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We don't just rent your property, we manage it!
CENTURY 21 Sweyer & Associates Property Management saves you time and money
while you enjoy the income and tax benefits of owning rental investment
property. Benefits in hiring CENTURY 21 Sweyer & Associates Property Management
include:
Attracting Qualified Tenants
Advertising is often placed in The Wilmington Star News, The Topsail
Voice, and with two rental referral companies. In addition, tenants
are attracted through the Multiple Listing Services, the Internet,
local major employers and flyers to local Realtors. Approximately
half of our properties are rented through a time-developed network
of agent referrals.
Performing Background Checks of Tenants
One of the most valuable services performed is checking tenants’
backgrounds. Credit, employment, criminal, and financial status
are reported through Production Credit. The staff calls current
and past landlords and employers for verification information to
be discussed with the property owner.
Inspecting the Property
To protect the owner’s investment, CENTURY 21 Sweyer & Associates Property
Management arranges inspections of the property before and after
the tenant moves in. In addition, inspections are made during tenancy
as needed. Plus, each tenant completes a move-in report to insure
a proper record of the property’s condition.
Arranging Maintenance & Repairs
CENTURY 21 Sweyer & Associates Property Management provides
company insured handymen at reduced rates. In addition, licensed
contractors are called to make repairs on major air conditioning,
heating, electrical, and plumbing repairs. Except in an emergency,
property owners are notified of any repair that exceeds $200.
Negotiating Rental Rates
Rent rates are negotiated to the highest possible level depending
on market conditions, quality of the tenant, length of leases, type
of property, and the time of year. Although a tenant may offer a
certain rent rate, staff often must negotiate a higher rate due
to the circumstances. Setting proper rental rates and maintaining
a strong marketing effort has allowed us to maintain a high occupancy
rate!
Insuring Legal Documents
Leases and other documents used adhere to the North Carolina Landlord-Tenant
Act and clearly explain landlord rights and tenant responsibilities.
Although complete background checks are made, occasionally tenant
problems arise. CENTURY 21 Sweyer & Associates Property Management has its own
attorney who often provides free legal advice or services at a reduced
fee.
Collecting Rent
Rents are sent to the property owner monthly unless an expense prevents
mailing all funds. Tenants who have not paid their rent by the 5th
of the month are sent a late notice. Although evictions are rare,
CENTURY 21 Sweyer & Associates Property Management will normally arrange the
removal of a tenant from the property should the rent not be paid
in a timely manner.
Providing Monthly Accounting
Property owner checks and computer-generated statements are mailed
prior to the end of every month. An annual end-of-year accounting
is provided to each property owner for tax reporting. Property owners
should check with their accountant to verify the tax advantages
when owning rental property. In addition, other required reports
are prepared for several government agencies.
Enjoying Reasonable Fees
CENTURY 21 Sweyer & Associates Property Management offers full
management services for 12% of monies collected from tenants’ payable
monthly. Most management companies fall in this same fee range
depending on the type of property managed, market conditions and
area. However, the difference in property management firms is
often the quality of services. CENTURY 21 Sweyer & Associates
Property Management’s company
goal is to provide outstanding service so that any fees paid by
the property owner are normally saved by avoiding longer vacancy
times, excess repair costs, and tenants who have not been checked
out completely.
Contrary to some management companies, no start up fee, Realtor
referral fee, leasing commission, releasing commission, flat fee
when the property is vacant, or a fee to arrange maintenance normally
exists. In order to avoid any of these “extra”
fees, the property owner is asked to keep the property under management
on an annual basis. Contact our Property Management office
for a free quote on full management or on an alternative service
plan!
Conducting a Free Rental Analysis
A Rental Analysis helps determine what the property will rent for
on a long-term basis. The analysis normally consists of visiting
the property features, evaluating the property and its neighborhood.
Recommendations are provided regarding repairs, appearance, marketing
ideas and a rent range. A free Rental Analysis can be arranged by
calling our office 24 hours, 7 days a week at (910) 256-3031. Property
owners are under no obligation to begin management services after
a Rental Analysis is provided.
Starting Property Management Services
Rental Analysis is not always necessary to begin management, however,
it can often answer many questions. Normally, everything that is
needed to begin managing an owner’s property can be accomplished
in an hour at the property site. After a rental analysis and/or
discussion is completed, management can begin immediately once a
management or listing agreement is signed. If the owner lives
out of town or cannot meet at the property, we will arrange to take
care of all paperwork through the mail or by fax.
CENTURY 21 Sweyer & Associates Property Management
Serving
Wilmington & Hampstead:
1642
Military Cutoff
Wilmington,
NC 28403
Phone:
(910) 256-3031
Fax:
(910) 256-0484
E-mail:
ncarter@c21sweyer.com
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