GORGE RENTALS PROPERTY MANAGEMENT,
INC.
For Property Owners – Vacation Rental
Properties
(Click
here for
Property Owners - Lease and Monthly 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 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 can be paid 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.
Can I reserve my vacation property
for my own guests?
Certainly. We ask that you notify our office immediately of any additional reservations made by you so that problems do not arise with third party reservations. Owners are allotted 30 days each year for personal use without charge. We do charge a management fee for personal use greater than 30 days as it may affect third party bookings.
Please be aware that your guests will need to comply with the check
in and check out times and other guidelines set forth for your
property.
Will you make my utility payments?
We can pay your monthly utility bills from rent proceeds. If this is desired, we will require a higher reserve deposit to be able to cover the payments in the event of few bookings. 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.
Interior inspections are performed upon each guest checkout,
prior or during the cleaning. Thorough inspections relating
to security,
major systems operations, appliance and electronic operations
and the like are completed regularly, relative to the length
of time
the property is under contract with our office.
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 $200, 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 $200 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.
What kind of deposits do you collect?
We collect a security deposit, depending on the size of the home, upon guest check in. Deposits are returned to the guest upon a satisfactory inspection by our office.
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. Many families bring
their pets with them on extended vacations,
and will want
to choose
a home that
will allow it. If you do choose to allow pets,
we recommend increasing the nightly or weekly
rate as
compensation.
No additional deposit
or fee is charged to the guest.
When do I get
paid?
We disburse checks and monthly statements
to property owners by the 10th of each
month.
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 often will my home be rented?
Occupancy varies greatly on the location, size and amenities of the home. Occupancy will increase through word of mouth, repeat guests and lengthened exposure of the property. Occupancy can also vary depending on local events and weather conditions.
Guests like to stay in homes that are well stocked
and furnished. Guests are always looking for
the best value for their money.
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 guest.
We try to match the guest’s
needs to properties available.
Who will clean my property? Who pays
for it?
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. An additional cleaning fee is charged to each guest.
We also provide bed linens and bath towels for each home under our management. We charge a small linen service fee to the owner each time the home is cleaned and linens are replenished. This varies upon the size of the home and the occupancy allowed. The fee is deducted from rent proceeds.
A complete list of items provided is available at our office.
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.
How
do I get started in
renting my home?
Please call our office if you have any questions
not answered in this handout. 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:
|
|
|
|
| |
|
|
(printable
PDF)
|
For Vacation Rental Properties:
|
|
|
|
| |
|
|
(printable
PDF)
|
|