From preparing your rental property for the market, to screening prospective tenants, to handling ongoing tasks such as rent collection, maintenance and more, Revid Realty can handle all aspects of property management for your investment properties in the Memphis area.
Finding reliable, trustworthy tenants is a must, and Revid Realty uses a rigorous screening process to weed out those prospective tenants who are too high of a risk. With a background check that includes a credit check, income verification, identity check, and a look at their previous rental history. We can inform those prospects who are turned down and prepare the leases for those who are approved.
And when it’s time for tenants to move out, we can take care of all aspects of the move-out process, from inspecting the unit to re-keying the locks.
A good rental agreement starts with a thorough leasing process. Besides our tenant screening services, we also draw up lease agreements and ensure that the tenant understands the terms. We make sure that all agreements are properly executed, and we conduct the initial walk-through inspection with each tenant prior to move-in.
And when you need to find need to find new tenants, we’ll market your property and field calls from prospects, show the property, collect applications and application fees — pretty much every part of the leasing process.
Without a doubt, one of the biggest headaches of owning property and leasing it to tenants is collecting rent from them. Revid Realty can handle rent collection for you, from receiving rent payments and enforcing late fees to sending “pay or quit” notices.
Let Revid Realty handle all the maintenance needs for your property, from performing landscaping and overseeing repairs to preventative maintenance that lowers the risk of emergencies. We have a full maintenance staff with all the equipment, vehicles and tools necessary for a variety of maintenance and repair jobs.
A clean, updated property will always be in more demand than one that needs repairs or renovation. As part of our property management services, Revid Realty can evaluate your property or properties to determine which renovations are needed or recommended to make your property more desirable to prospective tenants, and can then find the most cost-effective way to get them done.
Making sure projects such as renovations and repairs are completed on time and on budget requires vigilance and takes time! We’ll stay on top of project management for you, working with contractors and handymen as necessary to get projects done to your satisfaction.
Sales & Acquisitions
With our brokerage services, Revid goes beyond property management to help you sell your property when you’re ready to do so, or to find the best investment properties for your needs. We’ve been in business since 2004 and are intimately familiar with real estate investing in Memphis and the surrounding area.
Along with our own team of maintenance and repair technicians, we also have a network of contractors that we’ve worked with on many different projects — so we know which Memphis area companies to choose for any construction project you have in mind.
The Revid maintenance department is on call 24/7/365 to take care of problems that may arise within your unit. Our fleet of nine trucks handles both small and large repairs, make readies for new tenants, and even small renovation jobs for properties that may have just been acquired. We keep an in-house staff of technicians to ensure that maintenance costs are minimized and problems can be resolved efficiently. We do not want to rely on the schedule of an outside contractor with regards to a repair in a tenant’s home.
Our management team works to get your rent payments quickly. Unlike most companies distributions of the current months rent are made as early as the 15th of the month, as long as tenants timely pay. We do not hold your money until the end of the month and then disperse like many companies in the industry. We look to get our owners their money promptly along with the monthly property report of collections and expenses. Communication to property owners is a vital part of the success of a management team, especially when property owners are not located in the area. Our management team features a client communications manager that is responsible for direct communication for your important questions on your property. We look to provide quick, easy to understand communication with regards to your property, especially for those that do not have the ability to drive by themselves.