Frequently Asked Questions About Real Property Management Meridian
Why do you offer both standard and premium property management services?
We understand that everyone’s situation is different. Some clients only need assistance with leasing their rental property and processing rent payments each month, while others prefer to have all aspects of the property management process taken care of for them. That’s why we give property owners options and let them decide which property management is right for them and their rental property.
How quickly will you find a tenant and fill vacancies?
Our marketing program and leasing services are second to none. 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 and fill vacancies within 30 days.
How much will my property rent for each month?
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 rental property will receive in rent each month.
• 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 of your specific rental property, we will complete a market analysis and set a starting price. We then evaluate all vacancies under our management on a weekly basis, making adjustments in the price or within our marketing strategy to get it rented as quickly as possible.
What is your tenant screening process?
All prospective tenants must participate in an extensive 8-step screening process. First, nationwide background checks and eviction database screenings are completed to look at criminal backgrounds and the sex offender registry. Next, we ensure they qualify financially by reviewing their credit report, verify employment, and review pay stubs and/or tax returns. Finally, we review their rental history by contacting their previous two landlords for references.
When do you pay the rental property owners?
We disperse funds via a convenient ACH transfer on the 10th of every month. We also post your monthly owner statement at this time.
Do I get to approve maintenance and repairs?
Yes. All of our rental property owners are notified of all maintenance issues as they arise. We address and resolve all repair requests for property owners for all service levels. We typically set up a maintenance reserve between $300 - $500. This means, in the event that a maintenance issue comes up and costs less than the reserve amount, we simply resolve the issue and notify you, the owner. For larger issues, we typically gather multiple bids and contact you for final approval.
What happens if my tenant stops paying rent or causes trouble?
Our rigorous tenant 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 promptly and aggressively. Rent is due on the 1st and is accepted late up to the 5th. If rent has not been paid at this time, the eviction process begins promptly on the 6th of the month in question. The eviction process is started with a 3-day notice to pay or move out. 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 rental property?
Every client is assigned a designated property manager for their rental property. This means you will have the cell phone number of a point person to call with any questions about your rental property and how it is being managed.
What types of property management services do you offer?
We offer both standard and premium property management services to accommodate different client needs, from leasing assistance to full property management.
How quickly can you find tenants and fill vacancies?
Typically, we can find qualified applicants and fill vacancies within 30 days, though this depends on factors like price, local market inventory, and seasonality.
How do you determine the monthly rent for my property?
Rent is based on comparable properties' availability and rates, your property's features, and our marketing exposure. We conduct market analysis and adjust pricing weekly to ensure quick renting.
What is your tenant screening process?
We perform an 8-step screening including nationwide background and eviction checks, credit and employment verification, and landlord references to ensure tenant reliability.
When and how do property owners receive rental payments?
Rental property owners are paid via ACH transfer on the 10th of each month, along with their monthly owner statement.
Can I approve maintenance and repair requests on my property?
Yes, owners are notified of all maintenance issues. Repairs under a reserve amount are handled directly; larger issues require owner approval after multiple bids.
How do you handle non-paying tenants or problematic behavior?
For premium clients, we respond promptly to issues. Rent due by the 1st is late after the 5th, and eviction proceedings begin on the 6th. Nuisance issues receive warnings before eviction notices. Legal support is retained.
Who will manage my rental property?
Each client is assigned a designated property manager who is their direct contact for all questions and management related to their rental property.
What nearby real estate agents can customers consult with around Real Property Management Meridian?
Nearby real estate agents include Deletha Jennings - REALTOR, The Charlie Brown Realty Group, Jessica Anderson of Phelps Realty Group, Michael Dryden of eXp Realty, Sasha Martin with Agape and Associates, Chatman Realty Group, Rick Lamoureux - Real Estate Broker, Gail Smith Realtor, and Matt Martin - Realtor.
Are there legal services near Real Property Management Meridian to assist with property issues?
Yes, nearby legal services include Wood and Sanchez specializing in divorce and family law, Carney Law PLLC handling bankruptcy and legal services, providing helpful resources for property-related legal matters.
What nearby businesses can support my property management needs in construction and roofing?
Nearby construction and roofing companies such as Sunland Asphalt & Construction, LLC., Prime TX Roofing & Construction, LLC, and Vision Roofing & General Contractors can assist with property repairs and upgrades.