Savvy Realty is a technology-driven real estate company that operates primarily through online platforms. We facilitate a seamless and convenient experience for both tenants and rental owners, offering the following services:
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Online Tenant Applications: Tenants can easily apply for rentals through our online application process.
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Online Rental Payments: Rent payments can be made online, providing a hassle-free payment experience.
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Online Maintenance Reporting: Tenants can report maintenance issues online, streamlining the process for quick resolution.
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Owner Dashboard: Rental owners have access to a secure online dashboard where they can check the status of their properties and conveniently print their monthly statements.
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Yearly 1099 Issuance: At the end of the year, we provide rental owners with 1099 forms.
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Electronic Owner Payments: We facilitate electronic transfers for payments to rental owners, ensuring a swift and secure transfer of funds.
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Optional Payment Services: Upon request, we also offer services such as payment of GE taxes, property taxes, and association fees on behalf of our rental property owners.
Our commitment to a tech-savvy approach ensures an efficient and modern real estate experience for our clients.
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, no serious delinquency, and no collection
- Rent should only accounts for 45% or less of total incomes
- Prospective tenants should have a reserve of at least two months' worth of rent
- 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
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