United Equity Management aims to not have tenants on a month-to-month lease, unless requested by Owners or for specific circumstances. In achieving our goal of 100% occupancy, it is required that our team anticipate turnovers and being on top of rental market trends. Our anticipation of turnovers and filling vacancies will minimize loss in investments.
We keep track of leases expiring and through open lines of communication with both tenants and owners, develop leasing strategies and with current tenants to avoid loss of rent through vacancy. Should tenants plan to vacate, United Equity Management develops and implements a marketing plan approximately 60 days prior to lease expiration.
• Maintenance of Property
Tenant Files are maintained for 5 years post tenancy and are kept according to real estate guidelines. Management agreement includes a 30 day pay/cure action or quit notice in our standard scope of service. Should further actions towards eviction be required, owner contract with an attorney is needed. United Equity Management can coordinate with attorneys and attend hearings if necessary.
• Legal Issues
At owner’s request and consent, a budget or limit on repairs are discussed and agreed upon. On a case by case basis a reserve for maintenance may be needed; however, most of our select vendors allow payment to occur from rent reserves prior to monthly owner distribution. All expenses are tracked and copy of invoices are included in a monthly statement.
• Security Deposits and Property Keys
All managed property keys are kept in a locked box and are unlabeled with minimal access by individuals. Security deposits are maintained in an interest-bearing escrow account that is federally insured.