We can assist with the success of your long term rental property in one of two ways: with Tenant Placement or Property Management. For STVR property owners interested in converting to Long-Term Rentals, our Project Management services are available to help you get your house Rental Ready.
Property owners who only want the service of tenant placement and plan on later managing the rental independently have this option. Tenant placement includes an evaluation of the property, a walk through, advising on the price of rent, listing and marketing the property, screening applicants, and leasing. Tenant Placement fees are the amount of one month’s rent. This is a great option for owners who live locally and are happy to care for the property once a tenant is in place. For more information about the details of Tenant Placement, click here.
For tenant placement plus future management and maintenance of the rental. Property management includes rent collection, a credit building Resident Benefit Package, ensures tenants are paying renters insurance, maintain pet screening accounts, lease renewals and more. We also handle maintenance and repair requests with local vendors that we know and trust. We respond on schedule to late/delinquent payments and follow county timelines and protocols for evictions. Fees for property management begin with a tenant placement fee of 75%, followed by a 10% fee from the monthly rent. For more information about our Property Management, click here.
Services Provided with DHMS Tenant Placement and Property Management
Tenant Placement fee: 75% of one month’s rent
Property Management Fee:10% of each month’s rent
Once you sign up with DHMS, your tenants can expect:
A user portal to pay rent
Maintenance/service requests easily submitted via the user portal
Responses to questions from their PM within 1 business day
Maintenance
This is an area that DHMS benefits owners the most. We have good connections in town with vendors and professional services that do great work, in a timely way for reasonable prices. They serve our Long Term Rentals for a great price. Repairs, maintenance and service calls are coordinated by DHMS and the invoices are sent directly to the owners to pay. There are no surcharges for coordinating maintenance. And no kickbacks from the local vendors. We pass these well priced services directly onto the owners.
Residents Benefits Package
The RBP includes renter’s insurance (coverage up to $100,000 to the home and $10,000 of tenant’s personal belongings). It also rewards tenants every month they pay rent early or on time. They receive a boost to their credit score and up to $100 in gift cards over a year. It also includes bi-annual air filters delivered to the property (for preventative maintenance for the air). And a utility concierge (typically landlord pays trash and the tenants pay water, gas, electric and internet). The RBP is $25/month paid by the tenant.
Our Petscreening Service is an FHA compliant plan for managing planned and unplanned pet/animal presence in rental homes. Petscreening gets tenants on record reporting their pet, assistant animal, or non-pet status, helping the property manager enforce the terms of the lease. Every tenant is required to make a profile (making the service FHA compliant). Assistant animals are screened to ensure their qualifications and/or training are from a legitimate, verifiable source. Pet profiles are created at the time of applying for a property and updated at least annually thereafter. Each pet profile is $25 annually, paid by the pet owners. The pet profile informs property managers of how high risk a pet is according to a FIDO score and pet fees can be determined from there. In short, Petscreening.com monitors, manages and advises pet policy for rental properties and their tenants at no cost to landlords, non-pet owners or service animal owners.
Landscaping
It is standard practice in this area to include caring for the yard as part of the tenant’s responsibility. The greatest reason for this is to avoid a fire hazard in spring when all the Sahara Mustards spread. In the lease, I ask the tenants to water (the plants of your request) and weed the non-native invasives (Sahara Mustard) which come in spring.
Emergency Maintenance Reserves
Each property managed by DHMS must have $500 in reserves in the event there is an emergency repair required and the property manager cannot get in contact with the owner to coordinate a timely repair. This ensures good service to the tenant, protects the home as an investment and protects the landlord and property management company from habitability claims. The $500 reserves are deducted from the initial funds collected in rent for the property and is separate from the security deposit. The amount will be held in a trust account for the duration of the Property Management Agreement, and will be returned to the landlord at the end of the agreement.
RE License #: 02213843
Corporation License #: 02245293