Menlo Park Property Management

Let us manage your Menlo Park Rental Property

Having a successful Menlo Park rental property requires a lot of time, effort, experience and knowledge. Let us save you that time, effort and frustration that comes with gaining that experience.

As a full service Menlo Park property management company, our team is responsible for taking care of all aspects of managing your rental(s).

How much rent can you get for your investment?

Our market analysis helps landlords and us make data-informed decisions about their rental property, including rate estimates and other information so they can invest and manage their investment property more wisely.

Get Optimized Rental Value for Your Property
Gain Crucial Insight into Current Market Conditions
Determine Your Cashflow from Monthly Rental Value

Get started with your FREE PROPERTY CONSULTATION by completing the form .

Schedule Your Free Consultation

Owner or Renter?

What We Do

as your Menlo Park Property Manager

READY YOUR PROPERTY - EVALUATE THE PROPERTY AND DETERMINE A RENTAL RATE

Meet at the property, discuss goals, plans, etc. for the property and provide a possible rental rate
Offer recommendations on repairs and cosmetic improvements that maximize potential monthly rent while providing a good ROI
Discuss with owners the pros and cons of difference policies such as accepting pets, etc.
Install a lock box

MARKET THE PROPERTY

Prepare home for rent
- Clean home
- Make sure the property is safe and maintained
Create ads tailored to the property and advertising in 50+ locations:
- Paid and free rental listing websites
- Social Media Advertising
- Signs
- Flyers and e-flyers
- Advertise and work with local realtors
Partnered with Google, Apple, Ebay, etc. to insure access to high quality tenants
Meet prospective tenants for showings 7 days a week.
Provide prospective tenants with rental applications that are legally compliant with fair housing laws

TENANT APPLICATION PROCESS

Perform a background check to verify identity, income, credit history, rental history, contact and speak with the current landlord and current employer etc.
Notify Owner of applicants and include them in the decision making process.

MOVE IN

Draw up leasing agreement with agreed move in date
Continue to market until deposit is received at the office.
Review lease guidelines with tenants regarding things like rental payment terms and required property maintenance. Grant access to Tenant Portal website.
Ensure all agreements have been properly executed
Perform detailed move-in inspection with tenants and have them sign a report verifying the condition of the property prior to move-in.
Collect first month's rent and proof of renters insurance at move in if not yet received.

RENT COLLECTION

Receiving rent
Follow up with late payments
Sending out pay or quit notices
Enforcing late fees

ANNUAL AND SAFETY INSPECTIONS

Perform annual safety inspections (inside and outside) on a predefined schedule looking for repair needs, safety hazards, code violations, lease violations, etc.
Send owner reports on the condition of the property

ACCOUNTING SERVICES

Provide accounting property management services
Make payments on behalf of the owner (Mortgage, insurance, HOA dues, etc.)
Detailed documentation of expenses via invoices and receipts
Maintain all historical records (paid invoices, leases, inspection reports, warranties, etc.)
Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
Advise owner on relevant tax deductions related to their rental property
Provide easy to read monthly cash-flow statements which offer a detailed breakdown of income and itemized expenses

MAINTENANCE, AND UPKEEP

Establish a preventative maintenance policy to identify and deal with repair needs
Provide a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code.
Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the best price.
Maintain and Provide Gardening Service (owners expense)
- Landscaping
Maintain and monitor a 24 hour emergency repair hot-line
Larger renovation or rehab projects
- Provide recommendations on how the project can maximize rental income.
- Prepare preliminary cost estimates
- Get multiple independent bids for the work
- Act as general contractor overseeing the work

MOVE OUT

Inspect unit and fill out a report on the property's condition when the client moves out
Provide tenant with a copy as well as estimated damages
Return the balance of the security deposit to the tenant
Forward any portion of the owner’s portion of the tenant deposit to the owner or hold in owner reserves for repairs.
Clean unit and perform and needed repairs or upgrades
Rekey the locks
Put the property back on the market for rent

DWM Properties Property Management Guarantees

Discover Menlo Park

Menlo Park is a city at the eastern edge of San Mateo County, in the San Francisco Bay Area of California, in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south; Atherton, North Fair Oaks, and Redwood City to the west. Menlo Park is one of the most educated cities in the state of California and the United States, with nearly 70% of its residents having earned a degree. Menlo Park had 32,026 inhabitants according to the 2010 United States Census.
Source: Wikipedia