Using Fieldmont for your rental home can offer several advantages:
Finding Tenants: We can market your rental property effectively, screen potential residents (including background checks and rental history), and ensure vacancies are filled promptly.
Legal Compliance: We are familiar with landlord-tenant laws and regulations, helping you avoid legal pitfalls and ensuring all lease agreements are compliant.
Handling Rent Collection: We collect rent on your behalf, ensuring consistent and timely payments from residents. We can also enforce late payment policies if necessary.
Maintenance and Repairs: We oversee maintenance issues and repairs, responding to tenant requests and ensuring the property remains in good condition. This can include emergency repairs and regular upkeep.
Managing Tenants: Dealing with resident issues such as complaints, disputes, and evictions can be stressful. We act as a buffer, handling these matters professionally and ensuring tenant satisfaction.
Financial Oversight: We manage the property's finances, including setting rental rates, budgeting, and maintaining financial records. This ensures your investment remains profitable and organized.
Time and Convenience: If you have multiple properties or a busy schedule, we save you time by handling day-to-day operations and freeing you from direct tenant interactions.
Local Knowledge: We are the local experts, understanding the rental market trends, pricing strategies, and neighborhood dynamics, which can optimize your rental income.
Emergency Response: In cases of emergencies such as bad weather or break-ins, we can act swiftly to mitigate damage and ensure tenant safety.
Peace of Mind: Ultimately, we provide peace of mind, knowing that your investment is being managed efficiently and professionally.
While property management does come with a cost, many landlords find the benefits outweigh the expense, especially for maintaining property value and maximizing rental income. Let us know if we can help you navigate deciding honestly whether it makes sense or not for you... for free.
We will direct deposit rental income to you monthly.
Yes, we handle all of the finances.
Rent Collection: We collect rent from residents on your behalf. They ensure payments are made on time and handle any late fees or issues related to rent payments.
Expense Payments: We bills related to the property, such as maintenance costs, utilities (if included in rent) and other expenses necessary for the upkeep of the property.
Financial Reporting: We provide you with regular financial reports detailing income (rent collected), expenses (maintenance, repairs, utilities), and any other financial transactions related to the property. These reports help you keep track of your property's financial performance. They are visible and available to see live at any time through your Owner Portal.
Budgeting and Financial Planning: We can assist in creating budgets for maintenance and capital improvements, as well as advising on rental rates based on market trends and property condition.
Tenant Deposits: We handle security deposits paid by prospective tenants, ensuring they are collected, held in accordance with local laws, and returned appropriately at the end of the lease term.
Accounting and Record-Keeping: We maintain accurate accounting records for the property, which includes keeping track of income and expenses, preparing financial statements, and ensuring compliance with tax requirements.
We manage single family homes and multifamily units.
Monthly Owner Statements: Track income, expenses, and performance.
Year-End Tax Summary: Simplify your tax filing with a comprehensive overview.
24/7 Online Access: View real-time balances, requests, and more.
Additional Reports: Request specific reports as needed.
We utilize a cloud based platform to allow residents to pay their rent quickly and easily. Notices are sent to tenants who have a delinquent account. If the resident makes a payment arrangement and it is not kept, we will begin the eviction process. If no arrangements are made for their past due balance, we will file eviction by the 7th of the month. The court case will continue until the balance has been paid or they are evicted.
While some might rely solely on basic credit checks and employment verification, our tenant screening process delves deeper to paint a full picture of prospective tenants.
We meticulously assess:
Credit History: Beyond just a number, we evaluate creditworthiness to ensure financial stability.
Employment Verification: Confirming steady income to support rent payments.
Debt-to-Income Ratios: Ensuring tenants have the financial bandwidth beyond their immediate obligations.
Eviction History: Past behavior is often the best predictor of future behavior, and we take this seriously.
Criminal Background: For the safety and security of your property and its community.
References from Previous Landlords: Firsthand accounts of tenant reliability and conduct.Our holistic review process looks at the entire profile of an applicant, not just a single score. This comprehensive approach consistently results in successful tenancies, minimizing stress and maximizing satisfaction for both property owners and residents.
