Download a Sample Property Management Agreement here.
The monthly management fee is 8%.
Who Selects The Tenant? The short answer to this question is we select the tenant. Management companies are governed by Federal and State Fair Housing Laws. For this reason, we have strict guidelines in the processes we use to select tenants and what we do with the information that we collect. We have established criteria we use to select tenants. Some of the primary factors are: credit score and history, criminal records, past rental history, and proof of income. Download Rice Real Estate’s Scoring Card here. ***Rice Real Estate has never had to file eviction on a Tenant we placed into a managed rental property.
What Does the Management Fee Include? Our property management services include: showing of property, tenant screening, executing leases, lease renewals, collecting rents, scheduling of interior/exterior property inspections with a 3rd party vendor, distribution of rents (including payments to vendors of any maintenance costs), coordinating move-in/move-out processes, facilitating tenant communication and owner communication, monthly financial statements, and initiation of the eviction process with a 3rd party vendor (not to include costs related to filing fees, posting fees, legal, and court costs).
Download a Sample Property Management Agreement by clicking the PDF icon below.
