Property Management Client Agreement

Transcription

1 Property Management Client Agreement North 71 st Street Suite 100 Scottsdale, Arizona Office Fax

2 Welcome, Thank you for your interest in Scottsdale Luxury Properties Property Management. Real Estate as an investment has traditionally been the greatest means of wealth building. We understand that the difference between a good investment & a great one is often times the company you choose to help you identify and manage your properties. Making a decision to buy investment properties can be difficult. With all of the different laws regarding tenants and landlords it may seem overwhelming we sincerely appreciate the opportunity! We know how important it is to employ the right team of professionals to manage your properties. The right team of professionals will help you maximize the return on your investment and protect the value of your asset through the professional services provided. We at SLP Property Management have a Property Management Certification from the Arizona School of Real Estate and you are the one that benefits. Along with managing real estate we personally buy, sell, and remodel properties which keep us on the cutting edge of what sells and rents. Scottsdale Luxury Properties Broker/Owner currently owns and manages properties including vacation rentals in Puerto Penasco (Rocky Point), Mexico and Pacific Beach, San Diego, CA. Long term rentals owned include Tempe (ASU college rentals), Scottsdale (Kierland luxury rentals), Paradise Valley (luxury rentals), Phoenix, and Ahwatukee (Executive Rentals). He created a start managing properties with his own residence purchased at 20 yrs old, while attending Arizona State University. His twin brother and he thought that buying a five bedroom home instead of a three bedroom home would be beneficial. Calculating that they could live in two of the bedrooms and rent out the other three, the property was rented for years through college never paying a mortgage payment out of their own pockets. Needless to say this was the start to his investment property bug. Take advantage of our wide range of experience over 16 years of buying, selling, remodeling and managing investment properties today! Investment Property sales have consistently been 30-40% of our sold volume year after year. Our philosophy is to provide attention to detail, market expertise, and the individual attention and professionalism necessary to enhance the value of your investment. We are extremely proud of the fact that the majority of our business is generated through referrals from our satisfied customers. Scottsdale Luxury Properties Property Management is the right team for your success! From all of us here at Scottsdale Luxury Properties Property Management, we would like to thank you again for your interest in our company. We also would like to encourage you to please contact us if you have any questions or how we can assist you in this process. Warmest regards, Mario T. Espinoza, Designated Broker Scottsdale Luxury Properties Property Management

3 Our Objectives To provide professional worry-free management services for the real estate investor. To find only the best qualified tenants for your property. To maximize the rental income generated by the property. To keep all of our clients well informed. To become a trusted resource for Real Estate Management To maintain a top level of service, so that clients refer friends and family consistently

4 Property Management Sign-up Checklist Welcome to Scottsdale Luxury Properties Property Management. We are pleased that you have chosen us to manage your investment property. We truly appreciate your trust and confidence. Please take a few moments to review and complete the application materials. Checklist Items: Completely Review all documents. Return the Property Management Agreement, Marketing Package Document and Owners Information Document Return a Copy of Insurance Policy Keys - Home, Mailbox, Swimming Pool, etc. (put in kitchen drawer) Garage Door Opener (put in kitchen drawer) All Common area keys or codes- Pool, Gate, etc. (put in kitchen drawer) Send an authorization letter to the HOA, which directs all correspondence to SLP Property Management (SLPPM). Complete and Return Form for Maricopa County Assessor s Office so SLPPM can register property as a rental Register with Rural Metro Fire Department if applicable Fill out & return authorization form to connect all utilities, from utility companies Return any Existing Rental Documents &Funds (Existing Leases, Move-In reports, Security Deposits, Sales Tax Licenses, etc.)

