Welcome to VIP!
Thank you for contacting Valley Insured Property Management, Inc. We hope to answer some of your questions about our firm and the general business of property management.
Our firm specializes in professional property management in all areas of the High Desert. Our management consists of residential, apartment complexes and commercial properties. We have a team of knowledgeable people representing the owner/investor and acting with his best interest uppermost in their minds. Our company is incorporated. All of our rental agents are licensed with the Department of Real Estate and all of our employees are bonded. We have been in business since 1982 and remain a highly successful and growing company in the High Desert.
What does a property management company do for an owner? Our duties consist of tenant relations, rent collections, complaint processing, maintenance problems, monthly drive-by inspections and record keeping. Financial and drive-by inspection reports are sent to each owner on a monthly basis. Our primary goal is the owners cash return. We endeavor to acquire tenants who pay rent in a timely manner, maintain the property well and occupy the rental for a long period of time. All prospective tenants are run through a credit check, criminal background check, rental history and employment history check.
Our management fee is 50% of the first months rent upon obtaining a new tenant and 10% of the monthly rent rate or 6% of total dollar amount of the lease term (1 year or more) and 10% of the monthly rent rate. This fee is negotiable on commercial/apartment complexes of more than 4 units. This would also apply to a single owner that places more than 4 homes with us. Each contract is individualized for the subject property/owner. No two properties are exactly alike and each needs special consideration. Many decisions must be made and agreements have to be reached concerning the rent schedules, owner’s cash return, advertising, etc. However, our competent staff is well equipped to help with all decision making fundamental to the protection of each owner’s investment.
Our full service company is geared toward relieving the owner of investment property of its management burdens. As managers, our role is to produce the highest possible net yield, consistent with good economics, for your property.
Our hours are Monday through Friday from 8:00 a.m. to 6:00 p.m. and Saturdays, 10:00 a.m. to 2:00 p.m. Our message manager is on at all other times and calls are monitored for emergency repairs after business hours and during holiday closures.
Again, thank you for contacting us. If you have any further questions, please let us know.
