PROPERTY MANAGEMENT

1. Find the procure tenants with detailed application. (application fee from tenant)

· Run credit and reference checks, screen prospective tenants.

. Advise owner about qualifications and whether or not they would be acceptable tenants.

· Sign leases within owners dictated requirements.

· Collect one month's deposits plus any pet deposits.

· Provide security deposit escrow account.

· Pay and repair bills and disburse proceeds from rents.

· Advise tenants about turning on utilities, etc.

· Attend move in inspection with tenants and provide keys.

. Collect monthly rents.

. Deposit owner proceeds into their bank electronically.

. Send monthly and annual owners statements and copies of any repair bills (we have 3 bookkeepers and manage 1400 rentals through our office).

. Enforce late payments, evictions, and court proceedings, if necessary.

. Adhere to Hampton Roads Realtor Association rules, regulations, and ethics.

· Adhere to Virginia Landlord & Tenant Act.

. Require tenants to have renters insurance.

. Preform periodic inspections of property.

. Provide maintenance coordination and advisory services.

. Attend tenant move out inspection, key return, utility turnover, etc.

. Prepare documentation for tenant deposit return.

. Professional, personalized Services and Documentation means reduced liability for owners and property manager.