Our Full Residential Property Management Package

The following is a brief discussion of what is included in our Full Residential Property Management Package

DILIGENT PLACEMENT: Property managers accept calls and inquiries regarding your home. They arrange appointments and coordinate showings of your property.

We have an impressive track record in placing quality residents. We attribute this success to our extensive marketing efforts, screening process and commitment to exceptional service. We believe that one of the most important parts of professional property management is finding a quality resident for your home.

Advantage Asset Management employs a quality marketing program. Most important is our reputation. We are known for quality homes and professional management practices. Promotion efforts include MLS exposure, media advertising, rental flyers, signs, and our company web site. We receive many inquiries by e-mail and have custom software that matches residents with available homes.

Overview of Marketing Resources

After a potential resident is located we conduct an extensive screening process. This process includes credit reports, reference checks and personal interviews. After acceptance, we complete negotiations, execute contracts, process documents and install the resident in the home.

Overview of Resident Screening

PROFESSIONAL MANAGEMENT:As property managers, we collect rents, deal with resident issues, periodically inspect the property and personally supervise the home. The manager provides an "arms length" relationship between owner and resident.

By maintaining excellent relations with our residents and diligently caring for your property, we avoid most potential problems. Residents are informed of their responsibilities regarding your property and their contracts. We will quickly and professionally settle any problems that may arise, with our clients' interest in mind.

If there is a problem, whether it is collecting rents or settling resident disputes, we will handle the situation appropriately. We are knowledgeable in the legal and contractual relationships involved in renting property. If necessary, we are prepared to make a court appearance.

We utilize quality control procedures and proven business practices in the management of your home. In addition to the routine management of your home we are on call 24 hours a day for emergencies.

Overview of Managing the Property

QUALITY MAINTENANCE: Property managers supervise maintenance.

We employ only the most skilled and reliable maintenance personnel. Property managers normally supervise necessary home maintenance. The actual maintenance expenses for the home are the responsibility of the homeowner. Every effort is made to control maintenance costs while maintaining the integrity and value of the property. Problem reports are verified to eliminate unnecessary service calls. Maintenance that is the resident's responsibility or fault is billed to the resident. Our staff oversees maintenance and contractors are not paid until all work is satisfactorily completed.

To control quality, costs, and to manage the high risk of litigation from a maintenance contractor or residents, we've established relationships with experienced contractors that perform quality work at preferred rates.

MONTHLY FINANCIAL REPORTING: We provide monthly statements for your rental income and expenses, as well as online access via our owner's web-portal to view reports. As an owner, you'll be issued a username and password for your login and be able to view the information at your leisure.

We can handle all of your accounting and payment requirements. Income checks and property statements are processed by the 15th of the month. Proceeds are either mailed or directly deposited electronically each month. A complete statement of your property account and an income statement are provided each month. Account history is stored on-line for three years. We can quickly search your records on request. At the end of the year, we prepare a complete package for your tax preparation. Periodically, we send information on the status of your home and the local real estate market.

Other Services

Vacant home services; home watch, winterization, etc.

MANAGEMENT FEES AND OTHER CHARGES: Property management is a very competitive business. Some property managers only offer a standard management service while we offer a range of services. There are different ways property managers can charge for services. It is important to ask what services are optional or available. Be sure to understand all possible charges other than a percentage of the rent.

Our fees and charges are addressed completely in the property management agreement. Examples of common charges for a standard management service are: flat percentage of rent or a percentage of rent plus fees for individual services. Example of possible other fees are placement fees for locating a resident and/or charges for advertising, referral fees, lease renewals, fee for closing an account, and miscellaneous administrative expenses. Example Leasing and Management Agreeement

RATE SCHEDULE: Our fees are very competitive and are based on the services you request. Services are usually computed as a percentage of the rent, a flat fee, or a combination of both. The client controls the level and type of services. Services range from standard property management package or a combination of standard management and other services. We would be happy to meet with you and design a management package that fits your needs. All fees are subject to applicable gross receipt tax. Our percentage fees range from between 6% and 10% of the monthly rent amount, with deeper discounts given to multiple property owners depending on the level of service requested.