Elite Properties provides a full range of property management services for landlords of all sizes. Whether you have a large portfolio of properties or a single-family home, we can tailor a solution to fit your needs.
Well-managed income property can be an excellent investment over the long term. With its unique tax advantages and the right amount of leverage, real estate is important part of any well-balanced portfolio.
It takes a careful mix of market analysis, proper tenant screening and managing operating costs to maximize the long-term return on an investment property. The performance of your investment comes down to a multitude of small details — finding the best tenant, getting the best price on supplies, timely placement of advertisements, the right level of preventative maintenance, and numerous other tasks.
Our experienced staff of professionals is committed to carefully managing all the details that make the difference through all phases of the management cycle:
Unit Preparation & Maintenance: Our professional maintenance staff will make sure that your units are promptly prepared for new tenants. We will fix Items that need repair, perform upgrades as necessary, and make sure each unit is cleaned and painted so it looks great for your next tenant.
Market Analysis: We are constantly evaluating the rental market to be sure that your units are priced optimally. If rents are too low, there will be an obvious loss of revenue. If rents are too high, units will take a long time to rent, and the revenue lost due to vacancies will negate any gains from the higher rental rates.
Advertising: In addition to posting vacancies on our website, we will put together an advertising package that is appropriate for your property. Through volume purchasing, we can often save you money and make your advertising dollars go farther.
Showings: Units are promptly shown to prospective tenants at their convenience.
Tenant Screening: Finding and keeping good tenants is crucial to the financial success of your investment property. Once a tenant submits an application, a rigorous screening process begins. We check each applicant’s credit report, legal history, and references.
Lease Signing: Once a tenant has been accepted, we secure a written lease or rental agreement. Our leases are carefully designed to help protect the owner from problem tenants. Security deposits must be collected at the time a lease is signed.
Move-In Inspection & Tenant Orientation: Tenants are required to participate in a move-in inspection with their property manager. This helps us identify any damage that may have occurred over the course of their lease. In addition, each tenant is given an orientation which helps ensure that the tenants are informed about how to contact us with problems, what their responsibilities are, and to avoid any misunderstandings that can lead to problems down the road.
Rent Collection: Rents are due on the 1st of the month. A 5 day grace period is given for late payment. Failure to pay by the 5th will result in penalties and the tenant will be served with a 5-day notice to quit or pay rent.
Inspections: Properties are inspected periodically for signs of damage, general upkeep, or other problems that require attention.
24/7 Answering Service: We are available during normal business hours, and there is always a property manager and maintenance technician on call after hours. Our answering service will contact someone in the event of an emergency.
Bookkeeping: We perform complete bookkeeping services for all our property owners. Our services include both payables and receivables. Note that all rent monies are kept in our real estate trust account and are not commingled with our own funds.
Financial Reporting: Each month you will receive a set of financial statements, including an income statement, a balance sheet, and a tenant roster with the rent collection status. We also send copies of all maintenance work orders for the month. At tax time, you can give your year-end financial statements to your accountant to help in preparing your Schedule E.
Move-Out Inspection: When tenant moves out, we will perform a comprehensive inspection and compare the condition of the unit to the way it was when the tenant moved in referencing the Move In Inspection report. Any items that are not normal wear and tear will be deducted from their security deposit.
Security Deposit: Once the final expenses have been reconciled, the balance of the tenant’s security deposit along with an accounting of any deductions will be returned to them within the 21-day statutory time limit.
Evictions and Legal Actions: In the unfortunate event that a relationship with a tenant results in legal action, we will work towards evicting the tenant and recovering damages for you. State laws prohibit us from representing owners in court; however, we have relationships with legal counsel that specializes in landlord tenant matters.
Our team of bonded and insured maintenance technicians are prepared to handle a wide range of services. Whether it is a simple light duty task, a complex job involving mechanical systems, or an emergency service call, our professionals will provide prompt, quality workmanship at competitive rates.
We can perform a wide range of services, including:
Interior and Exterior Painting
Mechanical System Repairs and Upkeep
For jobs we are unable to perform with our staff, we aggressively bid contracts out to proven vendors and manage their work.
Controlling costs is a key property management objective. On one hand, property owners must be prepared to invest in the proper level of maintenance and repair of their units to attract and retain quality tenants. On the other hand, there is always the concern of keeping costs under control to maintain cash flow and profitability. Our property managers are well aware of these trade-offs, and will work diligently to strike a balance to maximize your long term return on investment.
Our staff is available during normal business hours for issues related to building maintenance, and can be reached after-hours through our 24-hour answering service.
As an added convenience to residents, service requests can be submitted to us through an online form.
As a property management company, we work with a large pool of investors who buy and sell investment properties like yours. As you make changes to your own portfolio, it makes perfect sense to work with a company that not only understands the income property business, but also has a relationship with other investors who may be in the market as well.
With our full service sales plan, one of our experienced agents will put together a comprehensive marketing package to get your property sold at the best price, and as quickly as possible. We handle every aspect of the sale, all the way through closing. Our full service listings include:
A complete market analysis to help price your property accurately.
A listing in the Multiple Listing Service, to open it up to thousands of local real estate agents and their buyers.
A property manager will work with your agent to evaluate your property and make recommendations for improving its marketability.
A mailing to all of our existing clients to make sure they know that your property is available.
A high profile, high quality sign to make sure people know your property is for sale.
A color data sheet describing your property in detail.
Multiple photos of your property.
Coordinate all showings.
Working with buyers to write offers and obtain financing.
Complete handling of all the paperwork needed to complete the transaction.
Ordering the title insurance.
Coordination of the closing.
Give us a call, and we'll put together a no-obligation sales proposal for you.
For investors who are looking to trade up or trade down in a tax advantageous manner, we can work with you to execute a 1031 tax deferred exchange. We'll help you find a qualified intermediary who can escrow your funds while we work diligently to find a suitable replacement property within the timeframe allowed by the IRS. Please give us a call for for information.
Manage to Sell
If you are not already a management customer, we can put together a combined management and sales package for you. This allows you to immediately relieve yourself of the responsibility of having to manage the property while it is being sold.