These expenses could be tied to maintenance needs, recurring expenses at the property, having utilities on during a vacant period etc.
For anything that needs to be handled at your property, we have the resources available to have the service performed.
If at some point you decide to move back in or sell your property and no longer need us to manage it, the monies in your Owner Escrow Account are disbursed back to you.
Again this is not a fee, it is money we hold for owners so that vendors are paid on time. Our experience has shown that when a vendor is paid on time, they perform faster and do quality work for a great price. All of which leaves everyone involved much happier in the end.
We can not use the tenant's security deposit to pay for any maintenance issues at the property. That is the tenant's money we hold in escrow until it is lawfully and properly disbursed to a party.
Also keep in mind that over half of the tenant base will own a pet. By placing pet restrictions on your property, this could result in longer vacancy times. We find that in most cases the loss in income from a longer vacancy is larger than those expenses tied to possible pet damages.