MANAGEMENT SERVICES

MANAGEMENT SERVICES

What We Do As Your Property Manager

EXTENSIVE MARKETING OF VACANT PROPERTIES

  • professional “on property” FOR RENT or LEASE signs
  • rental list available by web, fax, office, email
  • advertise in newspaper, Sacramento Bee and/or local newspapers
  • vacancy list is posted on the web
  • track calls and show properties

CAREFUL TENANT SCREENING

  • thorough tenant application processing
  • credit report
  • income verification
  • unlawful detainer (eviction) check
  • owner approval of all applications

RENTAL INCOME

  • new tenants may pay rent by EFT “Electronic Funds Transfer”
  • receive rent from tenant by mail or personal payment
  • post rents into computer
  • run delinquency list on 7th of month

MAINTENANCE

  • tenant calls us for all repair request
  • maintain maintenance log on all properties
  • high quality maintenance with follow-up
  • use of maintenance staff for minor repairs
  • use of licensed and insured contractors
  • timely response to repair request
  • 24 hour emergency service
  • handle all maintenance and repairs of up to $300 per one repair transaction without prior approval from the Owner.

COMPUTERIZED ACCOUNTING

  • detailed monthly statements are provided as well as original receipts for all expense items.
  • year-end 1099 statements for tax purposes
  • we pay if authorized – mortgages, insurance, taxes, utilities, etc. for you

OWNER RELATIONSHIPS

  • communication, communication, communication
  • you are not “just a number” with Cornerstone Property Management
  • Cornerstone works for you and with you to see that your property is managed profitably.
  • Cornerstone constantly strives to provide each owner with the most professional management available and maintain their properties in the best condition possible.
  • each property is given special attention.

TENANT RELATIONSHIPS

  • individual attention for tenants
  • responsive to tenant concerns
  • quick response to repair requests

ROUTINE INSPECTIONS

  • walk-through of the property upon signing of management agreement.
  • move-in/move-out inspections at tenant turnover
  • drive-by property reviews
  • annual interior inspection to check for leaks, smoke alarm operation, filters, etc. (small charge to owner for this service – service call + materials)

EVICTIONS (if needed)

  • three-day notices are served between the 5th & 8th of each month
  • tenants are given courtesy call about rent
  • owners are called when tenant has not paid
  • documents are prepared and faxed to attorney to start eviction process between 15th and 20th of the month
  • we go to court on owners’ behalf.

MOVE-IN PROCEDURES

  • Set move-in date and time with new tenant and arrange for tenant to bring in deposit on property
  • Prepare all forms needed for move-in. (rental agreement, disclosure form, lead paint booklet, move-in inspection form, maintenance procedure form, and new tenant form)
  • Let owner and other leasing/rental agencies know the property has been rented
  • Call to cancel utilities: Water, Garbage Collection & Gas/Electric Utilities
  • Cancel all ads and have sign removed.
  • Meet new tenant on property and do move-in, signing all forms and completing move-in condition sheet.
  • Also give tenant instructions on any appliances, heating, air, pool, sprinkler equipment necessary.
  • Send copy of signed rental agreement and send to owner for his/her records. Send note about prorated amounts of rent if needed

OUR FEES

  • Set move-in date and time with new tenant and arrange for tenant to bring in deposit on property
  • Prepare all forms needed for move-in. (rental agreement, disclosure form, lead paint booklet, move-in inspection form, maintenance procedure form, and new tenant form)
  • Monthly management fee as percentage of gross income and based on term of management agreement. For nominal long term agreements: 7% single family, 8% for duplex, multifamily units will be quoted after consultation and inspection.
  • Lease up commission 50% of 1st month’s rent for locating and signing on a new tenant.
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