The Property Source, Inc
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| Property Managers |
We manage Conventional or Section 8
Houses, Duplexes, Townhomes, Condos and Apartments in
Greensboro, Jamestown, and in High Point, NC
Advertising:
TPS advertises our rental properties by placing a sign in the yard,
and by marketing the home on MLS and the Internet.
Since we are Realtors, we place the home on the Rental Section
of MLS for other Realtors.
This website also feeds other websites.
We do not market homes in the Newspaper, due to a lack of success.
However, if you wish to use this form of advertising,
you may do so at your expense.
Another form of advertisement is our current and past residents!
How the Property is Shown:
Our office is open 6 days a week.
Monday thru Thursday, 10am to 5pm
Friday 10am to 3pm
Saturday from 12 to 3 (Currently Closed)
In the low season, we may close on Saturdays.
A prospect will visit our office with a valid state id,
fill out a guest card,
and leave a small deposit for the key.
The deposit will be returned when the key is returned.
We can refuse any showings.
Should an owner wish for us to accommodate any prospect,
we can do so for an additional $5.00 per showing.
Discrimination:
TPS will never discriminate against the 7 Protected Classes!
Race, Religion, Color, Creed, Gender, Family and Familiar Status.
However, we can discriminate against
Smokers, Prospects with pets, age, poor credit and/or a criminal record.
Prospect's Fees:
$35 Application Fee per Prospect
We process criminal and credit, verify income and employment.
We use a point system to qualify the resident.
The Application fee is paid by the Applicant and is non-refundable.
There is no administration fee.
Should you allow Section 8, there is no application fee
or application process.
This person is already approved for the Section 8 program,
and therefore approved by TPS.
Credit & Criminal Background Check:
Since we are members of the National Tenant Network,
we can go on-line and print out reports on each prospect.
We also verify income, employment, and
past rental history if any exists.
Once complete we will either deny or approve the applicant.
If we approve the applicant,
we will submit their information to you for Final Approval.
We then contact the resident to let them know their status.
Pet Fee:
Should you allow pets, we charge a $200 pet fee,
which is forwarded to you in its entirety.
This fee is due when the pet enters the home.
The pet fee is only required on cats and dogs.
We do not allow vicious breeds of dogs.
The maximum pets allowed is two unless the owner instructs otherwise.
Security Deposits:
The Security Deposit can be one month's rent or less.
This is placed in a non-interest Trust Account.
It can be used only at the end of the Lease Term
and is not the Owners Property.
The Security Deposit can only be used for unpaid rent or damages.
Should damages exceed the security deposit,
we will request/demand payment from the former resident.
When is Rent Due?
Rent is due on the first of the month, and late after the 5th.
On the 6th day of the month, a 5% late fee is charged.
Late Notices are sent and phone calls are made.
Evictions are performed on the 15th of every month
unless this is against the owner's wishes.
Maintenance:
Residents are to contact our office in writing or by phone for any maintenance. We will then send a
contractor to the property.
Should the contractor find that the maintenance problem was caused by the resident by misuse,
abuse or neglect, the resident will be charged for the repair.
According to the contract, TPS can fix anything under $250
without permission from the owner. In emergency situations
we can take any necessary steps to protect the property.
We have preferred vendors that we will use.
We will not allow any outside vendors
since this has only created problems in the past.
Management Fees:
A Flat Fee is charged while the home is vacant
and a Percentage Rate is charged when the home becomes Occupied.
The Flat Fee is $40 and the Percentage Rate is 10%.
In Addition to the Flat Fee or the Percentage,
Other Fees are:
Rent Ready Fee-$150 (When the home needs to be made Rent Ready!)
Second Disbursement, same month $10, only for owners with multiple properties
The Owner will need to make an Owner's Contribution
of $200, as well as fill out our New Client Form below.
New Client Form.
Click here for a W-9 Form
Houses, Duplexes, Townhomes, Condos and Apartments in
Greensboro, Jamestown, and in High Point, NC
Advertising:
TPS advertises our rental properties by placing a sign in the yard,
and by marketing the home on MLS and the Internet.
