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How to Invest In Real Estate Guide
Building wealth through real estate is one of the most effective ways to meet long-term financial goals! However, it’s critical to have the right tools for the best success when buying, selling, or renting income properties.
How To Create a Custom Lease Agreement
A proper rental agreement protects property owners and income from bad tenants and past-due rent. However, many real estate investors don’t have the insights they need for customized leases without additional help.
Expert Guide to Rental Property Management
Many first-time rental property owners aren’t sure what it takes to find good tenants, keep up with maintenance, and collect the rent (on time).
We advertise your property on the MLS where over 7,000 Real Estate Agents in Hampton Roads can view your property. The MLS also shoots that listing out to other sites like Zillow, realtor.com and Trulia among others. We also list on AHRN which is a military by owner site. We have a contact at NATO that we send our listings to and they post it for NATO families coming to the area. We have several in-house sites that we use as well the fact that we have a network of other property managers in the area and a client base also looking for rentals all the time.
We schedule all showings for the property. Once we have an application we run a credit check, eviction and tenant history and criminal background check. When we have compiled all of the info we come to you and go over it with you so that you can make an informed decision. We like the owner to be a part of that decision as we do understand that this is the most important investment you have. Once you have accepted an applicant we go to work and immediately sign a lease and get a security deposit. We don’t take the house off the market or stop showing it until we have that in hand so that we know we have secured a definite tenant.
We do a minimum of one walkthrough per year with a report and photos emailed to you. We collect the monthly rent and take all maintenance calls. We provide monthly statements online as well as invoices, etc., so that you can pull the info whenever you need to. We provide an end of year statement for you along with a 1099 for your taxes.
About 75 days prior to the lease end we will get in touch with you to make sure you are ok with renewing the tenant. If so then we will get with the tenant and let them know that. If they are renewing we will send them a new lease and do a walk thru and they are set for another year. If they are moving out then we will put the property on the market and start the process all over again. We make sure we market it at least 60 days out so that gives us plenty of time to get a new tenant set for move in when the current tenants move out. We do a walk thru with the tenants and disburse their deposit and get the new ones moved in.