Property Management Services
INSPECTION AND EVALUATION OF THE PROPERTY:
- To determine prevailing rent under current market conditions and repairs necessary in order to prepare the unit for rent.
- Walk through after tenants have vacated to make decisions regarding the return of security deposits.
- Inspection of properties periodically to assess general upkeep/condition of the unit and advise of any upgrades or improvements required.
ADVERTISEMENT OF PROPERTY:
We will write and place advertisements for the property, and with your approval, a "For Rent" sign will be placed on the property to facilitate the leasing effort. We advertise all listings on our Multiple Listing Service, our website, social media, WilmingtonRent.com, VacationHomeRentals.com, Craigslist, Hot Pads, Trulia and Zillow in order to get maximum exposure for your property. We pay all advertising expenses.
SHOWING OF PROPERTY:
We will arrange showings of the vacant units to prospective tenants, and personally show those units that are furnished through the year.
Provide new tenants with information to transfer all utilities to their name once rented.
EMERGENCY - AFTER HOURS:
Our staff carries a cell phone 24 hours a day in order to respond immediately to emergency maintenance issues that could otherwise displace tenants and cause property damage.
SECURING A LEASE:
We will make every effort to secure a tenant, which meets our specifications and approval. We screen prospective tenants via an online credit reporting agency (credit, income, employment, prior residences, criminal history and evictions history). We will secure a written lease, signed by a tenant, as well as collect a security deposit/non refundable pet fee if applicable. We ensure that the lease complies with the Residential Rental Agreement laws of North Carolina, and negotiate lease renewals and rent increases as required.
COLLECTION OF RENT/COURT ACTION:
We will collect tenant’s rents and make disbursements of these funds as directed by you. We follow up with late/final notices if applicable. We maintain files on all tenants, including current charges, late charges, security deposits, pet fees, utilities etc. When necessary, and with approval, we will institute and prosecute such Judicial actions and proceedings as required to recover rents and/or evict tenants.
Accounting and monitoring of individual balances. We maintain complete records on each rental unit, including back up documentation for both revenues and expenditure. You will be furnished a statement for your property each month. We will provide an IRS Form 1099 to owners at the end of each year which reflects gross income collected during the year.
Security deposits, in the amount allowed by law, will be collected and deposited in a trust account in compliance with the laws of North Carolina.
REPAIRS AND MAINTENANCE:
We will arrange and supervise any necessary repairs and maintenance to your property. We perform "competitive shopping" for the best quality of workmanship wherever possible. If you prefer handle repairs yourself, we can accommodate that as well.
Wilmington's Best Rentals offers professional Property Management for both local and out-of-town owners of rental property at very reasonable commission rates:
- One time set up fee of $250.00
- Long Term Rentals - twelve (12) percent
- Vacation Rentals - twenty (20) percent
- Commercial Property Management - Based on individual units.
We are licensed by the North Carolina Real Estate Commission to conduct business in North Carolina. We are familiar with the local, state and federal housing laws imposed upon the owners of rental property. We are members of:
- PMD - Property Management Division - NCAR
- IREM - Institute of Real Estate Management
- CAI - Communities Associations Institute
- VRMA - Vacation Rental Managers Association
Wilmington's Best Rentals has a commitment to comply with these requirements and obligations. As the owner's agent, we are required by law to represent the owner's interest to the best of our ability. If given the opportunity to manage your property, we pledge to do this for you. We will be happy to furnish references by request.
If you would like additional information about our Property Management Services, please call us today.
Karen D. Parkin, ARM®, GRI Broker, REALTOR®
Director - Wilmington Regional Association of REALTORS® 2007-2009
2010 MLS President Wilmington Regional Association of REALTORS®
2011 WRAR President Wilmington Regional Association of REALTORS®
Wilmington's Best Rentals
1113-C Military Cutoff Road
Wilmington, NC 28405
Tel: (910) 344-0467
Fax: (910) 344-0146
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Contact UsWilmington’s Best Rentals
1113-C Military Cutoff Road
Wilmington, NC 28405
Ph: (910) 344-0467
Fax: (910) 256-8969