With our extensive knowledge of the Shreveport/ Bossier rental market, we will help investors determine optimal rates for properties to allow quick leasing and maximize return on investment.
Market Property
Prepare property for rent
Internet advertisement: website (http://www.portcityrealty.org) and social media
Advertise with signs, flyers, and referral program
Meet prospective tenants for showings throughout the week and weekend
Guide prospective tenants through application process
Resident Screening and Selection
Perform a background check to verify identity, income, credit history, and rental history
Grade tenants according to pre-defined tenant criteria
Decide which tenants meet our standards
Tenant Move In
Review lease guidelines with tenant regarding rental payment terms and property maintenance
Perform detailed move in inspection with tenant
Collect first months rent and security deposit
Rent Collection
Receiving rent
Collecting late payments
Distribute collected funds (direct deposit or check)
Evictions
Filing relevant paperwork to initiate and complete an unlawful detainer action
Representing investor in court
Coordinating with law enforcement to remove tenant and tenants possessions from unit
Financial Reporting
Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
Provide easy to read monthly cash-flow statements that offer a detailed breakdown of income and itemized expenses
Maintenance and Repairs
Provide and oversee an in-house maintenance crew
Establish a preventative maintenance policy to identify and deal with repair needs
Provide a network of contractors who have been vetted for good pricing and quality work that is up to code.
Assign jobs to different parties based on who will do the best job for the best price.
Maintain and monitor a 24 hour emergency repair hot-line
Discuss with owner any repair totaling more than $250.
Tenant Move Out
Inspect unit and fill out a report on the property's condition when tenants moves out
Provide tenants with a copy as well as estimated damages
Return the balance of the security deposit to tenants
Forward any eligible portion of tenant’s deposit to investor
Clean unit and perform and needed repairs or upgrades