Owners make their rental purchases to generate cash flow, take advantage of tax benefits through depreciation and value appreciation in their investments. But once the investment is purchased, reality hits many owners who are not aware of the activities that need to be taken to protect and manage their investment. Like any investment, real estate investments need to be managed properly and make them grow. This can take time, be frustrating and if not properly managed, can even create legal and financial liabilities for the investor. Owning rental property just to make money is not a "sit back and count the money investment". It must be managed properly. Hence the need for a qualified property manager.
As an investor, you should make sure that your property manager works with you to:
Samples of Property Management Agreements, Residential Leases and OnLine Financial Reports are available in the sidebar ----->
Not all Property Management firms are the same. On Demand Realty is a Certified Property Management firm that treats you as an investor and as such we want to be clear with you on the services we offer and the flow of events in our process.
On Demand Realty Property Management utilizes a California Association of Realtors rental application and Agency Disclosures that are compliant with all statewide rulings.
On Demand Realty maintains email communications with all tenants and records all tenant rental payments before make the tenant payment deposits to the owners bank account. The property owner holds all Security Deposit funds from the Tenant. On Demand Realty does not take any custody of Tenant funds: security deposits or rental payments. All tenant applications, leases, etc are maintained on a shared drive by On Demand Realty which may be shared with the Tenant or Owner as needed. On Demand Realty charges a Property Management fee, per the Property Management Agreement, for all services rendered. This fee is paid to On Demand Realty by the owner as the first of every month.
On Demand Realty receives all Tenant rental payments, made out to the owner, records the payment and sends the tenant and owner an email receipt.
We will gladly discuss compensation programs for referrals from licensed Real Estate Professionals and Property Owners, prior to entering into any property management agreement. If you have interested owners, please email us at On Demand Realty or give a call at 925 464 1006 and we'll get back to you promptly to discuss details.