OUR LEASING TEAM WILL FIND YOU THE RIGHT TENANT
WITH OVER 500,000 SQFT CURRENTLY LEASED
When you're searching for a company to lease your property, you want to know that you're in the best of hands. With more than two decades of experience, we can proudly say we've learned a thing or two about real estate – and that knowledge helps you. With REALTY WORKS on board, efficient leasing doesn’t cost, it pays! Quality tenants create a quality return.
+ HOW MUCH ARE LEASING FEES?
Our management fees depend on the type and complexity of the property. Below is a breakdown of our “typical” management fee schedule:
Residential Income (SFR, condos, halfplexes): 6% of rent ($75 minimum). Multi Unit Residential: Duplex = $145/mo, Triplex = $195/mo, 4plex = $245/mo, 5+ units = % of rent. Commercial Properties (commercial, retail, office, mix-use, industrial): 6-8% of gross scheduled monthly rents. Leasing: Typically 50% of one month's rent for new tenants and $99 for renewals.
+ How are Rental Rates Determined?
We continuously monitor the market and conduct objective Rental Surveys for current rental rates. We understand that every owner wants to get top dollar for their properties and inexperienced property managers may tell owners what they want to hear, but this may lead to an unhappy owner due to an extended vacancy. In our experience, rental rates are determined by market demands, not by property managers or owners. If you think your property is unique or better than the competition, you can price it for higher than what the average property is renting for to test the market and see what the response is like. If the market agrees with your pricing and your property is rented quickly—great! If your property gets very little interest or does not rent out within a week, we recommend you lower the rent because a vacant property is an expensive liability.
+ HOW ARE SECURITY DEPOSITS HANDLED?
We hold the tenant's security deposit until the tenant moves out. We will perform a move-out inspection and return the tenant's security deposit minus any charges the tenant is responsible for.
+ How do you advertise for prospective tenants?
We advertise vacancies on our website, craigslist and other online media, place our distinctive “For Rent” lawn sign at the property giving prospective tenants who drive by our contact information and access to our website to view the details of the properties online. Approximately 1 out of 4 applicants come to us from our distinctive “For Rent” sign at the property. We can also advertise in local newspapers and online rental databases which will give you the needed exposure to fill vacancies as quickly as possible.
+ How do you screen prospective tenants?
We require a detailed written application from each adult to be named on the Lease. We process the application by verifying rental history and employment/income information. In addition, we also order a credit and eviction report which give us an accurate accounting of the tenant's financial capabilities, payment history, and eviction history.