Landlords list your rentals for free @ 973Renters.com.
I have too many renters and not enough units!
There is no fee up-front to list your rental on my site. However, If and when I match up a renter to your property there will be a referral fee of $200 due at time of signing of the lease.
Please note: It is your responsibility to do your own tenant screening. BUT all of the tenants will have already fill-out a rental application with me.
Please specify if you are willing to accept Section 8 tenants. I am an expert on Section 8 and I can fill out the Request for Tenancy Approval as an added service. However, for any other consultation services which will include what is needed to get apartment ready for inspection, to determine rental prices, and educate on Section 8 process, there will be an additional $50.
Please email me the information for your available units:
Address
Features & Amenities of the units
Utilities Included/Separate
Asking price and Security Deposits
Willing to accept Section 8? Y or No
If you are interested in hiring an afforable property manager, my fees are as follows: I charge 5% for each unit for a Residential property (up to three family).
Any properties from 4 to 6 units will be 8% of the gross rent. And any units from 7 to 12 units will be 10% of the gross rent. Discount available for group properties.
Read some of my previous posting that goes over what a property manager duties are, Section 8 articles and more.
For more information: Contact Limitless Properties LLC @ (800) 362-0118 OR Email at limitlessproperties@ymail.com
Sunday, August 9, 2009
Saturday, June 6, 2009
Property Management Fees
A property manager will usually charge 10-12% of the gross rent of each unit.
I charge 5% for each unit for a Residential property (up to three family).
Any properties from 4 to 6 units will be 8% of the gross rent.
And any units from 7 and up will be 10% of the gross rent.
This does not included the hiring of a super. If you want a super to maintain your property, the rate is negotiable.
Please note I am an experienced property manager and I am a Section 8 expert.
If you would like to set up an appointment to meet and talk terms, please call me at 973.392.3929.
Looking forward to working with you.
I charge 5% for each unit for a Residential property (up to three family).
Any properties from 4 to 6 units will be 8% of the gross rent.
And any units from 7 and up will be 10% of the gross rent.
This does not included the hiring of a super. If you want a super to maintain your property, the rate is negotiable.
Please note I am an experienced property manager and I am a Section 8 expert.
If you would like to set up an appointment to meet and talk terms, please call me at 973.392.3929.
Looking forward to working with you.
Ever felt like you didn't want to deal with problem tenant
Why not hire a property manager? Property Managers take the hassle out of owning investment property.
Please note: Each property manager duties will vary depending on your contract.
Ever wonder what a property manager duties are:
A. Leasing Units
Advertise rentals
Answer phone inquiries about vacancies
Show vacant units
Accept rental applications
Run credit checks
Select tenants
Accept initial rents and deposits
Negotiate rental leases
Sign leases and sign property condition checklist
Give required disclosure forms
Offer residents optional upgrades and payment plans
B. Property Turnover
Inspect unit upon tenant move-in
Conduct anniversary meetings and send thank you letters
Inspect unit upon tenant move-out
Supervise general cleaning of unit upon tenant move-out
Supervise cleaning of floors, carpets and rugs
Order the cleaning of kitchen cabinets, countertops, sinks, stove, oven
and refrigerator
Order the cleaning of bathtubs, showers, toilets and plumbing fixtures
Order the repair of doors, windows, window coverings, and mini-blinds
C. Rent Collection
Collect rents when due
Promote and establish auto draft and electronic payment accounts
Sign and send rent receipts
Maintain rent-collection records
Collect late rents and charges
Inform Owner of late rents
Prepare late rent notices
Serve late rent, pay or quit, and unlawful detainer notices
Serve rent increase and tenancy termination notices
Deposit rent collections in bank
D. Maintenance
Conduct monthly drive-by inspections
Conduct semiannual interior inspections
Provide monthly report of maintenance, repairs, and utility expenses to Owner
Give rental violation notices when applicable
Order the cleaning of hallways and entryways and other common areas
Order the cleaning of stairs, decks, patios, façades and sidewalks
Order the cleaning of garage oils on pavement
Lawn care, trim bushes and rake leaves
Order the cleaning of garbage and debris on grounds
Arranging for snow removal
E. Repairs (arranging for repairs for the following issues)
Accept tenant complaints and repair requests
Inform Owner of maintenance and repair needs
Categorize and maintain written log of tenant complaints
Plumbing stoppages
Garbage disposal stoppages/repairs
Faucet leaks/washer replacement
Toilet repairs
Stove burners/hinges/knobs repair or replacement
Appliance repair
Light switch and outlet repair/replacement
Heater thermostat repair
Window repair/replacement
Painting (interior/exterior)
Key replacement
Handle all other routine maintenance and repairs
F. Other Responsibilities
Provide his/her phone number to tenants as an emergency contact number.
Within reason, Manager should be able to respond at any time to an emergency.
Meet or call Owner weekly (or monthly) to consult on the job priorities and
give updated reports on status of residents and management priorities.
