Thank you for considering Carmazzi Real Estate. If you are an owner looking for property management services and have questions, please call us at (916) 736-1417 so that we can schedule a consultation. Or, if you prefer, you can e-mail us at [email protected]. We look forward to hearing from you.

FAQ’s:

Why should I use Carmazzi Real Estate to manage my rental property?

Why shouldn’t I manage my property myself?

How long will it take to rent my property?

Why hasn’t my property rented yet?

Is there anything that needs to be done to make my property rent ready?

How do you market vacant properties?

Can I choose to disallow pets, smokers, large families, etc.?

Should I accept pets?

How are prospective tenants screened?

Who holds the security deposit?

Will I be provided with a report of activity on my property?

How is the rental amount determined?

What is included in Carmazzi Real Estate’s property management services?

What are the Carmazzi Real Estate property management fees?

Why should I use Carmazzi Real Estate to manage my rental property?

While there are a number of reasons our clients choose our property management services, here are some of the following key reasons many people elect Carmazzi Real Estate’s professional management over self-management and/or other property management companies:

  • Prompt and professional customer service to prospective tenants, current tenants, and owners.
  • We handle all questions, maintenance issues and emergency repairs in a timely manner, allowing you peace of mind while not having to take middle of the night calls.
  • We enforce collection of rents and serve the proper notices upon failure to pay while keeping detailed records.
  • We understand and apply the correct federal, state, and local laws, keeping you and your investment out of trouble.
  • We use the innovative property management software called Buildium, which offers 24/7 Online Account Services so you can log in to your owner portal and view your account at any time.
  • We know the local rental market and have an extensive network of contacts. We also use professional, custom signage that will make your property stand out.
    This allows us to effectively market your rental property to
    prospective residents to get it filled in a timely manner.

Why shouldn’t I manage my property myself?

Certain owners choose to manage their property themselves and some of them are very successful. With the time involved in collecting rents, arranging repairs and leasing units, most owners have found that their time is more valuable spent elsewhere. A professional property manager will have your best interests in mind and make you money on your investment, not cost you money. Other important considerations are the legal aspects of property management. In the litigious society that we live in, a property owner can ill afford to handle a problem tenant in an incorrect manner. Professional property managers like Carmazzi Real Estate are well versed in landlord tenant law, and are abreast of the constantly changing Federal and State mandates governing them.

How long will it take to rent my property?

It is impossible to predict exactly how long it will take to find qualified applicants for your property but a correctly advertised, priced and presented property greatly increases the chance it will rent in less than 30 days on the market.  A number of factors are involved in getting your property rented in a timely manner, including the property’s size, location, amenities, and overall condition, while the time of year and the rental price relative to that of comparable properties in the neighborhood are also relevant factors.  Pricing your property competitively and having your property in the best condition possible are crucial to effective marketing.

Why hasn’t my property rented yet?

There are many factors that may contribute to an extended vacancy.  Some of the reasons may be that the property is overpriced, it lacks amenities compared to other rentals in the neighborhood, its location, it does not show well due to cleanliness, it has outdated appliances and/or shows a lack of maintenance, it lacks curb appeal including paint, landscaping, neighbors etc.  In addition, the time of year your property becomes vacant may contribute to a longer vacancy where less people tend to move during the winter months especially from late November until the end of January.  However, Carmazzi Real Real Estate normally rents out its managed properties in 30 days or less when priced right and in rent ready condition.

Is there anything that needs to be done to make my property rent ready?

The better condition a property is in, the faster it will rent and the better quality tenants it will attract.  As needed, we recommend that the interior be painted or touched up; the carpets, window coverings, floors, fixtures and appliances are cleaned; all needed repairs are made (all items in a property should work and function properly); and front and back yards mowed, trimmed, edged and free of weeds.  After price, the most important controllable factor in renting a property is its condition.  Carmazzi Real Estate can offer suggestions to help make the property as “show friendly” and appealing to a prospective tenant as possible.

How do you market vacant properties?

The marketing process begins at the time Carmazzi Real Estate receives a 30-day notice to vacate from the current tenant, or if vacant, as soon as you sign up for our services.

