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Renting out a home | What to Expect

 

Frank Rashid Rashid Realty Services We specialize in professional leasing and management of single family homes, condominiums and townhouses in San Diego's North County. We are committed to providing you with AAA quality service. Residential Property Management in San Diego is different from other places, so having specific market knowledge is important. With over 18 years of hands-on experience we have that knowledge.

 

We offer TENANT PLACEMENT SERVICES as well as FULL SERVICE PROPERTY MANAGEMENT SERVICES in our service area. Our fee for tenant placement is one half of one month's rent with $200 up front. Our full service property management service fee is 8% of gross rent collected with $200 up front. Please call us to receive specific rental property values for your property. Chances are we already have a similar condo or property leased and can give you a very specific rent estimate as well as an estimate on how fast we can get your property rented.

 

Rashid Realty gets the job done! Our clients served map shows the rental properties that we have been selected to manage that now are rented and generating cash flow. We pride ourselves in having minimal vacancies! We have been named Top 10 Best by San Diego Business Journal consecutive years in a row. We look forward to helping you.

 

We handle all aspects of rental property management. We have systems in place that allow for a smooth communication between you and us. We can make direct account transfers every month to ensure that you get the rent disbursement in a timely manner. Feel free to ask us about any aspect of property management that you want us to customize to your situation and we can. We pride ourselves on our responsiveness and customer service. How else could we have earned so many five star distinctions?

 

I am ready to Get Started »

 

 

PROCESSES
 

Collecting Rents | Account Statements | Management Fees | Advertising | Screening Tenants | The Lease | Security Deposits | Pet Policies | Tenant Retention | Maintenance | Property Inspections   
 

COLLECTING RENTS
 
Rents are due on the 1st day of each and every month. Because social security and state check are not received by tenants until the 3rd, we allow a grace period until the 3rd.  Collecting Rents in a timely manner is one of our most important function of managing your property.  Most of our renters pay their rent to us online or via automatic bill pay.

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FINANCIAL STATEMENTS
 
Frank Rashid Our desire is to create a clear audit trail of all funds pertaining to each property. All funds are held in a Trust account per state regulation.

An operating statement will be sent by the 10th of each and every month on each property.  Our statements are easy to read and understand this really simplifies tax reporting at the end of the year.  Of course, we retain and are happy to provide you copies of all invoices that we pay on your behalf that show up on your financial statements.

Our service includes paying expenses you have on the property such as maintenance and repairs bills when applicable.  Due to changing rates and the need to refinance, change policies etc we encourage landlords to make their own mortgage payments, home owners association payments, and insurance.

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MANAGEMENT FEES
 
Our monthly management fee is payable when the rent payment is received. It is automatically deducted from your account at the time the rent payment is posted. However, since one of our jobs is to keep your property occupied we will not deduct the monthly management fee if your property is vacant. We do not charge a monthly minimum

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ADVERTISING
 
Target marketing is our goal for your vacant property in all potential appropriate tenant markets. Each tenant has their own way of locating a home to rent rather by driving around, using a real estate agent, scanning the paper or local publications, no matter what it is, as long as it is cost effective for you, we will be there. 

Our affiliation with San Diego's Multiple Listing Service helps you reach over 10,000 licensed real estate agents who might have well-qualified tenants.  We also do extensive internet advertising and maintain free subscriptions to available avenues of online advertising to reduce your cost of advertising and obtaining a new tenant. 

Rashid Realty also works with corporate relo companies to assist us in filling vacancies.

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SCREENING TENANTS
 
We want good tenants as much as you do, it make our job that much more pleasant. It is our goal to obtain the highest qualified tenants.  A conscientious review of applicants current credit report will assure owner of timely rental payments.

Rashid Realty is directly linked to Experian credit bureau's database, we can access credit within one minute, twenty-four hours a day.  Tenants will be presented to you once Rashid Realty has qualified them for your approval.

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THE LEASE
 
Rashid Realty has its own six page lease computerized for personalization, which is a compilation of local and state leases with additional clauses for the protection of the owner. 

Frank Rashid To begin the lease we will meet the approved tenant on the property for a complete walk through inspection and photographs of the entire property at move to document condition. We typically also go over the lease with tenant. The extra time we spend with the tenants explaining the terms of the lease has great pay offs. It substantially reduces misunderstandings during the term of the contract. It also gives us a chance to answer questions and concerns and to begin the landlord tenant relationship.

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SECURITY DEPOSITS
 
As additional protection for you we require security deposits in the form of certified funds before a property can be taken off the market.

We offer all deposits as refundable, encouraging tenants to leave the property in good condition rather taking additional time making repairs and cleaning preparing the property to re-rent.  Cleaning, including appliances, floors, walls, yard and carpets professionally cleaned are required minimum to prevent deductions from deposits. A complete security deposit disposition report is completed and forwarded to tenant within twenty one days of move out.

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PETS
 
When we present the tenants to you for your approval, we will also tell you about the pet(s). Each pet will require an additional deposit. If damage exceeding the pet deposit occurs, we will hold funds from security and cleaning deposits.

You are in no way required to accept pets, this is completely your decision and we abide by your wishes. 

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TENANT RETENTION
 
Good tenants are the key element to any successful rental property investment. Keeping good tenants happy ensure the longevity of the tenant's occupancy.  Our systems are designed to ensure timely tenant services.

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REPAIRS & MAINTENANCE
 
Timely and competent maintenance is the key to protecting your investment. Our goal is to provide you with this important service at a reasonable price using only qualified personal. 

All repair and maintenance services are performed by independent, outside vendors and contractors, not by company employees. Each has been selected because of their ability to provide the best possible service at the best price.

You reserve the right to schedule and control any or all repair and maintenance responsibilities if you desire. Routine repair and maintenance will be performed as needed and will be based on urgency and importance. For any major job, we usually obtain written estimates from three different companies, notify you, and obtain your approval before we proceed.

We ensure the quality of the work performed by making spot checks and follow up inspections. You are further protected because each job is fully documented in writing and supported with receipts.

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PROPERTY INSPECTIONS
 
Frank RashidAt the time of move in and move out there is a complete written inspection of the property with the tenant.  We perform frequent drive-by exterior inspections term of the rental agreement and also make regular preventive maintenance inspections of the interior of the property.

It states in our tenants lease agreement that we have the right to make routine announced inspections. Tenants are always notified in writing of pending property inspections. Unless in case of urgent need, inspections are typically conducted with the tenant present, using the property condition report that was executed by the tenant upon move-in. We compare for discrepancies, missing items, and any damage. At the same time we also check for preventive maintenance items.

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GET STARTED

To get started, please CALL or EMAIL Frank Rashid for a proposal (PDF presentation).

You may also Contact Me Online Here. and request a Free Rental Valuation

Additionally, if you are local, I am happy to schedule a meeting at the property, so we can determine what the property will rent for, at no cost or obligation on your part.  At the property, we can decide together on the best plan of action. I will be able to help you get the property RENT READY

We are courteous professionals, flexible and very easy to do business with.  Our goal is to make a raving fan out of you and to have you refer us to all your friends and family.  That's the way we have been growing since 2001!