Lease Assumption
The Perfect Solution For Property Owners with Existing Tenants.
What Is Lease Assumption?
The Assumption Property Management option is available for homeowners who have rented their property but consider a hands off approach to be the ideal situation. With this option homeowners can enjoy every aspect of the Full Service Property Management after your tenant moves in.
What Does Lease Assumption Include?
- Collection of rental payment
- Assessing and collecting late payment fees
- 24/7 response to maintenance issues
- Handling of Security Deposits in qualified Trust Accounts
- Accounting and tax services for your property(s)
- Court appearances in the event of eviction.
Fees And Other Considerations
This is a Full Service Property Management option that will allow Oak City Properties to take over the day to day operation of your investment.
The fee for this service is $300 and 8% of the gross rent per month after.
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Helpful Links
Want to Learn More About Real Estate Investment?
Our years of experience in real estate investment and property management have helped us to create ideal solutions no matter the situation. To help with your real estate investment journey, we create relevant blogs each month that address the topics that matter. Take a look at our resourceful and forward-thinking blog topics to learn more.
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Whether you’re thinking of flipping a house, are interested in real estate investing or remodeling your home, you may have run into the term ARV. This article outlines ARV and everything you need to know about your next real estate investment property.
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While tenant turnover can lose money, not increasing the rent can also be a financial drain. Landlords must understand how to tactfully and effectively raise the rent without losing the tenant. This article lists things to consider when raising the rent and how to properly navigate the process.
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There is one constant in real estate — the market is constantly changing. In this article, we discuss the current real estate market and how to handle the housing market trends during the later 2022 fiscal year.
Get In Touch
We’ve streamlined the experience of purchasing and owning investment properties through a trusted and reliable mindset built on decades of measured success. Our team of real estate and investment professionals are ready to help you manage your most significant assets through a hands-on approach that focuses on consistently generating results. Want to learn more about our commitment to effective real estate investing and property management? Contact us today.