Blog Post

Steps To Renting Your Home

GETTING READY TO RENT

❱ Property Preview - We will schedule a time with you to do an in initial viewing of the property. At the property preview, we gather information which assists us in setting market rent as well as any recommended upgrades.


❱ Property Profile - we will work with you to complete a thorough profile of your property so we can better understand the condition and your expectations. In order to move to the next steps and sign a management agreement we need this packet filled out by you. Once completed it will take about 2 business days for our team to review and follow up with more comprehensive report. Based upon the information in the profile, we may suggest updates or see red flags that may not attract a tenant or meet legal requirements.


❱ Market Rent and Recommendations - We will follow up with you with market rent and any upgrades we would recommend.


❱ Management Agreement - Once you are ready to work with WPM for managing your rental we will have you sign our Management Agreement and applicable documents. We will also need:

Copy of home owners insurance certificate

3 sets of keys

Set up fee payment & reserve


❱ Rent Ready Checklist - Complete any renovations and all items on the rent ready checklist prior to putting your property on the market. This will ensure your property is in the best condition possible to attract potential tenants as well as meet any legal requirements. This work can be done yourself, or you can work with one of our trusted vendors.


❱ Final Walkthrough & Photography

Upon completion of the Rent Ready Checklist, we will schedule a final new property walkthrough and 3D virtual tour photography. Your property will then be listed and marketed within 2 business days.

ON THE MARKET

❱ Applicant Screening & Leasing

We administer a thorough application and screening prior to signing a lease, including credit reports, criminal reports, employment verification, and housing references.


❱ Annual Inspections & Reports

Each rental property receives an annual inspection so we can document how the tenant is caring for your property and any maintenance needs.

Property Management Tool Kit
May 26, 2023
Established in 2005 Windermere Property Management exclusively manages properties with the focus of preserving and enhancing the value of investment properties. We provide professional management for single family, multi-family and commercial units. Our full service management allows owners to focus on other aspects of their investment portfolio, while ensuring that their properties are well-managed and profitable. EXPERIENCED TEAM Our staff includes four licensed real estate brokers with 30 years combined experience. You also have access to our in-house maintenance company that employs a handyman, landscaper, residential and commercial cleaners as well as on-call staff for after-hours emergencies. SERVICES FOR OWNERS ❱ Marketing: WPM markets your rental online and distributes to our pool of pre-qualified applicants. Each property receives a “for rent” sign in the yard and a 3D virtual tour. ❱ Tenant screening: We professionally screen applicants, negotiate lease terms, collect deposit/rent/fees, sign lease/addenda and complete move-in walkthrough with tenant. ❱ Rent collection: We collect rent and any applicable fees from tenants on behalf of the property owner and ensures that rent is paid on time. ❱ Maintenance and repairs: We have an in-house maintenance team to handle service and repairs for rental properties or we coordinate with contractors to ensure that the property is well-maintained. ❱ Property inspections: We complete the move out walkthrough, coordinate any work such as cleaning and repairs. Additionally, we conduct annual interior inspections on each property. ❱ Lease management: Throughout the lease of your property, we handle lease agreements, including renewals and terminations as well as handle tenant inquiries/concerns on your behalf. ❱ Financial reporting: Owners have 24/7 online access to copies of monthly cash flow statements, paid invoices, copies of leases, and other important documents. Owners also have the ability to make an owner contribution via their portals.
May 26, 2023
PRIOR TO RENTAL YARD SHOULD
May 26, 2023
CITY OF WALLA WALLA & COLLEGE PLACE
May 26, 2023
By Applicant submitting a signed Application they acknowledge and agree to the following:
May 26, 2023
It’s important that your property be well maintained not only to increase the value and maintain your investment but to set the bar for care by future tenants.
May 26, 2023
Pet ownership statistics show ownership levels have reached new highs during the past couple of years. The American Pet Products Association found that 70% of households own a pet, a significant increase from 1988 when 56% of households owned a pet. Additionally, there are approximately 500,000 service animals in the us and nearly 200,000 emotional support animals, up from merely 2,400 in 2014. Pet ownership and the use of service and support animals continues to rise through the US. A trend we see here in our local community as well.
May 26, 2023
We will choose the first approved applicant, based upon our tenant screening policies. The unit is taken off the market when the approved applicant has signed the pre-lease holding agreement and the lease agreement, as well as paid the holding deposit. If the applicant decides not to rent the unit, they waive the holding deposit which is then paid out to the owner as income. If the applicant moves in as agreed upon, the holding deposit is transferred and becomes part of the applicant's refundable security deposit. WPM will assure completion of a signed move in condition form, documenting the condition of the home at time of move in. This form is required in the State of Washington if you deduct any repairs, yardwork or cleaning from the tenant's refundable security deposit upon move out. WPM retains a copy of the signed move in condition form.
May 26, 2023
Windermere Property Management has a comprehensive approach to marketing your property, to provide the best exposure to the most qualified potential tenants. This process starts by helping you prepare your property so it makes a good first impression, attracting good tenants, reducing time on the market, and obtaining the best rental price.
May 26, 2023
You have access to our in-house maintenance company that employs handymen, landscapers, residential cleaners as well as on-call staff for after-hours emergencies or we can coordinating with outside vendors to ensure that the property is well-maintained.
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WPM requires all tenants to carry liability insurance
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THE LAW
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Understanding Your Monthly Statements
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BREAK LEASE OBLIGATIONS
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