3800 E. Stan Schlueter Lp #106
Killeen Texas 76542
(254) 634-5383 office (254)681-8999 cell Fax (254)6345386
Welcome C& M Rentals Company guideline is intended to give you a brief overview of most of the services, we will provide to you and some general guidelines of actions and activities that may occur during the management period.
Our Mission.We will provide you with the best Professional Property Management skills to ensure that (1) you make the most income possible, and (2) that your property is maintained to quality standards. We want to remove you from the daily demands and stress of property management, yet keep you abreast of all issues concerning your property.
A. Rent Collection. Rent is due on the 1st of each month with late fees beginning on specified day
of the lease. We usually post eviction notices on the 7th of the month and begin formal eviction
proceedings no later than the 15th of the month, depending on the resident's history and any
special arrangements made with the Property Manager and tenant.
B. Handle Maintenance Requests. All maintenance requests are directed to our office. The tenant is
asked to check breakers, filters, etc., to solve the problem himself and/or to fully determine
the nature of the problem. If this does not successfully solve the problem, the proper service
person or service company is sent to the property. Improper usage or negligence on the part of the tenant will result in the tenant paying for the repair bill.
C. Review and Pay Bills.
A Service company's bill is checked for correct service address, correct billing rate, correct work performed. The bill is approved for payment and paid from rents collected every month.
D.Tenant Screening. We require all prospective tenants to complete a thorough rental application and
pay a fee for processing it. To the best of our ability, we will check their previous tenancy for rent
payment history, property condition upon surrender, and overall recommendation of the previous
landlord. We also run an in-house credit check to ensure they have a decent payment history.
E. Negotiation with Residents. New leases and renewal leases are negotiated with tenants.
Disputes are negotiated and compromised or settled. Occasionally, concessions to tenants are
deemed necessary in the interest of tenant retention and/or maximizing property performance.
F. Mortgage Payments. We will not make mortgage payments. We will mail proceeds to the owner
or deposit to a bank account as agreed by the owner. Our goal is to disburse rental proceeds to the
owner no later than the 8* of each month.
G. Advertising. We will aggressively promote maximum exposure of each available property to the
public using various advertising methods. These may include the local newspaper, Homes
Magazine, web page in progress and others with no cost to the owner.
3. Leases.We recommend one year leases on all properties to reduce the wear and tear; however we may agree to a 6 month lease for multifamily units. After the initial lease term, the leases automatically convert to month-to-month leases. Tenants must turn in a 30-day move out notice before vacating the property.
1st to 5th Rents collected and posted in automated accounts.
4th - 6th Bills processed and paid processed and prepared for mailing.
6th Eviction notices posted and mail
7th to 8th Owner proceeds disbursed through mail or by bank deposit.
7th to 15th Track down delinquent rents.
15th to 25th File eviction suit with Justice of the Peace.
15th -end of month: Reconcile last month's security deposits.
End of month: Conduct final move-out inspections with tenants.
5. Security Deposits.Security deposits are collected at the beginning of the lease and held in an escrow account during the entire lease period. Neither the owner, property manager, nor the tenant may use these funds during the lease period. After the tenant has moved out or surrendered the property, the deposit is refunded to the tenant less any legitimate deductions. Unpaid rent, damages, cleaning, unpaid bills and any other items owed by the tenant will be deducted from their security deposit. Fair wear and tear items are not deductible, only legitimate damages. By law, the security deposit must be resolved and disclosed to the tenant no later than 30 days from move out last day of the month.Your total security deposit for all purposes and for all residents is $400 to $800.00 dollars, due on or before the date of this Lease Contact is signed. Refunds shall be made in accordance with paragraph 5. The deposit is not rent and shall not be applied to the last or any month's rent. No interest shall be paid to you on the deposit. We may place deposit in an interest bearing account and any interest earned shall be paid to us.
RELETTING CHARGE: You 'II be liable to us for a reletting charge of $350.00 if you:
(4)You are judicially evicted.
Not a release: The reletting charge which is neither a Lease Contract cancellation fee nor a buy out fee-does not release you from continued liability for future or past due -rent, cleaning, repairing, lock changes, or other sums due. Rather the reletting charge is a liquidated amount covering only part of our damages, that is, our time, effort, and expense in finding and processing a replacement .Such items are uncertain and difficult to ascertain particularly those relating to inconvenience, paperwork, advertising, showing the dwelling, utilities for showing, checking prospects, office overhead, marketing costs, and locator- service fees. The reletting charge is due. Whether or not our reletting attempts succeed. If no amount is stipulate, you must pay our actual reletting costs so far as they can be determined.
Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.