Doud Property Management, Inc.

Company Description

I have 10 years of experience in residential property management. I have a much different approach to property Management then most Property Managers do because I have 29 units of my own. I know what it is like to have to pay the mortgage whether or not a tenant is in the property or not.
I definitely have a different mindset when it comes to advertising. I don’t list in the news paper because you only get 2 lines for and once it’s printed that is all you have. I personally love to use the internet to list the properties for rent. I personally list through Postlets (which syndicates out to Backpage, Dothomes, Enormo,Google Base, Hotpads,local.com, Oodle, Truila, Vast and Zillow), AHRN the military’s Automated Housing Referral Network, and through the Real Estate Information Network (REIN) Multi Listing Service MLS.

I am currently managing 90 units through Gallery of Homes Realtors INC. and then my own personal 29 units as well. I don’t sell any real estate so my primary focus is actually managing properties, and I believe that when you only have one focus you can do the job well.

Fee Schedule

Below is a list of what I charge based on the number of units (Rental Front Doors). There is a onetime Accounting Set up fee. You will receive 2 monthly charges accounting fee plus commission. You will NEVER See another monthly Charge from me unless you (the owner) and I agree in writing on another charge.

Many Real Estate companies that do property management require that you have a minimum reserve (a set amount of money typically $250-350 for a single family home that stays with the real estate company to pay your bills in the event you have no rental income to cover the bills). I know that my company is very different because we don’t believe in keeping your money; the only exception to this rule is if you are out of the Continental United State. Since we do not hold your money be advised that if the rent doesn’t cover the bill the owner must make payment arrangements with the contractor. As I stated before there is no reason I should hold your money unless you are like some of my clients in Japan or Hawaii and on very different time zones, and it is very hard to get in touch with you.

I do not charge anything while the unit is vacant. Also all late fees are given directly to the owner as rent income and I will take the normal commission from the total rent collected (including late fees). I am required to list all properties through the Real Estate Information Network (REIN) MLS, and if another agent brings a tenant then the owner is responsible for the agent referral fee ($50-$100 owner gets to decide).

Also I do not dictate who you have to use for maintenance. You can either select your own contractor to do the work on your property, or I have a couple that I can recommend.

I also offer a service of Transition manager, which means I will oversee a rehab of a unit from start to finish and also keep the contractors on track. I prefer a contractor to get in and get the job done within 30 days depending on the scope of the project.

One last thing to keep in mind I believe that you should know what is going on with your property, so I have an online property management website that allows you to log in and check the status of your property at any time. See if your tenant has paid rent on time, see if you had an invoice that was paid by me, and when you click on you will actually see a PDF copy of an invoice. I also upload all documents (property management, leases, lease addendums and anything pertinent to your property); this allows you to look up any information necessary where ever you happen to be in the world as long as you have an internet connection and your username and password. I believe that you as the owner have the right to have all the information about your tenant, like phone number work information, I just caution owners to not call the tenants unless there is an emergency because the tenant will then have your number via caller ID and will call you directly instead of using the property manager that you have hired to handle your property.