GORGE RENTALS PROPERTY MANAGEMENT,
INC.
For Property Owners – Lease and Monthly Properties
(Click
here for Property Owners - Vacation Rental
Properties FAQs)
What is the Activation Fee?
The $200 Activation Fee covers the cost of the initial
consultation and evaluation of your property. It pays for our initial
inspection of the property, comparable searches, travel time,
photos, entering your property in our computer system,
preparing and processing the necessary paperwork, tenant showings and copying
of keys.
It also covers limited advertising, such as adding
it to our online advertising sites, sign placement, and the benefit
of office
marketing in Sprint and Hagadone yellow pages, area chambers of commerce, the
Columbia River Gorge Map, as well as
real estate referrals and direct mailing campaigns.
This is a one-time, non-refundable fee due upon signing your management
contract with us.
What is the Owner Reserve Fund?
This money is used to keep the property in good
working order. It is used for such things as paying utilities,
yard and
home maintenance or repairs. This money is due upon signing your
management contract with us and is returned in full
when your contract is terminated.
Funds used from this reserve will be reimbursed
from the monthly rent before checks are sent. You will receive
an
itemized accounting when this money is used.
Will you manage
my property if it is "For Sale"?
Absolutely. As a division of RE/MAX Results, Inc.
Realtors, we are able to both manage and market your property smoothly.
Will you make
my mortgage payment?
Under the Management Premier contact, we will pay
your mortgage, property taxes and home insurance. If this is
desired, we will require a deposit in the amount equal to one
month’s
payment upon signing your contract with us.
We are happy to make any payment for you. There is a small charge
per check written for any payments requested.
How often will you
inspect my property?
We will complete drive by inspections of the exterior
of the home periodically. At this time, we will check for overall
cleanliness and upkeep of the landscape. We also complete a detailed
property inspection prior to offering a lease renewal
and before and after each tenancy.
Who performs maintenance and repairs?
We have our own maintenance vehicle and employ a
general maintenance staff for minor maintenance issues. If it is
necessary to use a commercial vendor, we make sure to only work
with licensed and insured contractors and contract for
the most competitive commercial rates available.
Will you call me when my
house needs repairs?
We will contact you for your approval on all repairs
over $300, unless agreed otherwise in your management contact.
The
exception is in a situation where delay could cause damage to the property
or harm to the tenant.
Repairs under $300 will be paid from the owner reserve
fund and reimbursed from the next monthly rent.
What if there is an emergency?
Tenants have 24 hour access to our staff in the
event of a maintenance emergency. We have a general maintenance
staff
that can complete the work or determine if services of an outside vendor
are needed. All necessary steps will be taken to
protect and preserve your property. If a major repair is necessary, our
office will notify you within 24 hours.
How do you screen tenants?
We use a national tenant screening service to obtain
credit reports, criminal background checks, and other public records
searches. We verify employment, income and rental history. We
also perform a personal interview with each applicant when able.
We respect the confidentiality of all our clients, applicants included. Therefore, no document containing personal information is shared with any party beyond the applicant and the Gorge Rentals office.
What kind
of deposits do you collect?
We collect first month’s rent, security/pet
deposits and any applicable pro-rated rent. Security deposits generally
equal 125% of one month’s rent and pet fees are flexible, depending on the number and
type of pets allowed.
What is done with the security deposits?
All deposits are held in a separate client trust account in a federally
insured financial institution.
We do not forward any deposits to the property owner.
We are responsible for the return of the deposit to the tenant
upon
their departure. If anything should happen to the owner while having a
security deposit in their possession, we may not be
able to recover it to return to the tenant as provided by law.
Who gets
the tenant late fees?
Late fees are considered additional rent. Any late fees are added
to the monthly rent collected from the tenant.
How is rent set
for my property?
Rates are based on the rent for comparable properties
- meaning similar size and location. Rates are not set to totaling
your mortgage payment, property taxes, insurance costs and your
expenses. While this may be ideal, keep in mind the
rent your property generates may not equal this amount.
What if I want non-smokers in my property?
Non-smoking is strongly recommended. It is difficult to re-rent
your home to a non-smoker once it has been smoked in.
What about
pets?
The pet policy is up to you. We conduct pet interviews
with each pet to determine and verify size, breed and temperament
of the animal. Since pets do present an additional risk, we collect
a pet deposit from the tenant before move-in. Two pets
maximum are allowed. Additional pets will require prior owner permission
and an additional deposit.
When do I get paid?
All rent is due by the first of each month and late
by the fifth. We disburse checks and monthly statements to property
owners by the 25th of each month.
Under the Management Premier program, we can deposit funds directly
into a local bank if you prefer. Simply provide us
with a supply of deposit slips for the account.
Do I have any
other responsibilities as the owner of the property?
The owner needs to provide our office with an inventory
of items left in the home and property. They must also be
willing to maintain the property inside and out while it is vacant,
unless otherwise agreed upon. It would also be wise to
set aside a percentage each month for anticipated future maintenance
such as painting, new flooring, re-roofing, etc.
How long will it take
to rent
my property?
It will take time to locate a highly qualified tenant.
The time will depend on the location, size and condition of the
property as well as the time of year it is available for rent.
How
will
my rental compete with others you manage?
No two houses are exactly alike. In the same way
homes differ, so do the needs of each tenant. We try to match the
tenant’s needs to properties available.
Who will clean my property? Who
pays for it?
We will be happy to arrange for cleaning of your
home. We have put much time into finding cleaners that are reliable,
honest and hardworking. The cost to arrange and inspect the cleaning
is covered in the monthly management fee. The
cost of the actual cleaning is deducted from the owner reserve
fund.
Tenants are responsible for cleaning the premises and yard maintenance
during the duration of occupancy.
Are there risks to renting my
home?
No business endeavor is without risk. Major damage
or the need for eviction are always possibilities. However, with
proper management, the risk in the rental business is low.
What happens if the tenant leaves before the end of their
lease?
Oregon and Washington Landlord Tenant Law states
that at the time of vacancy, the property must be made available
for
re-lease. A tenant who leaves before the expiration of
the lease is responsible to continue paying the rent
until it
is re-leased or the lease expires. They are also required
to maintain the landscaping or pay to have it maintained.
The tenant
may also be responsible for other costs associated with
re-leasing the property.
How do I get started in renting
my home?
Please call our office if you have any questions
not answered here. We will be happy to schedule an appointment
to meet
with you personally.
We look forward to meeting with
you and representing you and your property.
For Lease
and Monthly Properties:
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(printable
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For Vacation Rental Properties:
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(printable
PDF)
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