Property Management
Qualifications Matter
- Familiar with NW Indiana, Illinois and multiple SW suburb municipalities laws and regulations
- Highly organized in administrating quality work
- Skilled at communicating efficiently
- Self-motivated to decision making that meet client's expectations
- Extended relationships with multiple builders, investors, tenants and contractors
- Proficient in quickbooks, word, and excel
Experience Matters
I am an Illinois and NW Indiana Licensed Managing Broker with over 20 years of experience in the Real Estate and Property Management field. Thru the years I have developed strong tenant relationships, created profitability and administered operations of residential and land properties.
Rentals
- Coordinate marketing promotions and incentives
- Licensed to conduct credit and criminal background checks
- Review applications, verifying they meet the clients general requirements to provide quality tenants
- Showings to interested parties and provide all necessary information
- Upon approval create proper lease, addendums and welcome letter
- Collect rent and security deposit/move in fees and provide all necessary steps to move in
- Obtain all occupancy permits
- Move in / Move out walk thrus
- Build good communication and trust with tenants to create a smooth operation
Sales
- Coordinate marketing promotions and incentives
- Showings to interested parties and provide all necessary information
- Prepare and present all offers to owners
- Obtain point of sale inspections
Construction/ Rehab / Maintenance
- Inspect sites on a regular basis and verify all work is being completed in a timely manner
- Ensuring all work is within compliance and all safety and quality standards are met
- Work with contractors on a general scope of work to be completed
- Prepare work orders with contractors, schedule draws and final payments after final walk thru
- Schedule all city inspections at completion of rehab
- Obtain multiple bids from contractors
- Review work orders and proactively resolve
- Repeat issues, suggest recommendations for solution
- Have an in-house group of maintenance and cleaning crews
- Maintain general upkeep or reconditioning of any vacant properties
Administrative Duties
- Collect rent payments, security deposits, create receipts, collect any late fees
- Maintain tenant info sheets
- Prepare proper documents for evictions and appearing in court when needed
- Contact all utility companies at tenant move in and move out for final readings
- Create work orders - schedule maintenance and follow up upon completion.
- Verify all invoices match work order
- Prepare periodic inventory of properties with condition, income and expenses
- Prepare monthly spreadsheets of rent collected, security deposits held and returned
- Process all accounts payable and accounts receivable
- Reconcile monthly statements
- Generate monthly balance sheets, income summary, profit & loss, aging summary and all other requested financial reports
- Analyze property info such as property taxes and property condition to the area
- Generate operating budgets to produce income producing properties
- Develop good standing relationships with multiple sw suburb villages
- Familiar with Housing Authority of Cook County and housing assistance program
- Maintain spreadsheet of property rentals of any upcoming lease expirations- renew lease or prepare for a quick turnover
- Create Database in Google Drive to allow easy and convenient access to multiple files for each client
General History / Experience
- Manage 60+ single family homes
- Managed construction of 70 single family home lots averaging 3000+ sq ft
- Managed new construction and homeowners association of 120 condo units
- Managed new construction and homeowners association of 40+ townhome units
Fees
Management Fee:
Determined by # of properties managed, the # of units in a property and services included.
Management Fee % is paid out of "rent collected"
Vacancy Fee
$100/mo per unit
Set Up Fee
Standard One-time Set Up Fee $350 (does not apply to new properties acquired once established)
Leasing Fee
1 month rent
Lease Renewals
$150
Maintenance Fees
Determined on the work required. We have multiple maintenance/repair crews that handle different levels of services needed. (Average cost $25-30/hr + materials)
Have multiple General Contractors and individual specialty contractors (HVAC, electrician, plumber etc.), cleaning crews
Eviction Fee
Fee for serving notices (5 day / 10 day) $75 (for extensive attempts, additional charges may apply)
working with attorney, court appearance etc. $300
Sales Commission for property rented
1 month rent
Sales Commission if property sold
3% net sales price
General Reimbursements
postage, bulk mailing copies, village hearings, etc