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Your Property, Our Priority

Managing a property can be a complex task, but we’re here to simplify it for you. At Landura Management Associates, we handle everything from setting the right rental rate and screening tenants to overseeing maintenance and ensuring timely rent collection. Our dedicated team takes pride in delivering reliable, hands-on management, giving you peace of mind while ensuring your property thrives.

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Property Evaluation and Accurate Rental Pricing

  1. Document the property’s interior and exterior thoroughly with detailed photos.

  2. Suggest repairs and cosmetic upgrades that enhance rental value and offer a strong return on investment.

  3. Collect and analyze local rental data to determine the most competitive rental rate, considering recently rented similar properties.

  4. Discuss with property owners the benefits and drawbacks of various policies, such as pet acceptance and smoking restrictions.

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Highlight the Property for Prospective Tenants

  1. Clean the home thoroughly and enhance its interior appeal; improve the landscaping to boost curb appeal.

  2. Design targeted ads for various platforms, including rental listing websites (both paid and free), and print media.

  3. Manage inquiries from prospective tenants, answering questions and scheduling property viewings.

  4. Show the property to potential tenants during weekdays.

  5. Provide rental applications that comply with fair housing regulations.

  6. Collect completed applications along with the application fees.

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Tenant Review and Approval

  1. Conduct comprehensive background checks to verify identity, income, credit history, and rental history.

  2. Assess tenants based on established criteria to determine their suitability.

  3. Notify applicants who do not meet the criteria of their application status.

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Managing Rent Payments
 

  1. Efficiently receiving monthly rent payments from tenants.

  2. Proactively following up on overdue payments to ensure timely collection.

  3. Sending formal notices to tenants about unpaid rent and potential consequences.

  4. Applying late fees as outlined in the lease for overdue payments.

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Ongoing Inspections
 

  1. Conduct regular interior and exterior inspections based on a set schedule, identifying any necessary repairs, safety issues, code breaches, or lease violations.

  2. Provide the property owner with routine reports detailing the property's condition and any identified concerns.

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Site Management, Repair, Renovation, and Market Preparation

  1. Oversee and manage a skilled in-house maintenance team to handle property upkeep and repairs efficiently.

  2. Implement a proactive maintenance plan to identify and address repair needs before they become major issues.

  3. Utilize a trusted network of licensed, bonded, and insured contractors who have been vetted for quality work and competitive pricing, ensuring compliance with local codes.

  4. Assign tasks strategically to in-house staff, handymen, or professional contractors, selecting the best team for the job based on expertise and cost-effectiveness.

  5. Maintain outdoor spaces by handling seasonal tasks such as leaf and snow removal, landscaping, and clearing debris to keep areas clean and presentable.

  6. Manage larger renovation or rehabilitation projects, offering recommendations to maximize rental income, preparing cost estimates, obtaining multiple bids, and overseeing the work as the general contractor.

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Financial Oversight

  1. Deliver comprehensive accounting services tailored to property management needs.

  2. Handle payments on behalf of the property owner, including mortgage, insurance, and more.

  3. Maintain detailed records of expenses with thorough invoicing and receipt documentation.

  4. Preserve all historical documentation, including paid invoices, leases, inspection reports, and warranties.

  5. Provide annual financial reports structured for tax purposes, including necessary tax documents such as the 1099 form.

  6. Offer guidance on applicable tax deductions related to rental properties.

  7. Present clear, detailed monthly cash-flow statements, featuring income breakdowns and itemized expenses.

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Eviction/Legal

  1. Handle the paperwork required to start and finalize eviction proceedings.

  2. Represent the property owner in legal proceedings.

  3. Coordinate with law enforcement to execute tenant removals and manage possessions.

  4. Offer guidance during legal disputes or litigation.

  5. Refer the property owner to a qualified attorney when specialized legal help is needed.

  6. Ensure compliance with current local, state, and federal rental property regulations.

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