Since we are Realtors, we place the home on the Rental Section
of MLS for other Realtors.
This website also feeds other websites.
We do not market homes in the Newspaper, due to a lack of success.
However, if you wish to use this form of advertising,
you may do so at your expense.
Another form of advertisement is our current and past residents!
How the Property is Shown:
Our office is open 6 days a week.
Monday thru Thursday, 10am to 5pm
Friday 10am to 3pm
Saturday from 12 to 3 (Currently Closed)
In the low season, we may close on Saturdays.
A prospect will visit our office with a valid state id,
fill out a guest card,
and leave a small deposit for the key.
The deposit will be returned when the key is returned.
We can refuse any showings.
Should an owner wish for us to accommodate any prospect,
we can do so for an additional $5.00 per showing.
Discrimination:
TPS will never discriminate against the 7 Protected Classes!
Race, Religion, Color, Creed, Gender, Family and Familiar Status.
However, we can discriminate against
Smokers, Prospects with pets, age, poor credit and/or a criminal record.
Prospect's Fees:
$35 Application Fee per Prospect
We process criminal and credit, verify income and employment.
We use a point system to qualify the resident.
The Application fee is paid by the Applicant and is non-refundable.
There is no administration fee.
Should you allow Section 8, there is no application fee
or application process.
This person is already approved for the Section 8 program,
and therefore approved by TPS.
Credit & Criminal Background Check:
Since we are members of the National Tenant Network,
we can go on-line and print out reports on each prospect.
We also verify income, employment, and
past rental history if any exists.
Once complete we will either deny or approve the applicant.
If we approve the applicant,
we will submit their information to you for Final Approval.
We then contact the resident to let them know their status.
Pet Fee:
Should you allow pets, we charge a $200 pet fee,
which is forwarded to you in its entirety.
This fee is due when the pet enters the home.
The pet fee is only required on cats and dogs.
We do not allow vicious breeds of dogs.
The maximum pets allowed is two unless the owner instructs otherwise.
Security Deposits:
The Security Deposit can be one month's rent or less.
This is placed in a non-interest Trust Account.
It can be used only at the end of the Lease Term
and is not the Owners Property.
The Security Deposit can only be used for unpaid rent or damages.
Should damages exceed the security deposit,
we will request/demand payment from the former resident.
When is Rent Due?
Rent is due on the first of the month, and late after the 5th.
On the 6th day of the month, a 5% late fee is charged.
Late Notices are sent and phone calls are made.
Evictions are performed on the 15th of every month
unless this is against the owner's wishes.
Maintenance:
Residents are to contact our office in writing or by phone for any maintenance. We will then send a
contractor to the property.
Should the contractor find that the maintenance problem was caused by the resident by misuse,
abuse or neglect, the resident will be charged for the repair.
According to the contract, TPS can fix anything under $250
without permission from the owner. In emergency situations
we can take any necessary steps to protect the property.
We have preferred vendors that we will use.
We will not allow any outside vendors
since this has only created problems in the past.
Management Fees:
A Flat Fee is charged while the home is vacant
and a Percentage Rate is charged when the home becomes Occupied.
The Flat Fee is $40 and the Percentage Rate is 10%.
In Addition to the Flat Fee or the Percentage,
Other Fees are:
Rent Ready Fee-$150 (When the home needs to be made Rent Ready!)
Second Disbursement, same month $10, only for owners with multiple properties
The Owner will need to make an Owner's Contribution
of $200, as well as fill out our New Client Form below.
New Client Form.
Click here for a W-9 Form
Property Management Services
Please print this page from the Website and sign it:
_____________________________________________
Today's Date: _______________________
_____________________________________________
Today's Date: _______________________
*As of September 1, 2011 we will no longer put Utilities in our Company's name. For any Vacant
Homes, all utilities will need to remain in the Owners name until the Home is Rented.
Homes, all utilities will need to remain in the Owners name until the Home is Rented.