5 Property Management Overview Scottsdale Luxury Properties Property Management provides the following services when managing property: Procuring business licenses and sales tax licenses in the properties location. Collection and payment of local sales taxes on the rents collected, as requested. Recordation of properties will be faxed to the County Recorder s Office. Collection of monthly rent. Arrange for all repairs, cleaning and maintenance work as needed. Owner s approval is required before major repair work is done. Due to the large volume of business our company does, we receive special discounted rates for most repair work. Start the eviction process in the event it should become necessary. Please note that most Judges do not allow Property Managers to attend court in lieu of an attorney/property owner. Provide a month-end statement of all financial activity including copies of paid bills and work performed. Leasing property to qualified tenants based on credit applications via credit bureaus. Advertising property to maximize the exposure of the property. Collection of Rent via to ensure late fees being added to monthly rent automatically. Ensuring your investment is protected during the entire length of occupancy. Ensuring that the property follows city codes based on renting property. After a tenant is approved for occupancy, Scottsdale Luxury Properties Property Management collects: Long Term: Fully refundable security deposit equal to 1 or 1.5 month s rent Refundable cleaning deposit of $ $ Refundable pet deposit of $ $ per animal (when applicable). Copy of Drivers License or Passport AZ Dept of Health and Safety Pool Safety Notice AZ Tenant/Landlord Act signed receipt by tenant Vacation Furnished Rentals: Fully refundable security deposit equal to $ up to 1 month s rent Non-Refundable cleaning fee of $ $ Refundable pet deposit of $ $ per animal (when applicable).

6 Property Management Fee Schedule Up Front Start-Up Costs per Property: Up Front Start-Up Fees Initial MLS and marketing Setup, Annual Reports (Includes year-end recaps and 1099) and advertising Total Up Front Cost at Time of Contract START UP FEE $ VACATION RENTAL WEBSITE FEES: $ (IF APPLICABLE) + Owners Operating Reserve Account (Not due until property is leased) $ Leasing & Monthly Maintenance Fees (Investor discounts available for multiple properties) LONG TERM UNFURNISHED Management fee - deducted from monthly rents Leasing fee deducted from 1 st months rent SHORT TERM FURNISHED Management fee deducted from monthly rents 20% Booking fee deducted from 1 st rent term $ Other Management Fees Lease Renewal Fee with existing tenant $ The Up Front Start-Up Costs are collected at the time the agreement is signed and all fees are nonrefundable, reserve account is not considered a fee. Other charges which may be applicable under special circumstances will be set forth in the management agreement.

7 Marketing Package The goal is to get your property leased or rented as quickly as possible to a responsible tenant that will take good care of your property. SLPPM has investigated many marketing venues and has created a package for your property to have the maximum exposure possible to qualified prospective renters. The below listed marketing strategies will be employed to help ensure that your property is rented or leased as quickly as possible. Additionally, SLPPM also has included a menu of ala carté marketing strategies that can offer your property the distinct marketing advantage in getting your property the exposure you need. These services are also listed and described in detail below. Included in the Monthly Marketing: ARMLS The Arizona Regional Multiple Listing Service is available to 90,000 realtors throughout the state and country. The ARMLS also shares the rental information between brokers. is a national internet rental service that can be accessed by a potential tenant. Realtor.com shares information from brokers nationwide. Scottsdale Luxury Properties A premier web page to ensure your property the most exposure possible. National internet rental listing service National Real Estate advertising that posts home on 10 websites. Yard Sign on the Property (not available where prohibited). Full Color.PDF flyer via with various photos and info about the property. Lockbox with key container access for real estate agents and prospective tenants. Real Estate Agent on call to show your home anytime. Available Marketing Options for Additional Fee: Web Based Virtual Tour $ we will provide you a virtual tour of your property featuring 360 tour and also traditional photos of your property. Allow the clients to get a feel for your home before they even see it. This feature will really make your home stand out! Vacation Rentals by Owner- $250.00/year - This is one of the most popular websites with the most coverage for furnished vacation rentals. It is one of the best techniques for clientele in resort locations. I/we,, the owner(s) of the property located at:, hereby authorize Scottsdale Luxury Properties Property Management to charge my reserve account the above checked marketing strategy menu services. Owner Signature: Date: Owner Signature: Date: