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Property Management and Investment Properties
Is to manage properties that I myself would live in and to treat them as if they personally belong to me.
1. Reference form. I ask all of the important questions and get as much information I can.
2. Verification of employment. This form is filled out by the employer. It is important to me to know that my potential tenant has a good job.
3. Lease. My lease covers every detail. Sometimes County or State changes rules and regulations and I have to change my lease.
4. Affidavit of Occupancy form. This form is required by Muncie that if the property is inside the city limits an Occupancy form has to be completed by the Tenant and the Owner or Property Manager. This form is to kept in the unit. If the police were to ask to see the form it has to be available. There is a $500 fine for not having it.
5. Lead Base Paint Disclosure form for Tenant, Owner or Property Manager. Every home built before 1978 has to have this form completed by Tenant and Owner or Property Manager. We also furnish the Protect your Family booklet. This book is required and will give the Tenant lots of good information about lead paint.
6. Smoke Detector Compliance Form. This form is required by the State of Indiana.
It is very important to me to treat everyone fairly. I do have the reference form completed and if for some reason the form is not completed I give the potential Tenant a second chance to complete it. If not completed that Tenant will not have an opportunity to lease from me. If there is a problem with employment or references then we are done.
I will not put too many family members in a small home. Children need to have there own room if they are brother and sister past 5-6 years of age. I also do not like to put more than 2 girls or boys to a room.
I do have some homes that smoking and pets are not allowed. I have no choice. This is the request of the home Owner because of damage and also because there are people that have allergies to both smoke and pets.
I do accept Section 8 in some of my properties. I only work with County Section 8. Just because Section 8 pays a portion or all of the rent, I still expect the Tenant to take care of the property. They are screened with the same reference form and must pay the damage deposit up front.