KEVCO Real Estate Investments & Property Management is currently accepting new properties for the 2006-2007 year. Please contact us at (970) 419-8881 to discuss your property.
Some quick information/ common questions:
A. We are a "Pet Friendly" Property Management company, please understand that if you will not allow pets at your property, we can not help you.
B. We really enjoy the college student population. I guess we are "Student Friendly" also. If you will not allow students, we can not help you.
C. We typically average about a 2-3 % vacancy rate in a market that is usually hovering between 11 to 16% . Commonly, its found that we pay for ourselves. According to two different sources, KEVCO rentals average about $25.00 more per bedroom then other rentals in town, both managed by other management companies and/or independent owners.
D. We have a niche market in Fort Collins at this time. Regrettably, because of this niche and our implementation of our resources, we are selective in the properties that we take on in both location and condition. As of this moment, we are not managing properties in any other areas other then Fort Collins.
E. We subcontract out all of our maintenance in order to keep our owner's costs down. This way, you aren't paying for us to keep a salaried Handyman busy.
F. We do not approve any maintenance activity that would exceed $250.00 without obtaining our owners acceptance unless it is an emergency situation.
G. "What are your fees?" At this point, we do not offer an option for just getting a property leased for someone. We only will provide on-going management services and we have a Keep It Simple pricing solution. We have 3 fees: A "Set Up Fee", A "Leasing Fee" and a "Monthly Management Fee". Please call for current fee amounts.
What do we do? After previewing your property and coming to terms on rents and pricing, we will enter into a management agreement with you. After executing said agreement and receiving your "Set Up Fee", we will.....
1. Market your property for rent in the following ways as needed.
a. KEVCO "For Rent" sign in your front yard
b. Flyer box with property information
c. Property to appear on our web site.
d. We advertise in the Collegian as needed
e. We advertise in the Coloradoan as needed
f. We utilize RentClicks as needed
2. Show your property to interested parties. We are open seven days a week to answer calls from prospective tenants and show your property. Are we competing with another management company for your business? Call them on a Saturday and/or Sunday and see what you get.
3. Process applications, background checks, credit checks, employment check and reference checks. We screen the applicants and their pets. In our 6 year history, we have never had to do an eviction on a KEVCO selected tenant. Upon the successful leasing of your property, we will charge our 2nd of 3 charges- the "Leasing Fee".
4. Enter into a lease with the tenants not to exceed 15 months. We like our lease cycle to be from August 1st through July 31st and will work with you to get your property on this lease cycle. At lease signing, we will collect security deposits and hold them in an escrow account. We will also collect a $100 pet fee per pet at the property and this fee passes through to you as income to offset minor damage from pets (holes in back yard, etc).
5. Over see the move-in of the new tenants and provide a condition check sheet. We work hard to ensure that the properties are in good condition, happy tenants mean lower vacancy rates for you !! Lower vacancy mean lower advertising costs as well as having income to offset your mortgage. We feel it is a better investment to put money towards your property (and it's value) vs. having a sub par property and putting your money towards extra advertising costs and reduced rents.
6. We are available twenty four hours a day for maintenance emergencies.
7. We collect rents for you every month, pay for any maintenance issues and send you a check by the 15th of the same month. You will also receive an "Owner Draw" report along with copies of any receipts/invoices that were paid out against the account. Our management fees are paid out to us at this time. We do not collect management fees unless we have the property rented. We feel that if you aren't getting paid, neither should we!
8. We help the tenants to move out, process any maintenance, cleaning or damage issues, check for outstanding utility bills and city charges - then return whatever portion of the tenants deposit is due back to them. In 9 out of 10 cases, we already have this property re-rented and begin the move-in process over again.
We would be happy to send you a copy of our management agreement. Please email us at contact@kevco.com with your property address and we will send you out a generic form for your review. Please also take a look at our lease.
Spend a few minutes poking around our site- we have disclosure and documents that you can review as well as a Tenant FAQ.