OWNER FREQUENTLY ASKED QUESTIONS

What is included in the monthly management ?

For your monthly management fee, INICIO housing performs the following responsibilities:

  • Collect the rent
  • Keep accurate reports for your property and send monthly statements
  • Be the sole point of contact for the tenant about the property
  • Deal with the situation when the tenant doesn't pay the rent, all the way through eviction and collections if necessary
  • Correspondence with the tenant regarding notices of violation or other problems
  • Provide 24/7 service to handle emergency repairs at the property

How often do you check in on the tenants and my property?

INICIO housing performs a move-in, 3-, 6-, 9- and 12th month inspections prior to lease renewal. We inspect all systems in the house to make sure everything is working properly. This is crucial to sustain well maintained and safe properties. While we are in the property, we can then see how well the tenants are taking care of the property. If there are issues of concern, we can take care of them at that time.

Do you charge a management fee if the unit is vacant?

No, we do not charge a management fee if the property is vacant. We charge a rental fee equal to one month’s rent for the first month the property is rented and then a monthly management fee of 8% each month thereafter.

What do I have to do to get my property ready for rent?

A property will rent quicker and for a higher rate if it looks its best. Getting a property rent ready typically requires touch up painting, carpet cleaning, good working appliances and a thorough professional deep cleaning. INICIO housing can conduct an initial inspection and provide resources to handle any necessary repairs.

How does your property management company maximize rental income for homeowners?

Guaranteed Rental Income with No Risk: For qualified properties, we conduct a comprehensive analysis to identify their potential for corporate housing use among our high-end clientele. If the property qualifies, we offer a limited guaranteed rental income that exceeds the standard rental price. In this arrangement, we take on the risk associated with potential vacancies. If the property remains vacant, we bear the loss, ensuring homeowners receive the agreed-upon rental income without any deductions.

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