| 1. |
Advertise property when vacant |
| 2. |
Run full credit reports, income verifications and rental references through Rent Grow on each prospective tenant before lease approval |
| 3. |
Execute lease with tenant and secure first month's rent and security deposit of equal value |
| 4. |
Collect rents, late charges and other miscellaneous charges from tenant (late charges and NSF charges to go to agent) |
| 5. |
Pay all general expenses associated with the property |
| 6. |
Mail owner check for net income after expenses each month, along with income statement, accounts receivable report and copies of all invoices paid |
| 7. |
Handle collections, Summary Ejections (evictions) and Complaints for Monies Owed in Small Claims |
| 8. |
Handle all repairs, preparation for re-rent, i.e.: cleaning, painting & small repairs |
| 9. |
Provide 24 hour emergency paging service for tenants |
| 10. |
Address tenant complaints and lease situations |
| 11. |
Inspect property each time a tenant vacates and handle security deposit deductions, itemizations and refunds |
| 12. |
Maintain property in good condition and advise owner of any needed maintenance or deficiencies |
| 13. |
Handle lease renewals and rent increases (annual review with tenant) |
| 14. |
Provide year-end tax statements |
| 15. |
Provide Employee Dishonesty insurance to extent of protecting owner for escrowed balances including rents and security deposits, and Workers' Compensation and General Liability insurance on employees of Wilmington Realty |
