Star Property Management
Realty Management Associates, Inc., CRMC® (RMA) has been in the business of management of single-family homes and small apartment properties since 1980. RMA has maintained a history of solid, long-term client relationships throughout Star and surrounding areas.
These relationships were built on sound property management skills, owner communication, tenant solicitation and qualification, maintenance supervision, and comprehensive accounting practices.
What we do as your Star Property Manager
- Provide monthly financial statements including copies of actual invoices
- Electronic banking and bill pay services
- Provide 1099 tax reports and year-end statements
- Keep you informed of property condition
- Perform move-in/out and periodic inspections
- Effect repairs per your instruction
- Contract independent vendor services on your behalf
- Address tenants’ concerns
- Administer tenant deposits
- Enforce all lease terms
- Initiate service on vacant or occupied property
- 24/7 emergency service availability
Benefits of using RMA as your Star Property Management Company
- Tenant Solicitation
- Cash Flow Accounting
- Maintenance Supervision
- Screening Prospective Tenants
- Property Inspections
RMA attracts qualified tenants by advertising on several national and local websites. Data collected indicate that ads strategically placed on tenant solicitation websites is the most successful form of media advertising.
Professional signage is a valuable marketing tool and is placed on the property to advertise vacancies and attract prospective tenants.
24-hour Rental-Information/Website Advertising+
RMA maintains an internet website, www.rentalsinStar.com, which advertises current and upcoming vacancies. RMA also advertises on several national websites that expose vacant properties to prospective tenants outside the Star market. Websites, in general, have become a very powerful tool for presenting vacant properties to prospective tenants. Our website is viewed regularly by several relocation companies and large employers in the Treasure Valley.
We maintain regular office hours, so all vacancies are readily accessible to prospective tenants. After-hours appointments are also available.
Staff members schedule appointments to show vacant properties to qualified prospective Tenants. Our on-line appointment scheduler allows pre-screened prospective tenants to make appointments to view vacant properties after hours and on weekends.
Cash Flow Accounting
The proper management of the Owner’s rental property necessitates the comprehensive reporting of all financial transactions. All Owner funds flow through a special rental trust account maintained by RMA.
Inquire About Our Services
On the 25th day of each month, RMA generates an operating statement of income and expenses. This statement along with a proceeds check (or a request for Owner contribution, if expenses exceed income) is mailed to the Owner. Monthly statements are comprehensive and include tenant and vendor details. Other reports are available at the Owners request.
RMA will pay from property funds all normal operating expenses; such as utility charges, maintenance expenses, advertising, and management fees. As an Owner’s option, RMA will pay expenses, such as mortgage payments, taxes, and other assessments. Accurate receipts of all expenses are kept in the RMA office.
1099 reporting is filed with the IRS on all taxable income collected on behalf of the Owner. All vendors receiving compensation from the property account will receive 1099 statements.
Protecting the value of the asset is a common goal shared by both RMA and the Owner. One of the primary goals of RMA is to obtain quality professional maintenance services at competitive prices, in order to maintain the rental property in a clean and habitable condition.
RMA uses a work-order system to schedule and supervise all property maintenance. RMA’s efficient staff handles all required and preventative maintenance, using the most reliable workmen and tradesmen in the community.
RMA responds to all emergency maintenance requests in a timely manner. Non-emergency maintenance requests are processed to the satisfaction of the Owner and Tenant.
The Owner will be notified of maintenance requests performed, as per the terms of the Management Agreement.
Screening Prospective Tenants
Industry data show that a significant percentage of all applicants will not qualify as a potential tenant. RMA knows it is much better to have a vacant rental property than a problem tenant! Screening prospective Tenants is one of the most important services provided by RMA. A complete and thorough screening and background check of all prospective Tenants help to ensure that illegal activities do not take place on rental properties managed by RMA.
Credit Reports, Employment, and Tenancy Verification+
Each prospective Tenant must have a credit report completed before being considered for tenancy. The prospective Tenant must complete an Application for Residency, which gives RMA permission to run a credit report. A national credit reporting service provides the applicant’s credit history quickly and accurately. The prospective Tenant is responsible for the application fee.
Each prospective Tenant is required to produce verification of employment by submitting W-2 statements, pay stubs, and/or tax returns. RMA requires the most recent two month’s bank statements, to verify legitimate life style and normal cash flow.
Past landlord experiences for the preceding two years are verified by an RMA staff member. If a prospective Tenant has been a homeowner, mortgage payment history and a real estate broker are excellent references. An onsite inspection of the prospective Tenant’s current residence is also conducted, when possible.
After successful completion of the application process and tenancy approved by Realty Management Associates, a lease/rental agreement is executed with the Tenant on behalf of the Owner. RMA will administer the terms and conditions of said lease/rental agreement.
Move-In and Move-Out Inspections+
Each rental property is thoroughly inspected during vacant periods, and the condition of the property is well documented with photographs and extensive notes. These inspections are necessary when holding the tenant accountable, and also insure that maintenance issues are easily identified and completed.
Routine Exterior Inspections+
Routine drive-by inspections are conducted periodically to identify any potential issues. When obvious violations of the rental agreement are identified, a complete walk-through inspection is scheduled. The frequency of exterior inspections increases during the summer months and during vacant periods.
An inspection is scheduled with each Tenant within the first four months of tenancy. This arrangement is a condition of the Rental Agreement. The purpose of this inspection is to identify and resolve any problems with the new Tenant and provides an opportunity to build a strong relationship with the Tenant.
Vendors and Neighbors+
It is the policy of RMA to make introduction to several neighbors; this facilitates a mini neighborhood watch. The neighbors appreciate our concern for the property and are eager to report any apparent issues. Our vendor staff is another valuable source of rental property inspection. These individuals are instructed to report immediately to RMA any known rental violations or potential problems.
Star Area Information
Star is a city in northwestern Ada County, Idaho, United States. It was named in the 19th century by travelers on their way to Middleton and Boise who used the star on the school house to find east and west. The name stuck and it became Star, Idaho. Today it is a growing town west of Boise and its schools are shared with Middleton School District and West Ada School District. Source From Wikipedia