WHAT ARE YOUR POLICIES REGARDING PETS?
Statistics indicate that 75% of renters own pets. Restricting pets reduces the number of available qualified tenants. Pets will be screened and pet references checked out. In general, a well-behaved cat or dog causes little wear and tear on a home and yard. A non-refundable pet deposit is always required for cleaning/miscellaneous costs.
IS IT POSSIBLE TO REFUSE TO RENT TO FAMILIES WITH CHILDREN?
In federal, state, and local Fair Housing regulations children come under the protective class of “familial status”. It is unlawful to discriminate against children in any way.
WHAT HAPPENS IF THE RENT IS LATE?
The rent is due on the first of every month. If the rent is not paid by the 5th day of the month, New Vision Property Management takes the first step in the eviction process and sends out a 5-day notice to pay rent or vacate. A hefty late-penalty is then levied against the tenant. If the tenant does not pay by the 10th of the month, the owner is notified and New Vision Property Management begins collection proceedings and eviction papers are filed at the courthouse. Most evictions are the result of loss of employment.
HOW AND WHEN ARE MONTHLY RENT DISBURSED?
Owner statements and rent check occur between the 10th and the 15th of each month.
WHO HANDLES EMERGENCIES?
New Vision Property Management is always on call for emergencies. We have an extensive network of maintenance personnel and sub-contractors to handle any emergency on your property, day or night. We are on call 24 hours a day 365 days a year.
WHAT IS THE AVERAGE LENGTH OF TENANCY?
Most rental agreements are set for a one year term. At the end of the lease term the owner can decide to renew to the tenant (if the tenant wishes to remain), vacate the tenant, or allow the tenant to remain on a month-to-month term.
HOW ARE REPAIRS HANDLED?
New Vision Property Management is responsible for approving all maintenance requests. Tenants are encouraged to submit all repair requests in writing. It is New Vision Property Management policy to notify owners of all maintenance requests over $250. Sometimes a request falls into the category of a maintenance emergency. Emergencies are scheduled immediately and the owner is notified at the first possible opportunity.
HOW DO I GET STARTED?
If you are not currently under contract with another property management or real estate company, we can begin right away. If you are currently under contract, you will need to terminate their services according to your agreement with them. We are happy to pick up keys, security deposits and necessary documents from the discontinued company. Once you have completed all necessary forms and returned those to us, we will get started.
WHAT IS FULL SERVIClE PROPERTY MANAGEMENT?
Full service property management includes monthly collection of rents, administration of eviction notices and lease enforcement, lease renewals, periodic inspections, and monthly operating statements. Full service also includes handling maintenance requests and emergencies with care, contacting the owner when necessary, as well as negotiating prices with qualified vendors.
WHAT IS YOUR PHILOSOPHY OF MANAGEMENT?
New Vision Property Management acts as the intermediary between the owner and tenants, keeping the owner insulated from the daily issues encountered in property management. In addition to keeping the owner well informed on the status of the property, the New Vision Property Management assists in maximizing income and minimizing expenses while keeping the property well maintained with a low vacancy rate.
WHAT NEEDS TO BE DONE TO PREPARE A PROPERTY FOR RENT?
The property should be in the best possible condition to attract a quality tenant. Paint should be in good shape with marred or dirty areas touched up. Neutral colors for walls and floors are best. Blinds or shades are ideal window coverings. The home should be “detailed” clean and the yard in excellent shape.
HOW DO I DETERMINE THE RENTAL AMOUNT?
The competition determines the rental amount. As experts in the field, New Vision Property Management knows the market and the competitive rental ranges for your home or apartment building. unit is marketed too high the unit will be vacant much longer. one or two years before your rental price becomes competitive again.
HOW LONG WILL IT TAKE TO RENT?
Vacancy periods are market driven. Location, season and price all effect the vacancy rate.