San Antonio Land For Sale Schertz Houses TX

Buyers Request Sellers Request General Request

Realty Executives Lone Star Inc. Property Management

Mission Statement

To provide No Nonsense Reasonable Cost Professional Residential Property Management to our clients with low cost fees by eliminating junk and other excessive fees that other companies charge. During my 36 years of active Air Force service, I saw the good, bad and really ugly in property management offices. Our pledge in our property management division is to provide you the owner with reasonable cost and comprehensive property management service. We specialize in meeting the property management and rental needs of our military.

We are members of the San Antonio Board of Realtors, the New Braunfels Canyon Lake Board of Realtors and the Randolph Area Chamber of Commerce

Our Property Management Processes

All Tenant Applications:

National and State Criminal Background Checks, Skipped Tenant and Previous Eviction Checks, Sexual Offender Checks, Three Credit Bureau Check with Combined FICO Scores, along with verification of rental history (if they have rented before) and also employment verification. We maintain written documentation of all our rental applications and and all of the verifications we make concerning tenants

Advertising:

San Antonio Multiple Listing Service and New Braunfels Multiple Listing Service, Military Base Housing Network (web site), and placement of the property on approx. 30 other lease/rental types of web sites such as Trulia, Yahoo real estate and others.

Owners Rental Income:

We receive rents during the first four days of each month. Once the tenant has paid the rent on your home, we place your proceeds of the rent into the account of your choice either on the day we receive the rent or the following day (except for holidays). If we have an issue such as a returned check (which is rare), you as the owner have your funds in your account and we will deal with the problem check - bottom line you have your money. We transfer funds electronically to USAA and to Randolph Federal Credit Union on a daily basis and we deposit funds personally in other institutions such as Wells Fargo, Chase, Bank of American and other financial institutions.

Inspection System:

Scheduled Interior and Exterior Inspections with full CD Rom Recording Kept on File in our offices as a baseline condition report before the tenants move in. We follow that up with requiring the tenants to provide us with a 16 page "move-in" written condition report after they move into the property. We also provide a 60-90 day walk-thru after the tenants occupy the home to determine tenant compliance with the requirements of the lease - AC filters being changed regularly, is there now that 90 lb dog in the back yard we did not know about and so forth.

Maintenance Initiatives:

24 Hour Digital Pager Number for Tenants to Contact Property Managers, Required Professional Cleaning of Carpets Prior to Tenant Move-in and Required Professional Cleaning of Carpets When Tenant Vacates, Trusted List of Service Providers - We DO NOT Add On any fees to our vendors - what you pay for Services is that the vendor charges.

Accounting System:

Monthly Printout Emailed to Owners (if desired), Full 1099 MISC information at the end of each year for IRS purposes, Dedicated Trust Account to Maintain Security Deposits and other applicable deposits.

Rekey of Home:

Texas Property Code requires full rekey of the home within 7 days after the tenant move in. We use several service providers to meet this requirement. Normal Rekey is ranges from $ 69.00 to $ 225.00 depending on the age of the home. Rekey of the home is required by the Texas Property code and not dictated by Realty Executives.

Post Tenant Evaluation:

Approximately 45 days out from the Expiration Date of the Lease, we determine if the Tenant wants to extend the lease and discuss the situation with the Owner. If the Tenant decides to vacate, we send information on our normal Cleaning Requirements and again conduct a full CD Rom inspection of the home after the Tenant Vacates. We maintain the Security Deposit and any other Deposit until any Issues are Resolved.

Errors and Omissions Insurance:

We maintain through the Hartford Company 1 Million Dollars of insurance including Discrimation coverage. Realty Executives Lone Star Inc. does not nor will we discrimate and we comply with all Fair Housing and ADA laws. We also have an highly experienced property management attorney on retainer if needed.

Commission and Fees:

We charge a straight 10% of the lease rate per month. We never add any other fees to our internal charges and we DO NOT charge what we call "Junk Fees" that other companies charge (see below).

Upfront Charges:

No charges for our services until we have a qualified and approved by the owner Tenant in your Home. We do not require any "up front" fees or money.

Initial Charges:

Generally, the initial charges after your tenant occupies your home are Realty Executives Lone Star monthly fee, a one time commission payment to the Company/Agent that procures a qualified and acceptable tenant ($ 250.00 one time fee) and the charge for Rekey of the home. The other two possible charges are for professional carpet cleaning and professional cleaning of the home before the tenant moves in if you want our company to schedule through one of our service providers.

Selling Your Home:

The majority of other property management companies provide in their management agreements that you have to "sell" your home using their company if you are using their property management services. We DO NOT. We will work with you if you decide to sell and ensure you get total real estate services on the sales side with very reasonable commission costs.

WE DO NOT CHARGE THE FOLLOWING FEES
THAT OTHER COMPANIES CHARGE

1/2 of One Months Rent When a Tenant is Found

1/2 of Ones Month Rent to Renew a Tenant Lease or Extend the Lease

Added Charges for Trip Charges and So Forth

Added Charges to Fees Charged by our Service Providers

Many Companies Place in their Property Management Agreement

the Requirement that You HAVE to use their Company if You

Decide to "Sell" in the Future - We Do Not Require This

Our Team:

Royce S. Simmonds, Broker-Owner

Visit Resume on this Web Site for Royce's Background

Robert Simmonds, Owner and Licensed Realtor