If you answer "no" to any of the questions below, it will be wise to hire Charleston Luxury Rentals as your professional property management company. The cost of one bad decision could more than offset the cost of hiring a professional manager to help you avoid the pitfalls of rental property ownership.
This all depends upon the status of the market, the time of the year` and the property itself. We are constantly in tune with the market environment and are committed to designing and executing a targeted marketing plan to rent your property as quickly as possible, thereby minimizing the time that your rental is not generating income. While we can offer no guarantees as to the time in which we will find you a suitable tenant you can rest assured that everything is being done to effectively market your property’s availability.
Yes. This is a very popular option with the current state of the real estate market. Please call our office to inquire about several different leasing opportunities that can best suit your needs.
Any damages caused to the property above normal "wear and tear" will be deducted from the tenant’s security deposit.
Normal wear and tear includes deterioration of the premises that occurs during normal conditions. For example, chipped paint, scuffed hardwood floors, and worn carpet or vinyl flooring. These things happen even if the tenant cleans regularly and cares for the premises reasonably.
Damage occurs from unreasonable, use or accidents. For example, large holes in the walls from hanging pictures, stains on carpets, gouges made to hardwood or vinyl floors and extreme build up of dirt, mold, etc. Even intentional alterations to the premises are considered damage. For example, the tenant cannot repaint the walls to significantly change the color. If a tenant wants to make changes to the premises that will remain after the tenant moves out, the tenant should do so only with the landlord's written permission.
Yes. We can make mortgage, regime and/or homeowner payments provided that sufficient funds are available to us when the payment is due. A minimum of one month’s payment is required to be held as a "reserve balance" in your property account.
No. Real estate regulations preclude any real estate company from advancing its own funds to settle an owner’s expenses. Bills are paid when the available balance in the property account is equal to or exceeds the amount(s) owed. For this reason, it is important to ensure your account balance is always sufficient to pay all anticipated expenses.
A well-maintained property attracts better tenants, leases in a shorter time, and generally brings higher rents. The money you "save" by not having the property in top condition will be spent on longer vacancies and the problems associated with attracting lesser qualified tenants.