Our one-time tenant placement service is for owners who want to manage their own rental property, collect rent, and provide services, but doesn’t want the hassle of dealing with the phone call or showings and can benefit from the exposure and marketing reach offered by Montecillo Properties in locating qualified tenants.
The property owner signs a simple contract, allowing Montecillo Properties to list and market your rental, and pay a one-time set up fee of $100 to establish your account. Your property manager will look at comparable rental data in the area to help determine the optimum rental rate for your property. We will then use popular rental websites to market your property as widely as possible. Our goal is to find you a great tenant as quickly as possible.
One of the most important parts of renting your property is to make sure everything is done to attract and retain high quality tenants who will take care of your property and pay the rent on time. We have experience in running full credit check. In addition, we do income verification and know what red flags to look for in the tenant screening process. The tenant screening process doesn’t cost the owner anything. We will also require the tenant to pay the security deposit and sign a deposit holding agreement to take the property off the market after approval, but before the move-in date.
Our property managers use updated, standard leases, with the addition of appropriate addenda (pet, parking, pool, etc.) and are fully aware of all disclosures that must be made by a landlord to a tenant. We handle all the preparation for you and have the paperwork ready when we meet the tenant to sign the lease.
After the tenant moves in you are ready to take control. We will forward you all the executed documents, the move-in and walk through paperwork, and photos recording the condition of your unit at the time of signing. The first month’s rent, minus our tenant placement fees, and the security deposit fund will then be transferred to up as well.
If taking over the day-to-day management of your property ends up being more of a challenge than you expected, the good news is that we are more than happy to step back in and provide you with one of our property management services.
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