Collection of rents and other revenues including laundry and vending machines, storage and parking 

  Full accounting with financial reports from Yardi; monthly disbursements with optional direct deposit into shareholder accounts; end-of year reports and tax forms

  Extensive advertising and marketing campaign that finds well qualified potential tenants and minimizes vacancies

  Management of all reoccurring and non-reoccurring maintenance and repairs, subject to established threshold limits set by landlord.

  Knowledgeable, polite, and highly-trained on-site managers and support staff that provide excellent customer service

  Prompt eviction service and posting of all notices

  24 hour 365 day emergency service

Advertising Platform

 Our vacancies are list on the Multiple Listing Service (MLS), which exposes the vacancy to thousands of real estate agents 

 Our vacancies are also displayed on websites including: Realtor.com, Google, Yahoo!, AOL, Craigslist (top-posted every Mon, Wed, Fri), WestsideRentals, Zillow, Trulia, Local.com, Hotpads, Postlets, ListHub, our own website www.jrealty.org, and about 50 other popular websites through syndication

 Our handsome monument or building signs can be placed in prominent locations and notify potential tenants about the vacancy

Accounting

  Monthly financial statements, including Income Statement and Cash Flow Statement, are emailed to all stakeholders a monthly basis.

  JRealty provides Form 1099-MISC and year end financial reports for accounting and tax reporting purposes

Rental Payments

  New tenants are encouraged to pay rent via ACH transfer agreement which automatically withdraws rents from the tenant’s checking or savings account.  

  Tenants can pay rent with any major credit card in person of over the phone.  

  JRealty is strict about rent collection and communicates clearly about the JRealty requirements  

  Rent payments are due on the first calendar day of the month. Tenants have a 5 day grace period and on the 6th day further administrative action is sometimes necessary. 

  JRealty has established relationships with eviction service companies to quickly resolve tenant delinquency issues.  We closely manage the entire eviction process.

  Our screening process dramatically reduces the likelihood of eviction occurrence.

Screening Tenants

  Most Tenants are required to have a FICO score of no less than 650 and a Rent-to-Income ratio of no more than 33%.  We examine other data including amount of savings, length of work and previous address history, and more.

  Tenant credit reports are provided via Equifax. Tenant is checked against national criminal database. 

Inspections

  Each unit is inspected and photos are placed in the property/unit file before each tenant takes possession of the unit and upon move out.  We complete CAR Form MIMO (Move-In Move-Out) form upon move-in to subject property and upon move-out.

  Photos are taken at each inspection to document the results.

Repairs and Maintenance

  Repairs are completed on a timely basis as the tenant or property owner requests.  We discuss with the landlord any repair item which cost exceeds a predetermined threshold.

Expenses

  JRealty pays and accounts for (at Owner's expense) all expenses including taxes, insurance, utility bills, janitor, trash, water, sewer and/or bills from any other service provider bills.

Security Deposits

  Tenant Security Deposits are held in a non-interest bearing trust account.  JRealty adheres to all California state laws regarding the handling and use of security deposits.

  Tenants forfeit deposits for breaking a lease or causing damage. Should a tenant cause more damage than the security deposit can cover, the account will be sent to a collection agency for collection. There are no upfront costs for using these services.