We at Portfolio World offer comprehensive property management service and ensure that both tenants and property receive the essential professional care required.

Evaluate the Property and Determine an Accurate Rental Rate

  • Perform detailed documentation of the interior and exterior including photos
  • Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.

Market the Property for Rent

  • Prepare home for rent
    • Clean home and optimize interior appeal
    • Complete landscaping
  • Create ads tailored to the property and advertising medium
    • Free rental listing websites
    • Print publications
    • Property display cards

Tenant Screening and Selection

  • Perform a background check to verify identity, income, credit history, rental history, etc.

Tenant Move In

  • Drafting of rental agreement
  • Confirm move in date with tenant
  • Sharing and review of rental guidelines with tenant regarding things like rental payment terms and required property maintenance
  • Ensuring proper execution of all the agreements involved
  • Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
  • Collect first month’s rent and security deposit

 

Rent collection

  • Receiving rent
  • Managing late payments

Legal

  • Advise in the event of a legal dispute or litigation
  • Refer owner to a qualified attorney when necessary
  • Understand and abide by the local bye laws that apply to renting and maintaining rental properties.

Inspections

  • Managing regular inspections (interior and exterior) on a predefined schedule looking for repair needs, safety hazards, lease violations, etc.

Financial

  • Detailed documentation of expenses via invoices and receipts
  • Maintaining records of paid invoices, leases, inspection reports, warranties, etc.
  • Advise owner on relevant tax deductions related to their rental property

Maintenance, Repairs, and Remodeling

  • Provide and oversee an in-house maintenance crew
  • Provide a network of licensed and well reputed contractors who have been vetted for fair pricing and quality work.
  • Assign jobs to different vendors, handyman and professional contractors
  • Landscaping

Tenant Move Out

  • Inspect the property and fill out a report on the property’s condition when the client moves out
  • Provide tenant with a copy as well as estimated damages(if any)
  • Return the balance of the security deposit to the tenant
  • Clean property and perform any needed repairs or upgrades as per the tenancy agreement
  • Put the property back on the market for rent