Frequently Asked Questions About Real Property Management Viking
Why do you offer different management services?
We understand that everyone’s situation is different. Some clients only need assistance with leasing the property and processing rent payments each month, while others prefer to have all aspects of the management process taken care of for them. That’s why we give our clients options and let them decide which management plan and optional services are right for them.
How quickly will you find a tenant?
Our marketing program and leasing services are second to none. Backed by a national marketing team with brand exposure nationally and internationally. That being said, leasing is a fluid process with many variables including asking price, local inventory levels, and seasonal factors. In most cases however, we can find a qualified applicant within 29 days.
How much will my property rent for?
Much like the real estate market determines sales prices, the local rental market determines rental rates. There are three factors that contribute to how much your property will receive in rent:
• Availability and rental rates of comparable properties
• The features and benefits of your property
• The marketing exposure for your vacancy
After we receive the details on your property, we will do a market analysis and set a starting price. We then evaluate all of our vacancies weekly and make adjustments in the price or our marketing efforts to get it rented as quickly as possible.
What is the tenant screening process?
All prospective tenants are run through an extensive 8 step screening process.
1) Nationwide Background Check
2) Eviction Database Check
3) Criminal Background Check
4) Sex offender Database Check
5) Credit Check
6) Financial Qualification, Income ratios
7) Verification of Employment and Income
8) Rental history by contacting their two previous landlords for references.
Finally, we can screen any pets that are to be kept for prior damage to rental property, aggressive behavior, and veterinary references.
When do you pay owners?
We will disperse funds by convenient ACH transfer on the 10th of every month as well as post your monthly owner statement.
Do I get to approve maintenance and repairs?
Yes. All of our owners are notified of all maintenance issues as they arise. However, we will address and resolve all repair requests for our owners. We do typically set a maintenance reserve of $250-$500 meaning that if a maintenance issue comes up and is below the reserve amount, we just fix it and let you know. This keeps your property running smoothly and your tenants happy. For larger issues, we typically get multiple bids and will always contact you for approval.
What happens if my tenant stops paying or causes trouble?
Our rigorous screening process usually prevents these types of issues however, if a problem should arise, our premium service clients can rest assured that we always respond aggressively. Rent is due on the 1st and is accepted late up to the 2nd. On the 3rd the eviction process is started with a 3-day notice to pay or quit. Nuisance issues are handled in a similar way with one warning given before notice is posted. We also keep a lawyer on retainer to address eviction and collection issues as well as to dispense legal advice when necessary.
Who will be in charge of my property?
Every client is assigned a designated property manager for his/her rental property. This means you’ll have the cell phone number of a point person to call with any questions about your property or it’s care.
Why do you offer different management services?
We offer different management services because every client's situation is unique. Some need help only with leasing and rent processing, while others prefer comprehensive management. We provide options to fit your needs.
How quickly can you find a tenant for my property?
Typically, we can find a qualified tenant within 29 days, though this depends on factors like asking price, local inventory, and the season.
How do you determine the rental price for my property?
Rental rates are set by analyzing comparable properties' availability and rates, your property's features, and our marketing exposure. We perform market analysis and adjust pricing or marketing weekly to rent your property quickly.
What is involved in your tenant screening process?
We conduct an 8-step screening including background, eviction, criminal, sex offender, credit checks, financial verification, employment confirmation, rental history, and pet screening when applicable.
When do owners receive rental payments?
Owners receive funds via ACH transfer on the 10th of every month along with their monthly owner statement.
Do I approve maintenance and repair work on my property?
Yes, owners are notified of all maintenance issues. Minor repairs under $250-$500 are handled directly; larger issues get multiple bids and require owner approval.
How does your company handle tenants who stop paying or cause problems?
We act promptly: rent is due the 1st, late up to the 2nd; eviction process begins on the 3rd with legal support available. Nuisance issues get warnings before eviction notices. Our thorough screening minimizes these issues.
Who manages my property and how can I contact them?
You will be assigned a dedicated property manager with direct contact, including their cell phone number for any questions or concerns about your property care.
What nearby places can I visit when I come to Real Property Management Viking?
Nearby you can visit Bear Cave Brewing for great pizza and pub atmosphere, Munkabeans Coffeehouse for coffee and ice cream, and Garden Party Gallery if you enjoy antiques. These places offer enjoyable options before or after your visit with us.
Are there convenient services near Real Property Management Viking to assist with personal needs?
Yes, nearby you will find helpful services like Edward Jones for financial advising, Jeff's Barber Shop and Be Be Hair for grooming, and Gendler Dental Center and Loyd Dental Studio for dental and medical needs.
How can nearby community and entertainment venues complement my visit to Real Property Management Viking?
You can explore cultural and social spots such as St Gabriel Church, Mann Hopkins Cinema for movies, Stages Theatre Company for live theatre, or the American Legion social club for community events after your visit.