  • The property is posted on carmazzirealestate.com; the Zillow Group including Trulia.com,  Zillow.com, and Hotpads.com; the Rent Path Group including Apartment Guide, Lovely, Rent.com, Rentals.com, and Rentalhouses.com; Apartmentlist.com and www.carmazzirealestate.managebuilding.com until the property is rented.
  • The property is added to our website where the exposure from the internet has become a vital tool in renting our properties.
  • We will place a custom Carmazzi Real Estate “For Rent” sign at the property directing prospective tenants to our website.
  • We regularly get referrals from within our network including current and former clients, owners and tenants with their friends, family, co-workers and neighbors looking to rent property.
  • For certain unique and high end properties, owner paid marketing media can also be done.

Can I choose to disallow pets, smokers, large families, etc.?

You can choose to disallow pets, but you cannot deny a service animal. You can choose to not permit smoking in your rental property. We comply fully with the Fair Housing Act. This means that you cannot choose to disallow anyone that is a member of a protected class under the act. If you have additional questions on the specifics of the Fair Housing Act, please Google Fair Housing Act or go to http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/FHLaws/yourrights.

Should I accept pets?

The majority of prospective tenants have pets and having a No Pet Policy greatly reduces the pool of qualified tenants to select from.  It is up to you to allow or not to allow pets on your property, but our standard policy is that pets are acceptable depending on the property, pet size and type, and previous landlord references regarding the pet.  Our minimum additional security deposit for a pet is $300.00.

How are prospective tenants screened?

All prospective tenants over 18 years of age must submit a complete rental application. We then verify and cross reference all provided information including but not limited to credit using www.krollfactualdata.com, references and criminal background, income and employment history, and past rental and/or mortgage history.

Who holds the security deposit?

We hold all security deposits.  The security deposit is not income and in accordance with state law all deposits are held in a non-interest bearing trust account.  Any rent due, damage expenses beyond normal wear and tear, and cleaning can be deducted from the tenant’s security deposit with the balance returned to the tenant within 21 days of the lease termination.

Will I be provided with a report of activity on my property?

Yes, a detailed and easy to read Rental Owner Statement report detailing all income and expenses will be e-mailed to you each month.  You can also access the Owner Statement as well as other reports and pertinent information to your property using a secure on-line access 24/7 with Buildium property management software by going to www.carmazzirealestate.managebuilding.com using the Owner portal to log in, or via the Owner Sign In button at the bottom of this page. In addition, a year end statement is prepared for you in January and a 1099 form is mailed directly to you by January 31st for your tax records.

How is the rental amount determined?

Rental amounts are determined by finding the “fair market” rent value of comparable properties in the neighborhood.  We do extensive research using local newspaper, internet, other property management companies and our own expertise to provide the fair market rental rate recommendation to you.  It is best to rent a house right at or slightly below the fair market rent in order to rent the property quickly as possible.

What is included in Carmazzi Real Estate’s property management services?

Our property management services are comprehensive service, starting from the leasing and screening of tenants to financial record-keeping and bill paying. Some examples of what is included in our full service property management are as follows:

  • Proactively marketing your property on multiple websites
  • Personally showing your property until it is rented
  • Running credit, criminal, and background checks on all prospective tenants
  • Drafting and executing leases with tenants
  • Collecting all move-in monies in certified funds prior to giving the tenant possession
  • Conducting an extensive walk-through with the tenants including taking pictures
  • Providing monthly rent collection (Tenants may pay rent online)
  • Driving by vacant properties and providing regular inspections for occupied units
  • Serving tenant notices (3 Day Pay or Quit, Change of Terms, etc.)
  • Managing all of the maintenance issues that arise with your property
  • Depositing rents directly into your bank account every month
  • Providing monthly and year-end statements, including 1099-MISC forms
  • Supervising vendors (maintenance, pool, landscaping, etc.)
  • Meeting with and providing maintenance persons with access to your property, as needed

What are the Carmazzi Real Estate property management fees?

Our fees are fair and competitive with a summary of the basic fees as follows:

  • Leasing Fee: 50% of one month’s gross rent (minimum $500); $150 for lease extensions.
  • Management: 8% of monthly rent (maximum $100/month); For Multi-unit properties up to four units, $75 per unit (ie, $150/month for a duplex, ect.)
  • Preparing Property for Rent: Owner’s responsibility, otherwise $75/hour if Carmazzi Real Estate manages repairs and cleaning.
  • Advertising Fee: $100

You can request a sample property management agreement by e-mailing [email protected], or calling the office during normal business hours at (916) 736-1417.