Let Us Rent and Manage Your Home

Transcription

1 Let Us Rent and Manage Your Home

2 Hello Homeowner,

3 Welcome to Renters Warehouse, one of the largest and most awarded property management companies in the United States. We re here to help you rent your property with ease and confidence. How? By making it simple for you. We are a full service company, taking care of everything from finding quality tenants and collecting rent, to scheduling maintenance and completing legal paperwork. In short, our Professional Landlords serve you. They represent you with your clients and keep you updated along the way. We ll be the landlord that you and your renters love. Step 1: Free Rental Price Analysis Your home is more than just a rental to us, and your experience is our absolute priority. With our industry-leading package of protection services, you can rest assured that your property is in the very best hands. Ready to love your landlord? Read on about four key steps to get you started. We look forward to building this relationship! Step 2: Marketing and Tenant Matching Kevin Ortner CEO, Renters Warehouse $ Step 3: Property Management and Cash-Flow Recognized for Excellence 2013 & 2014 Step 4: Extra Protection

4 Why Rent?

5 IIf you re a homeowner considering a move, for any reason, Renters Warehouse is the FIRST place to start. Our Professional Landlords can help you evaluate whether renting or selling is right for you. Owning and renting property is increasingly a choice investment for some 22 million Americans. In fact, the benefits of renting oftentimes outweigh the advantages of selling your property, even if your mortgage payment is more than incoming rent. Here are some reasons why: Rental demand and profits for residential properties are increasing. Landlords enjoy long-term equity and profit resulting from owning real estate. Owning and cashflowing on rental property can be a great way to reduce your personal taxes*. 4 Renting can help you avoid a potential loss from selling in a weak market. 5 Rental property cash-flow is recession-proof, helping to protect you against inflation. 6 Real estate investment acts as a forced retirement plan over time. Tax benefits, long-term equity, recession proof cash-flow and flexibility... the ongoing benefits of renting continue to add up and can trump a one-time profit (or loss) from selling your home. *Renters Warehouse always recommends working with a licensed tax professional to help you navigate the tax advantages of real estate investment. Renters Warehouse cannot give tax advice as we are not certified tax professionals.

6 Step 1: Free Rental Price Analysis

7 Bullseye Pricing Smart pricing means minimal time on the market and more dollars in your pocket. With our free Rental Price Analysis Tool, you ll find it easy to hit that rental pricing sweet spot where the property goes fast and you make the most money possible. This little report takes millions of local rental market factors into account to hone you in on the rent you should be charging. From square footage, room details and area rental rates to market trends, neighborhood variables, local comps and more, we take it all into account to ensure you get exactly the rent that the market will bear. Here s just a sample of the intelligence your free report will provide: Low, median, high and Section 8 rent benchmarks (with confidence score) Local area market strength One-, three- and 12-month rental rate trends After your analysis is complete, we ll put our trained eyes to work with a personal tour of your property. This final step of our recommendation is where we pay close attention to things like property condition and preparation (read on for useful tips for getting rent-ready ), amenities, length of lease and other factors. Why all the fuss? Because we want you to get the highest rent possible, as quickly as possible. This is how we ll get there together. Go to RentersWarehouse.com to complete your Free Rental Price Analysis.

8 Step 2: Marketing and Tenant Matching

9 Certified Tenant Match & Warranty We provide the qualified candidates. You decide who rents. Our tenant matching process is very selective, completely comprehensive and fully rest-assured-worthy, delivering an average tenant placement time of just 17 days. Bottom line, we ll rent your property fast. Within 24 hours of our agreement, we put our exclusive RentFeeder TM technology to work, marketing your property on more than 230 websites ($400+ monthly value) and connecting you with countless potential renters. Then, as part of our Certified Tenant Match & Warranty process, we: 1. Accompany all prospective tenants through your property. 2. Complete a thorough background check on each potential tenant. 3. Prepare and assist you with all lease documents, inspections and rental licensing. 4. Provide a FREE six-month Tenant Warranty on all placed tenants, a policy that can be extended to nine months with our property management services. So if your tenant defaults for any reason, we ll provide additional tenant placement services for FREE. Powerful technology to promote your property on over 230 websites. Minimize your risk. And get high quality tenants fast with our Certified Tenant Match and Warranty program. Certified Tenant Placement Leasing Fees Based on Lease Length Lease 0 17 months 1 month s rent Lease Options 2 months rent Lease months 1.5 months rent Rent to Own 2 months rent Lease 36+ months 2 months rent Lease Signing/Renewals $350 Flat Fee

