This page pertains to property owners and
Questions they have about our management services.
FAQ's
Page 1 of 2, see page 2,
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
*************************************************************************************
ANSWER:
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
***************************************************************
ANSWER:
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.
You may see more details about us at:
www.BCI-Properties.com/owners.htm
Costs / Fee schedule -
- Fee schedule is included with our
management forms, however the
basic fee is generally 8% of the rental
amount collected with a $100 minimum. There is also a requirement to
have a small (generally $200 per unit) amount set aside in a Trust
Account, for maintenance needs and emergencies in case of a tenant who
calls us for help. Other details available by request. See:
www.bci-properties.com/property-management/rates.htm
- Attorney fees - We have our own
Attorney in Tacoma, for the real sticky matters such as Real Estate Law
& Evictions. We have another Attorney who is good for Estate Planning,
help to stop foreclosures and Bankruptcy law. If you need their advice
or help you will receive the same discount or other concessions that we
receive.
- Cost of Evictions - You will need
to pay any costs associated with an eviction. We hire a professional
company in Tacoma to do all of our evictions, you may contact them
personally when needed or have us handle the process at no cost to you
other than their fee, which can cost from $500 to $700 on average. These
fees can be covered by the tenants deposit, only after determined in
court that the tenant is liable... and yes, normally they are.
- Included in your basic fee - We
collect rents, effect legal evictions, provide legal documents for
proper tenant placement, provide maintenance plus pre and post rental
clean-up services and a lot more.
- Advertising costs - We advertise
your home, apartment, condo/flat/loft, farm and commercial properties
daily....until they are rented at NO cost to you via the
internet/web on our own website...see:
www.bci-properties.com/listings.htm - plus we are Syndicated on the
companies listed below. See the list. You may also pay an average of
$100 for local newspaper ads if you so choose for a two week run...., if
you wish to try to speed things up.
- We are also Fee flexible, if you
wish to do your own clean-up before or after a rental unit is occupied,
its ok. Its your call. You can do your own maintenance, clean-up,
advertising and other related services if you so choose... most people
find out its cheaper to just have us do it all for you.
...here are a few thoughts:
- Professional Management: If you
own a rental home, duplex, apartment or a Multi-unit complex that you
need assistance with or would like help with managing, renting &
maintenance. You need a professional Licensed Property Management
Company.
- We will do the work for you, call us
today! We have managed rental homes and properties for over 23 years and
have a support team for all contingencies. We are licensed by the
Washington State Department of Licensing in Olympia and are full insured
& bonded with multi-million dollar coverage. We are also members of the
Olympic Rental Association and the local and National Association of
Residential Property Managers.
- Maintenance etc
-
We are experienced in important areas, such as maintenance of rental
homes and apartments, leasing homes and apartments/condos/lofts,
collections, marketing, advertising, tenant relations, financial
analysis and budgets, and knowledge of relevant local and state laws. We
are a "hands on" company, servicing only local properties!
- We are fully Licensed and Bonded.
Be aware of those who are not. Anyone who manages rental properties for
another person other than their own property, are required by State Law
to be duly licensed as a real estate agent or Broker. I am a licensed
Broker.
If you are interested in our
professional property management,
call today for more information or to schedule a meeting. -Don
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.
See page 2
Thank you,
I look forward to hearing from you soon.
Emily or I will also call today to follow up on this email as well.
My direct line is; Don - (253) 241-6695.
|
