Larry John Wright Property Management and Real Estate is a full-service property management company providing 24-7 customer service and maintenance support. We are based out of Mesa, Arizona nicely situated on the borderline of Tempe and Scottsdale. Currently, we are servicing Mesa, Tempe, Scottsdale and parts of Phoenix, Chandler and Gilbert
Our Mission:
To Renovate and Transform the Property Management Industry By Creating and Upholding the Values of Integrity, Passionate Client Services, and Innovation.
Four Main Reasons Why Larry John Wright Property Management and Real Estate Just Makes More Sense
For Real Estate Investors
I. Larry John Wright Property Management and Real Estate Fills Vacancies TWICE as FAST and for Less than HALF the Normal Price
- We Fill Vacancies Twice as Fast as Most. Most property management companies average 6-8 weeks to fill a vacancy. Ours is 3-4 weeks, or about half the time than the average.
- Don't Worry About Marketing Expenses - This One is On Us. Our Marketing department posts your vacancy multiple times per week on several proven listing boards to ensure your property is getting the exposure it deserves.
- We Focus Our Efforts on Getting Your Place Rented to The Right Person Fast. We usually show your property multiple times before we find a suitable tenant.
- Stop Paying Outrageous Finders Fees. Larry John Wright Property Management and Real Estate only charges a modest one-time comission of $300 or 36% of the first month's rent, whichever is greater.
II. Larry John Wright Property Management and Real Estate Has Less Evictions than Most Property Management Companies
- We require a full month's rent for security deposits from all our tenants.
- We Do Multiple Background Checks. We look at the prospective tenants credit history, criminal history, prior evictions, employment and income.
- We Show Your Property Multiple Times to Find the Right Tenant. Being more selective in choosing a tenant makes managing the property and tenant relationship much easier in the long run.
- We're swift to proceed with evictions in the event a tenant is late on rent. When and if a tenant is late on rent, we immediately proceed with 5-day notices and involve our attorney's from beginning to end, to ensure the fastest possible removal of the non-paying tenant. We do not negotiate rent and have a very strict no-pay no-stay policy.
III. Having Larry John Wright Property Management and Real Estate on Your Team Means Lower Maintenance Costs
- Avoid Conflicts of Interest. Maintenance is handled by outside contractors, Larry John Wright Property Management and Real Estate employs independent contractors to handle all your property's maintenance emergencies. This alleviates the conflict of interest inherit in having on-staff employees working on your property.
- Experience Counts. Our experience with several different vendors provides security in knowing that you'll be getting the best work possible for the given situation.
- Economies of Scale Means Lower Costs. Because we use several of these maintenance contractors on a regular basis, we're able to get bulk-rate discounts.
- We Strive to Work Within Your Budget. We typically create a budget with you to help offset those unexpected maintenance expenses.
IV. Larry John Wright Property Management and Real Estate Offers Property Owners the BEST Overall Package - Guaranteed
- Property Management is Our ONLY Focus. At Larry John Wright Property Management and Real Estate, property management is ALL we do.
- Greater Transparency and Efficient, Easy-to-Read Monthly Reports. We send your monthly reports out on the 12th of each month, along with your rental income check. Another great and powerful feature of our services is we provide you access to your account online. Now you can actually see what's going on with your property, anytime you like.
- Think You Found a Better Program than Larry John Wright Property Management and Real Estate? If you find a better offer from another property management company, show us the details of the agreement and we will beat their offer. Our promise is that you will not find a better overall deal, anywhere, guaranteed.
How Can LJW Property Management Help You With Your Investments?
Q: What types of properties and locations do you manage?
A: We service most residential, single family, multi-family units and apartment buildings or condos located in the East Valley of Phoenix, Arizona. The East Valley includes Scottsdale, Mesa, Tempe, Chandler, Gilbert, and parts of Phoenix.
Q: How much are your management fees?
A: Our standard rate of 10 percent applies to most rental units serviced in the east valley, depending upon how many property units you would like us to manage and the distance from our offices.
Q: Is there any type of start up fee and if so, what does it include?
