LCAR Unit 21 - Closing the Real Estate Transaction - 14th Edition Revised
SRi_Services_PowerPoint_Slides
1.
2. SRi Property Services
We offer a menu of services tailored to
assist owner-landlords, other property
managers, and even homeowners, just like
you, in managing the day to day tasks
associated with managing (thereby
controlling) your property investment.
3. Let’s face it…
there are many instances in managing your
properties when resolving certain problems is
absolutely not the best use of your time, and
may even be beyond your level of expertise.
4. A la Carte Services
Dealing with Tenant Issues
Managing Your Painters
Troubleshooting Appliance Problems.
Managing Contractors
Preparing the Property for New Tenant
Maintenance and Repairs
7. Tenant Screening and Selection
•Perform background check-verify identity, income, credit history, etc.
•Grade tenant according to pre-defined tenant criteria
Tenant Move In
•Draw up leasing agreement
•Confirm move in date with tenant
•Review lease guidelines with tenant
•Ensure all agreements have been properly executed
•Perform detailed move in inspection with tenant
•Collect first months rent and security deposit
Rent collection
•Receiving rent
•Hunting down late payments
•Sending out pay or quit notices
•Enforcing late fees
8. Evictions
•Filing correct paperwork to initiate & complete an unlawful detainer action
•Representing owner in court
•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.
•Send owner periodic reports on the condition of the property
9. 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
•Advise owner on relevant tax deductions related to their rental property
•Provide easy to read monthly cash-flow statements which offer a
detailed breakdown of income and itemized expenses
10. Maintenance, Repairs, and Remodeling
•Provide and oversee an in-house maintenance crew
•Provide network of licensed, bonded & 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
•Maintain and monitor a 24 hour emergency repair hot-line
•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
11. Tenant Move Out
•Inspect unit and fill out a report on the property's condition when the
client moves out
•Provide tenant with a copy as well as estimated damages
•Return the balance of the security deposit to the tenant
•Forward any portion of the owner’s portion of the tenant deposit to the
owner or hold in owner reserves for repairs.
•Clean unit and perform and needed repairs or upgrades
•Re-key the locks
•Put the property back on the market for rent
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 Full
Service Property Management Services
12. Higher Quality Tenants
Fewer costly and time consuming legal
problems
Shorter vacancy cycles
Better tenant retention
Tighter rent collection process
Assistance with taxes
Lower maintenance and repair costs
Increase the value of the investment
Personal benefits for owners
Benefits of using SRi Property Services :
13. MEET MY
TEAM
Bob Mikell Chelsie Cooper Amy
Branagin
Dan Arnold III Dione Gordon Elton Cerda
Erick Gonzalez Ian Knight James Carney
Jason Graham Jay Auerbach John Kansman
Johnny Mackey KC Caldwell Greg Loomar
Lana Kerr Laurie Mindlin Luis Franco
Marc Zee Marcus Susen Matt Rosen
Max Elimelech Nadia Folic Odelia Godlberg
Roger Edelman Quentin Ballot-Lena Rich
Goodman
Rina Richard Sandra Fieger Sharon Podwol
Stella Amador Susan Lewis Tania Adams
Thomas Fallarino William Merrigan
AND GROWING!!!