DUTIES OF THE PROPERTY MANAGEMENT COMPANY

1. Qualifying Tenants: The Property Manager shall use all reasonable efforts to lease the property as described to desirable tenants. Property Manager shall follow preset guidelines for qualifying potential tenants. (Please see attached rental qualifications.)
2. Rent Collections: The Property Manager shall take all reasonable and necessary action to collect rents, charges or other income when due from tenants of said property in accordance with the terms of their tenancies and may execute all receipts or other documents reflecting receipt of said sums on behalf of the owner. Property Manager will file all notices on behalf of owner for non-payment of rent, coordinate with our attorney for the filing of court documents and attend all necessary court appearances.
3. Qualifying Tenants: The Property Manager shall use all reasonable efforts to lease the property as described to desirable tenants. Property Manager shall follow preset guidelines for qualifying potential tenants. (Please see attached rental qualifications.)
4. Rent Collections: The Property Manager shall take all reasonable and necessary action to collect rents, charges or other income when due from tenants of said property in accordance with the terms of their tenancies and may execute all receipts or other documents reflecting receipt of said sums on behalf of the owner. Property Manager will file all notices on behalf of owner for non-payment of rent, coordinate with our attorney for the filing of court documents and attend all necessary court appearances.
5. Trust Account: All sums received from rents, supplies & services from the property shall be deposited in a “trust account” maintained by the Broker. The Property Manager will submit to the Owner a monthly statement of receipts and disbursements. Disbursements may include miscellaneous repairs, commissions and management fees.
6. Statements: The Property Manager shall maintain full and accurate records of the accounts of the property. Property Manager shall supply the owners with a detailed monthly statement. Said monthly statement shall be deemed accurate and correct between the parties unless owner notifies Property Manager within (30) days after the date of said statement of any claimed error or inaccuracy. In the event there is a deficit in the account of the property, Property Manager shall notify the Owner of the amount of this deficiency, and Owner agrees to forward this amount to the Property Manager within (24) hours’ notice. Property Manager shall provide Owner
with an annual statement and a 1099 no later than February 15 of the following year
for taxes.
7. Maintaining Property: The Property Manager shall do everything reasonably necessary for the proper management of the property, including, without limitation thereto, periodic inspections, handling all tenant requests and negotiations, supervision of maintenance and arranging for such improvements, alterations and repairs as may be required of Owner. Property Manager shall obtain approval from Owner for any expenditure for repairs, improvements or work in excess of a pre-determined amount according to property management agreement and excluding monthly or recurring operating charges and/or emergency repairs in excess of the maximum, if in the opinion of the Property Manager, such repairs are necessary to prevent additional damage or a greater total expenditure to protect the property from damage or to maintain services and conditions to the tenants as called for by their tenancy. The Property Manager shall notify the Owner promptly whenever emergency repairs have been ordered. Property Managers are available 24 hours a day for emergencies.
8. Inspections: Property manager(s) will complete a move-in inspection whenever a tenant takes possession and a move-out inspection when tenants leave. Property Manager will complete a drive-by-exterior inspection and an internal inspection as needed. Internal inspections may be completed more frequently if Property Manager suspects potential problems.
9. Contractors: The Property Manager shall employ, discharge, supervise and pay, on behalf of the Owner, contractors considered by the Property Manager as necessary for the efficient management of the property. Property managers diligently interview all contractors to provide the best possible service for the best possible price. All contractors are licensed and bonded.
10. Equal Housing Opportunity: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marking program with no barriers to obtaining housing for all qualified tenants without reference to race, color, religion, sex, national origin, familial or handicap status. We adhere to all Arizona Landlord/Tenant laws.
11. Qualifying Tenants: The Property Manager shall use all reasonable efforts to lease the property as described to desirable tenants. Property Manager shall follow preset guidelines for qualifying potential tenants. (Please see attached rental qualifications.)
12. Rent Collections: The Property Manager shall take all reasonable and necessary action to collect rents, charges or other income when due from tenants of said property in accordance with the terms of their tenancies and may execute all receipts or other documents reflecting receipt of said sums on behalf of the owner. Property Manager will file all notices on behalf of owner for non-payment of rent, coordinate with our attorney for the filing of court documents and attend all necessary court appearances.
13. Trust Account: All sums received from rents, supplies & services from the property shall be deposited in a “trust account” maintained by the Broker. The Property Manager will submit to the
Owner a monthly statement of receipts and disbursements. Disbursements may include miscellaneous repairs, commissions and management fees.
14. Statements: The Property Manager shall maintain full and accurate records of the accounts of the property. Property Manager shall supply the owners with a detailed monthly statement. Said monthly statement shall be deemed accurate and correct between the parties unless owner notifies Property Manager within (30) days after the date of said statement of any claimed error or inaccuracy. In the event there is a deficit in the account of the property, Property Manager shall notify the Owner of the amount of this deficiency, and Owner agrees to forward this amount to the Property Manager within (24) hours’ notice. Property Manager shall provide Owner with an annual statement and a 1099 no later than February 15 of the following year for taxes.
15. Maintaining Property: The Property Manager shall do everything reasonably necessary for the proper management of the property, including, without limitation thereto, periodic inspections, handling all tenant requests and negotiations, supervision of maintenance and arranging for such improvements, alterations and repairs as may be required of Owner. Property Manager shall obtain approval from Owner for any expenditure for repairs, improvements or work in excess of a pre-determined amount according to property management agreement and excluding monthly or recurring operating charges and/or emergency repairs in excess of the maximum, if in the opinion of the Property Manager, such repairs are necessary to prevent additional damage or a greater total expenditure to protect the property from damage or to maintain services and conditions to the tenants as called for by their tenancy. The Property Manager shall notify the Owner promptly whenever emergency repairs have been ordered. Property Managers are available 24 hours a day for emergencies.
16. Inspections: Property manager(s) will complete a move-in inspection whenever a tenant takes possession and a move-out inspection when tenants leave. Property Manager will complete a drive-by-exterior inspection and an internal inspection as needed. Internal inspections may be completed more frequently if Property Manager suspects potential problems.
17. Contractors: The Property Manager shall employ, discharge, supervise and pay, on behalf of the Owner, contractors considered by the Property Manager as necessary for the efficient management of the property. Property managers diligently interview all contractors to provide the best possible service for the best possible price. All contractors are licensed and bonded.
18. Equal Housing Opportunity: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marking program with no barriers to obtaining housing for all qualified tenants without reference to race, color, religion, sex, national origin, familial or handicap status. We adhere to all Arizona Landlord/Tenant laws.