Tenant Placement Program
program is a service provide to those owners that like to do their own
property’s administration. In this situation,
the company will charge just the 85% of
the first month rent as a commission for the company, this
includes advertising the property, finding the prospect tenant,
screening the credit history, criminal and eviction, the contract, the
sign of the Real Estate Broker, and a previous move-in inspection.
All owners of rental properties must have a current home owner’s
insurance policy in effect and a copy of the policy is to be kept on
file in our offices.
Each property owner will receive an accounting of all revenues received
and all expenditures relating to their rental property on a monthly
basis in accordance with the Property Management Agreement.
Each property will go through Initial Property Inspection and Acceptance
performed by Soon Property Management with a copy kept on file in our
office and a copy going to the owner.
We provide a complete line of services to maintain and enhance your
property's rental value. These services are performed by fully licensed
professionals and directly supervised by Soon Property Management
Maintenance and Repair
All prospective tenants
are thoroughly screened at no cost to the owner. We have online computer
services to check credit history, bankruptcy likelihood, judgments,
evictions and criminal record. Employment verification, income, savings
and past tenancies are checked. Satisfactory ratios between earnings and
expenses have to be met to be considered for tenancy.
The leasing agent
that receives a commission for renting the home is not involved in the
decision of establishing the suitability for tenancy. Leasing agents are
commissioned while property managers are salaried employees. The
background check is given to our salaried property managers, who
contacts the owner of the property to allow their input and final
decision. We will give you recommendations based on our experience and
market conditions without the bias of an agent making a commission if
you accept a tenant.
Rental rate and market
demand analysis is constantly updated. With hundreds of homes under
management, we know the market and its vicissitudes. Every time a lease
comes up for renewal or goes vacant, we set the rent as high as we
believe the market will support. This is done in consultation with the
A full time in-house leasing staff is
Our leasing department is open six days a week. Most management
companies and individual agents do not work on the weekends when nearly
one third of our leases are written.
Sixty days prior to lease expiration,
residents are contacted to explore renewal terms. If a lease is not
renewed, then planning for re-rental begins. Our lease requires tenants
to allow us to show the home during the last thirty days of tenancy.
This way, many homes are re-rented before the owner incurs any vacancy.
Tenants must pay security deposits
for the monthly rental amount before move-in. No exceptions. If tenants
do not have adequate finances upon move-in, any little financial
disruption in their lives could cause a payment problem.