Selma Property Management

Property Evaluation

We can help you determine your property’s status in the marketplace and recommend a fair market rental value. We will also provide a list of recommend repairs so that your property will comply with state and federal requirements. We will help you receive the maximum rent while minimizing your liability exposure.

Marketing

GRG will present your property to the widest market possible. GRG will advertise by utilizing a yard sign, the internet, GRG websites, and we will work with other Realtors in the area. Our greatest marketing tool is our referral base of hundreds of satisfied owners and tenants.

Screening

GRG thoroughly screens applicants with regard to their ability to pay the rent. GRG will check employment, credit, criminal background, and rental history. Each applicant and occupant 18 years of age and older must complete a Texas Association of Realtors Residential Lease Application.

Leasing

As a member of the Texas Association of Realtors, GRG will use their leasing forms and addendums. These forms and addendum provide you with the maximum protection if a dispute should arise.

Move in / Move Out Inspections

Tenants are required to inspect the property and complete a Residential Lease Inventory and Condition Form upon move in. The property is inspected upon move-out and the two forms are compared. These inspections help ensure the proper deductions, above normal wear and tear, will be deducted from their deposit.

Deposits

Tenants are required to pay a Security Deposit on or before the execution of the lease. The amount of the Security Deposit will vary depending on the amount of the rent and type of property. At a property where pets are allowed (Note: each owner will determine if pets are allowed or not, and if Pets are allowed what kind of pets) a Pet Addendum is used and an additional deposit, as well as a one-time non-refundable payment, may be required.

Rent Collection

Rent is due on the 1st of the month and considered late on the 3rd of the month. Our rent collection procedures are fair but firm. In the event eviction is necessary, GRG will handle all aspects of the eviction process.

Maintenance

GRG handles maintenance and emergency repairs. When your property requires maintenance or repairs, GRG uses independent contractors that have been checked out by our management staff. Over time, GRG has found some of the best contractors in the workforce. Most of these contractors have provided service to our owners for many years.

Insurance

In addition to your Fire and Extended Coverage Insurance Policy, GRG requires that you maintain an "Owners, Landlord and Tenant Liability Policy". This coverage will help protect all involved against a wide range of loss.

Accounting /Owner Statements

You will receive a monthly accounting of all income and expenses, and a year-end statement along with a Form 1099.

Equal Housing / Fair Housing

GRG will adhere strictly to the US Department of HUD Federal Fair Housing Code and the National Association of Realtors Code for Equal Opportunity.

Property Management Fees

The following fees apply when GRG manages your home, to with:

• Management Fees: Each month the Owner will pay the Broker 10% of the gross monthly rent collected each month.
• Leasing Fees for New Tenancies: Each time the Property is leased to a new tenant, Owner will pay 50% of one full month’s rent to be paid under the lease.
• Reserves: Upon Execution of this agreement, Owner will deposit the following amount with the Broker to be held in a trust account as a reserve for the owner: $300.00. The funds that are held in your Reserve funds are mainly for repairs when needed.

Property Review Fee’s - Interim Review’s

Pros is a third party company that for a one time payment of $150, will take approximately 75-100 photos and will do a report for the property that you are leasing before move in. Pro's make sure that the smoke detectors are in working condition along with identifying any other deficiencies of the Property. You will receive this report at the time of move in, for your records. Additionally, residents will receive an email from “MyWalkThru” to complete a move-in review of your home. You will also be able document deficiencies with pictures and descriptions of the condition of the property that you observe at the time of move-in. Our office does not use these reports for repair requests.