\nNeed a PowerPoint presentation for business plan about running a new property management company taking care of
\nmostly single- family & multi-unit commerical property In Texas – particularly 3 major metropolitans – Austin, Houston, SanAntonio and DFW<\/p>\n
you are the manager of a new property management company. Provide a business plan about your way of growing and taking the property management firm to the next level. In Texas – particularly 3 major metropolitans – Austin, Houston, SanAntonio and DFW<\/p>\n
Average age of property\/ies not to exceed 15 years – around 10-15 single-family homes and 5-10 multi-unit commercial properties<\/p>\n
Pres information about local real estate markets in areas listed above
\nNormal property management activities are applicable – so research all and present how you will manage it
\nWill need to hire legal help in case of any legal issues – research all ex: evictions, county appeals etc.<\/p>\n
Tenant screening, vendor management etc.Rent collections etc.
\nListing, Showings, Getting property ready for showings
\nhan tenant requests
\nclealry list all dependencies and assumptions – example- how many calls per week, month etc.
\nfinancial modeling for cash flow
\nWhat TOOLS to help improve all the interactions and local regulatory requirements
\nno near term plans to hire more people. This assumes one property manager to handle all the above no additional teams. Can hire vendors to get jobs and service requests addressed.<\/p>\n
provode plan for vendor, supplier, server etc management to help reduce costs<\/p>\n
need MS PowerPoint format
\nApA style
\n10 slides not including title and reference pages – no more than 15 slides total – font size 10 single spaced <\/p>\n
Customer, Investor, Owner and Tenenant management
\nkeep all the stakeholder updated about status via different newsletters
\ntenant newsletter, investor and owner newsletter
\nhiliday and thank you to service \/ vendors
\netc
\npossible website maintenanc, photographs and ecommerce expected<\/p>\n
Evaluate the property and determine an accurate rental rate
\nPerform detailed documentation of the interior and exterior including photos
\nOffer recommendations on repairs and COSMETIC improvements that maximize monthly rent while providing good ROI.
\nGather data on rental rates in the area and work with owners to determine the optimal rental rate. Rent research will vary, but should include looking at the recently rented comparables according to size and type.
\nDiscuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.
\nInstall a lock BOX
\nTimely or frequent review for selling and buying recommendactions for investors
\nMarket the property for rent
\nPrepare home for rent
\nClean home and optimize interior appeal
\nManicure landscaping to increase curb appeal
\nCreate ads tailored to the property and advertising medium. Some of the mediums commonly used are:
\nPaid and free rental listing websites
\nPrint publications
\nSigns
\nMLS
\nFliers
\nWork with other realtors and leasing agents to find a tenant
\nProvide a 24-hour hot-line where prospective tenants can listen to detailed information about the property
\nField calls from prospects for questions and viewings
\nMeet prospective tenants for showings throughout the week and weekend.
\nProvide prospective tenants with rental applications that are legally compliant with fair housing laws
\nCollection applications with application fee
\nTenant Screening and Selection
\nPerform a background check to verify identity, income, credit history, rental history, etc.
\nGrade tenant according to pre-defined tenant criteria
\nInform tenants who were turned down
\nTenant Move In
\nDraw up leasing agreement
\nConfirm move in date with tenant
\nReview lease guidelines with tenant regarding things like rental payment terms and required property maintenance
\nEnsure all agreements have been properly executed
\nPerform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
\nCollect first months rent and security deposit
\nRent collection
\nReceiving rent
\nHunting down late payments
\nSending out pay or quit notices
\nEnforcing late fees
\nEvictions
\nFiling relevant paperwork to initiate and complete an unlawful detainer action
\nRepresenting owner in court
\nCoordinating with law enforcement to remove tenant and tenants possessions from unit
\nLegal
\nAdvise in the event of a legal dispute or litigation
\nRefer owner to a qualified attorney when necessary
\nUnderstand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties.
\nInspections
\nPerform periodic inspections (Inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.
\nSend owner periodic reports on the condition of the property
\nFinancial
\nProvide accounting property management services
\nMake payments on behalf of owner (Mortgage, insurance, HOA dues, etc.)
\nDetailed documentation of expenses via invoices and receipts
\nMaintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
\nProvide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
\nAdvise owner on relevant tax deductions related to their rental property
\nProvide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses
\nMaintenance, Repairs, and Remodeling
\nProvide and oversee an in-house maintenance crew
\nEstablish a preventative maintenance policy to identify and deal with repair needs
\nProvide an network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
\nAssign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
\nMaintain outdoor areas
\nLeaf and snow removal
\nLandscaping
\nRemoving trash and debris
\nMaintain and monitor a 24 hour emergency repair hot-line
\nLarger renovation or rehab projects
\nProvide recommendations on how the project can maximize rental income.
\nPrepare preliminary cost estimates
\nGet multiple independent bids for the work
\nAct as general contractor overseeing the work
\nTenant Move Out
\nInspect unit and fill out a report on the property’s condition when the client moves out
\nProvide tenant with a copy as well as estimated damages
\nReturn the balance of the security deposit to the tenant
\nForward any portion of the owner?s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
\nClean unit and perform and needed repairs or upgrades
\nRe-key the locks
\nPut the property back on the market for rent
\nThis isn’t intended to be a comprehensive list of property management services, but it should give you a fair idea of the scope of a property management company’s
\nactivities<\/p>\n","protected":false},"excerpt":{"rendered":"
Need a PowerPoint presentation for business plan about running a new property management company taking care of mostly single- family & multi-unit commerical property In Texas – particularly 3 major metropolitans – Austin, Houston, SanAntonio and DFW you are the Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2534","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/2534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=2534"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/2534\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=2534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=2534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=2534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}