Choose Your Broker Participation Level to Service Your Rental Portfolio

In North Carolina, if you’re not interested in hiring a large property management company, but don’t have the skill, experience or desire to manage the application and leasing portion of your rental portfolio, your expert, full-service real estate broker can be an asset to you.  An excellent candidate would be a licensed, experienced real estate broker who has him or herself owned and managed rental properties.  Services offered might include any one of several levels of involvement of your choice.  As a landlady of over 12 years with zero evictions, the Leasing Agent Duties and list of services I provide include:

Level One

  1. Provide Rental Rate Estimate based on currently rented units in Mecklenburg county with respect to year built, zip code, and number of bedrooms.
  2. Advertise in-house to rental specialists and other leasing agents
  3. Train you to screen all applicants, including key statements that may lead to a desired ‘hang up’ eliminating time-wasting appointments
  4. Provide application and lease forms, and phone consultation.

Level Two

  1. Provide Rental Rate Estimate
  2. Advertise in-house to rental specialists and other leasing agents
  3. Personally phone screen all applicants (you have final approval)
  4. Arrange appointments for you to show the property
  5. Provide application and lease forms, and phone consultation

Level Three

  1.  Providing Rental Rate Estimate
  2. Advertising in-house to rental specialists and other leasing agents
  3. Agent-screening applicants according to your criteria (you have final approval)
  4. Arranging appointments and showing the property 
  5. Provide application and lease forms, and phone consultation
  6. Listing the rental property in the MLS system
  7. Providing signage
  8. Attending final negotiations and effecting lease documents
  9. Setting up monthly schedule of rental payments to be sent directly to you for deposit

Level Four includes all Level Three activities plus monthly rental management duties including deposit of rent to your trust account, tenants report problems to me, I arrange for estimates for repairs, etc., and submit to you for approval of work to be done and pay vendors from your landlord trust account, and provide itemized monthly statements. The fee is Level Three’s fee, payable at lease signing, plus 10% of monthly rent.

Call me to discuss the level of service you’d like me to provide for you, or to consult on adding to your portfolio.  I’ll teach you the good, the bad, and the ugly of selecting the right property for your investment portfolio.

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Chrystal Safari has over 15 years experience in personal property management and residential real estate sales and is a Luxury Home Specialist and licensed REALTOR® in North and South Carolina.  As a MASTERS Designation holder, she is a specialist in New Construction, Finance, Marketing, Objection Handling, Relocation, Technology, and is a multi-million dollar producer.  Chrystal is a member in good standing of the Charlotte Regional Association of REALTORS®, North Carolina Association of REALTORS®, and National Association of REALTORS®.  As EcoBroker®, she offers guidelines to assist home buyers and sellers in evaluating true green features and their benefits to real property value, home ownership, tax savings and mortgage closing table capital contributions.  Chrystal is backed by certified and insured professionals to assess and protect your investments based upon your personal needs.  She can be reached at 704.562.1030 or Chrystal.Safari@gmail.com

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One response to “Choose Your Broker Participation Level to Service Your Rental Portfolio

  1. Pingback: Building Your Investment Portfolio | Luxury, Lifestyle, and Yes, Location

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