Westward Realty and Management Group
 
  westwardrmg.com 214-299-8590
 
Residential Management
ON THIS PAGE
administration
financial
marketing
operation
maintenance
brokerage
bookkeeping
tenant services
construction management
our philosophy
our people
accounting
investments
costs
contact

RELATIVE TOPICS
hoa management
building management

RELEVANT LINKS
lease marketing
sale marketing
SUBJECT:
  • Establish optimum rents.
  • Market Property
  • Represent owners in lease contracts.
  • Adjust to reflect anticipated market trends.
  • Home Inspections.
  • Establish necessary reserve funds.
  • Predict anticipated revenue.
  • Review the cash flow in light of the owner’s objectives.
  • Develop a comparative income and expense analysis.
  • Maintain integrity of premises.
  • Prepare monthly financial reports.
  • Qualify potential tenants.
  • Collect all rents and tenant fees.
  • Pay all bills and prepare disbursements.
  • Prepare annual income and expense report.
  • Catalog property status on-line / Management Web Page

 This is a broad range plan that is to be customized to the Owner / Investor /  Individual needs.

Administration......

The Westward Team will stay apprised of your property needs and always have someone on call to handle the needs of our clients and tenants. We will custom fit the course to match your individual property needs. Our commitment is to offer their clients an efficient, thorough and cost effective management concept. With Westward RMG, you will begin to see the profit in leasing without the pain of management.
   Operations reports Review tax assessments
   Pay invoices Financial coordination
   Rent collection Maintenance schedule
   Insurance advice Marketing Property
   Modified accounting and reporting Coordinate lenders
   Staff on call Owner/Tenant relations 
   Book keeping Manage Landscaping
   Annual budgets Contract administration
   Lease administration Indoor/Outdoor maintenance
   Distributions Assess Opportunities
   Prepare reports Employ and train personnel
   Database and coordinate vendors Necessary research 
  • Responsible Management for your Property
  • Rent received by the 3rd of the month or late charge enforced
  • Late charges retained by Property Manager for collection action
  • Homes maintained by quality subcontractors at a reduced rate
  • No markups taken on standard repairs
  • Complete and thorough tenant screening process
  • Advertising, screening & paperwork prepared for leasing your property
  • 7 days a week availability for your tenant emergencies
  • Periodic review of rental rates & market analysis of your property
  • Computerized reports between the 4th and 15th the month
  • Repairs and maintenance promptly handled

  TOP

This report is subject to additions and or changes in response to specific 
requests or inquiries and on going research - Updated 04-15-2K6

Consulting and coordination of financing for investments or acquisitions and portfolios. Evaluation and Financial planning for associations and groups. Participation in associations organizations for the success of the group. Reports and budget development. Analyze reports and executive summary for owners. Maintain tenant files 

............Financial

Research and coordinate lending

Prepare reports tailored to the property needs

Analyze budgets and make recommendations

Maintain tenant files and yearly records

Tax assessments   TOP

Marketing.............

For sales and leasing we have your interests featured on not one or two but a network of websites and pursue the continual indexing of our webs to other sites. For our Groups, Associations and investors we will create your own website to host the information and reports we make available on-line for you to track your investments. 

Ablewise

Cazoodle

Classified.org

Googlebase

GoogleFeedBurner

HousesForRent.ws

Inetgiant

 

My New Place

Ollo

OLX

Overstock.com

RealtyFeedSearch

Rentals.com

RentJungle

 

Rentology.com

RentSpeed

TenantPlus

Trovit

Vast

Zikbay

Zilpy

 

In Addition:

1000's of Realtor sites fed by IDX MLS data

Craigslist (free)

Backpage (free)

Oodle (facebook)

Some print ad advertising primarily in local Mags and the Greensheet
 

MLS listing

Web network

E-mail realtor and client network

Full internet tour features with virtual panoramic views

Daily DMN advertising

Develop interactive and artistic ad and web layouts

Various ad magazines

Define market and features of property 

Consolidate advertising  TOP

Day to day operations include servicing our clients and coordinating property maintenance, sales,. research and marketing. With five fully functional home office and office locations we have the personnel and resources available at all times to answer your questions or respond to requests. Our personal use and command of the internet can put information at your finger tips to be viewed at your convenience. 

..........Operations

Cost evaluations

Problem solving value assessments

Market analysis

Client mediation

Internet hosting    TOP

Maintenance.........

Maintenance schedule planning to fit the needs of the individual property to insure the owners value and the benefit of associations and groups is a key element to success. Supervising regular maintenance, solve specific problems, regular inspections by checklist, and the assignment and coordination of staff to examine critical components concerning a particular set of circumstances.

Regular property maintenance supervision

Regular inspections by checklist

Database vendors and analyze performance

Staff assignments of regular examinations

Research cost effective operations

Formulate schedules

Preventive Maintenance Program

  • Prepare an inventory of equipment and building.

