Rental Property Questions
What determines the rent for my property?
Ultimately, your rent is determined by what the market will absorb along with other comparison homes. Rent is assessed on amenities, size, location, etc. We will make a rent recommendation to you based on our market analysis of your property and the current market conditions. A fair and on point rental rate helps ensure the property rents in a timely manner, avoiding vacancy costs.
How Long Does It Take to Find a Tenant?
While our team at Missoula Property Management will do it’s best to find a tenant quickly, there are several variables that can increase or decrease the amount of time it takes. If the property is in rent condition, it will take less time to find a tenant. Whereas a property that needs extensive repairs prior to being put on the market may increase the time needed to find a tenant.
Do I Have to Allow Pets?
Do I Have to Provide Appliances?
How Long Does an Eviction Take and Do You Handle Them?
I Received a Notice from My HOA that the Tenant is in Violation, What Do I Do?
What do you charge for management?
For our single family listings, our company offers a flat rate management fee, meaning we charge a flat fee each month which covers leasing fees, annual fees, mailing costs, basic advertising, etc. (excluding any possible maintenance expenses). We studied the competition and analyzed the needs of owners, then built a flat-fee pricing strategy to earn their business regardless of the size of the house and the rent amount. This gives our owners the peace of mind in knowing what to expect their management expenses to be each month in addition to simplified Financial Statements. You can view the complete breakdown of costs on the Investor Pricing page.
For more than 4 units, please contact us for pricing.
What is typically involved in preparing a property to be rented?
You should expect to make the property move-in ready for a tenant. This includes detail cleaning throughout, cleaning the carpets, ensure the property has working smoke and carbon monoxide detectors, if applicable and any outstanding maintenance is remedied. Your property will rent quicker and demand a higher rental value if it is in excellent condition.
How are tenants selected?
Our background check is thorough and comprehensive to ensure we select quality tenants. We carefully screen each prospective tenant application and verify rental history, employment, and obtain a report which includes credit, evictions, and criminal history.
Who pays for maintenance and repairs to my property?
The owner pays for maintenance and repairs unless in the case the tenant is responsible. We evaluate any maintenance to determine if it’s needed and on larger issues, obtain estimates for owner approval prior to proceeding.
Can I perform my own maintenance?
We do not allow owners to perform their own maintenance, for a few reasons. Primarily, we want to service the tenant as soon as possible, keeping them satisfied. Second, we carry the necessary insurance to cover our work. Some owners, while potentially capable of doing their own repairs, don’t have the necessary coverage should an issue arise. Lastly, we want to protect your anonymity, and maintain our stance as the neutral party between owner and tenant.