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The Blank Form
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Confidence.
Vista specializes in managing their own properties. This means
Vista's staff is professionally trained into keeping the owner's best
interest as their main priority without viewing "Owners" as another
party like tenants. Vista is selective and will NOT accept any
property or owner for these services.
#1. Your property Must Qualify.
Vista
will not consider managing junk properties because we will not take on
those monsters.
#2. The Owner Must Qualify.
Vista
will screen owners and their properties. This is good business practice
and prevents many problems.
Full Service
Property Management
- Residential,
Single Family and Multi-Unit
- Commercial -
Retail - Office - Warehouse
- Discounts for
volume Investor / Owners
Most of our
inquiries involve Single Family Homes.
Here are our
most Frequently Asked Questions
STEP 1:
Qualifying
- The Property must Qualify.
- The Owner must Qualify.
- If currently occupied by a Tenant, the
Tenant must qualify.
STEP 2: FEES
- Management
Fee
- Start Up Fee:
One Month Rent
- Lock
System for All EXTERIOR Doors
Vista's custom lock program allows for proper lock
and key control
STEP 3: Property
Management Agreement
- required by Kentucky Real Estate Commission
- Greater Louisville Association of Realtors
Property Management Agreement
Frequently Asked
Questions
QUESTION: what about advertising?
ANSWER: Vista's service includes:
- Yard Sign
- Your Property will be marketed on our website VistaKy.com,
which has outstanding Search Engine Optimization on Google and other
search engines. Check it out yourself. Go to
www.Google.com and enter such things
you might think a tenant might enter when searching for a home to rent.
Yard signs and classified ads direct all folks to the
website or phone the office.
QUESTION: What about repairs?
ANSWER: There are two kinds of repairs.
1.) IN HOUSE repairs
handled by Vista service person(s)
at material plus labor and a service charge for travel.
2.) VENDOR repairs
involve repairs requiring licensed
trades such as
HVAC (furnace, AC)
electrician
Plumber
and are billed at cost
plus service charge.
3.) Major repairs and
capital improvements will require Owner's approval.
QUESTION: When do I get my money?
ANSWER: Tenants are billed on the 20th of each
month for the rent due before the 1st. Therefore, we "close the books"
on the 19th of each month. Your report and your funds minus fees and
expenses will
be mailed before the 1st. Most of the time they are mailed before the
24th, but to have a cushion for holidays or emergencies, the 1st is used
in the agreement.
QUESTION: How do you show my unit?
ANSWER: Vista does not show Single Family
Homes and will not show vacant units.
Prospective Tenants are invited to see an available
home at any time convenient for them. They simply stop by the office
during business hours with a $20.00 cash key deposit, a valid photo ID
photocopied, and complete a Key Deposit Form to view the property. This
really works. They do not have a Landlord, Owner, or Agent following
them room to room encouraging them to make a hasty decision. This will
be their home. We encourage them to check it out, check out the
neighbors and neighborhood and take their time. Most folks really
appreciate this opportunity, trust, and respect.
QUESTION: What about questions involving Tenants?
(How much is application fee, how do they qualify,
etc,)
ANSWER:
go to
the Frequently Asked Questions for Tenants.
Standards Of
Professionalism
The
National
Association of Residential Property Managers (NARPM) promotes
a high standard of business ethics, professionalism, and fair housing
practices. NARPM's members subscribe to the following Standards of
Professionalism for property managers of single family and other small
residential properties.
DUTY TO THE PUBLIC
The Property Manager shall endeavor to eliminate in
the community, through the normal course of business, any practices
which could be damaging to the public or bring discredit to the
profession.
The Property Manager shall assist the governmental
agency charged with regulating the practices of property managers.
The Property Manager shall comply with all local and
state ordinances regarding real estate law, licensing, insurance, and
banking.
DISCRIMINATION
It is the duty of the Property Manager to educate
those with whom the Property Manager is affiliated to comply with all
fair housing laws.
DUTY TO THE CLIENT
The Property Manager shall use a written management
agreement outlining all responsibilities and fees. The Client will be
provided a copy and the Property Manager will maintain a copy. The
Property Manager shall communicate regularly with the Client and provide
written reports of receipts and disbursements on a regular, agreed upon
basis. In the event of any dispute, the Property Manager shall provide a
written accounting as soon as practical.
Tenant applications shall be reviewed and verified in
order to determine the Applicant's ability to pay and to determine the
likelihood that the Applicant will comply with all provisions of the
rental agreement.
The Property Manager shall accept no commissions,
rebates, profits, discounts, or any other benefit which has not been
fully disclosed to and approved by the Client.
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DUTY TO TENANTS
The Property Manager shall offer all Applicants a
written Application. The Property Manager shall provide all Tenants with
a copy of the signed rental agreement with all addenda.
The Property Manager shall make all disclosures as
required by state and local laws and provide the Tenant an opportunity
to complete a written condition report at the time of moving in.
The Property Manager shall respond promptly to
requests for repairs.
Within the time prescribed by law, a written deposit
refund determination shall be provided to the Tenant after they have
vacated the property. No undue delay in refunding or accounting for the
security deposit shall take place.
The Property Manager shall avoid exaggeration,
misrepresentation, misinformation, or concealment of pertinent facts
relating to the advertising, leasing, and management of a property.
PROPERTY CONDITION
The Property Manager shall not manage properties for
Clients who refuse or are unable to maintain their property in
accordance with safety and habitability requirements of the local
jurisdiction.
PROTECTION OF FUNDS
The Property Manager shall hold all funds received on
behalf of others in compliance with state law with full disclosure to
the Client and must never commingle the firm's or personal funds with
those of the Client.
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DUTY TO DISCLOSE EXPERTISE
If a client engages a Property Manager's services in
a field where the Property Manager lacks experience and competency, the
Property Manager shall fully disclose this fact to the Client.
DUTY TO FIRM
The Property Manager shall have no undisclosed
conflict of interest with their Employers and shall notify their
Employers immediately if a conflict should arise.
The Property Manager shall receive no kickbacks,
rebates, or any other benefit without full disclosure to Employers.
RELATIONS WITH COMPETITORS
The Property Manager shall refrain from criticizing
competitors or their business practices. In the event of a controversy
between Property Managers with different firms, the Property Managers
shall submit the dispute to arbitration rather than litigate the matter.
PRICE FIXING
Unless the Property Manager is purchasing another
management company, fees, commissions, and compensations shall not be
discussed with other Property Managers. The Property Managers shall
always seek to avoid the appearance of impropriety in these matters.
The Property Manager's fees, commissions, and
compensations shall be determined by the manager or the Property
Manager's Broker based upon, but not limited to, expertise, experience,
and the cost of service and expense.
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DUTY TO REMAIN EDUCATED
The Property Manager shall maintain their real estate
licenses by meeting continuing education requirements as set out by the
state in which they work.
IMPROVING THE PROFESSION
The Property Manager shall strive to improve the
property management profession by sharing with others their lessons or
experience for the benefit of all.
If you believe you and your property will qualify, please complete
the form below and we will contact you shortly.