  • Determine necessary maintenance tasks.

  • Calculate the cost.

  • Schedule the tasks.

  • Perform routine inspections.

  • Keep records.
    TOP

 

Our Broker Dave Christensen holds designations specializing in Property Management. The RMP, (Residential Management Professional) and the CMCA, (Certified Manager of Community Associations). He has served as President of the Greater Dallas NARPM chapter (National Association of Residential Property Managers). He has served as Chair of the Collin County Association of Realtors Property Management Committee. See the broker link for more. 

...........Brokerage

Expert industry advice

Contract review and oversee

Office web and client network

  TOP  

Book Keeping.......

 Management software and experience in the field staying updated to particular needs and developments in how we can provide you with the documentation and reports styles you need. All agents proficient with the book keeping and able to find your data.    TOP

Our policy is our tenants are relationships to be cultivated with prompt communication in the form of response, action, availability, reminders and service with the end result being renewals, less down time, commissions and make ready allowance. the tenant is a partner in your success and our business'

.......Tenant Services

Market property and negotiate quality tenants.

Order, supervise and inspect make ready operations.

Provide tenants with move-in information

Negotiate leases, terms and renewal rates per owner parameters

Prepare and execute lease, amendments and addendums per owner

On-line Database  
Avoid
  • Late rent payments
  • Bounced rent checks
  • Midnight repair problems
  • Move-outs
  • Repair appointments
  • No show appointments
  • Middle of the night skips
  • Checks in the mail stories
  • Bad maintenance/high prices
  • Below market rental rates
  • Month to month leases

    TOP

Construction........... Management      

We can supervise the construction needs of your property with an excellent database of contractors including Cost estimations and space planning. We will Monitor and oversee tenant improvements and see that they are completed timely.  

Solicit, obtain, review and secure construction contracts

Establish structure and material specifications and standards

Acquire necessary permits

Inspect construction and oversee punch lists

Establish and monitor insurance and licensing requirements

Obtain and file waivers and engineering specifications

Process draw requests

Monitor city and fire codes with city
25 years experience as a contractor and a maintenance coordinators with 30 years in the business. We have the experience to serve as a general contractor for all types
of projects from simple to redo's for a person who needs to get a
house on the market, to rental home complete renovations, to make
ready. We can save you money and time.     
TOP

Our Philosophy is one of the providers of information. We believe the reason you hire a professional is to have on your side the information needed to make your decisions concerning your investment. We make this available to you in a variety of ways in the form of reports, statements, web postings and constant communication. Coordinating all of the experts involved in the resolve of your concerns and the conveyance of the information as the coach of a team of these experts to achieve your desired results.  TOP  

........Our Philosophy

Our People.........

The Westward Team is a family operated business.  Our team of contactors and assistants provide the personal service that keeps you in touch with your interests.  With a variety of talents ranging from marketing, accounting, decorating, planning, evaluation, people skills, web marketing, advertising, coordination, research, and to continual development and education of the skills required we make your investment and our relationship successful.   TOP

A variation of report styles, frequency and type will custom fit your needs. We will develop ways to provide information to you in a way that it is most beneficial to your specific needs 

........Accounting

Analyze invoices, contracts and expense reports

Reduce unnecessary services to cut costs

Send special invoices promptly for approval

Set-up and maintain bank accounts 

Process deposits, checks and reconciling statements    TOP

Investments.........

Our team will research and stay apprised of opportunities that might arise. We help our investors seek ways to increase and optimize their portfolios. We communicate information through our webs with your own personal portfolio page and are always available by e-mail. We can assist in financial interfacing with lenders.    TOP

Here is a summary of the general cost to Manage your Property. Some exceptions may apply such as section 8. We will discuss the all of the needs that you have but these costs will apply to most residential properties. Please feel free to call with any questions.

.............Costs
  • 75% 1st months rent to lease (Managed)
  • 1st months rent to lease (Non-Managed)
  • 8% monthly to manage (Normal rate). Some exceptions may apply up to 10%
  • Repairs up to $200 at our discretion (Emergency $500), approval of $200
  • Thorough walk through on move in / move out (broker holds deposit)
  • $200 held in escrow for repairs
  • $15 Nominal marketing charge during marketing.
  • Full %50 commission offered in MLS.

Dave Christensen
mailto:davec@westwardrmg.com
Office 214-299-8590
Cell/Text 214-682-4385

Broker / Westward Realty and Management Group
/ RMP / CMCA / e-PRO  / CCAR Property Management Committee  / NARPM Officer / CAI Member


- VLaboratories -Copyrights Westward RMG 2011 -


 Westward Realty and Management Group
14785 Preston Rd Ste 550
Dallas, Texas 75254 MAP
214-299-8590
careof@westwardrmg.com
westwardrmg.com