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 JRealty Property Management   Serving Southern California since 1998
DRE # 01857915 
(888) 868-6156  info@jrealty.org
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Residential Property Management

JRealty is dedicated to providing quality management services to our clients.  As a premiere service provider in Los Angeles for Residential Property Management, JRealty provides the following services for Single Family Residences, Town homes, Condominiums, and two to four unit residential apartments:

 

  Exceptional customer service

  Extensive marketing and leasing platform

  Market surveys to determine optimum monthly rent

  Maintenance and asset preservation

  Tenant credit and criminal background checks

  Monthly deposit of rental collection into homeowner’s preferred account

  Prompt eviction service if needed

  24 hour 365 day emergency service

  Brokerage services if requested for the purchase or sale of real estate

  Coordination between HOA Management (as required)

  CAR Forms which are regularly updated and approved by NAR legal department

Management Fees

 Our standard Management Fee are only applied if the rent revenue is collected.  There is no fee if the property is vacant.

 If your home is vacant we will find a well qualified tenant for a one-time leasing fee which includes confirmation of employment and credit and criminal background checks.

 A reserve fund is received and held in the Broker’s Trust account to quickly respond to maintenance issues.

 In the rare case of eviction, we outsource to an eviction service company with no markup on cost.

 There is no set-up fee required to get started.

Advertising Platform

 A rental listing will be added to the Multiple Listing Service (MLS) exposing the property to thousands of real estate agents. 

 Your vacant property will be included in all of the following websites: 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 approximately 50 other websites through syndication.  Our advertising platform is optimized to ensure that your listing is at the forefront on each browser when an applicant is searching for rental property.

 Yard signs are placed in strategic locations (where allowed) to attract attention to the property.

Accounting

  Complete Cash Flow Statements on a monthly basis using Yardi Property Management software.  Yardi is the global leader in asset and property management software and accounting.

  Supply electronic monthly rental statements along with direct deposit to your account.

  At year-end, JRealty will provide you with Form 1099-MISC and an income and expense summary for tax reporting purposes.

Rental Payments

  Tenant rent payments are due on the first calendar day of the month.

  All tenants are encouraged to pay rent via ACH transfer agreement which automatically withdraws rent payments from the Tenant’s checking or savings account.  Tenants can also pay-by-phone or in person with any major credit card or checking account.

  California law allows Tenants to have a 5 day grace period when paying rent. If necessary, on the sixth calendar date, we will post a three day pay or quit notice on the morning of the sixth. JRealty has established relationships with eviction service companies to quickly resolve tenant delinquency issues.

  While our evictions are processed timely and renters not paying will be evicted as soon as possible, our pre-screening requirements dramatically reduce the likelihood of an eviction occurrence.

Screening Tenants

  Each tenant must complete a detailed application and must provide employment and other applicable information.

  All tenants will be screened using Screening One. This system simultaneously tracks criminal and Equifax credit history for anyone moving from any part of the United States.

  Most Tenants are required to have a minimum FICO score of 650 and a Rent-to-Income ratio of 33% or lower.

Inspections

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

  Each home is inspected semi-annually or upon evidence that the tenants may be in violation of their lease. Photos are taken at each inspection to document the results of the inspection.

Repairs and Maintenance

  Repairs are completed on a timely basis as the tenant or homeowner requests them.  We will notify the owner of the property in advance of any repair that exceeds $200.

  Common reoccurring and non-reoccurring maintenance items include gardening, pool service, plumbing (i.e. stopped up drain lines, leaky faucets, water heaters) and HVAC.  We perform many of the these and other maintenance items in house at discount rates.

  We markup work performed by vendors. We are happy to use your vendors and we solicit multiple bids on larger projects in order to ensure costs are kept a minimum.

Pets

  Most families have pets. Your home will be marketed to a much larger group if you do not exclude pet owners as potential residents.

  A pet deposit of $300 will be collected. If the pet deposit is not sufficient to offset damage caused by the pet the security deposit will be retained to make up the difference. Should the security deposit not be adequate the tenant is personally liable for the costs of all damages the pet may have caused.

Utilities and HOAs

  If your property is a Single Family Residence, it is most common for the Tenants to pay for water, power, gas, and trash disposal. The owner usually pays taxes, mortgages, HOA dues, landscaping, pool service and sewer.

  If you have a Condominium or a Town House, it is common for the HOA to pay for trash and water, and therefore the Tenant will not be required to pay for these utilities.

  Copies of HOA rules and regulations will be provided to each tenant during the signing of the lease agreement.  The owner is responsible for the payment of HOA dues.

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.

 

Getting Started is Easy!

  

Call us or complete this form and we'll call you.  We will discuss your needs and then send you our Property Management Information and Agreement Packet.

 


 

 

 

 

 

 

 

 

 

 

 

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