Citywide Residential Property Management Services

Full Service Management Agreement
1 year term, scope of services as follows:

COLLECTION OF RENTS
Property Manager will collect and give receipts for all monthly rents and other monies that are due the Owner with respect to the Property. Property Management will also collect from past due/delinquent accounts and will receive a percentage of recovered funds.

FILLING VACANCIES
Property Manager shall immediately coordinate the clean-out and clean-up of vacant units. Property Management will also promptly advertise and schedule vacant unit showings.

RECORDS OF INCOME AND EXPENSE
Manager shall maintain records of all property income and expenses and submit to Owner on or before the 15th of the following month

SUBMISSION OF YEAR END REPORT
Manager shall submit to the Owner a summary of all receipts and disbursements relating to the Property for the preceding year.

MAINTENANCE OF COMMON ELEMENTS
At the direction of Owner, Manager shall cause the physical elements of the Rental Property to be maintained. Any repair exceeding $250 will require permission of Owner. Preventative maintenance reminders will be sent monthly to tenants. Manager will hire, pay, negotiate, supervise and discharge workmen required to reasonably maintain the Property.

UTILITIES AND MORTGAGES
Property Manager will receive statements and monitor status of utilities and mortgages and make necessary payments.

PAYMENT OF EXPENSES & MINIMUM ACCOUNT BALANCE
Owner funds will be held in an account held by Property Manager for all expenses with respect to the operation of the Property. Account shall bear a minimum balance of $250.00

MAINTAIN RECORDS OF INSURANCE
Manager shall maintain records of insurance coverage for the Property. Manager will cooperate with Owner & insurance agent in investigating accidents or claims for damage relating to the ownership, operation, and maintenance of the Real Estate.

DEPOSIT OF COLLECTIONS
Manager shall deposit all monies collected in Owners account. The funds of the Owner shall at all times be maintained separate from Manger’s own funds and from the funds of any others.

RESOLVE PROPERTY VIOLATIONS & EVICTIONS
Property Manager will initiate and assist with legal proceedings against tenants. Property Management will work closely with Owner to resolve any government code violations including the coordination of repairs.

Multi Family & Apartment Complex Purchasing
Our experience in managing multifamily housing will provide useful insight in connecting you to the right real estate investment. Our agents are licensed in Michigan and specialize in the Grand Rapids West Michigan rental market, let us: