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PROPERTY MANAGEMENT SERVICES
$150,000 + PROPERTY VALUE IN JUST SIX MONTHS
Your Personal Information is 100% Secure And Will Never Be Shared With Anyone
With our experienced team, we manage your property so that you can rest easy and live your life to the fullest without the hassle that comes with being a landlord.
Are you an owner that could benefit from our professional management services and proven approach to property management?
SCHEDULE YOUR FREE CONSULTATION TODAY!
BONUS: Free Introductory Phone Consultation
BONUS: Free Property Analysis with a property walk through, to get the most accurate analysis for you!
LET US ILLUSTRATE WHAT WE CAN DO
ON YOUR PROPERTY
We took over management of a 6 unit building in Palatine, Illinois. 3 of the units were paying rent at below market value and the other 3 were occupied by tenants that were no longer paying rent, and because of the special protections put in place because of Covid-19 they could not be evicted. The building was in desperate need of repair, but our client had no cashflow, unpaid taxes, and mounting frustrations. When I first talked to them their goal was to get rid of the property at any cost as quickly as possible. Instead,
I convinced the owner to give us 6 months to apply our proven methods toward resuscitating distressed rental properties and to turn this property into an income generating success.
In just 6 months we were able to completely turn this property around and bring our landlord into the black. We negotiated all new leases, and found creditworthy tenants, who were paying market value. Past rents were paid using special grant assistance coordinated by our team.
Every unit was renovated using our Property Refreshment Program available to our clients - the common areas were modernized and the property value in total was increased more than $100,000 and monthly cash flow went from less than $2,500 to $6,635 per month. By the time we were finished, this property was bringing in more income than any other surrounding property within the association.
Are you an owner that could benefit from our professional management services and proven approach to property management. If so, fill out the form and let us put together a customized strategy to increase your monthly cash flow.
LET US PUT TOGETHER A CUSTOMIZED STRATEGY TO
INCREASE YOUR MONEY CASH FLOW
FREQUEQUENTLY ASKED QUESTIONS
MANAGEMENT APPROACH
WHAT IS YOUR MANAGEMENT PHILOSPHY OR APPROACH?
Our number one goal is to come from a proactive and educational point of view .
HOW DO YOU HANDLE MAINTENANCE AND REPAIR?
Schedule regular and predictable maintenance events ie., furnace cleaning, gutter cleaning - plan them ahead
Establish a $ cap amount with the owner to make repair decision without the owner
Emergency - IS addressed immediately!
Board members are made aware and we address it accordingly. Safety is First!
Bigger renovations - we ask for at least 3 bids to ensure our clients get the best rate for the best quality
PROPERTY MANAGEMENT SOFTWARE
SHARE FINANCIAL REPORTS REAL TIME
Give owners access to profit and loss statements, contributions and draws, and specific transactions you’ve made on behalf of the property. Balance sheets, income statements, and a number of other financial reports are available from any device.
COLLECT PAYMENTS
Owners can send funds and view their transaction history by property, making it easier for them to keep track of their investments, wherever they are.
SHARE IMPORTANT DOCUMENTS
Upload receipts, leases, and other important items to the built-in document sharing system so property owners can access them anytime.
STREAMLINE COMMUNICATION
Use any of our email and mailing templates to send notices to owners, or easily create your own. Prefer physical mail? EZMail automatically prints and sends written documents.
COMMUNICATION
HOW DO YOU KEEP THE HOA BOARD AND HOMEOWNERS INFORMED?
For everyone’s convenience we communicate via:
Announcements on Online Portal
Emails
Mail
SMS
WHAT IS YOUR RESPONSE TIME FOR EMAILS AND CALLS FROM TENANTS OR LANDLORDS?
Our goal is to attend asap. Since it is not always possible, our goal is to answer all missed calls, voice messages and email before the business day ends.
FINANCIAL MANAGEMENT
HOW DO YOU COLLECT RENT FROM TENANTS
We strongly encourage tenants to set up online portal and make payments directly in Buildium via debit/credit card and/or ACH. We do have an option of accepting paper checks.
WHAT IS YOUR PROCESS FOR HANDLING LATE PAYMENTS AND EVICTIONS?
Due to many different local ordinances, we make have different solutions based on the city or county.
HOW DO YOU PROVIDE FINANCIAL REPORTS TO PROPERTY OWNERS?
The online portal provides 24/7 sneak peek to all of our financial reports and more. The owner receives an electronic report at the beginning of the month.
VENDOR AND CONTRACTOR RELATIONSHIP
HOW DO YOU SELECT AND MANAGE VENDORS AND CONTRACTORS FOR MAINTENANCE AND REPAIRS?
We love using local contractors that are licensed, insured and bonded!
