Schmidt Management & Leasing, Inc. - Property Management Specialists in Traverse City

OUR SERVICES
Schmidt Management & Leasing, Inc. provides a complete line of services for the property owner/investor and vacation home owner, including:

Leasing coordination

Physical management

Construction management

Tenant reference research

Tenant communication and negotiation

Security and maintenance management

Property improvement recommendation and management

Marketing of property

CONSULTATION SERVICES
Consultation services with property owners are also provided, including rent research, market analysis, and state code compliance information.

LEASING AND PROPERTY MANAGEMENT SERVICES

Set rents correctly to gain maximum occupancy and income.

Schedule advertisements in local newspapers.

Interview and screen prospective tenants.

Negotiate rental terms with prospective tenants.

Secure the tenant.

Lease package is executed; a commencement inventory, security deposit form, and EPA Lead Warning paperwork are provided and completed per State of Michigan and Federal regulations.

Security deposit is held in a bank or other regulated financial institution.

Collect rents from tenants and disburse net proceeds to owner.

Contact service personnel for repairs and maintenance.

An emergency phone number is provided to tenants for any unforeseen emergency situation that may arise.

Recommendations for improvements and housekeeping that will keep the property competitive in the rental environment in our area.

Agent administer lease renewals, renegotiations, and when necessary, terminations.

Agent fills out a termination inventory form and an itemized list of damages upon tenant vacating the premises.

Agent reimburses Security Deposit, withholding any damages.

Agent recommends a rent increase when appropriate.

Agent executes a 7-day Notice to Quit for Non-Payment of Rent and/or a 30-day Notice to Quit for Termination of Tenancy, if necessary.

PROSPECTIVE TENANT SERVICES

Show the rental property.

Help the tenant work within a reasonable budget.

Advise tenant of their legal rights and obligations as a tenant.

Provide an atmosphere for both the landlord and tenant to understand the matters at hand, which will encourage a good and pleasant relationship.

Remain non-discriminating due to a person's race, color, religion, national origin, sex, marital status, age or handicap.

Provide all copies of all leases, security deposit forms, and commencement inventory forms.

Inspect the premises prior to the execution of any tenancy to determine the residence habitability at that time.

Provide a copy of the previous tenants termination inventory checklist when applicable.

Provide a termination inspection of the premises within a reasonable time period as to not hold up the return of the security deposit or other termination requirements.

To keep the rental premises in a state of reasonable repair with owner's consent to certain items of repair, maintenance, and improvements.

Provide for all negotiations between tenant and landlord.

Provide an office location to deposit rent checks and any other correspondence during reasonable working hours.

Provide an emergency phone number to the tenant for any unforeseen emergency situation that may arise.

Schmidt Management & Leasing, Inc. has a strict tenant application process. To be considered as a tenant, we require all applicants to provide the following:

Each applicant will need to fill out our 2-page rental application.

Applicant is required to provide a credit report, which may be obtained through Schmidt Management & Leasing, Inc., a member of the Credit Bureau of Traverse City.

Applicant will also need to tender a security deposit in the amount of one and one-half (1-1/2) times the gross monthly rent (as per Michigan C.L. 544.604 MSA 26.1138 section 2, Security Deposits).

The security deposit payment or deposit may in some cases be negotiable as far as payment or amount. However, each individual case must be reviewed by the manager and decided accordingly.

We have provided you with the basic rule of screening tenants. We will be happy to help a tenant find suitable rental property and will work with them to the best of our ability as for as qualifying them, the term of the lease and other tenant concerns.