My Motto....
Is to manage properties that I would live in and to treat them as if they belong to me.
There are three ways I do business...
1. I will contract with an Owner to put my sign in the yard, take all phone calls, show their properties and find a good tenant. I do all of the paper work and when I am finished I turn the tenant over to you, the Owner, to manage your own properties.
2. I will contract with an Owner to do it all. I will put my sign in the yard, take all calls, show the property and find a good tenant. I will do the paper work and collect the rent. I do a monthly accounting on the 10th of the month. I have a contract with the gas company and the electric company that if the property becomes vacant they will leave the utilities on and put them in my company name. I will maintain the property. The tenant is instructed to call me if there is a problem and because of being a Real Estate Broker for 15 years and a Property Manager for 9 years I have people to do all work or repair needed. If we have a problem with a tenant I will go through the eviction process and even go to court to see to it that the tenant is evicted and any and all damages are taken care with a judgment. If there is repair that needs to be done before re-renting, it will be done as quickly as possible.
3. I will contract with you as an Investor for a property to fix and flip or fix and keep as an investment. I do have people to do all work and I will be the general contractor for the job until completion at which time G&G Realty will place it on the market or I will become the Property Manager.
2. I will contract with an Owner to do it all. I will put my sign in the yard, take all calls, show the property and find a good tenant. I will do the paper work and collect the rent. I do a monthly accounting on the 10th of the month. I have a contract with the gas company and the electric company that if the property becomes vacant they will leave the utilities on and put them in my company name. I will maintain the property. The tenant is instructed to call me if there is a problem and because of being a Real Estate Broker for 15 years and a Property Manager for 9 years I have people to do all work or repair needed. If we have a problem with a tenant I will go through the eviction process and even go to court to see to it that the tenant is evicted and any and all damages are taken care with a judgment. If there is repair that needs to be done before re-renting, it will be done as quickly as possible.
3. I will contract with you as an Investor for a property to fix and flip or fix and keep as an investment. I do have people to do all work and I will be the general contractor for the job until completion at which time G&G Realty will place it on the market or I will become the Property Manager.
Forms I use...
1. Reference form. I ask all of the important questions.
2. Verification of employment. This form is filled out by the employer. It is important to me to know that my potential tenant has a good job.
3. Lease. My lease covers every detail and if something comes up that is important I add it to my lease.
4. Affidavit of Occupancy form. This form is required by Muncie that if the property is inside the city limits an Occupancy form has to be completed by the Tenant and the Owner or Property Manager. This form is to kept in the unit. If the police were to ask to see the form it has to be available. There is a $500 fine for not having it.
5. Lead Base Paint Disclosure form for Tenant, Owner or Property Manager. Every home built before 1978 has to have this form completed by Tenant and Owner or Property Manager. I also furnish the Protect your Family booklet. This book is required and will give the Tenant lots of good information about lead paint.
6. Smoke Dectector Compliance Form. This form is required by the State of Indiana.
2. Verification of employment. This form is filled out by the employer. It is important to me to know that my potential tenant has a good job.
3. Lease. My lease covers every detail and if something comes up that is important I add it to my lease.
4. Affidavit of Occupancy form. This form is required by Muncie that if the property is inside the city limits an Occupancy form has to be completed by the Tenant and the Owner or Property Manager. This form is to kept in the unit. If the police were to ask to see the form it has to be available. There is a $500 fine for not having it.
5. Lead Base Paint Disclosure form for Tenant, Owner or Property Manager. Every home built before 1978 has to have this form completed by Tenant and Owner or Property Manager. I also furnish the Protect your Family booklet. This book is required and will give the Tenant lots of good information about lead paint.
6. Smoke Dectector Compliance Form. This form is required by the State of Indiana.
Equal Housing...
It is very important to me to treat everyone fairly. I do have the reference form completed and if for some reason the form is not completed I give the potential Tenant a second chance to complete it. If not completed that Tenant will not have an opportunity to lease from me. If there is a problem with employment or references then we are done.
I will not put too many family members in a small home. Children need to have there own room if they a brother and sister past 5-6 years of age. I also do not like to put more than 2 girls or boys to a room.
I do have some homes that smoking and pets are not allowed. I have no choice. This is the request of the home Owner because of damage and also because there are people that have allergies to both smoke and pets.
I do accept Section 8 in some of my properties. I have city and county properties. Just because Section 8 pays a portion or all of the rent I still expect the Tenant to take care of the property. They are screened with the same reference form and must pay the damage deposit.
I will not put too many family members in a small home. Children need to have there own room if they a brother and sister past 5-6 years of age. I also do not like to put more than 2 girls or boys to a room.
I do have some homes that smoking and pets are not allowed. I have no choice. This is the request of the home Owner because of damage and also because there are people that have allergies to both smoke and pets.
I do accept Section 8 in some of my properties. I have city and county properties. Just because Section 8 pays a portion or all of the rent I still expect the Tenant to take care of the property. They are screened with the same reference form and must pay the damage deposit.
Advertising...
Advertising has become so expensive that most investment Owners will just put a sign in the yard and hope someone or the right one sees the sign. I became President of the Rental Property Association for 2007 & 2008. While President I came up with the idea that we could advertise together and split the cost. We advertise in the Home for Rent and Apartments for Rent in the Star Press everyday. We also do the same in the BSU Daily News. Our ad says:
744-1400
The web site has pictures of our homes inside and out and all the contact information and links to our members personal web sites. Check it out. We have now been doing this for 2 years. We change things every now and then if we find something that works better. As long as I have a contract with you this is how I will advertise your rentals.
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