Leasing Services
Here is a brief description of what Investors Gurukul does to get your home leased.
Below is what we offer:
Marketing the Property
- Effective Marketing campaign.
- Post it to licensed agents in the nearby area.
- Install a professional TOLET sign
- Provide you with up-to-date activity reports every two weeks. (sample report)
Screening the Applicant
- Police verification
- Verify Employment
- Confirm previous Rental history
- Pull eviction reports
Move-In Procedures
- Review and sign the lease and housekeeping documents
- Perform Move-In Inspection
- Collecting Security Deposit
- Turn over keys to the new tenant
Procurement Fee & Guarantee
Procurement Fee
- Half month’s rent charged when your new tenant moves in (minimum 10000).
Guarantee
- Guaranteed an approved applicant in 45 days of being rent ready or we begin waiving management fees when tenant moves in.
Contact us today to get a Free Rental Analysis by submitting the form located on this page. Our team is available to discuss our Leasing and Managing services and answer all of your questions about getting your home leased quickly.
Management Services
When owners choose Investors Gurukul to manage their rental property they need to know that we have well developed systems to do the job right. We have categorized our management system into three areas; Fund Management, Tenant Management and Property Management. Below is a very brief overview of some of these services.
How We Manage Your Funds
- All funds (from all parties) go into registered bank account, which can be audited by at any time by authorized parties.
- Establish and Maintain Owner’s Rent Account ( If owner agrees )
- Electronic Owner Disbursements (and Cash Flow Statements) to all owners on the 10th
- Year End Cash Flow Statements for tax preparation
- Well established rent collection policy
How We Manage Your Tenant
- Our primary job is Enforcing the Terms of the Lease
- Collect Rent (E-check, Personal Check)
- Handle bounced checks
- Assess and collect late fees
- Managing eviction process
- Managing safety issues
- Handle move-out inspections and disputes over security deposits
How We Manage the Property
- Manage Normal Maintenance Issues
- Oversee Contractor Rehabs, Renovations, and Major Replacements.
- Pre-Screening Vendors & Contractors
- Performing Property Visits
- Schedule & oversee Preventative Maintenance Choices
- Oversee a Termite Bond program
Management Fee Structure & Guarantee
Fee Schedule (percentages are of the monthly rental amount)
- 8% if the rent is under Rs 20000 (Minimum management fee is Rs. 1000).
- 7% if the rent is above Rs 20000.
- 6% if the rent is between Rs 30000.
- 5% if the rent is between Rs 40000.
- 4% on any rent over Rs 50000.
Guarantees
- 100 % Money Back Guarantee: Within the first 90 days of our relationship an owner can withdraw their home from Investors Gurukul with 100% of the management fees.
Renewal Services
Your biggest expenses will take place during vacancies with rehab costs, lawn care, Painting, Plumbing etc, and no rent coming in. Our team is motivated to keep a tenant there when there is a renewal unless he is moving out of station or to his own house.
How We Renew Your Tenant
- When the tenant renews, there is a 10% rent increase
- Recommend ways to keep the tenant in the property
- Handle Negotiations between tenant and owner (if needed)
- Provide an up-to-date rental market analysis (if needed)
- Defined as any initial lease term signed more than 11months.
- Fee equal to Quarter of a month’s rent paid in the 12th month
- Defined as renewing an existing tenant past their initial lease term for another 11 month period
- Fee equal to Quarter of a month’s rent for a 11-month extension paid on the renewal date
- Prorated for a shorter or longer extension
Extended Lease Fee
- Defined as any initial lease term signed more than 11months.
- Fee equal to Quarter of a month’s rent paid in the 12th month
Renewal Fee
- Defined as renewing an existing tenant past their initial lease term for another 11 month period
- Fee equal to Quarter of a month’s rent for a 11-month extension paid on the renewal date
- Prorated for a shorter or longer extension