We have a vendor list of our own and always welcome the board’s recommendations and their own vendor list.
For higher cost items, we like to get at least 3 different quotes to ensure the best quality of work for the best price
LEGAL AND COMPLIANCE KNOWLEDGE
HOW DO YOU ENSURE THE HOA IS ADEQUATELY INSURED?
Our property manager is a managing broker, property manager and community association manager in the state of Illinois. This means that she is trained and educated on all the new local laws and regulations. Furthermore, our team is part of the National Association of Realtors as well as National Association of Property Managers, and gets all the latest updates on rules and legislations.
CONFLICT RESOLUTION
HOW DO YOU ENSURE THE HOA IS ADEQUATELY INSURED?
Maintain Neutrality
Gather Information
Document Everything
Legal Involvement when necessary
MARKETING AND VACANCY MANAGEMENT
HOW DO YOU MARKET VACANT PROPERTIES TO ATTRACT TENANTS?
Certainly, here's an answer that emphasizes the use of digital marketing, online visibility, and professional photography to fill vacancies effectively:
We employ a proactive digital marketing strategy to ensure our properties are prominently featured online, reaching a wide audience of potential renters. Here's how we ensure our properties start with their best foot forward:
Digital Marketing: We leverage various digital marketing channels, including social media platforms like Facebook and Instagram, as well as online advertising on platforms like Google Ads and Bing Ads. By running targeted campaigns, we can reach potential tenants who are actively searching for rental properties in our area.
Online Visibility: Our listings are not confined to a single website. We understand that most renters search for properties on multiple websites, so we ensure our listings are visible on over 21 different platforms, including popular real estate websites, rental listing websites, and classified ads websites. This extensive online presence increases the chances of our properties being discovered by a wider audience.
Professional Photography: We recognize the importance of first impressions. To make sure our listings stand out, we invest in professional photography for all our properties. High-quality images showcase the property's best features, creating an inviting and attractive presentation that entices potential renters.
Optimized Listings: We take great care in crafting detailed and informative property listings. Each listing is optimized with compelling descriptions, highlighting key features and amenities. This not only helps potential renters better understand the property but also improves search engine visibility, making it easier for renters to find us online. Responsive Online Presence: We maintain a responsive online presence by promptly responding to inquiries and scheduling property viewings. Our online communication ensures a seamless and convenient experience for potential tenants, helping them move through the rental process efficiently.
TENANT SCREENING AND SELECTION
INCOME VERIFICATION
Importance: Verifying a tenant's income is crucial to ensure they have the financial capacity to meet their monthly rent obligations.
Process: We request pay stubs, employment verification letters, or tax returns to validate a tenant's income. Our goal is to confirm that their income is stable and sufficient to cover rent and other expenses
CREDIT CHECK
Importance: A credit check provides insights into a tenant's financial responsibility and history of meeting financial obligations.
Process: We review the tenant's credit report, looking for any outstanding debts, late payments, or significant financial issues. A good credit history often indicates responsible financial behavior.
DEBT-TO-INCOME RATIO
Importance: Calculating the debt-to-income ratio helps assess whether a tenant can comfortably afford the rent along with their existing debts.
Process: We analyze the tenant's monthly debt obligations (e.g., credit card payments, loans) in relation to their monthly income. A reasonable debt-to-income ratio ensures that the tenant can manage their financial commitments without strain.
BACKGROUND CHECK
Importance: A thorough background check helps identify any criminal history or prior legal issues that could pose a risk to the property or other tenants.
Process: We conduct comprehensive background checks, searching for criminal records, past evictions, and any history of property-related disputes. This helps ensure the safety and security of the property and its residents.
LANDLORD REFERENCE
Importance: Contacting previous landlords provides valuable insights into a tenant's rental history, including their behavior, payment habits, and property upkeep.
Process: We contact former landlords to inquire about the tenant's rental history, including on-time rent payments, property care, and any past issues or concerns. This information helps assess the tenant's suitability.
PERSONAL REFERENCES
Importance: Personal references can provide a broader perspective on a tenant's character and reliability.
Process: We request personal references to gain insights into the tenant's personality, lifestyle, and interpersonal skills. While personal references are not as critical as other checks, they can provide additional context.
ACT NOW - THIS OFFER WON'T LAST!
HEAR WHAT OUR CLIENTS WOULD HAVE TO SAY ABOUT OUR SERVICES
SCHEDULE YOUR FREE CONSULTATION TODAY!
To claim this exclusive offer and discuss how Nex-Gen Real Estatecan elevate your property management game,
schedule a FREE consultation now. Let's embark on a journey to make your property investments more rewarding than ever before!
Disclaimer: Offer subject to terms and conditions. Contact us for full details.
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