Our fees are surprisingly simple and very reasonable. You pay nothing until your property is leased. After your property is leased we charge a rental/lease commission (first month only) and a percentage of the monthly collected rents for ongoing management of the property. There are no other charges.
Property Preparation and CMA
We will meet you at the property to give you our suggestions as to what repairs and maintenance will need to be performed prior to putting your property on the market. We can supervise repairs using either your vendors or our own, whichever meets with your approval.
Once the property is ready to show and you have approved the amount of rent to be charged, we digitally photograph the property document its condition. We then begin the marketing process.
As prospective tenants apply, we perform the screening process and provide you with the results.
We perform a pre move-in inspection with the tenant and document (both by photograph and written inspection agreement) the condition of the property. We also collect the first month's rent and security deposit prior to the tenant moving-in and we collect signatures on all necessary disclosures and rental/lease agreements.
Property Maintenance and Repair
We coordinate required maintenance and repairs which you have authorized, using either our vendors or yours. The costs of these repairs are either collected from the tenant (if the tenant is responsible) or can be paid out of the rental proceeds.
Collection, Payments and Reporting
Each month we collect the rent payments for you, subtract the costs of repairs and our management fee and remit the difference to you. You can also make arrangements with us to pay the reoccurring costs of your property such as HOA dues, insurance, etc. You will be provided periodic accountings of the income and expenses you have authorized for your property. We also provide you with year-end reporting and 1099s as may be appropriate. In the event the rents are not paid on a timely basis, we will (with your authorization) initiate the appropriate actions to collect the rents and/or to evict the tenant.
OC Property Management & Sales, Inc.
26895 Aliso Creek Rd., Ste B-632
Aliso Viejo, CA 92656