10 $ Step 3: Property Management and Cash-Flow

11 Professional Landlord Services Flexible. Efficient. Always-at-the-ready. Let us lighten your rental load. For a flat fee of $80 per month (or less for multi-unit properties), we will: Collect rent Fast. Nimble. Effective. Our team of rent collection experts know how to get payment in full, on time, every month. We manage rental income using FastFunds SM, accepting virtually any form of payment (while encouraging auto withdrawal) and sending free direct deposits to your bank account. Then we provide monthly statements for your records. Coordinate all maintenance requests All day. Any day. Every day of the year. We re on call and available 24/7/365, so you don t have to be. And always provide competitive bids. Handle legal paperwork Our custom lease is 19 powerful pages long the most air-tight in the industry to give you max protection. And anything else that involves fine print and processing lease renewals, modifications, terminations, Certificates of Rent Paid (CRPs) we ll take care of it. Assist with compliance We ll help you stay up-to-code and up-to-date when it comes to mandated city rental licensing and inspections. And we ll manage all associated projects in a timely and responsible fashion. Carry out evictions and enforce leases Trained to handle any challenge, our Professional Landlords facilitate every tenant situation with the utmost care and attention. Rest assured that less than 1% of our placed tenants ever need to be evicted. Protect your property In addition to move-in and move-out video inspections of your property, we conduct random and routine in-person property inspections to help ensure appropriate tenant maintenance. Issue reports Want to track your progress? Proactively grow your business? We ll issue customized year-end reports, like profit and loss, as well as detailed monthly accounting statements. Extend your tenant warranty From six months to nine months by using our Professional Landlord Services for even more coverage. And even more confidence. Other Rates & One-Time Fees: Multi-unit Property Pricing Discounts: 2 4 Units $70/month/unit 5 10 Units $60/month/unit 11+ Units $50/month/unit Account Setup $99 per unit ($199 if property already has placed tenants) Mandated City Rental License/ Inspection $75 Mandated Year End CRP (Certificate of Rent Paid) $10 (charged in January) Eviction Administration $199 (as necessary) ALL for just $80 per month FLAT FEE

12 Step 4: Extra Protection

13 Rent with Confidence and Assurance There are a lot of unknowns when it comes to renting a property. Our optional protection plans help you prepare for whatever might come your way. From wherever it might come. Property Protection Plan Accidents, unfortunately, happen. And when they do, it s best to have coverage that goes beyond your standard homeowners policy to protect you and your finances. Coverage includes: $100,000 Property Liability Coverage Accidental tenant damage caused by water, fire, smoke, explosion, falling objects, riot, civil commotion or sewer/drain/pump backup $100 deductible Cost: $20 per month Eviction Protection Plan Evictions can be costly and super detailed. Good news is that we evict less than 1% of all placed tenants each year. Still, should an eviction need to happen, rest assured your Eviction Protection plan will cover the following headaches and fees: Paperwork preparation and filing Meetings with Sheriff to serve papers Multiple trips to court All associated court & filing fees up to $800 Cost: $15 per month Bundle and Save 15% Our Most Popular Protection Package: Combine Property and Eviction Protection Plans for only $30 per month!

14 Why Us?

15 W hy sell your home for a small, one-time gain when you can leverage your rental property for future wealth? And did you know that costs to get your home rent-ready, everyday property management fees and routine maintenance expenses are generally tax-deductible? Let us help you cash-flow for the long haul and with total peace of mind. We know the local rental business. From marketing and management to maintaining and renewing, our focus is helping you have a smooth, profitable rental experience. No headaches. No worries. Total comfort and confidence. With our large network of Professional Landlords, available 24/7/365, we offer honest service and unparalleled value at a competitive price. For just about $2.67 a day, save yourself over 192 hours in Property Management. Big Value Free Rental Price Analysis Competitive Trusted Partner Powerful Results Risk-Reducing Services Professional Vendor What s Your Time Worth? Tenant Certified Network Placement Largest Tenant Match Fees No Upfront Marketing and Warranty In-house, Fees or Exposure 24/7/365 Low Monthly Obligations Video and Maintenance Management Robust On-site Services Fees ($50 80) No Marketing RentFeeder TM Inspections or Cancellation Technology Insured and One-time Set- Fees Extra Licensed up Fee of $99 17-Day Tenant Protection ($199 if already Non-exclusive Placement Plans with Real Estate rented) Contracts Average Bundle Savings Brokerage

16 Did You Know?

17 Compare & Save We ll even help you shop the competition. Competitors Fees Upfront YES NO Cancellation Fees YES NO Management Fee $100+/mo. or 10% $50 80/mo. flat fee Exclusive Contracts YES NO Cancel Anytime NO YES Warranty Tenants NO YES Extra Protection Plans NO YES We highly recommend Renters Warehouse and our agent Pete Shrader. He was prompt in answering questions and phone calls, and walked us through the process of renting out our townhouse. Pete kept us informed during the whole process, and it was surprisingly easy to get a signed lease in just 13 days on the market. Cover Entire Metro NO YES Advertising on # of Websites Average Market Time 72 days 17 days Properties Managed Average 200 4,500+ Other Locations NO MN, AZ, CO, MD, GA, TN, WI, TX Member of NARPM NO YES Licensed & Insured NO YES As Seen & Heard On: Very Professional They managed our 3 bedroom residential property for 18 months. If there was a problem, they called, asked how we wanted to handle it. They took care of everything right away, no waiting. They found us a great renter, we always received the rent on time. The renter left the property in better shape than it was in when it was first rented. See more reviews at: RentersWarehouse.com/Reviews

