Rentals and Property Management - Tacoma, Puyallup, Pierce County, Washington

QUESTION:

"My husband and I are buying a second home and would like to rent out our home. Can you give me some info you require to rent out our property? Such as insurance that the property will rent on a timely manner? And that your rates are reasonable? Look forward to hearing from you..."

Thanks, Manda A
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1. You asked if there was any insurance, or assurance, that your home would rent in a timely manner?
No property management company can guarantee that your home will rent quickly..., and no one can guarantee that the renter will pay on time each month. We think we do a better job than most other companies. The larger companies often turn over a new client to a 9-5 worker who punches a time clock and does not work weekends. Whereas, we as owners personally handle each client's rental home with care and yes.... we do work on Sundays! Please be aware that sometimes renters loose a job or get injured and loose work, they get divorced or sometimes just move out in the middle of the night. These things can happen to any rental property. What we can do is provide loss prevention.

Loss Prevention: To have better success with our renters, we follow very strict with our guidelines. Tenant Screening is very important. We charge the applicant a $35 fee, which in turn goes to Landlord Solutions right here in Tacoma to do a thorough background check and criminal history, credit etc. - In short, we want good people who really want to pay their rent. We expect that you as a home owner will keep up your Home Owners Insurance as well, which is required by your Mortgage Company also, as long as you owe money on your home.

2. You asked if our rates reasonable? - In short yes. Our fee is just 8% as compared with the 10% average that most companies charge. We also do not charge extra to renew contracts with existing tenants as some do. We also do not charge a vacancy fee like some companies.

3. You have more options with BCI Properties, LLC:
                   A. As a licensed Real Estate Brokerage we can also sell your home for you, if and when the time comes you wish to sell, and....at a big discount. Ask about my 1.9% special for Listing (4.4% total).
                   B. We are pro-active about our Rent-to-Own program. If you wish we can offer your home to renters with an "option to buy" in the future, these type of renters tend to be more serious.
                   C. We "shop" for the best rates if and when any maintenance is needed. Example is Barnett Pro Maintenance in Tacoma. His website lists his rates at $65 an hour. However, he only charges $45 an hour for jobs that are scheduled and Invoiced through our company BCI Properties, LLC. This is because we give him dependable work and we pay right away without him having to wait. You save about 30%, we charge 10% for our maintenance fee to pre-inspect, setup the time and amount to pay for the repairs and re-inspect afterwards for satisfaction. Total savings to our client is about 20% overall. That is a good deal in anybodies book.

We are a small company, but we are a very much "hands on" management solution and we have time to give you personal attention. The larger companies just want to toss you into the mix with a few hundred other clients, where you will often times get lost. Some of the rentals we have taken over are for home owners just like you..., coming from larger companies who allowed the home to be vacant for months. Often in these cases we have them rented in a timely manner. I hope we never get too big to care.

QUESTION:

name: Richard
comments: Hello,
I own a property in Bonney Lake that I need to have managed as rental property. If interested, what is your fee?
Regards,

Richard xxxxx
Property Owner

Hello Richard,

Thank you for your interest in our local Property Management services! Your answer to our fee is answered in detail below. We are a hands-on company, meaning that even after 25 years of property management us as owners still handle the day to day business in person to ensure that both owners and tenants are well cared for. Please see our updated Fee/Price Schedule Chart at: www.bcirent.com/index.cfm/page/48851/parent/48485/*_Fee_and_Price_Chart.html

We follow the letter of the Law regarding all facets of our business including, but not limited to, providing proper trust accounts for both owners and tenants, serving required lead disclosure forms, 3-day notices to pay or quit, rules and regulations and other legal documents to tenants... plus, we have a good relationship with maintenance and service people who will handle any and all repair, maintenance and clean-up work as needed fast, and at a fair price to keep the costs low. We totally understand the need to bring your funds in, not to spend your money unwisely. Call us today.

We do have a Property Management Manual for owners and a Contract for Services that you will need to sign for us to have authority to manage your property, if you decide to allow us to work for you. Please know that we will need an inspection & review of your property, funding the account for maintenance & advertising needs, collecting required documents, trust account set-up and keys etc.