Valued Properties, LLC

Company Description

Valued Properties is proud of the commitments we have made to combine value initiatives into our day-to-day operations and company-wide standards. We focus on:

1. Property Value Enhancement through execution of standards and preforming systems.
2. Performance Measurement through inspections, and audits.
3. Communication and Reporting.

Being a srevice driven company, our services include but not limited to;

Evaluate your property and determine an accurate rental rate 

• Perform detailed documentation of the interior and exterior including photos
• Offer recommendations on repairs and cosmetic improvements that maximize monthly rent while providing good ROI.
• Gather data on area rental rates and work with owners to determine an optimal rental rate. Rent research will vary and will include looking at recently rented comparables according to simulor size and type.
• Discuss with owners the pros and cons of different policies such as accepting pets, allowing smoking etc.
• Installing a lock box

Market the property for rent 

• Prepare your home for rent
  • Clean home and optimize interior appeal
  • Manicure landscaping to increase curb appeal
• Create ads tailored to the property and advertising medium. Some of the mediums commonly used are:
  • Paid and free rental listing websites
  • Print publications
  • Signs
  • MLS
  • Fliers
• Provide a 24-hour on-line information site where prospective tenants can read detailed information about the property
• Field calls from prospects for questions and viewings
• Meet prospective tenants for showings throughout the week and Saturday.
• Provide prospective tenants with rental applications that are legally compliant with fair housing laws
• Collection applications with application fee

Tenant Screening and Selection

• Perform a background check to verify identity, income, credit, criminal, and rental history, also if they have skipped-out on any landlord within the continental United States, and etc.
• Grade tenant according to pre-defined tenant criteria
• Inform tenants who were turned down

Tenant Move In

• Draw up leasing agreement
• Confirm move in date with tenant
• Review lease guidelines with tenant regarding things like rental payment terms and required property maintenance
• Ensure all agreements have been properly executed
• Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move-in.
• Collect first months rent and security deposit

Rent collection

• Receiving rent
• Hunting down late payments
• Sending out pay or quit notices
• Enforcing late fees

Evictions

• Filing relevant paperwork to initiate and complete an unlawful detainer action
• Representing owner in court, additional fees are charged, (see schdule of fees and services on our website for full disclosure).
• Coordinating with law enforcement to remove tenant and tenants possessions from unit

Legal

• Advise in the event of a legal dispute or litigation
• Refer owner to a qualified attorney when necessary
• Understand and abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties

Inspections

• Perform periodic inspections (Inside and out) on a predefined schedule inspecting for needed repairs, safety hazards, code violations, lease violations, etc.
• Send owner periodic reports on the condition of the property

Financial

• Provide accounting property management services
• Make payments on behalf of owner (Mortgage, insurance, HOA dues, etc.) optional.
• Detailed documentation of expenses via invoices and receipts
• Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
• Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
• Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses

Maintenance, Repairs, and Remodeling

• Provide and oversee an in-house maintenance crew
• Establish a preventative maintenance policy to identify and deal with repair needs
• Provide an network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
• Assign jobs to different parties (in-house employees, professional contractors) based on who will do the best job for the best price.
• Maintain and monitor a 24 hour emergency repair hot-line
• Larger renovation or rehab projects
  • Provide recommendations on how the project can maximize rental income.
  • Prepare preliminary cost estimates
  • Inhouse general contractor with the experience to preform the required repairs, maintenance, or remodeling. (all Valued Properties clients receive an automatic discount on any repairs, maintenance, or remodeling preformed inhouse)* 

*See  section 4 and foot notes on our Property Management Service schdule on our website for additional details.

Tenant Move Out

• Inspect unit and fill out a report on the property's condition when the client moves out
• Provide tenant with a copy as well as estimated damages
• Return the balance of the security deposit to the tenant
• Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
• Clean unit and perform any needed repairs or upgrades
• Re-key the locks
• Put the property back on the market for rent

We cover the following counties in Maryland and Washington, DC

• Montgomery
• Prince Georges
• Howard
• Baltimore City
• Baltimore county
• Anne Aurndel
• Calvert, and
• Frederick counties

Management fee

Management fee is 10% of collected monthly rent ($100 minimum), no fee charged on vacant units or un-collected rent.

It does not matter if you own a condo, townhouse, 4 unit building, apartment building, or a single family home, Valued Properties can maintaine and/or improve its income/bottom line. Contact us today and see how we can remove any and all headaches associated with managing an investment property.