• Economically justifiable improvements
• Probable rental income
• Marketing strategy
• Out reach through multiple listing and advertising
• Marketplace factors

REVIEW and confirmation of Property Management Agreement

PREPARATION of property statistics and profile:

• Physical inspection - interior and exterior
• Cataloging of condition and repairs or improvements needed now or probable in future
• Features of home
• Equipment inventory
• Most likely tenant - how to appeal? What features to stress?

COLLECTION of data required for care, maintenance & management:

• Names of preferred service companies
• Copies of service contracts - operation manuals, warranties, etc.
• Insurance policies - Fire & EC and liability
• Mortgage Company data - payment books/tickets, loan number if Fox to make mortgage payments
• Names on deed, Power of Attorney if necessary

LISTING PROCESS

• Entering of listing into "MRIS" Realtor computer service
• Installation of sign and lock-box
• Arrangements with occupant for showing
• Vacant houses - arrangements regarding utilities, lawn mowing, snow removal, winter - protection, etc.
• Confirmation of utility companies (and plans for payments between owner, occupant and tenant)
• Timely response to request for showing - sign, ads, etc.
• Timely response to request from other agents and prospects with regard to additional information on property
• Preliminary review with prospects regarding qualifications

LEASING PROCESS

• Provide "application forms" to interested parties
• Arrange for receipt of application and security deposit
• Obtain and analyze credit reports
• Request information from employers.
• Obtain references from current and/or former landlords
• Review qualifications with owner
• Recommendations for owner
• Notify prospect of acceptance or rejection
• Prepare lease - deposit earnest money
• Deliver "Lead Paint" booklet & disclosure form (if structure built before 1978)
• Timely appointment with tenant for lease signing
• Instructions to tenant regarding utilities & responsibility re:maintenance
• Conference with landlord and acceptance of lease on behalf of landlord
• Procure landlord’s signature
• Deliver leases to all parties
• Collect first month’s rent prior to occupancy
• Deliver keys to tenant at commencement of lease

MANAGEMENT PROCESS

• "Move-in" inspection-condition report prepared
• Collection of rent
• Timely response to reported problems
• Preparation of account reports
• Arrangements for repairs; coordination with tenant
• Annual interim inspection
• Payments made for: Mortgage, condo fee, taxes, insurance, etc.
• Lease extension form, or:
• Receipt or delivery of notice to vacate
• Showing arrangements made - new listing prepared
• "Move-out" inspection - condition report updated