Property management protects your investment

 

Chances are you are looking to maximize the profit from your investments as well as maintain and increase the value of your properties. Here are some reasons why you should hire a property manager:

1. You’ll Make More Money With a Property Manager

2. Property Managers Will Save You Lots of Time and Headaches

3. Better Tenants Thanks to Screening Process

4. Property Managers Know the Law

5. Property Managers Serve As a Buffer Between Owners and Tenants

Full Service Property Management Includes:

Marketing of the Property

  • Provide a current Rental Market Analysis

  • Walk the property and advise the Landlord of any concerns or suggestions

  • Photograph the property for marketing purposes

  • Install a professional yard/window sign

  • Advertise the property for rent on multiple websites including Craigslist

  • Respond to prospective tenants by phone and email

  • Show the property Monday – Saturday by appointment only

  • Closely monitor the element of price, property condition and market fluctuations

 

Applicant Selection/Screening

  • Collection of all necessary documents for screening

  • Acceptance of only complete applications

  • Pull credit report, eviction report and criminal history background report

  • Check sex offender registry

  • Verify bankruptcy information (if applicable)

  • Verify employment and proof of income

  • Verify previous rental history

  • Verification of pets (breed/age/weight and type) – no dangerous breeds

 

Lease Execution

  • Prepare the lease documents

  • Manage and handle the lease signing

  • Collect the first month’s rent and security deposit.

Money & Financial Management

  • Process Rent

  • Process Security Deposit and hold in trust account 

  • On or before the 14th of each month, send rent proceeds to Landlords

  • Pay Vendors/Contractors for services provided (when approved)

  • Provide Year End statements including 1099s for tax preparation

 

Property Management & Lease Enforcement

  • Photograph the interior and exterior of the property to document the condition prior to tenant move in

  • Maintain and manage 24 hr emergency phone service

  • Review and assign tenant-originated work orders and requests

  • Manage all necessary repairs or maintenance to property

  • Screen, hire, and manage Vendors and Contractors

  • Schedule and manage Property Assessments and walkthroughs

  • Leases are updated annually and include any new legislative items

 

Tenant Management & Lease Enforcement

  • Provide the tenant(s) with keys

  • 24 hr emergency phone service

  • Setup tenant account for online rent payments

  • Collect rent

  • Enforce the lease agreement

  • Handle lease and HOA violations

  • Process and handle evictions

BLUE LAKE PROPERTY MANAGEMENT / 360.336.8999 / 317 S. 2nd Street, Mount Vernon, WA 98273

©2017 BLUE LAKE PROPERTY MANAGEMENT