Our Property Management Services

• Place a Franklin Real Estate & Rentals for rent sign on the property.

• Advertise the property in local newspapers, and on our website.

• Feature the property on our rental list which is distributed daily from our office location.

• Accept applications and screen applicants, which include checking with past and present landlords, verifying employment and checking credit history.

• Draw a valid rental agreement, have the tenant sign the rental agreement, collect good funds, and deposit to Brokers Trust Account before giving tenants keys and possession.

• Conduct a move-in inspection with the tenant present.

• Perform a physical inspection of the property annually, or more when warranted.

• Present suggestions for preventive maintenance and/or upgrades to the property to the owner for evaluation and approval after each scheduled inspection.

• Do move-out inspections when the tenant vacates and take care of any necessary work that is a tenant incurred expense.

• Return security deposits to tenants within the necessary time frame of 21-days, which is required by law, less any deductions for repairs.

• Handle all necessary repairs by having the tenant call us with maintenance problems.

• Collect rent, pay expenses, and distribute Owners net, along with a monthly computerized statement of income and expense.  We also furnish a 1099 and year-end statement.

• Handle any late rents and deliver any necessary 3-day notices.

• We will also pay mortgage payments, taxes, insurance, utilities, and all other property related expenses out of the rent if so instructed by the owner

TENANT PLACEMENT ONLY

• Place a Franklin Real Estate & Rental for sign on the property.

• Advertise the property in local newspapers, and our website.

• Feature the property on our rental list which is distributed daily from our office location.

• Accept applications and screen applicants, which include checking with past and present landlords, verifying employment and checking credit history.

• Review all applicants information with the owner for final approval.

• Draw a valid rental agreement, have the tenant sign the rental agreement, collect good funds, give the tenant keys and possession, and owner contact information.

• Provide tenant a move-in inspection form to complete and mail a copy to owner.

• Forward the contract, security deposit and rent to the owner less service fees earned.

VACATION RENTAL

• Place a Franklin Real Estate & Rental Vacation Rental sign inside the property to be easily seen from a conspicuous window

• Advertise the property on our website and make available to other website locations at the owner’s discretion.

• Place the property on our vacation rental list, which is distributed daily from our office location.

• Make reservations and provide tenants with proper contracts, collect deposits and rental funds.

• Inform owners’ of each stay, professionally clean and inspect after each stay.

• Collect and distribute occupancy tax as required by the County of San Luis Obispo and the City of Morro Bay.

Our service fee for Full Management is 15% of the first month's rent to place a tenant and a monthly management fee thereafter of 10% of the gross monthly rent collected. There is an initial set-up fee of $50.00 to open the account.

Our service fee for Tenant Placement Only is 50% of the first month's rent plus an initial set-up fee of $50.00.

Our service fee for Vacation Rental is 20% of the rental   proceeds.  There is an initial set-up fee of $75.00.

We are open Monday through Saturday 9:00 AM to 5:00 PM. and we find good tenants.