Real Property Management 360

All prospective tenants must participate in an extensive screening process. Each adult over 18 yrs. of age must complete an application. First, nationwide background checks and eviction database screenings are completed to look at criminal backgrounds and the sex offender registry. Next, we ensure they qualify financially by reviewing their credit report, verify employment, and review pay stubs and/or tax returns. Finally, we review their rental history by contacting their previous two landlords for references.

Our rigorous tenant screening process usually prevents these types of issues; however, if a problem should arise, we always respond promptly and aggressively. Rent is due on the 1st and is late on the 4th. If rent has not been paid at this time, the eviction process begins promptly on the 6th of the month in question. The eviction process is started with a 3-day notice to pay or quit. Nuisance issues are handled in a similar way with one warning given before a notice is posted. We work with a local attorney when an unlawful detainer is filed with the court.

Getting properties rented efficiently is pivotal to our success and happy client owners, we must generate as many qualified leads as possible. We achieve this by syndicating marketing efforts to the top rental websites (over 20+). We also pre-screen prospective renters and inquire about who will be living with them, the number of adults, number of minors, and if they have any pets. We also ask how long they have been at their current employment. Our software allows us to follow-up and get feedback for every interested party. Any call into our office is also answered live between 9:00am-5:00pm, Monday through Friday, this is crucial to get homes rented fast because if they do not speak to someone, they go elsewhere. We also schedule weekend showings by appointment.

Much like the real estate market determines sales prices, the local rental market determines rental rates. There are three factors that contribute to how much your rental property will receive in rent each month. Availability and rental rates of comparable properties The features and benefits of your property The marketing exposure for your vacancy After we receive the details of your specific rental property, we will complete a market analysis and set a starting price. We then evaluate all vacancies under our management on weekly basis, making adjustments in the price or within our marketing strategy to get it rented as quickly as possible.

Statistics show over half of all renters have pets. Being open to pets you will increase demand through the entire prospective rental pool, thus increasing the rental price as we charge an additional $30 per pet, per month. If maximizing rent is important to you, maybe you should consider pets. If you would rather play it safe, it is OK to say no pets. If you are open to a pet, we always say, “pet considered”. That means we may approve the right pet, not all pets. Emotional Support Animals are handled per federal and state law requirements. Ask for more information.

The tenant pays RPM 360 rent and we deposit it into our trust account. Most of our tenants pay rent electronically. Once funds have cleared the bank, we direct deposit the rent from the current month, minus our fee and any other expenses, into a bank account of your choice. Owner payments are made weekly.

Yes, if an owner has a specific handyman or vendor they wish to service their property, RPM will note in their portfolio to contact them first for service. When the property is vacant, owners can handle the repairs needed to make the property “rent ready,” if they choose. Our preference is to use our vendors to ensure leasing deadlines are met, as we work with these vendors regularly, they are insured, licensed, reliable, trusted and we know what to expect.

For tenant-occupied homes, tenants submit a maintenance request via their online tenant portal or our 24 hr maintenance hotline. Our portal allows tenants to submit a work order request by providing a description of the issue as well as upload photos of the issue, when appropriate. Tenants can also track the status of their request online. When a request comes in, we assess it and see if it needs immediate dispatch or if we can proactively troubleshoot the issue with the tenant. If the issue needs to be fixed, we assign the work order to one of our preferred vendors. We utilize third-party vendors/independent contractors for all work. We make sure the cost of the repair is fair and that the work was completed satisfactorily. The management agreement allows us to approve any repair under $500, without having to bother our clients. Larger repairs over $500 require owner approval, so we will contact the client in those cases. Exceptions to the $500 approval rule include emergency maintenance and habitability issues. If we have to act quickly to protect persons or property we will do so, to protect our owners’ best interest.

The leasing process has many variables including time of year, local inventory, condition, and asking price. When the home sparkles and is move-in ready, it will make a great first impression and generate preferred renters. In most cases, we can find a qualified applicant and fill vacancies within 30 days. When we get feedback from potential renters when showing a home, RPM 360 will bring this to your attention. If the asking price is not getting the response needed we will discuss the condition of your home or if reducing the price may be recommended.