Property Management Q & A
Q. I've never used a property management company, what is my first step?
A. Contact Steve Thomas, CPM® ARM® and request a "New Client Start-Up
Kit" or request a fee quote on line. It's that simple. This easy to follow kit will answer many of your
questions and allow for a smooth transition of the management duties to SCT
Properties.
Q. Your fees range from $75 per single family house and/or 3-8% for apartment units, but exactly what will you charge me?
A. To quote a specific fee, I need to know more details
about your property. Number of units, unit size, condition, location and your goals for the
property, all factor in the fee quote.
Q. My property is managed by another company. How do you suggest we change
to SCT Properties?
A. We maintain a professional working relationship with
several property management companies. With your permission, we will contact
them and arrange for a smooth transfer of the management duties to
SCT Properties
Q. What services do you offer as a management company?
A. Our management highlights are
published with our Mission Statement
and Company Profile.
Q. Do I loose control of my property with property management?
A. No, not at all. Although you will have no day to day
management headaches, we provide you the essential monthly accounting statements
and regular written communication to keep you informed.
Q. What if the tenant doesn't pay the rent?
A. We will prepare and serve the appropriate legal
notices and arrange to legally evict the tenant(s) if necessary as quickly as
legally possible and at miimum cost.
Q. Are your management fees tax deductible?
A. Very likely. You will want to consult with your tax
advisor who may advise that our fees are tax deducible as a ordinary
business expense.
Q. We're not sure whether to hire a manager or sell, what do you recommend?
A. Often we recommend you hire SCT Properties as the property manager as your first step, before selling. We can often exploited your property's potential by improving the curb appeal, increasing revenue and in turn increase the property's value. Once your property is under our competent management, should you decide to sell, as a real estate broker we can represent you and at reduced commission rates. It makes sense to have us as the manager also sell your property and arrange for all inspections and provide the necessary property related financial documents to the potential buyers.
Q. Do you screen the applicants?
A. Yes. We are connected via computer to 1st American
Title Credit, a consumer credit search company.
We screen for skips, judgements, evictions, even unlawful detainer filings.
We don't rely entirely on the credit report, each application entails
several points of cross reference. You will benieft from our experience of
having interviewed thousands of applcants .
Q. How do you find renters?
A. We selectively use local news papers, 24 hour/7 days
a week application and list availability, 24 hour fax-on-demand (619)477-4457,
existing tenant referrals and "+ contact + "" )
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