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Owners

Services of Hiring Professional Management

Marketing and Leasing from a property manager you can trust. Our procedures help to ensure the quickest rentals to the best tenants.

  • Advertising typically begins an average of 25 days before the home is vacant.
  • Using current rent comparables and our experience helps produce higher rents and less vacancy.
  • Your property is listed in the REALTOR MLS, and numerous websites including MagnoliaRentalsinc.com, Craigslist, Trulia, Hotpads, Zillow, Yahoo, Frontdoor, ByOwnerMLS, Enormo, Oodle, Trovit, Zumper, MyNewPlace, Twitter, Facebook.
  • Yard signs are placed on the property where appropriate.
  • Our quality long term reputation for well managed properties obtains more showings from other agents.
  • Our rigorous tenant screening assists in finding better tenants.
  • Professional comprehensive forms, developed over the years as one of the busiest Rio Grande Valley property management companies protect your interests and comply with applicable laws.

Active Property Management in the Rio Grande Valley

We are not just “rent collectors”, we are property managers, and we earn our fees each month.

  • We take pictures of the property before move in and at move out.
  • Rents are due on the first and late after the third.
  • We personally call all tenants owing rent after the 5th.
  • We send 3 Day Notices to Vacate if rent not received by the 10th.
  • We file eviction in the middle of the month if the rent is still not paid.
  • We attend all court proceedings on your behalf.
  • We enforce all provisions of the lease.
  • We handle all Home Owners correspondence and/or violations.
  • We have a third party perform a walk through property report on all our homes at least once a year and provide written reports with pictures. (If desired)

Maintenance and Repairs

  • Tenants can request repairs through our website or for emergencies through our telephone system.
  • We do not have an in-house maintenance department that needs to generate work.
  • We use highly qualified, yet reasonably priced, reliable, insured, and licensed (if required) vendors.
  • If necessary or unusual, we obtain competitive bids.

Client Communications, Accounting, and Monthly Statements

  • We use a professional, highly rated, solid accounting software and management database program.
  • We provide electronic monthly statements through our secure Owner Portal on our website.
  • Our detailed monthly statements show all income and expenses and include details of all repairs.
  • We provide simple year-end summary statements and a 1099, making tax preparation a snap.
  • Your monthly statement will show rent (if occupied) or you will have a note from us included as to what steps we have taken to collect the rent
  • Your proceeds are electronically credited to your bank account through ACH.

Fees

  • Our management fee on most properties is ten percent of the collected rent. If we don’t collect the rent, we do not get paid.
  • We do not charge an “administrative fee” to our clients on normal repairs.
  • We charge one month’s lease amount as a leasing fee on a twelve-month or longer lease. This includes all advertising, marketing, and fees paid to any leasing agents.
  • We charge $100 to execute a lease renewal which includes researching rent comparables, preparing the renewal lease, and getting all tenants to sign

Owner Web Portal

Sample Owner Statement Breakdown

Commercial Management Agreement

Residential Management Agreement