MORE THAN MANAGEMENT
We are not the standard property "management" company. In fact, we don't like that word at all. A manager merely controls people and things. Common words like supervise, direct and command come to mind. Managers often describe their job as "putting out fires." A number of people can do this task. 256 Realty provides something much more pivotal - LEADERSHIP.
Our goal is to give advice and guide individual property owners to their defined destination. We oversee and grow real estate investment portfolios. We lead into the future. Our clients's portfolios consist of 2 to 20 homes. Our design and purpose is for all of us to meet our goals in real estate.
Perhaps your goal is to pay off 2-3 houses through renters so your child can go to college one day. Maybe it is to provide for personal retirement down the road. Some investors desire a large portfolio to provide enough passive income to make a living at a young age. These are all worthy goals and we exist to help.
"When you are a pessimist and the bad thing happens, you live it twice, once when you worry about it, and the second time when it happens." - Michael Lewis, The Undoing Project
If the first questions when coming to this page are "what are your fees?" or "what happens when a tenant doesn't pay?" or the dreaded "how do you screen for tenants?" then it is probably time to back up and reconsider why you want a rental portfolio. Starting with the right mindset is key. If those questions came to mind, let's have a discussion about the point of having a rental portfolio expert at work for you. We need to develop a healthy attitude to go down this road.
You can find much more information in the Q&A section, but here is a quick rundown of our services and fees:
We take care of the entire rental process, from advertising to showings, to leasing and collecting rent. You literally have to do nothing except provide a good home!
We collect 10% of all rental income (including late fees and pet fees) as a service fee (if your home rents for $1,500, we collect $150 each month and the rest goes to you).
You pay a one time setup fee of $100 the first time we rent the home to someone. This amount is deducted from the first month’s rent we collect. You do not pay a dime up front. You only pay this once per property. We do not collect re-leasing fees, fees for providing maintenance or even a one-time leasing fee.
We make disbursements to you electronically on the 10th of each month. Rent is due on the 1st of each month and late after the 5th. We process payments to you after a few days following the grace period to give time for the funds to clear.