Rental Property Owners

Please follow the link to see our pricing. https://www.rpmwake.com/property-management-fee

To begin management with us your home needs to be “Rent Ready”. When a house is described as “Rent Ready,” it means the property is fully prepared and in good condition for a new resident to move in. This includes making sure that everything is clean, functional, and compliant with any relevant local laws or regulations. Here’s what typically needs to be done to make a house rent-ready:

• Cleaning: The house should be thoroughly cleaned, including carpets, floors, windows, and bathrooms.
• Repairs and Maintenance: All broken or damaged items, such as appliances, plumbing, electrical systems, and fixtures, should be repaired or replaced.
• Fresh Paint: Walls should be freshly painted to remove any stains or wear, and it’s common to use neutral colors that appeal to a wide range of residents.
• Safety Checks: Ensure that smoke detectors, carbon monoxide detectors, and any other required safety equipment are working and up to code (per code all batteries in detectors must be new before each new resident). You may also need to address any safety hazards.
• Functional Appliances: Ensure that all appliances, like the refrigerator, stove, dishwasher, and washer/dryer, are working properly.
• Pest Control: The house should be free of pests. This might require an inspection or treatment.
• Landscaping: The yard or exterior should be maintained, with the grass mowed and bushes trimmed.
• Utilities Set Up: Ensure that utilities (water, electricity, gas, etc.) are functional.

If you need assistance getting your property rent-ready, please note that while we do not manage the process directly, we are happy to help guide you. We can provide a list of trusted vendors who can assist with repairs, cleaning, and any other tasks necessary to prepare the property for rental. Additionally, we’ll offer our expert advice on what needs to be done to ensure the property is in optimal condition for potential residents.

Yes, you are required to allow service animals in your residential rental  property, even if you have a no-pet policy. Under the Fair Housing Act (FHA), landlords must make reasonable accommodations for residents with disabilities, which includes allowing service animals. Service animals are not considered pets, and residents with disabilities may require them for assistance with daily activities. This means that you cannot refuse a service animal simply because you don’t allow pets.

Leasing timelines vary based on pricing, condition, and market demand. Well-priced and properly marketed properties often receive interest within days, while others may take longer. Our goal is always to minimize vacancy by combining competitive pricing with strong marketing.

During inspections, we assess the overall condition of the property, check for lease compliance, and identify any maintenance concerns. Owners receive a report with notes and photos that provide clear visibility into how the property is being maintained.

We determine the market rent for your property by leveraging the expertise of our skilled staff members, who bring years of experience in real estate and property management. Our team uses a combination of the following methods to ensure your property is priced competitively:

• Comparative Market Analysis (CMA): We conduct a thorough analysis of comparable properties in the area, taking into account factors such as location, size, condition, and amenities.
• Current Market Trends: Our team stays up to date with the latest rental market trends, including demand, seasonal fluctuations, and neighborhood specific changes, to ensure we set a price that reflects current conditions.
• Experience and Local Knowledge: With years of experience in the local market, we use our in-depth understanding of the area to price your property optimally, maximizing both rental income and resident interest.
• Property Features and Condition: We also factor in the unique features and condition of your property, adjusting the rent based on the level of appeal and the potential for residents to value those features.

By combining these methods with our team’s extensive experience, we ensure that your property is priced to attract qualified residents while helping you achieve the best possible return on your investment.

We find qualified residents through a detailed and thorough screening process designed to ensure that each applicant is reliable, responsible, and a good fit for your property. Our process includes:

• Credit Checks: We assess the applicant’s credit history to evaluate their financial responsibility and ability to pay rent on time.
• Background Checks: We perform comprehensive background checks to identify any criminal history.
• Employment and Income Verification: We verify the applicant’s employment and income to confirm they can afford the rent.
• Rental History: We check past residency or rental history to assess whether the resident has a good track record of paying rent.
• Compliance with Laws: Our screening process fully complies with
  all applicable laws, including the Fair Housing Act and the Fair Credit Reporting Act, ensuring fairness.

We also utilize advanced software to verify the legitimacy of all documentation provided, and our team of application specialists carefully reviews all the data to ensure the resident is fully qualified. Once we’ve identified a qualified resident, we schedule a lease signing.

Yes. We can help guide you through the transition process, including reviewing your current agreement and coordinating a smooth handoff to avoid disruption for tenants or owners.

Maintenance expenses are typically paid from rental income collected. Depending on your account setup, funds may be held in reserve to cover repairs, ensuring issues are addressed promptly.

For routine maintenance, we handle coordination to resolve issues quickly. For larger or more costly repairs, we will communicate with you and obtain your approval in accordance with your preferences and management agreement.