Rick Otto and Associates Property Managers work hard
for our owners, take a look!
In our business, it all begins with trust. Therefore, we always strive to locate qualified, long term tenants by assisting our property owners to care, update and appropriately price their rental units in order to attract quality tenants. We carefully screen each applicant to insure prompt rental payments and low property repair costs.
With a one year management contract, our set-up fee is only 50% of the first month rent or $675.00 whichever is greater for each new tenancy. If the property is currently rented the fee is 25% of the monthly rent. Check out the great monthly services we provide, described below.
Our Set-Up Services include:
Lengthy consultation with owner on about how to get the most income from their investment and how to attract long term quality tenants.
Assure the property is ready to be shown to qualified tenants. This could include coordinating with repairmen, house cleaners and landscapers (all to paid by the owner aside from this agreement).
Professional advertisement on Craigslist.com with color photos.
Installation and removal of a professional ‘FOR RENT’ signage at the property.
Professional leasing agent will track calls and show the property until a qualified tenant is obtained.
Careful tenant screening includes:
Rental application processing
Credit Report (tenants must pass)
Back ground check (Evictions, rental history and criminal)
Place tenant in a one year lease with a contingency for annual lease renewal or month to month agreement thereafter.
Collect a deposit (at least) equal to the first month’s rent and a separate check for the first month’s rent prior to the tenant’s occupancy of the property.
Monthly Management Fee: $85 per month single family unit and $70 per unit for multiple family dwellings.
With the signing of a management contract the property owner will receive these monthly services:
Collection of rental payments from the tenant each month.
Disbursement of collected rents to the owner on or before 10th of each month.
Accept all tenant calls for service and keep track of the details.
Prompt updates to owner of any issues with their property or tenant.
Coordinate to have all repairs taken care of within 24 to 48 hours in most situations.
Work with owners to obtain best pricing for home warranty policies and service providers to keep repair costs low.
Send owner a monthly statement of rents collected and disbursements to owner along with copies of invoices to verify expenses.
Provide ‘Move-In’ and ‘Move-Out’ inspections at each tenant turn-over with photos of any damage.
Hold all deposit money in a separate account until tenant has vacated and ‘Move-Out’ inspection has been performed. Deduct the costs of repairs or cleaning if the tenant is responsible and timely refund remaining deposit to the tenant.
Drive-By inspections at owners request (additional $25 trip charge for this service).
Periodic in-home inspections at owners request or in case of business needs such as bank appraisals, meeting repairmen and county inspections ($25 trip charge applies).
Notices served to the tenant for non-payment of rent (3-day and unlawful detainer and abandonment notices) as needed.
In case of any court actions against a tenant, we will provide copies of all our documentation to the owner.
The broker will file and attend small claims court on behalf of the owner for a flat fee of $500.00. The owner is responsible for paying the court costs and service fees separately (Judgment against tenant, the owner will be reimbursed by tenant for these charges).
Please call Rick Otto or Donna Rice at 916-484-0955 if you would like to set up an appointment to meet with us. We would love the opportunity to work with you.
Rick Otto and Associates
2751 American River Dr.
Sacramento, CA 95864
Rick Otto, REALTOR®, Broker
CalBRE # 00793181
(916) 484-0955 ~ Direct
(916) 484-0955 ~ Office
(916) 769-1049 ~ Cell
(916) 486-4114 ~ Fax