Lifestyle Property Management, LLC.
Saving you time and money while increasing the value of YOUR real estate investment…
Our goal is to maintain the property as the owner would (or better!) and increase the value of their investment.
Why Lifestyle…
Our professional staff and years of experience make the choice simple.
With over 10 years of experience managing rental property our professional staff is highly skilled and experienced in dealing with all the personalities and nuances relating to property management. Lifestyle specializes in managing single family homes, townhouses, and condominiums throughout Indianapolis, Carmel, Fishers, Noblesville, Beech Grove, Lawrence, Brownsburg, Avon, and Plainfield.
With all the rapid changes is the real estate market today the demand for high quality rental property is on the rise. It is now more important than ever to hire a property management company that your can trust to safeguard your investment. Our staff understands that your home may be one of your most valuable asset and we are certain that you will want the most knowledgeable individuals to handle your investment as if it were their own. Lifestyle, offers a wide variety of services including but not limited to:
Initial Property Inspection/Rental Analysis
This inspection will help you determine the appropriate rental rate. It requires visiting & inspecting the property, touring the neighborhood, and identifying community conveniences, preparing written recommendations regarding any needed repairs and/or improvements. Digital photos will be provided to support our recommendations.
Rental Rate
Lifestyle will assist you in setting the highest possible rental rate which is dependant upon the current market value, condition & type of property, location, length of lease and time of year. Setting the proper rental rate and aggressively marketing the property will be essential in securing a qualified tenant.
Attracting Qualified Tenant
Advertising is key when it comes to attracting qualified tenants. Your property’s initial exposure will be through the BLC (Broker’s Listing Cooperative) exposing your property to over 6, 000 Realtors® immediately, the information is automatically upload to our website: www.chooselifestyle.com, www.mibor.com and www.realtor.com. Additional internet exposure is available at your request . There are also local newspapers and/or publications that are available to further expose your property. We will prepare flyers for distribution through major employers, email marketing, on the premise, and to utilize at other networking opportunities.
Qualifying Tenants
We take pride in our ability to assist the owner in choosing the most qualified tenant. First, all prospective tenants must complete our detail application. Then, we conduct an in-depth investigation of the potential tenants by utilizing the credit bureau, verifying employment, salary, past rental/mortgage history, bank depositories, criminal history and contact references. We have on occasions toured their current residence at time of application. All for the purpose of assisting our owners in making the best choice.
Collection of Rent
Lifestyle will collect the monthly rent and mail the net proceeds directly to the owner or deposit the funds directly into their bank account, unless an expense prevents mailing all funds. Checks are mailed with monthly statement as close to the 10th of the month as possible however the contract does allow until the 15th of the month.
Monthly Accounting
Each owner will receive with their monthly rent a detailed monthly computer-generated statement, showing all rental income and any disbursements. Lifestyle also provides its owners with a year end summary statement to give to their tax account.
Arranging Maintenance & Repairs
The premises will be kept in reasonably good repair and the tenants will be charged for any tenant-caused repairs. Lifestyle, works with several local companies for a variety of maintenance needs to provide service in a timely manner. These needs include plumbing, painting, electrical, cleaning, appliance repair and many other services. A maintenance technician is also on call for after-hour emergencies. Property owners are called immediately in regards to any repair that exceeds our property reserve amount.
Reasonable Fees
Administration Fee - This fee covers all expenses associated with the initial property inspection, account set-up, ownership verification, and initial advertising.
Leasing Fee – a portion of this fee goes to the agent(s) responsible for locating a qualified tenant for the home as compensation for the time invested in showing the property and aiding the application to lease process.
Monthly Management Fee – This fee covers our ongoing monthly management expenses.
Deduct Us for Your Taxes!
You choose…sit back & relax and let us do the work and deduct the cost of our services for your taxes; OR you do the work, spend your time & effort of which your time and/or efforts are not deductible. It’s our aim to save you time and money in this case, less taxes. Isn’t it about time for you to enjoy the benefits of property ownership without all the hassles of managing it?
We welcome the opportunity to serve you and look forward to building a long, lasting working relationship with you.
