Q: How much is the monthly fee for managing my property?

You pay the amount agreed upon in the property management agreement (typically 4% to 8% of the rent collected or flat fee). There are no additional fees for our services.

Q: How long does it typically take for you to rent a property?

The average time for us to rent a property is approximately two to three weeks. We would rather take a couple extra days to find a highly qualified tenant than to rush the process with a lower caliber tenant. Ultimately, the climate of the market will determine how long it takes to rent a property.

Q: How soon should I expect to receive the monthly rent check?

Typically, you will receive your rent check no later than the 5th of each month. We can also deposit your check for you into your local bank, (i.e. B of A). The full amount of the rent will be deposited into your account the day we receive it.

Q: When do I pay for your services?

We are averaging less than one eviction per year. We work hard to obtain highly qualified tenants in an effort to avoid an unlawful detainer action. This is the most important step in property management.

Q: Do you have a client Trust Account?

Our specialty is single family homes and townhomes/condos. Most owners like getting their full rent deposited into their account each month and paying their mortgage and property taxes on their own. We bill you monthly for our management fee for any vendor work that has been performed.

Q: Do you charge more if you need to go to the property for various reasons?

You will only pay the flat fee or percentage agreed upon regardless of how many times we visit the property. We do not charge any other fees except for the initial leasing fee of $535 no matter how long it takes to rent your property. There is an annual renewal fee of $95 per year. This fee includes comp analysis, case negotiation with tenant and doc prep.

Q: What is the procedure if we need to evict a tenant?

West Point Property Management will work with a real estate attorney to evict the tenant, including going to court on your behalf with the attorney. You will not need to be present in court. There are no additional charges from our company for doing the eviction; however you will need to pay the attorney’s fees, which range from $350 to $900.

Q: What are the required forms by law that a tenant must sign?

By law the tenant is required to sign the “Data Base Disclosure” and “Lead Based Paint Disclosure”. We supply all the forms for the tenant..

Q: Do you favor a 12 – month lease or Month to Month contract?

We have the most success with a yearly lease. This way, if the tenants break the lease they will be liable for the lost rent and expenses to re-rent the property.

Q: Where do you advertise?

We use major media sites such as Zillow, Trulia, HotPads etc with great success. Your property will be listed on just about every real estate site that advertises rental properties. It will also be posted on our website.

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5 Factors On Why You Need A Property Management Company

Posted on February 25, 2021February 25, 2021 by Tom Seilheimer

25
Feb

5 Factors When Choosing to Hire A Property Management Company When dealing with a home, you will have to decide whether hiring an orange county property management company would benefit you. Your need for a property specialists might depend upon a great deal of aspects. the range from your residential property. Distance Between Your Home […]

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