Owner Programs

Many of our owners wish to avoid the cost of an eviction. Between filing fees, attorney fees and our eviction assistance fee, it may cost you $1,500 to regain possession of your property. Unfortunately, we cannot charge you a fee to pay for the cost of an eviction; the Department of Real Estate considers it an “unearned” fee. But we can charge your tenant. If directed to by you, we will charge your tenant $15 a month for the Owner Eviction Protection. For this fee we will waive our Eviction Assistance Fee ($300) and pay for the costs of the eviction up to $1,000. We explain to your tenant this fee is attached to the property and we would not be leasing this property to them if we thought you intended to violate the terms of our contract.

As you may be aware, tenant groups are clamoring for rent control and just cause eviction, that is, a limit to any increase in rent and the ability to stay in your property for as long as they want. This program gives them these rights but on our terms, not the state’s. For a monthly fee of $15 charged to the tenant, they will have an automatic right to stay in your property for another year as long as they abide by the contract and meet our rental standards (no late payments, no more than one HOA violation, no serious damage to your rental discovered at the annual inspection). You also agree to increase their rent no more than 2% over the Consumer Price Index. You may opt out of this program every year. Your tenant has peace of mind and the confidence to stay where they are. You have tenants who must meet our high standards to qualify for the program and an automatic annual rent increase.

Some of our owners depend on the rent proceeds to pay their mortgage or other expenses. But in the typical month, if your tenant pays on the 5th of the month, with bank delays (taking 2 to 3 days to clear the funds) and the time it takes for us to process the rent, you may not receive your monthly rent proceeds until the 10th to the 15th of the month. For $30 a month, we will send your monthly proceeds (less our management fee and any bills currently due) to you on the first of the month. When the tenant pays, we will be reimbursed. To qualify, your tenant must provide two month’s rent as a security deposit, pay for our Complete Resident Benefits Package and agree to release their security deposit to you. But with our Priority Program, there is no guessing when your rent will be in your bank: it will be there the first business day of the month; guaranteed.

Many of our owners either pay for a home warranty or like the idea of all repairs being covered by a third party. We have found home warranty companies and their vendors to be slow, inefficient, and difficult to work with, so we think this program is a better option for you. For an additional 3% per month, or $75, whichever is higher, we take care of maintenance costs, plumbing issues, broken water heaters and air conditioners that die during heat waves. You pay a low $50 deductible for every repair like any other home warranty company, and we take care of all repairs. There are exclusions and limitations, and we don’t cover pre-existing conditions or make improvements to your property, but we do provide a better experience as an investment property owner. We administer this program and the warranty is provided by A third party.