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SCHEDULE OF PROPERTY MANAGEMENT SERVICES
Advertising • Print media (St Louis Post Dispatch, Suburban Journal) • Electronic media – All listings are posted on our web site at HNRProperties.com and Craig's list. Pictures are attached to each listing. • A "For Rent" sign is posted in front of the property.
Tenant Qualification • Prior to showings, prospective tenants are pre-qualified over the telephone according to the restrictions of the property (pets, smokers) and an appointment to show the property is made. If interested, application is processed and verified. • Credit and criminal background checks are made. Previous rental history and employment is verified.
Security Deposit • In accordance with Missouri law, the security deposit in the amount of one months rent is deposited into a trust account. Said deposit shall not be used as last months rent.
Rent Collection • Rent is collected on the first of each month. A late fee of $5.00 per day shall be charged for payments made after the first of the month.A fee of $50.00 shall be charged for any returned checks.
Property Inspections • An interior inspection is made the first six months of each initial tenancy. Inspections will continue if needed. Exterior drive-byes are more frequent.
Maintenance • Hire, oversee & approve all work orders on said rental.
Payments • Any payments related to the rental property, including Mortgage, insurance, taxes, utility billings, homeowner's dues, in accordance with the Owner's instructions.
Statements & deposits • Hintmann Nations Homes LLC will provide Owner a detailed income and expense report both month and year-to-date totals are sent on a monthly basis. • Rental income can be mailed to the owner or deposited into a bank account according to Owner's wishes.
SCHEDULE OF PROPERTY MANAGEMENT FEES
- One-time bookkeeping set up fee, to be established per property.
For single family homes the fee is $45.00. For 2-6 unit buildings the fee is $65.00. For 7-15 unit buildings the fee is $85.00. Anything larger is negotiable.
- Leasing Commission - One half of the first months rent.
- Actual advertising costs.
- Monthly Management - 9% of the gross rent per building.
- Termination Fee – $1,000 fee if Owner decides to sell the property during the term of the lease
- All court costs, filing fees, attorney's fees and all other legal costs associated with eviction proceedings will be paid by Owner.
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