Contacting Property Manager...
Rainey Property Management
10515 W. Markham St
Little Rock, AR 72205
Types of Properties We Manage:
- Single Home/condo (up to $300K)
- Single Home/condo ($300 to $500K)
Let Rainey Property Management manage your rental properties!
Rainey Realty, Inc. dba Rainey Property Management specializes in managing single-family homes in the Central Arkansas area. Rainey has been a trusted name in real estate since 1966.
We manage property a little different than most managers. Instead of being the manager who makes all the decisions for you, we believe we are your eyes and ears and we manage the property with your input.
Rainey has a strong marketing program to attract prospective tenants. We implement all current available resources to secure qualified tenants for our Owners as quickly as possible.
Qualifying the Tenant
One of the most important things we do is place the proper tenant into your unit. This is accomplished by a thorough background check. This includes, but is not limited to the following: National Criminal Background Search; Tenant background screening credit report, furnished by a Trans Union; OFAC and USA Patriot ACT Compliance and Due Diligence; National Sex Offender Background Check; Social Trace; Employment Verification; and Past Rental History Verification.
Upon acceptance of the tenant, we require the tenant to sign the lease, pay the deposit and first month's rent to take the property off the market. Security deposits will be held in a non-interest bearing Escrow Account. Our leases are annual leases and have been reviewed by an attorney who specializes in Landlord/Tenant Law. Tenant responsibilities are clearly defined, giving us the ability to enforce lease requirements.
Collection of Rents
Our collection of rents is a vital part of our service to you. Rent is due on the 1st and late after the 5th and we accept checks, money orders and credit cards. We charge the tenant's a $5/day late fee after the 5th (retroactive to the 1st) for our collection services. If it is time to evict then we use the County Sheriff to serve the 10 day Notice to Vacate. If the tenant tries to pay after then the owner can decide if they want to rescind the eviction or not. We have very few evictions because of our tough collection standards.
We pride ourselves on getting rent checks out to our Owners on the 10th, 15th and last day of the month by direct deposit. Your deposit will be made at the next payout date after we receive rent. We do not wait for Tenant's checks to clear before issuing Owner's checks. Any costs will be deducted and if you have work orders to be paid in the current month then we will hold back enough to pay those repairs so you don't have to send us any money. Also, we believe in going green. You receive an online account to see all your activity on the property.
Rainey is on call 24 hours a day, 7 days a week. All maintenance emergencies are handled quickly and in a cost efficient manner. Non-emergency maintenance requests must be made in writing or submitted online to prevent frivolous requests. We consult the owner about the repairs to make sure we understand what you want done. Rainey uses licensed and insured repair people for the owner's protection. Due to the high volume of properties we handle, we can secure excellent rates from these vendors, which are passed directly to our owners.
We do inspections of the properties on a regular basis to ensure tenants are complying with the Rental Agreement. We do inspections at every turnover to document the condition of the property for the new tenant and to decide the disposition of the security deposit from the previous tenant. Many photos and a detailed report are available online for your review.
We are a full service management company. Due to our success over the years, we have been able to keep our fees low. We handle the lease preparation, execution and renewals, but we do not charge any leasing fees. We also do not require any maintenance deposits. We charge 10% of the collected rent with a minimum of $75/month to manage your property.
Let us help you manage your investment and maximize your profits! Request a Quote today for more information!