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| It is Natod Management's mission to provide our owner's and tenant's the best customer service possible. |
| NATOD MANAGEMENT |
| Real Estate Brokerage and Property Management Firm |
Frequently Asked Questions
| Natod Management 2564 N. Squirrel Road, #404 Auburn Hills, MI 48326 Phone/Fax: (248) 609-7108 Email: info@NatodMgt.com or sales@NatodMgt.com |
What needs to be done to my house?
The better condition your property is in, the better quality
tenant we will attract for you. This means that the property
should be clean, walls should be painted a neutral color if they
are dirty or marred, and things should be in good repair. It is
best to have window coverings on the windows, such as blinds.
Depending on the time of the year, snow removal or lawn care
should be done prior to the new tenant moving in.
Upon taking over management, we will go through your
property and make note of the condition and what we would
suggest being done. You would then instruct us what you want
done.
How will you find tenants and how long will it
take?
Once we start management, a rental file is made up. Your
property is added to our list of available properties. Newspaper
ads are generally run as needed. We pass along to you our
contract ad rates so you save significantly on these ads. We will
also place a for lease sign on your property in most cases.
The better condition your property is in, the better quality
tenant we will attract for you. This means that the property
should be clean, walls should be painted a neutral color if they
are dirty or marred, and things should be in good repair. It is
best to have window coverings on the windows, such as blinds.
Depending on the time of the year, snow removal or lawn care
should be done prior to the new tenant moving in.
Upon taking over management, we will go through your
property and make note of the condition and what we would
suggest being done. You would then instruct us what you want
done.
How will you find tenants and how long will it
take?
Once we start management, a rental file is made up. Your
property is added to our list of available properties. Newspaper
ads are generally run as needed. We pass along to you our
contract ad rates so you save significantly on these ads. We will
also place a for lease sign on your property in most cases.
The time of year, the condition, location, and price of the property will determine
how long it takes for your property to rent. Generally, it takes one to two weeks to
lease a property in good condition during the spring and summer months. Higher
price ranges and properties on the fringes of the metro area can take longer. Some
properties lease within days. There are many variables.
Can I say who I want as tenants for my house?
You can specify whether or not you want tenants with pets (in most situations) or
even tenants who don’t smoke. However, the more restrictive you are, the longer it
could take to rent your property. You cannot discriminate against any protected
class under the federal, state, or local fair housing laws, such as saying you don’t
want children. Because of this, it is best that you stay out of the selection process.
We are professionals in leasing. We have specific criteria that every applicant has to
pass in order to rent your property.
When do I get my money each month?
Rents are due in our office on the first of each month. In order to avoid violating
trust accounting laws, we need to wait until rent checks clear before we can send
payment to you. We will collect the rent, pay the bills, and then by the twenty-fifth
of each month, provide you with a detailed monthly statement showing all the
income and expenses for the month along with payment of your cash flow.
Who does the repairs on my property?
The tenants do have responsibility for some of the maintenance on your property.
In most cases, they have to replace burned out light bulbs, change furnace filters,
change batteries in the smoke detectors, and provide other “maintenance” on the
property. Tenants are usually responsible for the lawn care and snow removal, and
other yard maintenances, and for any repairs necessitated by their own actions or
negligence.
When repairs need to be done outside the scope of the tenant’s responsibility, we
would have one of our in-house maintenance technicians or one of our sub-
contractors handle the job. Our workers are available for your property
maintenance needs 24 hours a day and their work is guaranteed. Because of the
volume of work we do with them, we usually get lower rates than you would get if
you called them directly, and we pass our savings along to you.
Can I use my own contractor?
We can use your contractor if you wish; however, as protection for you and us, they
would need to have the ability to respond and complete the work on a timely basis
and be able to provide proof of licensing and insurance, as required.
What happens if a tenant does damage?
A security deposit taken at move-in is usually adequate to handle most damage that
a properly screened tenant may cause. Tenants with good credit and prior rental or
ownership history seldom cause much damage. The horror stories you may have
heard about a property being “trashed” generally are less expensive properties that
have been rented without the proper application and screening process. Our
screening process is very thorough and can include credit, rental and ownership
history, income and employment, with specific acceptance guidelines for each.
Should the tenant leave your property owing more than is covered by the deposit,
they will be billed. If they do not pay, they will be turned over to a collection agency
or court action may be taken if appropriate.
What happens if the tenant leaves before the end of the lease?
The tenant is responsible for the rent for the duration of the lease. If they choose to
leave prior to the termination date of the lease, they will be charged for the rent
until the property is re-rented again. They are also responsible for paying us a re-
leasing fee and advertising costs so you do not incur this expense. Most responsible
tenants value their credit and their commitments and therefore honor their lease.
If you have any additional questions that were not addressed here, please contact
us or call us.
how long it takes for your property to rent. Generally, it takes one to two weeks to
lease a property in good condition during the spring and summer months. Higher
price ranges and properties on the fringes of the metro area can take longer. Some
properties lease within days. There are many variables.
Can I say who I want as tenants for my house?
You can specify whether or not you want tenants with pets (in most situations) or
even tenants who don’t smoke. However, the more restrictive you are, the longer it
could take to rent your property. You cannot discriminate against any protected
class under the federal, state, or local fair housing laws, such as saying you don’t
want children. Because of this, it is best that you stay out of the selection process.
We are professionals in leasing. We have specific criteria that every applicant has to
pass in order to rent your property.
When do I get my money each month?
Rents are due in our office on the first of each month. In order to avoid violating
trust accounting laws, we need to wait until rent checks clear before we can send
payment to you. We will collect the rent, pay the bills, and then by the twenty-fifth
of each month, provide you with a detailed monthly statement showing all the
income and expenses for the month along with payment of your cash flow.
Who does the repairs on my property?
The tenants do have responsibility for some of the maintenance on your property.
In most cases, they have to replace burned out light bulbs, change furnace filters,
change batteries in the smoke detectors, and provide other “maintenance” on the
property. Tenants are usually responsible for the lawn care and snow removal, and
other yard maintenances, and for any repairs necessitated by their own actions or
negligence.
When repairs need to be done outside the scope of the tenant’s responsibility, we
would have one of our in-house maintenance technicians or one of our sub-
contractors handle the job. Our workers are available for your property
maintenance needs 24 hours a day and their work is guaranteed. Because of the
volume of work we do with them, we usually get lower rates than you would get if
you called them directly, and we pass our savings along to you.
Can I use my own contractor?
We can use your contractor if you wish; however, as protection for you and us, they
would need to have the ability to respond and complete the work on a timely basis
and be able to provide proof of licensing and insurance, as required.
What happens if a tenant does damage?
A security deposit taken at move-in is usually adequate to handle most damage that
a properly screened tenant may cause. Tenants with good credit and prior rental or
ownership history seldom cause much damage. The horror stories you may have
heard about a property being “trashed” generally are less expensive properties that
have been rented without the proper application and screening process. Our
screening process is very thorough and can include credit, rental and ownership
history, income and employment, with specific acceptance guidelines for each.
Should the tenant leave your property owing more than is covered by the deposit,
they will be billed. If they do not pay, they will be turned over to a collection agency
or court action may be taken if appropriate.
What happens if the tenant leaves before the end of the lease?
The tenant is responsible for the rent for the duration of the lease. If they choose to
leave prior to the termination date of the lease, they will be charged for the rent
until the property is re-rented again. They are also responsible for paying us a re-
leasing fee and advertising costs so you do not incur this expense. Most responsible
tenants value their credit and their commitments and therefore honor their lease.
If you have any additional questions that were not addressed here, please contact
us or call us.