthly cash flow or you just want to keep while away working in another state or country. Whatever your personal goal, we’re here to help.
RENTAL LISTING - $1,700 - $200 non refundable deposit in the form of cash, check, or credit card, the remaining balance will be paid when we acquire a tenant. The balance will be deducted from the renter’s first month’s rent and if the rent is below the listing fee, then the additional amount owed will be deducted from the 2nd month rent.
In addition, a FINDER's FEE of 10% of 1st Month's Rent will be paid to Tenant’s Agent for marketing. It's best to offer more - 20% of the rent or $300-$500 so that the tenant's agent will be encouraged to show the unit.
- Free listing consultation
- Detailed CMA (market analysis of your home) and Rental Analysis
- 60 days listing contract with an option to cancel after 30 days.
- Free listing extension.
- Listing through our local REIN MLS (multi-listing service) which consist of over 7,500 real estate agents in our area. Some of these agents are currently working with prospective renters and searching rental properties using REIN MLS.
- Online listing exposure - Zillow, Trulia, Homes.com, Redfin and other online websites.
- REIN lockbox - Easy access for agents and prospective renters.
- Use of REIN contracts and disclosures
- Up to 20 photos
- Showing schedule
- Review of Prospective Tenant’s Rental application
PROPERTY MANAGEMENT
•Monthly property management fee - 10% of monthly rent
•Tenant’s Rental Deposit will be held in an escrow
•Emergency Repair Deposit - TBD by M & M Realty based on property
(amount will be deducted from first month’s rent)
FREQUENTLY ASKED QUESTION
Why do I have to pay an upfront fee or deposit?
As you may know, agents are paid by commission and they are only paid when the house rented. Would anyone work for free? I’m sure the answer to that is No. Agents/Brokers invest their time to assist their customers with the hope that it will provide a paycheck in the end. One of their main expense is the membership dues to the local MLS -REIN. They pay the dues whether they rent a home or not for the usage of the MLS to list and search for homes, for using all their legal forms and for leasing their lockboxes.
Why do you need an emergency repair deposit?
Property management company is required by the state to make certain repairs as soon as possible for the welfare of the tenants.
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