Property Management
Successful property management depends upon three factors.
- The home must be in good physical condition
- The tenant must be aware of and willing to fulfill the obligations set forth in the lease.
- The owner must be willing to support the legitimate needs of the property.
The range of management services available at Realty AZ Property Management was designed to support and ensure these goals.
Rent Collection
Good tenants pay promptly and we take rent collection very seriously.
- Our leases require that payments be made on the first of the month.
- Any delinquency is followed up promptly with personal contact and formal, 5-day written notice.
- Late charges are imposed whenever appropriate.
Accounting
Accurate record-keeping keeps you in control of your investment, and our computer system allows for a variety of disbursement methods.
- Rent income can be forwarded directly to you.
- It can be deposited into any account you specify worldwide.
Accounting is on a single-entry cash basis with a separate income and expense ledge maintained for each property.
- Our monthly statements provide you with an itemized accounting of all transactions affecting your property.
- Detailed annual statements are also provided, along with copies of the 1099 MISC form we are required to file by the Internal Revenue Service.
Vacancy Control
Minimizing the costs of vacancies and turn-around times are important concerns at Realty AZ Property Management.
- Lease expiration dates are monitored carefully by computer, and Renewal Notices are forwarded to tenants approximately 45 days prior to expiration. The notices include any necessary revisions in price or terms, and the lead time helps eliminate month-to month extensions.
- Vacating residents are required to give 30 days notice. This policy helps us prepare, advertise and re-lease the property with minimal losses in revenue.
Property Inspections
Our primary objective is always to protect the value of your investment.
- We conduct routine, announced inspections of every property we manage. Residents are present and problems are corrected promptly.
- Our property manager also makes frequent, unannounced driving tours.
- When residents vacate, a thorough check-out inspection is conducted.
Repair and Maintenance
Constant supervision, inspection and regularly scheduled maintenance combine to keep major repairs to a minimum. When maintenance or repairs are necessary, our goal is to provide prompt, quality service at a reasonable price.
- We contract for all repair and maintenance services with qualified, independent vendors and contractors. Since we manage a large volume of properties, Realty AZ Property Management has the leverage to ensure quality performance. We know what repairs should cost and how long the take to complete.
- We monitor all contracted labor and accurately document all expenditures.
Email us @ Greg@RealtyAzPropertyManagement.com
A Division of Friedman Realty AZ