As a rental owner, you need to decide if you are going to manage the property yourself or hire a property management company. Owning a rental home can be exciting with the opportunity to earn passive income, but if you are going to go at it alone there are some responsibilities you should be aware of. Many people have the misconception that being a landlord is not hard work. Little do they know that being a landlord can be a full-time job.  There are more duties and responsibilities involved than just collecting rent. While you expect your tenants to pay rent each month, they also have expectations and you have responsibilities.

 

So what exactly are you responsible for? As a landlord, you are responsible for providing a “habitable” unit to your tenant. You might wonder, what does the term “habitable” mean? Habitable means that the rental unit must be fit to live in. It has to be safe, clean, free from hazards or defects, and be compliant with all state and local building and health codes. You also have financial responsibilities for items such as taxes, insurance, and property maintenance. Being a landlord also involves following the law. There are federal laws, state laws, and local laws that you must know and follow before proceeding with your decision to purchase a rental home.

 

Your main responsibility is to keep the property habitable, which means you also need to make yourself available to deal with any emergency that may arise at any time of the day. Ideally, you will want to live near your rental property so you can inspect it regularly and review any recent repairs.

 

The basic landlord responsibilities include:

  • Screening Tenants
  • Creating Lease Agreements
  • Setting a Fair Market Rent Price
  • Collecting Rent
  • Afterhours Repair Requests
  • Tenant Disputes and Complaints
  • Return of the Security Deposit
  • Complying with all local, state and federal laws
  • Paying for taxes and insurance
  • Keep Up with Safety Codes
  • Providing the necessary heat, electric, and hot and cold water facilities
  • Ensure that electrical; plumbing; heating, ventilation and air conditioning (HVAC); and sanitary systems are properly maintained.

 

By now you have probably realized that being a landlord is definitely a full-time job and it can be a constant source of stress. Hiring a good property management company can be one of your greatest assets. At (Beaufort Rentals / CRM Properties / House Match Property Management /) we have the experience, tools, and resources to effectively manage your property. Call us today and let us take care of the hassle of property management. (765) 459-8034 Sit back and relax.

 

 

 

Bethan Johnson

Turn Coordinator

Bethan is a Property Manager Assistant. She performs all property inspection and evaluations, creates tenant invoices and oversees disposition of security deposits.

Why choose CRM Properties?

We have the best selection of homes in the Kokomo area. Our staff’s dedication to customer service leads to a swift response to maintenance and tenant questions.

 

What is your screening process?

We verify income with copies of pay stubs and verification from your employer. We check court records for any judgments and criminal activity. We also contact your previous landlords directly for a referral. We will verify that the person we call is actually your landlord.

 

Are pets allowed?

Most homes allow pets. We do have breed and size restrictions. We limit the number of allowed pets and you must provide proof of vaccinations on all pets. We charge an additional $25 per month and $150 additional deposit.

 

How much is the damage deposit?

The damage deposit is equal to one month’s rent. An additional $150 is required for all pets.

 

How long of a lease must I sign?

Our leases are typically one year. During winter months we structure our leases to expire during the spring.

 

How do I pay my rent?

You can pay rent in person with a personal check, cashier’s check or money order. You may set up an e-payment or direct deposit. You may also mail your rent or use our dropbox.

 

What happens if I can’t pay my rent on time?

We do not make arrangements on rent. Rent is due on the 1st of each month. Late fees start on the 5th. If we do not receive rent by the 15th we file an eviction. You may stop the eviction if you pay rent in full prior to the eviction date.

 

How are utilities handled?

Utilities are typically the tenant’s responsibility. Utilities must be transferred into the tenants name prior to signing the lease. If the tenant is responsible for the sanitation bill and fails to pay it, we reserve the right to increase the monthly rent and include sanitation in the rent.

 

What do I do if I have a maintenance request?

Why choose CRM Properties?

 

What do you charge?

 

When do I get paid?

 

How much is the damage deposit?

 

How long will it take to get my property rented?

 

How do you market my property?

 

What is your approval process for tenants?

 

What is the tenant deposit and length of lease?

 

Do you accept pets?

 

What is the eviction process?

Amanda Mendenhall

Leasing Agent

Amanda is our Leasing Agent. She oversees property showings and screens applicants.

Bethany Shoffner

Portfolio Manager

Bethany is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience.

Hannah Dobbins

Resident Service Coordinator

Julie Mullinax

Operations Manager

Julie is our Operations Manager. She oversees the staff and the day to day operations of our company.

Heather Johnson

Property Manager

Heather is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience

Jennifer Koenig

Resident Services Coordinator

Jennifer is our Office Assistant. She assists the Property Managers with all property and social media marketing.

Amanda Marshall

Maintenance Coordinator

Theresa Cain-Rush

Property Management Assistant

Darin Olson

Maintenance Manager

Darin is our Maintenance Manager. He investigates maintenance issues and offers suggestions and estimates for repairs.

Lynda Simpson

Bookkeeper

Lynda is our Bookkeeper. She handles all accounts payable and receivables. She also coordinates all owner and tenant billing.

Chris Mullinax

Broker Owner & New Business Development

As President and Owner of CRM Properties Chris helps generate new business and works on making sure the business is compliant with all local, state and national laws and ordinances.

Call us at (765) 459-8034 during business hours.

We guarantee that a team member will be on the other end to answer any questions you may have.

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