| Frequently Asked Questions | ||
What are the benefits of hiring a professional property manager? |
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What are the benefits of hiring a professional property manager? Often a bad tenant seeks out individual landlords because they think they can slip in where a professional property manager knows how to properly screen applicants to avoid the potential of letting a bad tenant into your property. They do this and a whole lot more in order to protect your asset. |
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What types of property do you manage? We focus our business on managing single family homes, townhomes, and condominiums. |
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Where do you manage rental property? We manage property in the following cities Ahwatukee, Chandler, Gilbert, Mesa, Phoenix, Queen Creek, Scottsdale, and Tempe. |
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| How much rent can I charge for my property? We have a solid understanding of the rental market and set a rental rate based on current conditions within the rental market. The condition of your property, upgrades, size of your home, and the lot size all influence amount a tenant is willing to spend. A well maintained property that shows well will rent quicker, at a higher rate, and to a more qualified tenant. |
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How much of a security deposit should I collect from the tenant? The security deposit is approximately equal to one month of rent, however, if you decide you would like to allow pets, then we add an additional amount to the security deposit as a pet deposit. |
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What is typically involved in preparing a property to be rented? We will do a walk through of your property and make recommendations as to needed repairs and updates. Your goal should be to put your property in the best possible condition to maximize the potential rental amount. A property that has been maintained well not only will produce a higher rent, it is also rented quicker and attracks the most qualified tenant. |
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| Where do you advertise my property? Our first step in renting a property is advertising its availability. We provide yard signs that attract interest from drive-by traffic, we post your property to many online source which deliver high quality tenant leads. If necessary, we will post your property on the multiple listing service which gives access to hundreds of local realtors. |
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Do you offer tenant placement only services? Yes, for a one time flat fee we will. However, we believe hiring us for our full management services is really in your best interest. Here are some of the reasons why we are worth the monthly management fee:
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| What are your tenant qualifying policies? Our tenant qualifying quidelines are as follows: We require our tenants to have a monthly income of at least 3 times the monthly rent. No previous evictions are allowed. Current employment will be verified to confirm stability of income. We also perform a national eviction search and do a criminal background check. |
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What happens if the tenant moves out before the lease expires? |
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| What type of reporting do you provide? We will provide you a monthly report of rent and other income received, as well as maintenance, repairs, and other expenses incurred. This will be provided once per month. We also provide an annual statement for tax reporting purposes. |
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| How do I proceed with Daniel D Smith & Associates? Should you be interested in our management services, please call us at 1-480-389-2203 and we can discuss in detail our property management services. If you prefer, you may also email your contact information and we will quickly call you back. Click here to email us. |
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