Property Management FAQ's

I have a vacant property, how long will it take to find a tenant?          

There are many factors that will play a part in the leasing of a property. Some of these factors include property condition, property location, neighborhood, rent amount, application processing and denials, and more.  Southern Key Realty cannot guarantee a tenant placement within a certain period of time, but can say due to our past success typically our properties is leased very quickly as we are able to focus on each clients property needs and give it the attention it deserves.                              

Can you help me if I already have a tenant occupied property?

We can acquire mid-term lease or when that the current lease concludes. In cases where the resident is behind in their rent, we can take the necessary steps to either get them to pay or evict if we cannot obtain payment. Many residents will suddenly find a way to pay the rent or move as soon as they hear that a management company has been secured to follow through with collection.

How quickly does Southern Key Realty process monthly rents and statements to property owners?

We pride ourselves on a quick turnaround of your rents and statements. We generally process the rents and statements by the 10th of each month. Each homeowner will be mailed a statement along with a check or electronic deposit.         

Are property inspections conducted?                      

We perform quarterly inspections/property visits at which time we check to see that the tenants are taking good care of the property and that they are not violating any terms of their lease. We also take these opportunities to go over any general maintenance the property may require such as changing air filters. If the air filters haven’t been changed the tenants will be subjected to a fine.

What happens if my tenant is not keeping the property in good condition?

If it is noted on the property visit that your tenant is not keeping the property to the required standard, then a lease violation will be issued, stating the items that need to be resolved. If this is not done within the time frame, we will contact you to discuss the next course of option.

What services does Southern Key Realty provide?

We maintain the property and provide you with the greatest return on your investment including, but not limited to: 

  • Locating and screening prospective tenants
  • 100%  OCCUPANCY
  • Quarterly Inspections and condition reports
  • Collecting and disbursing rents
  • Coordination of cleaning, repairs and regular maintenance     

What type of properties do you manage?         

Southern Key Realty currently manages residential single family homes, apartments and townhomes.

                 

Why shouldn't I manage my property myself?         

There are landlords that choose to manage their property themselves and many of them are very successful. However, with the time involved in collecting rents, arranging repairs and leasing units, most owners have found that their time is more valuable spent elsewhere. Other important considerations are the legal aspects of property management. In the society that we live in, there may be legal expenses during your learning curve.  The courts expect landlords to know tenant landlord law. We are well versed in landlord tenant law, and are aware of the constantly changing Federal and State mandates governing them.            

         

Consider these questions:         

  • Do you know all of the landlord/tenant laws for your city, state, and federal government?
  • Do you know rent values, vacancy factors, and time on the market in your area?
  • Do you have a rental application and consistent screening policies that meet all of your legal obligations?
  • Do you take the time to perform thorough move-in/move-out written inspections and routine property inspections with pictorial timeline?
  • Do you personally know reputable painters, electricians, roofers, chimney cleaners, carpenters, furnace and appliances repairmen who are licensed and insured, affordable, and reliable?
  • Do you effectively confront and negotiate with the tenant and enforce the terms of your rental agreement?
  • Are you willing to be on call 365/24/7?  Your special event, important meeting, vacation doesn't relieve your obligation to respond.
  • Do you have the ability to recover NSF checks, handle the accounting and record keeping?

Does Southern Key Realty also sell property?

Yes so if things change late down the road, we will be happy to list your property for sale.

How will my property be advertised?

Your property will be it is listed on our website through the multiple listing services (MLS), Zillow, and Truilia with photos. We will utilize Craigslist and social media such as Face Book and Instagram to market your property as well. In addition to online advertisements, there will be signage placed at the property. Even if the unit is occupied, Southern Key Realty will handle all showings with at least a 24 hour notice for the current tenants.          

How does their eviction process work?

We have a standard procedure if the payment is not received, eviction process starts on the 15th of the month and will be processed in accordance of Georgia Landlord Law.