Owner Service Plans

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Full Service

Our full-service management option is what typically comes to mind when people think of management services. With this option, we are full service. Coldwell Banker Rick Canup Realtors will: Market the property and show the property to prospective tenants. Once tenants apply we will qualify tenants, execute leases on the owner’s behalf. After that on a monthly basis, we will collect rent, schedule repairs with tenants and vendors, pay vendors on behalf of the owner, send monthly owner statements, 1099 reporting for owners and vendors and day to day details.

In addition to the above services, we will also analyze future purchases to see how they will fit in your existing portfolio. We often will go with the owner on showings to give an idea of future rent potential and make recommendations on what repairs or improvements will need to be done to maximize profitability.

This option is perfect for those that are out of town and do not have a network and for owners that own multiple properties that want to focus on other aspects of their investments and grow their property count.

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Leasing Only

Tenant screening is another vital part of what sets us apart from your everyday homeowner. New residents pose certain risks. We try to minimize that chance through our screening process. We screen for five different categories. Credit History, Criminal Check, Sex Offender History, Employment Verification, and Rental HistoryOur Leasing Only option is exactly what it sounds like. The owner will take responsibility for the property after the property has been leased.

Coldwell Banker Rick Canup Realtors will: Market the property, show the property to prospective tenants and qualify tenants. Leases will be sent to owners for review and will be executed by the owner. Coldwell Banker Rick Canup Realtors will collect the security deposit, first month’s rent and or prorated rent. We then will deduct the leasing fee and other owner authorized expense send disbursements to the owner on the upcoming disbursement date.

This option is perfect for those that have experience with renters and are comfortable with rent collection and day to day operations of the rental property. This option is also not a bad option for those that know they will be moving back into their home with 2 years of leasing the property.

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Management Only

With this option, we will not market the property. The owner will be responsible for marketing and showing. The owner also has the option to do their qualifying process or can use us to qualify tenants. Once the owner has approved a tenant we then will type up and execute leases on the owner’s behalf. After that on a monthly basis, we will collect rent, schedule repairs with tenants and vendors, pay vendors on behalf of the owner, send monthly owner statements, 1099 reporting for owners and vendors and day to day details.

This option is geared towards parents that purchase investment properties for their kids while they are attending Texas Tech or Lubbock Christian Universtiy but want rental revenue either from their children or friends of children.

This option affords the owner or the kid to pick roommates that they are comfortable with, but do not have to deal the management or rent collection. Typically leases are done on a per room basis, and sometimes are all bills paid to simplify living arrangements. With this option, we can customize how you want to structure this lease.

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Talk to Us About Your Property Needs

Still uncertain about property management? Give us a call to see if we can help.

806-784-3271

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