Sotheby's

Property Management

“Weisner Real Estate, founded in 1938, has the experience you need to manage residential and commercial rental properties. Our professional management and maintenance staff will provide you with the services you need, whether you’re considering buying your first rental house or have a diverse portfolio of investment properties. Contact us today for a free consultation.”

Evaluate the property and determine market rental rate

  • Inspect property in person to determine rental readiness
  • Offer recommendations on repairs and improvements that maximize monthly rent
  • Gather data on rental rates in the area and work with owners to determine the optimal rental rate
  • Discuss with owners the pros and cons of different policies such as accepting pets

Market the property for rent

  • Prepare home for rent
    • Clean home and supervise maintenance repairs
    • Landscape to increase curb appeal
  • marketing through:
    • Weisner Real Estate Website and Facebook page
    • Rental Websites like Zillow, Trulia, & Craigslist
    • Post ‘For Rent’ Signs
    • Place in MLS, as directed
  • Field calls from prospects for questions and schedule viewings
  • meet prospective tenants for showings throughout the week and on Saturdays

Tenant Screening and Selection

  • Accept and process rental applications
  • Perform a background check to verify income, credit history, rental history, criminal
  • background check
  • Inform tenants of decision to accept or decline

Tenant Move In

  • Draw up leasing agreement and all disclosure forms
  • Confirm move in date with tenant
  • Review lease with tenant
  • Ensure all agreements have been properly executed
  • Perform detailed move in inspection and document with photographs
  • Collect first month’s rent and security deposit
    • Handle security deposit in compliance with Maryland State Law

Rent collection

  • Receive rent
  • Send out a late notice if rent has not been paid by the fifth of the month
  • File relevant paperwork to initiate court action for failure to pay rent
  • Represent owner in court
  • File ejectment papers with the court, and coordinate with sheriff’s department to remove tenant and tenant possessions from the property as a last resort

Legal

  • Give general advice in the event of a legal dispute, and refer owner to a qualified attorney when necessary
  • Comply with local, state, and federal laws that apply to housing and property maintenance codes
  • Prepare and file landlord license applications and lead paint registration forms as directed

Inspections

  • Perform periodic inspections (interior and exterior), looking for repair needs, safety and code
    violations, lease violations, etc.

Financial

  • Make payments on behalf of owner (repairs, insurance, HOA dues, etc.) as instructed
  • Provide detailed documentation of expenses via invoices and receipts
  • Maintain historical records (paid invoices, leases, inspection reports, court filings)
  • Provide annual reporting for tax purposes and file annual Form 1099 MISC
  • Provide monthly financial statements with a detailed breakdown of income and expenses
  • Make monthly distribution of net income to owner

Maintenance, Repairs, and Remodeling

  • Provide and oversee an in-house maintenance crew
  • Maintain a network of licensed contractors who have been vetted for good pricing and quality work
  • Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price
  • Maintain outdoor areas (if not tenants responsibility)
    • Leaf and snow removal
    • Lawn care
    • Removing trash and debris
  • maintain and monitor a 24 hour hotline for emergency repairs

Tenant Move Out

  • Inspect unit and fill out a report on the property’s condition when the tenant vacates
  • Provide tenant with a copy of estimated damages and related charges
  • Return the balance of the security deposit to the tenant with interest as per state law
  • Forward the owner’s portion of the security deposit to the owner