| Cromwell Company Policies |
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Property Exposure
- We will pre-inspect your property to ensure the maximum rent value and
spot any liability exposure.
- We will present your property to the largest market available through
newspaper ads, brochures, faxed flyers, internet listings (when applicable), and digital
pictures available by e-mail.
- We list certain properties with the personnel/relocation departments of
Wacos major corporations.
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| Full Service Management Ours is a market driven, service business. If we dont deliver the service,
we dont retain the business. We become partners in your investment as our fees are
based on your assets generated income. We share a common goal to maximize the
potential of your product and make your investment as profitable as possible for you.
Here are some of the things a full service management program can do for
you:
- Property Exposure
- Prospect Qualification and Leasing
- Property Maintenance and Protection
- Detailed Monthly Accounting Statements
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Prospect Qualification and Leasing
- All of our applicants complete a thorough rental application from which
we check previous rental or home ownership history. Current and past employment is
verified as well on a credit report from Tenant Tracker, Inc. Tenant Trackers report
accesses the data bases of all 3 major credit bureaus, and concentrates on past rental
history.
- In addition, we have an in-house, on-going list of anyone evicted in
McLennan County dating back to 1986.
- A determination of credit worthiness is based much like a loan
application using ratios of debt to income, inclusive of car/boat/loan payments.
- We use copywritten forms from the Texas Apartment Association that
provide you protection by proper use of applications, disclosures, leases, pet agreements,
lead-based paint addendums, late notices, eviction notices, move-in condition inventories
and a myriad of other legal documents.
- We take security deposits of varying amounts depending on your property.
However, the average deposit required is approximately 75% of the rental amount.
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Rental Payment Collection
- We set up leases to be due on the 1st day of the month and are considered
delinquent on the 6th.
- Late notices are sent out on the 6th and eviction proceedings are
initiated if the tenant fails to make satisfactory arrangements for payment.
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| Our Fees Our
fees are based on a percentage of gross rents collected. The fees are deducted from your
monthly proceeds and may be deducted as a normal expense item. Fees are quoted on a per
project basis in correlation to the difficulty of the job and the number of properties
managed. No fee is earned when the property is vacant. |