Leasing Services

• Establishing fair market rental value
• All advertising-- including but not limited to Washington Post, Washington Times, www.condo1.com and additional Internet sites
• Open houses as appropriate
• Prospective tenant credit screening
• Tenant reference checking (i.e. previous landlord, employment)
• Lease preparation
• Initial rent collection and security deposit
• Coordination of move-in

Property Management Services

Collection of monthly rent
Pursuit of delinquent accounts (if/when necessary) through dunning and eviction
Payment of all owner expenses - e.g. condo fees, real estate taxes, mortgage payments, maintenance
Monthly email income and expense statements
Annual income/expense summary with tax reporting documentation
Coordination of necessary maintenance
Regular property inspections
Coordination of unit reconditioning between tenants (e.g. painting, cleaning, etc.)
Virginia Landlord Tenant Act expertise

Hiring a Professional Property Manager will help to answer these questions

• What is the proper procedure for filing a notice to pay rent?
• What notices can permissibly be served to a tenant under the terms of a lease?
• What important legislation is looming on the horizon regarding debt collection?
• By law, what is the maximum security deposit you can collect in Virginia?
• What rights do you have (or not have) regarding pets on your property?
• What amenities are included (or not included) with your property?
• What are the latest fair credit reporting rules and requirements?
• What are the Federal and/or State laws that govern fair housing?
• What questions are you NOT allowed to ask on an application?
• What laws apply to abandoned personal property left behind by a tenant?

Contact Condo 1 About Leasing and Property Management Services