Owner / Investor Services
Rental Income Management
Rental Income Management
Rental Income Management
- Initial property survey and recommendations to maximize rental income
- Coordination of work required to get property rent ready
- Fee schedule as part of property management agreement
Tenant Engagement
Rental Income Management
Rental Income Management
- Tenant screening (credit, income, rental history, etc.)
- Rent, deposit, fee collection
- Move in and move out inspections
- Execution of rental / lease agreement
- Service legal notices, process evictions
Marketing Services
Rental Income Management
Financial Management
- Advertising (content development, photography, placement of ads)
- Social media and web campaigns
- Zillow, Facebook, Instagram, Twitter, Google distribution channels
Financial Management
Repairs and Maintenance
Financial Management
- Payment of mortgage, insurance, and property taxes per agreement
- Payment of utilities, HOA, vendors, contractors as needed
Repairs and Maintenance
Repairs and Maintenance
Repairs and Maintenance
- 24 / 7 emergency response
- Coordinate and supervise approved vendors and licensed / insured contractors
- Owner "approved" work prior to repairs - no surprises!
Document Management
Repairs and Maintenance
Repairs and Maintenance
- Monthly owner financial statements
- Year end income and expense statements and 1099s
1031 Exchange
1031 Explained....
"A 1031 exchange is facilitated through the assistance of a qualified intermediary. A qualified intermediary is a person who is not the taxpayer or a disqualified person. The role of the qualified intermediary is to step into the shoes of the taxpayer to handle the transaction, and to prevent the taxpayer from accessing any funds transferred during the exchange, which would violate IRC 1031. The qualified intermediary has a written exchange agreement with the taxpayer which allows the qualified intermediary to handle the receipt of the proceeds from the sale of relinquished property, and apply those funds toward the purchase of the replacement property. After the sale of the relinquished property, the taxpayer has 45 days to identify the new replacement property, and 180 days to close escrow on that new property purchase. The purchase price of the replacement property must be greater than the sale price of the relinquished property, otherwise there will be a taxable “boot” on the difference, and thus defeat the purpose of the exchange." - Peterson Law.
1031 Into An Investment / Income Property with Route 66 Property Management - contact us today!
Call 505.463..2205 or email rt66propertymanagement.com for next steps!