Submit weekly/monthly reports to Owner detailing activities, materials
purchased and receipts.
Please note: Each property manager duties will vary depending on your contract.
Ever wonder what a property manager duties are:
A. Leasing Units
Advertise rentals
Answer phone inquiries about vacancies
Show vacant units
Accept rental applications
Run credit checks
Select tenants
Accept initial rents and deposits
Negotiate rental leases
Sign leases and sign property condition checklist
Give required disclosure forms
Offer residents optional upgrades and payment plans
B. Property Turnover
Inspect unit upon tenant move-in
Conduct anniversary meetings and send thank you letters
Inspect unit upon tenant move-out
Supervise general cleaning of unit upon tenant move-out
Supervise cleaning of floors, carpets and rugs
Order the cleaning of kitchen cabinets, countertops, sinks, stove, oven
and refrigerator
Order the cleaning of bathtubs, showers, toilets and plumbing fixtures
Order the repair of doors, windows, window coverings, and mini-blinds
C. Rent Collection
Collect rents when due
Promote and establish auto draft and electronic payment accounts
Sign and send rent receipts
Maintain rent-collection records
Collect late rents and charges
Inform Owner of late rents
Prepare late rent notices
Serve late rent, pay or quit, and unlawful detainer notices
Serve rent increase and tenancy termination notices
Deposit rent collections in bank
D. Maintenance
Conduct monthly drive-by inspections
Conduct semiannual interior inspections
Provide monthly report of maintenance, repairs, and utility expenses to Owner
Give rental violation notices when applicable
Order the cleaning of hallways and entryways and other common areas
Order the cleaning of stairs, decks, patios, façades and sidewalks
Order the cleaning of garage oils on pavement
Lawn care, trim bushes and rake leaves
Order the cleaning of garbage and debris on grounds
Arranging for snow removal
E. Repairs (arranging for repairs for the following issues)
Accept tenant complaints and repair requests
Inform Owner of maintenance and repair needs
Categorize and maintain written log of tenant complaints
Plumbing stoppages
Garbage disposal stoppages/repairs
Faucet leaks/washer replacement
Toilet repairs
Stove burners/hinges/knobs repair or replacement
Appliance repair
Light switch and outlet repair/replacement
Heater thermostat repair
Window repair/replacement
Painting (interior/exterior)
Key replacement
Handle all other routine maintenance and repairs
F. Other Responsibilities
Provide his/her phone number to tenants as an emergency contact number.
Within reason, Manager should be able to respond at any time to an emergency.
Meet or call Owner weekly (or monthly) to consult on the job priorities and
give updated reports on status of residents and management priorities.
Submit weekly/monthly reports to Owner detailing activities, materials
purchased and receipts.
Monday, April 27, 2009
Advertising
I get these questions all the time from landlords, "Where should I list my apartment for rent?" Landlords, Did you know that 80% of consumers begin their search online. So your main focus should be online advertising. I have tried out newspaper advertising, the last time I advertised in the newspaper a few months ago it was about $120 for a 4 line ad. Let me repeat that A 4 LINE AD. Could you believe I only received ONE phone call from the ad, I still can't. I only advertised in the newspaper, because it was the wishing of my seller. Point is, no one reads the papers anymore for searching for a home. They rather start online and see pictures, and virtual tours. I'm going to post a list of sites that offer free advertising. THAT'S RIGHT LANDLORDS FREE! So sit tight and log back soon.
Friday, March 13, 2009
Why Should You Rent to a Section 8 (HCVP) Tenant?
Why Not?... Yes, I'm sure plenty of landlords have horrible stories about Sect 8 tenants. BUT according to Fair Housing laws everyone has the legal right to live anywhere they want (and can afford) to live. This applies to both families w/ Sect 8 or regular families paying market rates.
Fair Housing doesn't mean that owners are required to rent to anyone who comes through the door. Property owners have the RIGHT to screen applicants...YOU SHOULD BE SCREENING EVERY APPLICANT.
The key to the screening is that you must treat everyone the SAME! If you require credit and background checks from one tenant, that rule must apply to each tenant that comes to apply for the apartment.
If the landlord's screening uncovers information that indicates that the tenant will not pay their rent on time, or that they will damage the property, then the owner does not have to rent to the tenant. This is why it is for important to screen your tenants. Set a criteria for screening and it must apply to each applicant, equally and fairly.
Back to why you should rent to a Section 8 Tenant? The obvious reason...Section 8 portions are guaranteed. For those landlords that don't know what Section 8 is...it is a federal rental assistance program that is monitored by HUD, that services low income families. Their rental portions will be based on a percentage of their income and Sect 8 will pay the difference of the rental amount. So for example: You charge $1300 for rent; based on the tenants income (calculated by Sect 8) the tenant will be responsible for $300 and Sect 8 pays the difference of $1000. Another benefit is that Sect 8 will give you the opportunity to raise the rents 5% each year.
