January 04, 2011

What's in store for 2011?

Posted to Justin Stevenson, Owners, Residents (Renters), Sellers

Looking back on the 2010 year many of us may think that the real estate market was hard to manage and many people lost out on a lot of money. In some ways this was true but it made us stronger and it made us more educated to know what to expect for the future. Let’s stay positive and make the 2011 year great. Don’t give up! If you need to sell your home, do it, don’t be afraid. If you are thinking about buying a home, do it, now is a great time to be a homeowner.

For those of you who need to sell your home for some life-changing reason like change of career, new addition to your family, or any other reason and you’re having a really hard time selling your home and you are losing money each month I have the solution for you. The solution is rent the property out. At Welch Randall Realty not only do we help real estate clients buy and sell properties, but we also have a property management department. So many of our clients get in a tight spot with a property and feel like they are going to lose it because they are having a hard time covering the mortgage. By renting the property this can help cover the mortgage owed on the property. This may sound scary because there are so many horror stories about renters and them destroying properties or them not paying rent. With a property management company those scares go away. Here are a few of the things that our property management services cover for our clients:

1. Placement of Internet Marketing syndicated on over 50 websites with over 40,000 clicks per month

2. Showing your property to potential residents

3. The screening of all tenants for credit, criminal and past rental history

4. The signing of approved Rental Agreements in accordance with Fair Housing Laws

5. Resident advantage Protection Plan extending the security deposit to $3,000 in accidental damage coverage and up to one month in skipped rents

6. View your history of owner draws and contributions

7. Sign-up to receive owner draws electronically

8. Download your management agreement and other important documents

9. View income and expenses for each of your properties

10. Run key financial reports on demand

11. The collection of rents and distribution of those rents by check to owners

12. Sending collection letters, or “Pay or Quit” notices to past due residents

13. The receipt of resident calls for service and the dispatch of contractors for repairs

14. Ability to track income, expenses, and bank balances online 24/7 and print reports on demand

15. Payment of contractors, utilities and mortgages where appropriate

16. Sending owners estimates of work to be done for approval per the Agreement

17. 30-day skipped rent coverage for owners with Smart Deposit Protection

For more information please contact me at justin@welchrandall.com or cell number 801-710-8081. As well please feel free to check out our company website at www.welchrandall.com

Posted by:  Justin Stevenson