INVESTORS

Are you frustrated with your rental property or a first time investor?

Most experienced residential rental property owners use professional property managers. Why? Because smart landlords know a full-service property management company is the key to making money on their real estate investment.

Unfortunately, most first-time rental property owners lack the wisdom of experience, hoping to save a buck by doing everything themselves. What they soon realize is that their time is money, and every hour they spend placing ads, showing properties, screening tenants, collecting rent and overseeing repairs cuts into their profits.

At Sonoran Sky Realty, our goal is to make managing your rental property a worry-free and profitable experience for you. As a full-service property management firm, we’ll take care of every aspect of leasing and managing your single family home, condominium, duplex or apartment complex. Most of our services fall within the following categories.

Marketing

Evaluating market conditions in relation to your property’s rental value is the first step.  Once we both agree on a price for your rental property our aggressive marketing team will start marketing your property.  Our advertising technique guarantees your property to be presented to the largest possible market in the shortest possible time. Our marketing consists of signs, online ads, website marketing (your property gets added to our website and list of quality properties), Multiple Listing Service and possible print ads. We are available most hours of the day to handle calls and emails from potential renters.

Tenant  Screening

For additional protection, appropriate security deposits are always collected upon completion of a rental application by a prospective tenant. Amount of deposits are based on the monthly rental rate and the credit worthiness of the tenant. Applicants with pets are required to pay an additional pet deposit if a pet is approved by the owner.

All deposits are maintained in a trust checking account as required by state real estate regulations until they are either refunded to the tenant upon the successful check-out inspection or are forfeited to cover damages caused by lease violations.

All Move-In Paperwork

We undertake a move-in inspection with the new tenant using the property condition report. We find this helps develop a good working relationship with the new tenant and gives us one more opportunity to encourage our tenants to take pride in their home. It also protects the property owner against disputes in the rare occasion any damage occurs to their unit.

Rent Collection

All rent is due on the 1st of each month and is considered late and penalized if received after the 5th of the month. Late notices are sent on the 6th and eviction proceedings are initiated if the tenant does not make immediate arrangements for rent payment. We feel that the collection of rent is one of our most important functions of managing your property.

When the tenant vacates the property the property manager will conduct a move-out inspection, determine charges for which the tenant is responsible, make arrangements to have the work done and make sure the deposit accounting is completed per the Landlord/Tenant Act. We take all phone calls from past tenants if the deposit accounting is disputed.

Landlord Headaches

We handle all emergencies for the owner. If a hot water heater starts leaking on a holiday, the tenants call us instead of the owner. If there’s a leak from the upstairs condo’s bathroom, we’ll deal with the homeowners’ association. If there’s damage from a storm, if asked by the owner, we’ll call the insurance company and work with the adjuster.

Mortgage Payments

If you wish, we will make the mortgage payments (as well as homeowner association payments and other relevant property service payments) for you. Simply supply us with the necessary mortgage payment cards or coupons provided by your mortgage company or homeowners association. Payments can be deducted from your account balance automatically on a monthly basis.

If your property has a large, consistently negative cash-flow each month, arrangements is needed to keep an additional minimum balance amount in the account if we are paying your mortgage.

Accounting Services

Every transaction affecting your account balance is recorded and explained in detail. Our accounting system enables you to see exactly what has transpired with your property on a monthly basis.

Copies of all receipts are kept on file throughout the year. We will be happy to provide duplicate copies of this information each month or at the end of the year to help you with your tax preparations.

In addition to the monthly statements we also provide a complete account summary at the end of the year. This shows you each accounting transaction posted on your property during the year: i.e. total rent received, total mortgage payments made, total maintenance expenses, etc. These statements are specially designed to simplify the year-end tax preparation job for you or your accountant.

Property Inspections

Our main job is to protect your investment property. We do this in two different ways. First we make frequent drive-by inspection tours of your property. In addition, we make regular preventive maintenance inspections of the interior property. It is stated in the tenants lease agreement that we have the right to make routine announced inspections. Tenants are always notified in writing of pending property inspections. Inspections are conducted with the tenant present, using the property condition report that was executed by the tenant upon move-in. We compare for discrepancies, missing items, and any damage. At the same time we also check for preventive maintenance items.

Repairs and Maintenance Services

Timely and competent maintenance is the key to protecting your investment. Our goal is to provide you with this important service at a reasonable price using only qualified personnel. Depending upon the nature of the issue, some small repairs or adjustments can be handled by our in-house maintenance staff, but most repairs will be handled by independent third party vendors or outside contractors. Each has been selected because of their ability to provide the best possible service at the best price.

OUR PERSONAL GUARANTEE

We trust this overview meets your expectations of a full service property management organization. It is Sonoran Sky Realty Management’s commitment to provide you with the most reliable service possible. If you have any questions or comments, please give us a call at (520) 232-2324. Our customers are our most important assets. Thank you for considering Sonoran Sky Realty Management as your complete full service property management company. We look forward to doing business with you.

If we did not answer all of your questions or you are interested in creating a working relationship with us, feel free to call us, email us or complete the Contact Us form.