Q: How will I get my money? A: You will receive your proceeds monthly along with your accounting showing all income and any expenses. Some Owners prefer to have their funds deposited directly into their accounts at no extra charge.
Q: Can I work on my property myself?
A: You hire a manager because: you did not have time, did not feel qualified, you believe in people, no experience, too close to the property, wanted anonomynity from the tenants, wanted professional service; why would you want to jeopordize your income by getting involved with the tenant? You aren't going to be able to deduct your time as an expense like you can if you hire work out.
Q: Do I have to enter into a long agreement?
A: The management agreement is for the term of one year and it will self renew on it's anniversary unless you introduce a cancellation before that date, most of our clients are with us for years, we have clients that have been with us for over 17 years!
Q: Who pays for utilities?
A: In the single family envronment the tenant usually pays for all utilities associated with tenancy, gardening is the one cost that is included with the rent, landscape is expensive and important.
Q: I painted my house in decorator colors do I need to paint it again?
A: Paint comes in many colors because everyone has different taste, a home painted uniformly with neutral colors will rent far quicker and easier than one with specific colors that complimented your furniture and taste.
Q: My house is almost new do I need to do anything to rent it?
A: Contractor grade paint is used by builders and it does not withstand much more than a years light and usage before it needs refreshing. Most builders put a front yard in but not a back yard, get ready for a long wait for a tenant if you are not willing to install a minimal rear yard. Competition is great in the Valley right now.
Property Management is considered a cost of doing business and as such is tax deductable as are most of the expenses associated with Income producing property.