After receiving a request from the owner, we will conduct an in-office research on the subject property. This includes: obtaining pertinent information on the property, a market analysis for rental values and current competition in the area.
 

Real Estate Management Network will visit the property to estimate the condition and market value of the property. Recommendations based on the inspection will be provided to the owner.

 

Once the owner has come to a decision to list the property with Real Estate Management Network, LLC., we will prepare a Property Management Agreement.
 

Advertise the property using various marketing channels including newspapers, signage, and the World Wide Web.
 

Once we receive an application from potential tenant, we will conduct a thorough credit and criminal background check, verify employment and contact previous landlords. We will report the results to the owner.
 

As soon as the application is approved by the owner, we will prepare a lease agreement.
 

The tenant will move in on the date specified on the lease agreement.
 

If there are any repairs, we will arrange and meet repairmen/tenants at the property if necessary.
 

We will make any reoccurring payables, owners association, tax or mortgage payments on behalf of the owner. We will remit payment to vendors from owners funds and issue the appropriate tax forms at year end.
 

Monthly property management fee automatically deducted from the rent. Additional services are available.
 

We mail monthly statements that detail the disbursement of rents, maintenance costs, and management fees. Statements are mailed at the end of the current month.
 

We mail monthly owner's funds on the 10th of each month, for the current months income. A reserve is maintained for each property. Any known expenses will also be reserved in the trust account.
 

Year-end statements are mailed to all property owners for business records. Each owner will receive a 1099 for funds issued to ownership to be used for tax filing.