Grand Rapids Property Management and Kent County, Michigan

ALT property Management is your full service Property management company in Kent County and the Greater Grand Rapids area. We rent out homes and apartments in Grand Rapids . You can contact us at 231-798-6430 . Our Property Management company is great at leasing and getting your properties filled with great tenants. We have 24 hour maintenance available based in Grand Rapids. We are a a Member of The National Association of Realtors "NAR"  Michigan Association of Realtors " MAR" and Rental property Association of Kent County . Contact us today info@ALTPROPERTYMANAGEMENT.com

 

 

Today's property owner faces the continuous challenge of meeting new requirements and responsibilities in managing their valuable investment profitability. ALT Property Management can provide the expert management your property deserves. As experienced professionals, we can ensure you the maximum net return from your property, based on its highest and best use. Services Offered by ALT Here at ALT Property Management we provide monthly services for our owners to receive thorough and competent service. Listed below are some of the management services ALT provides:   Monitor all income and debit activity from your account, explaining amount received, explanation of debit and income and maintain a monthly running balance. Create and maintain a computerized summary of your account, displaying incomes and expenses in detail. Send out a computerized monthly statement to all owners displaying monthly activities and owner funds. Owners have the option of automatically deducting from their accounts mortgage payments, property taxes, insurance, repairs, and owner funds. Coordinate and dispense all repair work to quality contractors. Work in close connection to all contractors for quality control and efficient follow through. For repairs, monies are deducted from the owners account. For repairs exceeding $200.00 owners will be notified to receive authorization. When property is vacated, all repairs and necessary cleaning is done through ALT. All rents are collected on a monthly basis by the 5th day of each month. Timely payment is recorded and supervised by the property manager. If needed, our company works in collaboration with eviction services who has an attorney on staff. Owners have the option of automatically deducting from their accounts mortgage payments, property taxes, insurance, repairs, and owner funds. ALT schedules utilities to be turned on and off for coordinating maintenance and viewing of the property. Financial Responsibilities Property Maintenance and Upkeep What is Property Management? Our objectives in Property Management are: To preserve and safeguard the capital asset. To secure and maintain the greatest net return possible at minimal cost over the life of the asset. To maintain good working relationships between management, clients and tenants. To enhance the value of the property through skillful management and well considered improvement. Activities The activities that ALT undertakes to accomplish these broad goals are many and diversified. Listed below are a few services available. Handle tenant relations and communications. Coordinate written rental\lease agreements and determine appropriate method and terms of such agreements. Screen and qualify perspective tenants. Evaluate property periodically to determine rental value through market surveys. Review the physical condition of the property and develop maintenance programs. Rent collection and security deposits. Disburse expenses with vouchers through trust account and provide monthly computer generated accounting statements. Resolve delinquent accounts, including EVICTIONS. Provide real estate services at our option should property be for sale or exchange. Control and interface maintenance problems with tenant and maintenance person(s). Consultations Fees Fees charged are among the most competitive available and will vary depending on the amount of services you request or require, for the Management Program you feel best suite your needs. We look forward to introducing you to our complete property management services, each diversified enough to best serve your individual needs.

Ten most frequently asked questions We have found that when prospective clients call to ask about our services they often ask the same types of questions. We decided to creat a list of frequently asked questions. Now when you speak to one of our agents, you will already be an informed investment property owner. Question # 1 How do you find a tenant? Answer: We utilize many resources when marketing your property. We place ads with local papers. We also post ads on our website that link up to many search engines. We post on Craigslist and other websites and we will place a sign at the property when appropriate. Question # 2 How do you qualify a tenant? Answer: We follow the guidelines provided by Michigan Landlord/tenant law. We qualify on the following: Credit, Previous Landlord, Employment history. Question # 3 How do you determine the rent price for my property? Answer: We do a comprehensive search of similar properties in your community. We Compare like properties and included ammenities side by side with your home. Based on our extensive knowledge and experience with most communities in the West Michigan area, we are able to determine the right price that will help your home to rent quickly. Question # 4 How long will it take to find a tenant for my property? Answer: There are many factors that contribute to a property's value. Location, price and condition of the home play the largest role. It is difficult to say that your home will rent in a specific timeframe but if your property is in good condition, in a good neighbhorhood and priced right, it should rent quickly. A typical home will rent in 90 days on average. It could rent in a week or it may take longer than the average based on market conditions and other factors as we mentioned above. Question # 5 Why is my property a good investment? Answer: We believe there are 3 main benefits in owning investment property. Income: Cash flow Equity Buildup: While the tenant is paying your mortgage, your mortgage is decreasing Tax Savings: Tax laws may provide a shelter for depreciation. Question # 6 How is maintenance handled? Answer: Our tenants have the option of emailing, faxing or calling in a non-emergency maintenance request. Our maintenance staff are required to contact the tenant within a 24-hour window. The vendor will inspect the problem and provide a estimate while onsite. If the cost is more than $250.00. We will seek the approval of our client before doing work. If the tenant has an emergency maintenance issue, they are instructed to call our 24-hour hotline. We return those calls within 1 hour. These issues typically require immediate approval. You may not be notified until the following business day. Question # 7 How often do you check on my property? Answer: We do bi-annual surveys or two surveys per year. We drive by every property once every three months. If the exterior of the home has changed from the last time we visited, we will immediately schedule a survey. Question # 8 How long do we sign an agreement for? Answer: Our agreements are for 1 year. Question # 9 Can you pay my bills? Answer: We can pay the following: Mortgages, insurances, HOA fees, utilities, property taxes and more. Question # 10 What does all of this cost? Answer: Our fees are 10% for investment properties. For family dwellings we are 15%. Larger contracts can be negotiated.

David Medendorp CCIM, GRI, CRS

ALT Realtors and Property management

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