Do you have or expect to have a vacancy? Although we would love to manage your property for you, we understand that some owners like to manage their properties themselves. Pine State Property Management can still help you with our leasing services by finding a qualified tenant.
Marketing Survey: First, rent surveys are done to ascertain competitive market rents in any particular location. Setting the right rent will attract the greatest number of well qualified prospective tenants so you can enjoy stable income and low turnover.
Advertising: Pine State Property Management markets vacancies by means that have proven effective for that property, from:
- Ads on major search engines, online classifieds, and of course, on this web site. Advertising on the web is a must to attract top applicants - and it's usually free for owners!
- Ads in the print media (Bangor Daily News, Portland Press Herald, etc.).
- Listing on the free Pine State Property Management Vacancy List. Because of our reputation, many prospects call us for a free vacancy list. These calls are a reflection of our experience and visibility in the Maine renter's community and represent an added bonus when you choose Pine State Property Management to lease your property.
- Most importantly, and often over-looked, eye catching signs and banners are affixed on the property itself.
Screening Process: Pine State Property Management views tenant selection as one of our most important functions. Specially designed Pine State Property Management applications are handed out during showing appointments to all interested prospects. Prospects can also obtain an application on this website. The ease to apply has increased the numbers of applications we receive as well as sped up the processing time.
Once a completed application is received in our office, the application is screened for credit, rental and/or ownership references, and income. Pine State Property Management runs all applicants' credit before final lease approval is given.
Lease Signing: Once accepted, the prospective tenant signs a lease which has extensive safeguards for the property owner and complies with all local and state laws. The tenant must provide a security deposit and first month's rent in certified funds before a lease is signed and the keys turned over.
Accounting: Once the new tenant has signed the lease and funds are collected, a full accounting is made and a distribution is made to you.