Let's talk payment standards. The payment standard is the max that can be paid on any particular unit. Section 8 will order a "Rent Reasonable" for the unit. It is an analysis of the rent for unassisted in the area. Even if the max payment standard is $1334 for a 2 bedroom if the rent reasonable comes back at $1300 that is the most Sect 8 will be able to negotiate for your unit.
Fair Housing doesn't mean that owners are required to rent to anyone who comes through the door. Property owners have the RIGHT to screen applicants...YOU SHOULD BE SCREENING EVERY APPLICANT.
The key to the screening is that you must treat everyone the SAME! If you require credit and background checks from one tenant, that rule must apply to each tenant that comes to apply for the apartment.
If the landlord's screening uncovers information that indicates that the tenant will not pay their rent on time, or that they will damage the property, then the owner does not have to rent to the tenant. This is why it is for important to screen your tenants. Set a criteria for screening and it must apply to each applicant, equally and fairly.
Back to why you should rent to a Section 8 Tenant? The obvious reason...Section 8 portions are guaranteed. For those landlords that don't know what Section 8 is...it is a federal rental assistance program that is monitored by HUD, that services low income families. Their rental portions will be based on a percentage of their income and Sect 8 will pay the difference of the rental amount. So for example: You charge $1300 for rent; based on the tenants income (calculated by Sect 8) the tenant will be responsible for $300 and Sect 8 pays the difference of $1000. Another benefit is that Sect 8 will give you the opportunity to raise the rents 5% each year.
Let's talk payment standards. The payment standard is the max that can be paid on any particular unit. Section 8 will order a "Rent Reasonable" for the unit. It is an analysis of the rent for unassisted in the area. Even if the max payment standard is $1334 for a 2 bedroom if the rent reasonable comes back at $1300 that is the most Sect 8 will be able to negotiate for your unit.
Here are the Payment Standards for Newark's Housing Choice Voucher Program (Section 8).
0 Bedroom: $955
1 Bedroom: $1,167
2 Bedrooms: $1,334
3 Bedrooms: $1,597
4 Bedrooms: $1,766
5 Bedrooms: $2,090
6 Bedrooms: $2,295
At those guarantee rent prices, why shouldn't you rent to Section 8? You could find a great Sect 8 tenant that will occupy your property for a few years, with a great screening process.
Section 8 has policies in place to protect the landlords against trouble tenants. If you feel like the tenant is destroying your property, you can file a complaint with their caseworker and get the tenant out of there.
I have great knowledge on the Section 8 program. If you need help finding a tenant or any questions call or email me. Good Luck!
Need help finding tenants!
With some many rentals on the market, how do you find a good tenant?
Hire an agent to find your renter that's how.
As an agent, I can show the property, advertise the property, screen tenants, negotiate rental prices, draw up the lease terms, and deal w/ your headaches. How bout Section 8 tenants? I have experience and knowledge with Sect 8 policies and procedures. I will fill-out the Sect 8 paperwork and handle the inspection the process.
Tenant Screening: I will take a rental application, run tenants credit report, background check, and eviction notices. I will also verify work and landlord references.
I CAN GET THIS RENTED FOR YOU. All for a flat fee!
Call me directly for details @ 973.392.3929 OR email arnotarypublic@yahoo.com
Hire an agent to find your renter that's how.
As an agent, I can show the property, advertise the property, screen tenants, negotiate rental prices, draw up the lease terms, and deal w/ your headaches. How bout Section 8 tenants? I have experience and knowledge with Sect 8 policies and procedures. I will fill-out the Sect 8 paperwork and handle the inspection the process.
Tenant Screening: I will take a rental application, run tenants credit report, background check, and eviction notices. I will also verify work and landlord references.
I CAN GET THIS RENTED FOR YOU. All for a flat fee!
Call me directly for details @ 973.392.3929 OR email arnotarypublic@yahoo.com
Saturday, January 24, 2009
973Landlords
Hi! Landlords of Newark, Welcome to my blog. I have created this blog for advice to help landlords occupy your units. I have also created a site for renters @ 973Renters.blogspot.com.
I am debating on whether or not to ask landlords to send in their vacant listings to post on this site and at my renters blog for free advertising. I might post a poll and if I receive a few hits I might consider doing it. So what do you think; Should I maintain free advertising for landlords to renters?
Please feel free to ask questions or post your comments.
**Disclaimer: I am not an attorney and cannot answer any legal questions. I am only offering advice and resources for landlords and renters.
I am debating on whether or not to ask landlords to send in their vacant listings to post on this site and at my renters blog for free advertising. I might post a poll and if I receive a few hits I might consider doing it. So what do you think; Should I maintain free advertising for landlords to renters?
Please feel free to ask questions or post your comments.
**Disclaimer: I am not an attorney and cannot answer any legal questions. I am only offering advice and resources for landlords and renters.
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