Rental Agreement: As a member of the HBR, HAR, and the NAR, GRI utilizes the standard Rental Agreement published by the HAR.Īccounting: At GRI we use state of the art management software to ensure proper ledger balances and accurate accounting.Confused about property taxes in Honolulu County Hawaii? Here, we provide a guide to how property tax works, how much it costs, and when you have to pay it. GRI prepares Form 1099 for the Owner annually and a copy is forwarded to the appropriate governmental agencies. Taxes: State General Excise Tax must be paid on gross rents collected by Owners renting real property in Hawaii.
Insurance: Owners are advised to obtain Owners, Landlord, and Tenant Liability Insurance to protect their assets. We do not charge a start up or tenant placement fee. Management Fee: GRI charges a fee of 8% of the gross monthly rent collected. Legal Services: If legal services are required, the Owner may engage his/her own counsel or authorize GRI to engage our recommended counsel. Periodic Property Screenings: As an integral part of asset management, GRI conducts periodic property inspections to insure proper care is being taken by all tenants to the subject property. Nominal repair costs are deducted from the Owner's proceeds. GRI will initiate repairs when needed unless the cost exceeds the amount as stated in the Management Agreement, whereby the Owner's permission is requested. Repairs: At GRI our emergency repair numbers are on 24/7 for any immediate assistance tenants or owners may need relating to property maintenance. The service charge is divided equally with the Owner and GRI as payment for additional delinquency follow-up services. Security Deposits: Tenant deposits are held in our clientele trust account.ĭelinquency: If rent is not paid by the due date, the tenant is liable for a service charge. Owner's Remittance: Proceeds are disbursed monthly together with a property statement of account to the Owner around the 10th of each month. Advertising costs are the responsibility of the Owner and are deducted from his/her proceeds. GRI also places rental ads on the MLS as well as many other internet venues. GRI will verify their employment and their record with past landlords to confirm payment ability and stability as a tenant.Īdvertising: GRI advertises through the Honolulu Advertiser under a volume discount contract, with savings passed on to the Owners. Tenant Screening: As a member of Tenant Check, GRI will check for any negative reports on prospective tenants. Simply stated we care.ĬONTACT OUR HONOLULU PROPERTY MANAGEMENT COMPANY However, if you are in search of a reputable personalized property management company that places your best interest first and foremost then the search is over. If you are looking for a company who hires vendors who are the easiest for them to use for whatever reason at whatever time then we are not it either. If you are looking for a corporation who throws your property on the rental market hotline and never responds to anyone until two days later then we are not it. From prospective tenant credit screenings to the most cost-efficient repair solutions we focus on maximizing rental income in today's ever changing market. There are many legal aspects associated with renting your property such as The Landlord-Tenant Code, State and Federal Fair Housing Laws, and many other rental property laws which must be handled accurately and professionally to prevent any lawsuits from arising. Property management is not as simple as throwing it on Craig's List and collecting rents at the beginning of the month. Rather than being another "rental unit" lost in the shuffle each decision we make is made with careful consideration and timely communication with our vendors, tenants, and of course owners. We treat each and every property we manage as if it were our own.
With so many management companies today what makes us a solid investment? For 27 years our formula for success is simple.
HONOLULU PROPERTY TSEARCH PROFESSIONAL
Graham Realty strives to provide a prompt response and professional property management services to each and every client as well as tenants.
0 kommentar(er)