A: Yes. The one-time start up fee is $312 to get your account setup. This one-time fee includes:
- Taking pictures of the property
- Assessing the property for damages and overall condition
- Launching initial marketing campaigns for the property if vacant
- Notifying tenants of change of management
- Uploading client, property, HOA, insurance, and tenant info into our system.
- Placing lockbox and signage at property
- Creating your online account with username and password, so you can view property reports and available funds anytime, anywhere.
Q: Do you have any discounts available for volume or close proximity?
A: Yes. We offer discounts depending on the number of units you want managed as well as the location of those property units. To get details on available discounts, please give us a call.
Q: What services does your finders fee include?
A: The finders fee helps us cover the costs involved in doing showings of the property, listing the property on various websites, and paying realtors and referral agents their due commission for assisting in helping us find you a renter. The fee also includes the services involved with making appointments, showing your property to various prospects, screening/evaluating them against background checks, and negotiating rent on your behalf. In order to get your home exposed to the greatest number of qualified people, we advertise heavily and work hard to show your property often and to the right clientele.
Q: How much is your Finders Commission?
A: Based upon a 6-month minimum management agreement, the finders commission is just $300 or 36% of the first month's rent, whichever is greater.
Q: How much control do I have over my property?
As much or as little as you want, it's really up to you. Most of our clients prefer to let us do the dirty work. For maintenance-related emergencies, and to get your account started, we require a minimum of $300 per home or condo unit, or $150 per unit for a multi-unit building such as a 4-plex. This is your emergency maintenance reserve account, and you'll see this amount held in your name on your monthly report, which we send out on the first of each month.
Q: Do you have a customer satisfaction or refund policy?
A: Yes - absolutely. If for any reason, you're unsatisfied with our services, you may cancel at any time, just give us 30-days notice.
Q: What services do you provide?
A: We're a Full Service Property Management company - meaning that, unlike many of the so-called property management companies out there who purchase or sell real estate for clients, we do ONLY Property Management. What this means is that our core focus is on the preservation of your properties, and the continued longevity of our relationship with you the owner.
Some of the services we provide:
- We provide and handle emergency maintenance calls
- Tenant disputes, resolutions and negotiations
- Swift evictions with the assistance of our attorneys
- In-depth background checks on prospective tenants
- Property Inspections, usually on a quarterly basis
- Advertising and marketing for prospective tenant lead follow up
- Property showings and open houses
- Rent collection, accounting and monthly reports
- Taxes and 1099 reporting
Q: How long will it take to find a suitable tenant for my property?
A: Unlike the industry average of 8 weeks, we typically find a qualified tenant within 3-6 weeks. Keep in mind though; we don't do any "$99-move-in specials". All the tenants we place must go thru a series of stringent background checks, and typically pay a security deposit equal to a full one-month's rent, and pay the full first month's rent, regardless of the move-in day, in order to qualify for tenancy.
Q: What happens if you have to evict my tenant?
A: We are swift to evict in the event of a non-paying tenant. From start to finish, the eviction/legal process usually comes to about $390.00 in the state of Arizona.
Q: How do you handle a tenant who damages my property?
A: We do frequent inspections and confront tenants and work with them to make sure the property is being cared for. We're very firm and detail-oriented when it comes to damage assessments on the property. In the event of damages accounted for, we deduct these against the tenant's security deposit.
Q: Who usually pays for utilities at the rental property?
A: Typically the tenants pay for all the utilities, while owners prefer to pay for the mortgage, taxes and HOA fees associated with the property.
Q: When can I expect my report and check to be sent to me every month?
A: We send your monthly report and check by the 12th of each month.
Q: Sounds GREAT! How do I get started?
A: Signing up is really quite simple. All we really need from you to get you started: 1) keys to the property if you have them, 2) a signed management agreement, giving us permission to enter the property and actively manage it (please call us and we can have one prepared for you, depending upon the level of services you want), and 3) a check or deposit in the amount of no less than $400.00 - $600.00 held in your name for maintenance emergencies, made out to LJW Property Management.
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