What to Expect When Hiring Realicore As Your Property Management Company
1. Introductory Call
One of Realicore's licensed Brokers or Agents will set up an introductory call with you to find out what your goals are as the property owner. During this call, we will explain how Realicore approaches property management and answer any questions you may have. If you are reading this first step, you most likely already completed this introductory call.
2. Property Management Education
After our introductory call, some property owners are ready to move forward with our services immediately. These experienced property owners usually have a couple of real estate deals under their belt and already speak the real estate lingo. Other property owners may be doing this for their first time and have a lot of questions about the process, pricing, and services. No matter which category you fall into, we are happy to answer any questions you may have with additional phone calls, follow-up emails or in-person meetings and always with a smile on our face!
3. Property Walkthrough
When you are ready to hire us as your property management company, one of our agents will schedule a walk-through of your property. We do this before signing any paperwork to ensure that your property is in rent-ready condition.
4. What Does It Mean To Be “Rent-Ready?”
If your property is already in “Rent-Ready” condition, you can move onto filling out the property management paperwork. What does it mean to be Rent-Ready? Check out our Rent-Ready Checklist for more information. If your property isn’t Rent-Ready, then we can help come up with a plan to get your property ready for tenants to start viewing it. The last step of getting the property into Rent-Ready condition is going to be a deep clean of the house including steaming the carpets and performing a deep clean on all of the appliances. This will help to attract the highest paying tenants who will take pride in renting your property.
5. Property Management Paperwork
Realicore’s property management paperwork can be completed online with our digital signing program or in person. The only document that cannot be completed in person is the property management power of attorney agreement which must be notarized. Some utility companies will not work with us as your representative without such a document. Many clients who live out of the area or even out of state will digitally sign the paperwork and then mail the notarized document to our main office. We use California Association of Realtor (CAR) approved forms that are constantly being reviewed and updated by CAR attorneys so that you can protect your investment.
6. Professional Pictures and Listing Online
Once the paperwork is complete, we will take professional pictures of your property and upload them to all the relevant rental websites such as Zillow, apartments.com, the MLS, Realicore and many more!
7. Tenant Pre-Screening
As the applications start to hit our inbox, we will begin to pre-screen tenants by checking their income, credit score, and background history. We follow all fair housing laws.
8. Qualifying Applicants
We typically set up one property showing per week for any qualified applicants, whether that is just one person or six. During this property showing we will confirm which applicants want to move forward, double-check their application for inaccuracies, and call two of their referrals. The first referral we call is the applicant's employer to verify employment and the second referral we call is the applicant's current or previous landlord to ensure that they were financially responsible, and they took good care of the property.
9. Lease Signing
Once we have finished qualifying the potential tenant and we decide to move forward with them, we will sign a lease, collect first month's rent and collect their deposit. We do not consider a property as officially rented until the lease is fully executed and we have the tenant's money.
10. Move-In Inspection
When the tenant moves in, we will schedule a walkthrough with the tenant to give them their keys and complete a move-in inspection so that we have proof of the home's current condition. This move-in inspection is used when the tenant moves out to ensure the condition is the same except for normal wear and tear. If there are damages or cleaning fees that must be taken from the tenant's deposit we will do so and provide the tenant with an itemized list if requested.
11. Realicore Handles It All
During the tenant's rental term, we will handle all communication including maintenance requests, rent collection, delivery of notices, update leasing terms on a yearly basis and much more. For a full list of services that we provide, we recommend you visit our Pricing and Services page.
Hopefully this gives you an overview of what to expect when you hire Realicore as your property management company. Although we could go into much more detail on the services we provide to our rental property owner clients, we highly recommend you explore our various articles or speak with one of our agents to learn more!
The Realicore Team wishes you the best of luck in all of your real estate investing ventures and we look forward to working with you!
