Overview
of Urban Habitat
Residential Property Management Services
Urban Habitat Inc., has
been involved in rental property management for twelve years. Starting with
the Broker’s own rental properties. This experience has allowed up to set up
an effective system for property management. The major points of our
management agreement are outlined below.
Property management includes:
leasing (normally on a one
year basis)
ordering repairs
rent collections
eviction proceedings
payment of all expense items
from rental stream
newspaper advertising
all other activities
necessary to maintain the property
Cost of property management
are:
10% of the monthly rental
charge
one half of one month's rent
to lease the property, with a limit of no more than two such fees per
calendar year
Reports and accounting
procedures:
expenses are paid out of the
monthly rental income
on the 25th of each month the
remaining proceeds are sent to the owner, along with a recap of that
month's activity as well as year to date figures
the owner pays the mortgage,
taxes, insurance, and condominium fees
The management of rental
property can be run on a business basis. Urban Habitat, Inc. is set up to do it
well. Emergency repairs, evictions, leasing, and a host of other management
functions are handled in a professional manner.
Please contact Chris
Buchanan to discuss your individual property management needs. 303 503-1547