18 Ready to Rent?

19 Ready Set Rent! From analysis to pricing to perfect match and done deal, Renters Warehouse will apply years of local market experience to hook you up with the best property pricing performance possible. But this is not only about us. There are many things you can do at your property to make a great impression and secure top dollar. Below are six and if you d like some extra elbow grease, we know tons of local vendors who charge reasonable rates. Just ask! Wowing Renters: 6 Easy Ways 1. Get fresh. Windows, screens and window treatments all need your undivided cleaning attention. Walls? Make sure you remove any hooks, nails or personal photos. Fill in the holes. Freshen up with paint. Celebrate the chic. 2. Notice the crannies. That s where the dust and dirt hides. After you ve cleaned the floors, swept the carpets and dusted the baseboards, don t forget the usual suspects heat vents, door panels, overhead fans and woodwork. 3. Shape up the kitchen, shiny up the bathrooms. Plain and simple, these two places are key in upping your rental value. Cabinets, appliances, fixtures, tubs, showers, floors and sinks all deserve a good scrub inside and out, upside and down. 4. Store space, not junk. Show off how big your basement, garage or closet is by tidying up and cutting clutter. Get organized. Get neat. And remember to take out the trash. 5. Test. Test. Test. Your light fixtures, smoke alarms, switches, outlets, buttons, buzzers, dingers and anything else that needs to be in good working order should be. 6. Create curb appeal. First impressions are critical. Plant flowers. Remove weeds and leaves. Replace tarnished house numbers and old mailboxes. Put your best foot forward from the beginning.

20 What Happens Next?

21 We move quickly and efficiently to turn your real estate headaches into immediate cash-flow and you re included every step of the way. It goes like this: Notes We list and market your property within 24 hours of signing our agreement. We begin showing your property, providing you with weekly updates. We conduct background checks on prospective tenants, then present them to you. You choose and approve your tenant we write up a lease. You verify that your insurance policy is valid for a rental property (see below). We schedule a video inspection prior to the tenant s move-in (with property management services only). Our accounting department processes your paperwork within 20 days. You receive a complete agreement packet via . You sit back and enjoy the rental income. Rental Property Insurance Requirements Homeowners and rental property insurance are similar but they have important differences. A rental property policy is written specifically for a tenant-occupied (vs. owner-occupied) unit. So you ll need to switch to the correct type of policy to cover possible property damage from renters. While we re fully licensed and bonded with general liability insurance, we cannot legally work at your property without being added to your specific policy. Good news is that the cost of a rental policy is usually less since it won t need to include your personal property. Making the switch is super quick too (usually just a 15-minute phone call), with no paperwork or signatures required. And if paying through an escrow account, your policies will just swap out and shouldn t greatly affect your monthly payments. RentersWarehouse.com

22 Pricing Summary

23 Certified Tenant Placement Leasing Fees Based on Lease Length Lease 0 17 months 1 month s rent Lease Options 2 months rent Lease months 1.5 months rent Rent to Own 2 months rent Lease 36+ months 2 months rent Lease Signing/Renewals $350 Flat Fee PROPERTY MANAGEMENT Monthly Professional Landlord Services: 1 Unit $80/month/unit Other Rates & One-Time Fees: Multi-unit Property Pricing Discounts: No Hidden Fees. Guaranteed. 2 4 Units $70/month/unit 5 10 Units $60/month/unit 11+ Units $50/month/unit Account Setup $99 per unit ($199 if property already has placed tenants) Mandated City Rental License/ Inspection $75 Mandated Year End CRP (Certificate of Rent Paid) $10 (charged in January) Eviction Administration $199 (as necessary) ADDITIONAL PROTECTION PACKAGES Property Protection Plan Accidents, unfortunately, happen. And when they do, it s best to have coverage that goes beyond your standard homeowners policy to protect you and your finances. Coverage includes: $100,000 Property Liability Coverage Accidental tenant damage caused by water, fire, smoke, explosion, falling objects, riot, civil commotion or sewer/ drain/pump backup $100 deductible Cost: $20 per month Eviction Protection Plan Evictions can be costly and super detailed. Good news is that we evict less than 1% of all placed tenants each year. Still, should an eviction need to happen, rest assured your Eviction Protection plan will cover the following headaches and fees: Paperwork preparation and filing Meetings with Sheriff to serve papers Multiple trips to court All associated court & filing fees up to $800 Cost: $15 per month Our Most Popular Protection Package Combine Property and Eviction Protection Plans Only: $30 per month! Bundle and Save 15%

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