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General Information
Tenant Screening - Each
prospective tenant must complete an application. We will then run a
credit report, eviction search, criminal history, verify past rental
history, employment and/or income.
Rent Collection -
Rent is due on the first and
delinquent after the 5th. The tenants are charged a late fee for
rent payments made on or after the 6th.
Lease Renewals - When the
current lease is due to expire, we re-evaluate the value of the
property and negotiate a lease renewal with the tenant.
Notice to Vacate - Tenants
must give at least 30 days written notice to vacate. If tenant
breaks the lease, he or she will be responsible for all lost income
and expenses related to the renting of the property.
Renovations - We will help
you determine what repairs or modifications your property might need
to increase or maintain its value.
Property Inspections - We do periodic drive-by's on the
property. Also, each of our contractors must do a visual inspection
of the property each time they visit. Our contractors look for
damage, as well as check the smoke detector. We encourage all owners
to notify their neighbors that we will be handling the property in
case a problem may arise.
Nonpayment of Rent/Eviction
- If the rent on a property has not been received by the 5th day of
the month, a reminder notice is sent listing the late fees. If
within a few days the rent still has not been received, we then post
a 3 DAY NOTICE TO PAY RENT OR VACATE. When the 3 days have past with
no rent received, the owner is notified that we need to file
eviction. The appropriate paper work is then filed with Clerk of the
Courts. The eviction process will typically take about 14 days from
this point. Our attorneys are very aggressive and it is important to
understand that no two evictions are alike and the costs vary.
Marketing - We place ads
in the Kansas City Star, Thrifty Nickel, the Pitch, Internet and
with several locator services. Some of these ads may be an
additional cost to the property owner.
Insurance - We require you
to maintain "Owner, landlord and tenant" insurance. This coverage
will protect you, the resident and us against a wide range of losses
caused by unintentional hazard or unsafe conditions on your
property. Your insurance company should have all this information.
Fees - Please view our
Management Services page for a
break down of our services and fees.
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