Property Management

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We save you time and money while you enjoy the income and tax benefits of owning rental investment property.

Benefits in utilizing CENTURY 21 Patty Snell & Associates Property Management include:

Attracting Qualified Tenants
Advertising is often placed in The Tuscaloosa News HOMES of West Alabama weekly Newspaper Guide Insert, The Tuscaloosa SHOWCASE of Homes Publication, and via our website: www.century21pattysnell.com. In addition, tenants are attracted through the Multiple Listing Services, the Internet, local major employers and flyers to local Realtors, network of agent referrals.
 
Performing Background Checks of Tenants
One of the most valuable services performed is checking tenants’ backgrounds. Credit, employment, criminal, and financial status are reported through Production Credit. The staff calls current and past landlords and employers for verification information to be discussed with the property owner.  

Inspecting the Property
To protect the owner’s investment, CENTURY 21 Patty Snell & Associates Property Management arranges inspections of the property before and after the tenant moves in. In addition, inspections are made during tenancy as needed. Plus, each tenant completes a move-in report to insure a proper record of the property’s condition.
 
Arranging Maintenance & Repairs
CENTURY 21 Patty Snell & Associates Property Management provides company insured handymen at reduced rates. In addition, licensed contractors are called to make repairs on major air conditioning, heating, electrical, and plumbing repairs. Except in an emergency, property owners are notified of any repair that exceeds the requested amounts.
 
Negotiating Rental Rates
Rent rates are negotiated to the highest possible level depending on market conditions, quality of the tenant, length of leases, type of property, and the time of year. Although a tenant may offer a certain rent rate, staff often must negotiate a higher rate due to the circumstances. Setting proper rental rates and maintaining a strong marketing effort has allowed us to maintain a high occupancy rate!

Insuring Legal Documents
Leases and other documents used adhere to the Alabama Landlord-Tenant Act and clearly explain landlord rights and tenant responsibilities. Although complete background checks are made, occasionally tenant problems arise.
 
Collecting Rent  
Rents are sent to the property owner monthly unless an expense prevents mailing all funds. Tenants who have not paid their rent by the 5th of the month are sent a late notice. Although evictions are rare, CENTURY 21 Patty Snell & Associates Property Management will normally arrange the removal of a tenant from the property should the rent not be paid in a timely manner.
 
Providing Monthly Accounting
Property owner checks and computer-generated statements are mailed by the 10th. of each month. An annual end-of-year accounting is provided to each property owner for tax reporting. Property owners should check with their accountant to verify the tax advantages when owning rental property. In addition, other required reports are prepared for several government agencies.
 
Enjoying Reasonable Fees
CENTURY 21 Patty Snell & Associates Property Management offers full management services collected from tenants’ payable monthly. Most management companies fall in this same fee range depending on the type of property managed, market conditions and area. However, the difference in property management firms is often the quality of services. CENTURY 21 Patty Snell & Associates Property Management’s company goal is to provide outstanding service so that any fees paid by the property owner are normally saved by avoiding longer vacancy times, excess repair costs, and tenants who have not been checked out completely.

Conducting a Free Rental Analysis
A Rental Analysis helps determine what the property will rent for on a long-term basis. The analysis normally consists of visiting the property features, evaluating the property and its neighborhood. Recommendations are provided regarding repairs, appearance, marketing ideas and a rent range. A free Rental Analysis can be arranged by calling our office 24 hours, 7 days a week at (205) 553-6858. Property owners are under no obligation to begin management services after a Rental Analysis is provided.

Starting Property Management Services
Rental Analysis is not always necessary to begin management, however, it can often answer many questions. Normally, everything that is needed to begin managing an owner’s property can be accomplished at the property site. After a rental analysis and/or discussion is completed, management can begin immediately once a management agreement is signed. If the owner lives out of town or cannot meet at the property, we will arrange to take care of all paperwork through the mail or by fax.

CENTURY 21 Patty Snell & Associates