1. What services are included with your management fees?
A. Rent collection
B. CPA-prepared monthly statement and distributions
C. Year-end financial summary and 1099 tax forms.
D. Credit screening for prospective tenants.
E. Vacancies filled and lease preparation.
F. 24-7 tenant maintenance services
G. Routine property inspections.
H. Copies of receipts for all property expenses included in monthly statement. Click here to view sample CPA-prepared monthly financial statement.
2. Do you consult with the client prior to authorizing maintenance?
Any individual repair costing $495.00 or less will be authorized by Parkside Management using our licensed maintenance staff. Any repairs exceeding this amount will be presented to the landlord for approval. The landlord may request additional bids for those jobs costing more than $495.00.
3. How much is your monthly management fee? Your management fee is based on “gross scheduled rents”. What does this mean?
Our monthly management fee is 5% of the gross scheduled rent.
Scheduled rent is that rent which is assigned to each unit. Our fee is based on a percentage of that rent. For example, if the scheduled rent for that unit is $1000.00 per month, and the management fee is 5% of the scheduled rent, the monthly management fee for that unit is $50.00. Schedule rent applies to all units in the building, vacant or occupied.
Our minimum monthly fee per property is $295.00.
We offer discounts to multi-property landlords.
4. Do you charge extra to fill a vacancy?
No. This is included with your monthly management fee.
5. Are there any long-term contracts required for your services?
No. The client or Parkside may terminate the agreement providing 30-days written notice. We only want satisfied customers.
6. I am moving out of the area. Do you offer direct deposit of my rental income? Can you forward my monthly statements to me?
Yes to both. We have many out-of-state and out-of country clients who enjoy the convenience of this service at no additional cost.
7. Do you offer eviction services?
We will refer any evictions to the law offices of Dennis P. Block. However the Landlord may use any attorney of his or her choice.
8. May I speak with some of your existing clients?
Yes. References are available upon request.
9. Tell me about your weekly radio program?
We host a live, call-in radio program with attorney Dennis P. Block.
The program is on KTYM 1460 am on Tuesday’s at 11:00am. You can also listen to the show live at www.ktym.com.
10. Tell me about “Landlord TV”?
This is a free web-based TV show for landlords. Attorney Dennis Block shows you how to properly fill out legal forms and provides other tips for processing your eviction. To access this show, please go to www.evict123.com and click on “Landlord TV".
11. What are the rules about paying an on-site manager?
Click here for answer.
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