FULL SERVICE PROPERTY MANAGEMENT FROM ONLY 29.00MONTH (CENTRAL CT)
Please call us at for ALL options and details, or visit our website at
CosmopolitanRG.com
List of Services Offered
Evaluate the property and determine an accurate rental rate:
• Perform detailed documentation of the interior and exterior including photos
• Offer recommendations on repairs and cosmetic improvements that maximize monthly rent
while providing good ROI.
• Gather data on rental rates in the area and work with owners to determine the optimal rental
rate. Rent research will vary, but should include looking at the recently rented comparables
according to size and type.
• Discuss with owners the pros and cons of different policies such as accepting pets, allowing
smoking etc.
• Install a lock box
Market the property for rent:
• Prepare home for rent
o Clean home and optimize interior appeal
o Manicure landscaping to increase curb appeal
• Create ads tailored to the property and advertising medium. Some of the mediums
commonly used are:
o Paid and free rental listing websites
o Print publications
o Signs
o MLS
o Fliers
• Work with other realtors and leasing agents to find a tenant
• Provide a 24-hour hot-line where prospective tenants can listen to detailed information about
the property
• Field calls from prospects for questions and viewings
• Meet prospective tenants for showings throughout the week and weekends.
• Provide prospective tenants with rental applications that are legally compliant with fair
housing laws
• Collection and processing of applications
Tenant Screening and Selection
• Perform a background check to verify identity, income, credit history, rental history, etc.
• Grade tenant according to pre-defined tenant criteria
• Inform tenants who were turned down
Tenant Move In:
• Draw up leasing agreement
• Confirm move in date with tenant
• Review lease guidelines with tenant regarding things like rental payment terms and required
property maintenance
• Ensure all agreements have been properly executed
• Perform detailed move in inspection with tenant and have tenants sign a report verifying the
condition of the property prior to move-in.
• Collect first month's rent and security deposit
Rent collection
• Receiving rent
• Hunting down late payments
• Sending out pay or quit notices
• Enforcing late fees
Evictions:
• Filing relevant paperwork to initiate and assist in completing an unlawful detainer action
• Assisting owner in court if desired
• Coordinating with law enforcement to remove tenant and tenants possessions from unit
Legal
• Advise in the event of a legal dispute or litigation
• Refer owner to a qualified attorney when necessary
• Understand and abide by the latest local, state and federal legislation that apply to renting
and maintaining rental properties.
Inspections
• Perform periodic inspections (Inside and outside) on a need basis looking for repair needs,
safety hazards, code violations, lease violations, etc.
• Send owner periodic reports on the condition of the property as needed
Financial:
• Provide accounting property management services
• Make payments on behalf of owner (Mortgage, insurance, HOA dues, etc.)
• Detailed documentation of expenses via invoices and receipts
• Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
• Provide annual reporting, structured for tax purposes as well as required tax documents
including a 1099 form
• Advise owner on relevant tax deductions related to their rental property
• Provide easy to read monthly cash-flow statements which offer a detailed breakdown of
income and itemized expenses
Maintenance, Repairs, and Remodeling:
• Provide and oversee an in-house maintenance crew
• Establish a preventative maintenance policy to identify and deal with repair needs
• Provide a network of licensed, bonded and fully insured contractors who have been vetted
for good pricing and good work that is up to code.
• Assign jobs to different parties (in-house employees, handyman and professional
contractors) based on who will do the best job for the best price.
• Maintain outdoor areas
o Leaf and snow removal
o Landscaping
o Removing trash and debris
• Maintain and monitor a 24 hour emergency repair hot-line
• Larger renovation or rehab projects
o Provide recommendations on how the project can maximize rental income.
o Prepare preliminary cost estimates
o Get multiple independent bids for the work
o Act as general contractor overseeing the work
Tenant Move Out:
• Inspect unit and fill out a report on the property's condition when the client moves out
• Provide tenant with a copy as well as estimated damages
• Return the balance of the security deposit to the tenant
• Forward any portion of the owner's portion of the tenant deposit to the owner or hold in
owner reserves for repairs.
• Clean unit and perform and needed repairs or upgrades
• Re-key the locks
• Put the property back on the market for rent or sale
***We are highly flexible and open to customize all and any of the offered services to
accommodate your specific needs. Please give us a call at anytime to
discuss all available options for your***
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