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Property Management is one of the largest property management companies
in Arizona specializing in single family homes, town homes and small apartment
buildings. Approximately 400 properties are leased and managed each year.
Property owners maximize income on their investment without the hassles of being
a landlord. Action Property Management provides a professional service that
can be trusted from personnel who have both the knowledge and experience necessary
to make owning a real estate investment a success.
Terry B. Kozell, Broker/President Terry@actionpm.com
Terry B. Kozell is a licensed real estate Broker, specializing in residential property management. Property owners benefit from over 25 years of his background in real estate investments and management. Mr. Kozell is a "Multi-Million Dollar" real estate producer and active in the following professional organizations:
SouthEast Valley Regional
Association of Realtors
National Association of Residential Property Managers
National Association of Realtors
Action Property Management saves you time and money while you enjoy the income and tax benefits of owning rental investment property. Benefits in hiring Action Property Management include:
Advertising is often placed in The Arizona Republic, the Tribune newspapers, the State Press, the Rental Hot Sheet, and in direct mail. In addition, tenants are attracted through the Multiple Listing Services, the Internet and flyers to local Realtors. Approximately half of our properties are rented through a time-developed network of agent referrals.
Checks of Tenants
One of the most valuable services performed is checking tenants' backgrounds. Credit, employment, criminal, and financial status are reported through Credit Agencies. Also, staff members call current and past landlords and employers for verification of information.
Inspecting the Property
To protect the owner's investment, Action Property Management arranges inspections of the property before and after the tenant moves in. In addition, inspections are made during tenancy as needed. Photos and a written report are arranged, plus each tenant completes a move-in report to insure a proper record of the property's condition.
To keep owner maintenance costs to a minimum, tenants are directed in the lease to pay for minor repairs. Also, Action Property Management provides insured handymen at reduced rates. In addition, licensed contractors are called to make repairs on major air conditioning, heating, electrical, and plumbing repairs.
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 exceed a 95% occupancy rate!
Insuring Legal Documents and Advice
Leases and other documents used adhere to the Arizona Landlord-Tenant Act and clearly explain landlord rights and tenant responsibilities. Although complete background checks are made, occasionally tenant problems arise. Action Property Management has its own attorney who often provides free legal advice or services at a reduced fee.
Collecting Rents and
Rents are sent to the property owner monthly unless an expense prevents mailing all funds. Since most property owners keep a $400 minimum reserve fund for expenses in the trust account, tenant deposits are sent to the owner to use until the tenant moves. Tenants who have not paid their rent by the 5th of the month are sent a late notice. Although evictions are rare, Action Property Management will normally arrange the removal of a tenant from the property in about 30 days should the rent not be paid in a timely manner.
Providing Monthly Accounting
Property owner checks and computer-generated statements are mailed prior to the end of every 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. Monthly rental sales tax reports are arranged for property owners, as most cities in Arizona require them to be submitted. In addition, other required reports are prepared for several government agencies.
Enjoying Reasonble Fees
Action Property Management offers full management services for 8% to 12% of monies 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. Action 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.
Contrary to some management
companies, no start up fee, Realtor referral fee, leasing commission, releasing
commission, flat fee when the property is vacant, or a fee to arrange maintenance
normally exists. If the property owner decides to sell their property, no sales
commission is charged if the property owner uses another Realtor. In order to
avoid any of these "extra" fees, the property owner is asked to keep
the property under management on an annual basis. Should the property owner
request "lease only" services or a shorter management time, several
reasonable fee options are available. Contact Terry Kozell, email@example.com
for a free quote on full management or on an alternative service plan!
Conduting A Free Rental Analysis
A Rental Analysis helps determine what the property will rent for on a long or short-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 contacting Terry Kozell, firstname.lastname@example.org or calling our office 24 hours, 7 days a week at (480) 491-3600. Property owners are under no obligation to begin management services after a Rental Analysis is provided.
Starting Property Management Services
A 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 in an hour at the property site or at our office. After a rental analysis and/or discussion is completed, management can begin immediately once a management or listing agreement is signed. The property owner usually provides a reserve for our trust account when management begins. 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.