What are your fees?
Valiant Realty & Management LLC has three fees. A tenant placement fee, a monthly management fee and a lease renewal fee (if the current tenant releases the property). We offer a unique payment plan for both the tenant placement fee and the lease renewal fee. There are never any hidden fees or upcharges on anything, no exceptions.
How long will it take to rent my property?
It depends on the home’s condition, how much you want in rent, and what the local market will support. We place a tenant on average below 30 days, in many cases we can have a tenant within a week or two. As stated previously this depends on the condition and rental price but the time of year and the demand for the area must be taken into consideration as well. For example, on average, homes rent very quickly in the summer when compared to fall/ winter.
How do you determine a rental rate for our property?
Our agents have been in property management over a decade so we know the market. Between using our local data, general knowledge of your neighborhood, previous properties that rented in the area, and the specs/condition of your house, we can determine the right rental rate.
How will my property be shown?
Unlike other management companies that give prospects the lockbox codes or keys, your property will only be shown to pre-qualified tenants by one of our professional agents.
How do I know you’ll find a qualified tenant?
We will run a credit report, conduct back ground screenings, review employment history, rental history, and check local and national sexual offender databases. This is a very important part of the process and determines much of what transpires during a tenancy. To Valiant, this is the single most crucial aspect to our success. If a prospect passes our screening you will be notified immediately.
How do I get paid each month?
Tenants are required to pay rent on the 1st of the month. They are given few days grace period per the lease agreement. Once we receive the rent an owner can expect to be paid within the first two weeks of the month. We can accommodate most all requests for payment and some of our owners receive physical checks monthly with the majority being paid via ACH.
How do you keep maintenance cost under control?
We have a list of licensed & insured companies that we have used for many years including electricians, plumbers, general contractors, handymen and a list of specialized vendors that are qualified to handle any issue that may arise at the home. We do not mark up anything and neither do our vendors so you receive the best work at the best price, if any issues occur. Our vendors provide us savings and we can pass those along to our owners as well.
Will the tenants take good care of my home?
There is always a risk that a tenant will not treat your home as well as you would. We have systems, including inspections & drive bys, to make sure we are keeping an eye on the property’s condition. Damage past normal wear & tear are not typical.
Do I need to take care of the lawn?
Tenants typically handle all lawn care and maintenance. We do offer full landscape services to you or your tenant if requested.
Do I have to continue to have homeowners insurance or will the tenant be responsible for insurance?
Yes, you should maintain a landlord policy on the property. Contact your insurance agent and let them know your renting the house and make sure you are protected.
I have used a property management company before and I was unhappy with the services they provided what makes Valiant different?
This is the most common question we see and frankly it is what sets us apart.
Real estate sales agents have flooded the property management field for the last several years. Most of these agents are looking to supplement their income and they simply are not equipped to manage properties. Many prospective clients tell us about their previous experience with these agents. This has created a burden of proof on us. We welcome this as we are very committed, experienced and confident in our ability to manage your property.
For Valiant: It is extremely important that we always have open lines of communication with our owners and tenants. If an owner or a tenant contacts us they will receive a return call, text or email within a few hours, if not a few minutes.
Property management issues arise at a moment’s notice and those issues need to be addressed quickly. Our response time ensures maintenance issues and repairs do not do more damage than they should or become more expensive. This also keeps everyone happy.
Most of the owners Valiant works with who have used other management companies in the past tell us how disappointed they were with the level of communication provided to them. Quite quickly these same owners comment on our accessibility and communication.
Fix an item quickly, attend to an owner or tenant’s needs correctly the first time and property management becomes a successful endeavor.
What is your termination fee or cancellation clause?
Most companies have a termination fee or cancellation clause. These can be several hundred dollars, a full month’s rent or higher. Valiant does neither. If an owner is unhappy with our services, then they are not obligated to pay us a fee.
We are confident and provide a great service. To date, Valiant has never had an owner terminate our management agreement or request to discontinue our services for any reason.
Are there any costs to get started?
None. There are no upfront fees or out of pocket expenses.
What happens if a tenant defaults on a lease and/ or an eviction has to be filed?
These are very atypical situations especially evictions. Because of this, Valiant will pay for any eviction as long as it is in the first year of the lease and will replace the tenant for free.