Savvy Realty is technology based real estate company. We do almost everything online. Tenants apply rentals online, make payments online, and report maintenance items online. Rental owners can login to check the status of their rentals online, and print their monthly statements online. We issue 1099's to owners at year and pay our owners via electronic transfer. If reqeusted, we can pay GE taxes, property taxes, and/or association fees for our owners.

Property Management Activities:

• Operation of residential real estate for the Landload.
• Providing communicational buffering between landlords and tenants.
• Marketing and advertising the properties to be rented.
• Screening andbackground checking of tenants.
• Collecting and accepting rent.
• Answering and addressing ongoing maintenance and maintenance issues.
• Handling accounts and finances or taxrelated to the real estate objects for the Landlord.
• Handling liaison with contractors, banks and insurance agencies.
• Initiating and handling litigations with tenants and others.

Get Property Ready and Determine The Rent

• Document the existing condition of the property - interior and exterior (and with photos)
• Offer recommendations on repairs and cosmetic improvements to maximize rent
• Work with owners to determine the optimal rent
• Perform rent research against recently rented comparables of similar size and type
• Prepare the property for rent
  • Hire professional cleaner to clean up interior if needed
  • Hire professional gardener to clean up landscaping to increase curb appeal if needed
• Install a lock box if owners allowing

Rental Marketing

• Create ads tailored to the property and advertising medium as needed
  • Craigslist
    
  • Military housing website
  • UH off-campus housing website
  • MLS
  • All major real estate websites like Trulia, Hotpads, and Zillow
  • Star-Advertiser if needed
• Cooperate with other realtors and leasing agents
• Accept calls from prospects for questions and viewing requests throughout the week and weekend
• Show rental properties to prospective tenants throughout the week and weekend
• Provide prospective tenants with rental applications
• Collection applications with application fee within the law

Tenant Screening and Selection

• Perform background check to verify identity, income, credit history, and rental history of a prospective tenant
• Choose best qualified tenant using only practices that comply with fair housing laws
• Inform tenants who were turned down
• Prepare and execute leasing agreement and addendum
• Review rental payment terms and required property maintenance with future tenants
• Explain to future tenants Savvy standard addendum and house rules
• Collect security deposit

Tenant Qualification

• Credit score at 650 or above with good payment records and no collections
• Rent + utilities + credit card/installment expenses + other obiligations should only account for 45% or less of total incomes, bank account has 2 month rent reserve.
• Data in application must be factual and truthful
• No drug or illegal activities on property

Tenant Move In

• Confirm move in date with owners
• Ensure all agreements have been properly executed
• Perform detailed move in inspection with tenant, take photos of the property, and have tenants sign a report verifying the condition of the property prior to move-in.
• Collect first month rent or partial rent

Rent Collection

• Receive or collect rent
• Remind tenants when rents not received on time
• Assess late payments
• Send out pay-or-quit notices if rents are not received before the grace period ends
• Enforce the collection of late fees (late fees go to owners, no management fees charged to late fees)

Evictions

• File paperwork to initiate and complete unlawful detainer action within the timeline as dictated by local and state laws
• Represent owner in court
• Coordinate with law enforcement to remove tenant and tenants possessions from unit

Legal

• Refer owner to a qualified attorney when necessary
• Cooperate with owners fully in the event of a legal dispute or litigation
• Abide by local, state and federal regulations that apply to renting and maintaining rental properties.

Inspections

• Perform inspections when tenants check out
• Maintain close contact with tenants on condition of the property
• Inform owner periodically on the condition of the property

Monthly Statements

• Provide property management accounting services
• Make certain payments on behalf of owners such as GE taxes, HOA dues, etc.. We do not make mortgage payments for owners.
• Maintain detailed documentation of expenses - invoices and receipts
• Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
• Provide professional monthly cash-flow statements which detail the income and itemized expenses

Tax Services

• Pay GE Taxes (semiannually or quarterly) for owners
• Provide annual report, structured for tax purposes.
• Issue1099's at year end for owners' tax returns
• Advise owner on relevant tax deductions related to their rental property

Maintenance and Repairs

• Provide and oversee property maintenance
• Establish a preventative maintenance checklist to identify and deal with repair needs
• Use only licensed, bonded and fully insured contractors whom we know for reasonable pricing and good services.
• Hire professional gardener to maintain outdoor areas
• Maintain and monitor a 24 hour emergency repair hot-line

Tenant Move Out

• Inspect unit and fill out a report on the property's condition when the client moves out
• Provide tenant with a copy of estimated damages
• Return the balance of the security deposit to the tenants
• Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
• Hire qualified companies or licensed individuals to clean unit and perform and needed repairs or upgrades
• Put the property back on the market for rent