We've entrusted our Beverly Hills Condo with the team at Power Property for the last four years and have appreciated their timely responses and attention to the details in addressing any issue that may arise.
Owner
FAQS FOR OWNERS
Below are just a few of the questions that are frequently asked by our new clients. If you have questions that are not answered below please feel free to contact us.
A. Ultimately the rental market comparables. We use our marketing skills, analysis, and judgment to optimize rents in accordance with your goals.
A. Security deposits are deposited into the trust account. They remain in the trust account until the tenant vacates the property. By law, any security deposit money due the tenant must be refunded within twenty-one (21) days.
A. We carefully screen each prospective tenant and verify rental history, employment, and obtain a report which includes credit and evictions.
A. No. You pay nothing.
A. The owner pays for maintenance and repairs, unless the tenant has been cited as negligent and charged. In that case, we will seek reimbursement on your behalf from the tenant. Because we deal with a large volume of property, we can normally contract considerable savings to you for repairs and maintenance. We save you money whenever possible. Every invoice is transparent, there are NO additional fees for maintenance repairs.
A. We pay for all signage and labor costs related to marketing your property for rent. The owner pays for the cost of advertising the property for rent in the local periodicals and the MLS service. For more details see the Advertising Options section in this management package.
A. Generally, as a direct expense item. However, you should confirm this with your tax advisor as your specific situation may be different.
A. Generally, you should expect to make the property move-in ready for a tenant. This may involve painting or patch work, carpet cleaning, and minor repairs. Your property will rent quicker and demand a higher rental value if it is in good condition.
