All Forum Posts by: Kim Meredith Hampton

That is right, they won't open up the ceiling fan, it is more visual on those items, but I don't like having to replace items such as ceiling fans and washer/dryers, hot tubs etc... The inspections are important as a third party setting eyes on the property and giving the tenant a copy to keep everything transparent. 

Sounds like you may be handy yourself and don't need a professional to tell or point out these items.

Perform as much due diligence on rent pricing prior to avoid too long of a vacancy. So many online pricing tools to help; Craigslist, Zillow etc...

Also important to have the property looking its best. Also keep in mind the time of year for your area 

I try and avoid having them installed at all, it's just another maintenance monster issue like washer and dryers!! I would rather put in a ceiling light fixture: easy and simple. The fighter end properties are a little different animal. 

You may want to add a clause to the lease that states that the fans are their for their use, but if they break, they will not be repaired .

On another note, I have all my properties inspected by a professional prior to occupancy.

I think once you get into that 70-100 units and depending on the condition of the property. You may be better served with a maintenance person.

There are many PM 's that can do things remotely in lieu of wasting an appt onsite for that person. Most applications, rent and maintenance requests can be done online. If you live close and have the time , you could do yourself with technology resources. Just depends on how much time you have available

Let me know where I could send a copy of my RSC. This should help. May need to make a couple of revisions for your area, but overall very helpful 

I put it in renters criteria. They can purchase from us, or must provide with a copy of their policy and my company named as additional insured. It really is more for the benefit of the owner, but takes care of their items as well; fire flood etc... This would be a second line of defense for the owner. 

Do you have a resident selection criteria? 

I would really try and work with the guy, seems like he's at least trying; paying the rent and keeping the place in good condition. Would you rather have it vacant and turn costs?

When does the lease end? If he doesn't find a job by that time, give him a proper termination if you still feel he can't live up to the lease obligations 

Make sure it doesn't belong to the existing tenant, if you have a lease application with vehicle information. At the eviction, tag the car and sat it will be removed with xxxxdays. Then contact s local towing company in the area to remove.

Sometimes if a neighbor knows that the property is vacant they will park their car in the driveway temporarily 

I would say there is no norm, but I gather from my experience in the area, most charge about 10%per month for management and a fee for a new tenant. The procurement fee ranges from 50% to a full months rent. Most companies will work with you in you have multiple properties: whether single or multi family. There could be additional fees if they perform inspections, pay taxes etc... just depends on what kind of service you need.