Allow us to take away the headache of landlord/tenant issues. We work with you and for you! The property management staff at Ned Baker Real Estate are experts in landlord/tenant issues. We regularly attend continuing education classes to keep us informed on any changes in the laws. Below are a sample of services we offer.
Listing posted on our website
Rentals.com and other various websites
Printed rental lists featured in our front office
'For Rent' sign posted at the property
(as recommended by the Salem Police Department): Our general screening guidelines are, but not limited to:
Total household gross income of 3 times the monthly rent amount
A minimum 3 years of good rental history
Verified employment and income
Credit/Criminal/Background Checks
A 90-day walk through inspection is scheduled after a tenant moves into a property to ensure the home is well cared for.
Drive by visual inspections conducted periodically at property manager’s discretion.
Annual walk through inspections.
Inspections as warranted in response to complaints or to oversee repairs.
We order all repairs using independent, licensed and bonded contractors. Vendors will be paid out of rent proceeds.
Owners have the option of being notified prior to a vendor being sent or they can approve a maintenance limit of their choice; typically $350.
In the event an owner can’t be reached in an emergency, a vendor will be dispatched and the owner will be notified.
Rent is due on the 1st of each month with a grace period until the 5th.
Vendors and owners are paid on the 20th of each month.
Owner disbursements can be paid via direct deposit or paper check.
Mortgage payments, property taxes, and/or insurance can be paid through rent proceeds or owner contributions if requested.
We will provide you with detailed monthly statements by the 20th of every month. These statements show all activity on the account including income, expenses, and the current balance.
At the beginning of the year, owners receive an annual cash flow report as well as a 1099 for the previous year.
Management fees are based off monthly rent. Please call for more information.
If you prefer to manage your own property, we can find and screen a tenant for you. We will complete the rental agreement process and send you your new tenants information and deposit. The cost is ½ of the gross monthly rent amount. Please contact our office for more information on this program.