At Golden Sky Management, we’ve designed a seamless property management process to ensure that your rental property is cared for, tenants are satisfied, and your investment is maximized. Here’s how it works:
1. Prepare the Property for Rent
Before listing your property, we make sure it’s in top condition. Our team oversees any necessary repairs, cleaning, and maintenance to ensure the home is ready for new tenants. A well-prepared property attracts high-quality tenants and helps secure higher rental rates.
2. List the Property on All Major Rental Websites
Once the property is ready, we create professional listings complete with photos and detailed descriptions. We promote your property on all major online rental platforms to reach a wide audience of prospective tenants, maximizing exposure and minimizing vacancy.
3. Review and Screen Applications
We carefully review and screen each application to ensure we find a reliable, responsible tenant. Our thorough screening process includes background checks, credit reports, employment verification, and rental history reviews to reduce the risk of problematic tenants and secure timely rent payments.
4. Sign a Lease Agreement
After selecting a qualified tenant, we prepare a legally compliant lease agreement. We handle all the paperwork and ensure that both parties understand their rights and obligations. Our lease agreements are designed to protect your property and ensure a smooth tenancy.
5. Collect Security Deposit and Move-In Payments
We manage the collection of the security deposit and any required move-in payments. This ensures financial protection for property owners in case of damage or other issues that may arise during the tenancy.
6. Tenant Move-In
Once the lease is signed and payments are collected, we facilitate a smooth tenant move-in. We provide keys, perform an initial walk-through inspection, and ensure tenants are comfortable and satisfied in their new home.
7. Monthly Rent Collection and Owner Disbursements
We handle all aspects of rent collection, ensuring timely payments each month. Our team also manages owner disbursements, transferring rent payments directly to your account no later than 15 days after the end of the month. We provide detailed monthly statements so you can easily track income and expenses.
Other Components of our Management Services:
- Lease Enforcement: Lease enforcement is critical to maintaining the integrity of the rental agreement. Golden Sky Management ensures that all lease terms are followed by tenants, from timely rent payments to adhering to property rules and regulations. If lease violations occur, such as unauthorized pets, property damage, or late payments, we take prompt action, issuing notices, charging fees, or escalating to legal action if necessary. Our goal is to protect your property while ensuring tenant compliance.
- Section 8 Compliance: Golden Sky Management ensures that properties meet the requirements of the Section 8 Housing Choice Voucher Program, including property inspections and adherence to HUD’s Housing Quality Standards. We assist property owners with tenant selection, draft compliant lease agreements, and manage rent collection with the local Public Housing Authority. Our ongoing compliance monitoring helps maximize rental income while contributing to affordable housing solutions in the community.
- Move-In/Out Inspections: We conduct thorough move-in and move-out inspections to document the condition of the property at the beginning and end of each lease. This process helps in identifying any damages beyond normal wear and tear, which can be charged against the security deposit. The inspections ensure accountability and help maintain the value of your property. Move-in inspections also set a clear standard for tenants, while move-out inspections ensure a smooth transition for new tenants.
- Maintenance: Golden Sky Management handles all property maintenance requests to keep your property in top condition. We manage routine maintenance tasks, such as HVAC servicing, plumbing, electrical work, and more. Additionally, our team responds promptly to emergency repair requests. By working with a network of trusted and cost-effective contractors, we ensure repairs are done quickly and at the best possible rates, preventing costly long-term issues and tenant dissatisfaction.
- Renovation/Remodeling:
If your property needs updates or renovations, we can oversee the entire process. From minor upgrades like new flooring or paint to larger projects such as kitchen or bathroom remodels, we coordinate with professional contractors to ensure high-quality work within your budget. Renovations not only increase the rental value of your property but also attract higher-quality tenants. We manage every step to ensure the project runs smoothly and efficiently.
- Eviction Management: When it becomes necessary to evict a tenant, Golden Sky Management handles the entire eviction process in compliance with local and state laws. We issue the required notices, coordinate with legal professionals, and represent your interests in court if needed. Our goal is to minimize disruption, ensure a lawful and swift resolution, and protect your property from further loss or damage during the process.
- 24/7 Online Owner Portal:
Our online owner portal powered by RealPage's Buildium software provides property owners with real-time access to all property management activities. Through the portal, you can view financial statements, track rent payments, review maintenance requests, and communicate with our team. This 24/7 access offers transparency and keeps you fully informed about your property’s performance, allowing you to make data-driven decisions with ease.
- Year End Tax Statements: To simplify tax season, we provide detailed year-end financial statements that summarize your property’s income and expenses for the year. These statements are designed to help you or your accountant with tax preparation and filing. With all the necessary financial information in one place, you can easily track deductible expenses and ensure your property’s financial records are accurate and organized.
By following this streamlined process, Golden Sky Management ensures a hassle-free experience for property owners while maintaining high standards of service for tenants. From preparing your property to collecting rent and managing the lease, we’re here to maximize your investment and handle the details so you don’t have to.