Property Owner FAQs

Welcome to our Property Owner FAQs page! Here, you’ll find answers to the most commonly asked questions about our property management services. Whether you’re new to working with us or have specific inquiries about our processes, fees, or services, this resource is designed to provide you with the information you need. If you have any additional questions or need further assistance, please don’t hesitate to reach out to our team.

Get Started Now

How much does an eviction cost?

An uncontested eviction usually costs about $500, whereas a contested eviction can cost up to $2500.

How will you find tenants for my house? How long will it take?

We know the importance of answering the phone every time it rings, especially when it comes to renting properties. We answer the phone and show properties six days a week from 8:30am till 5pm. This is one of the reasons we have the lowest vacancy rate in Premier and the surrounding areas. Your property, along with photos, will be advertised on our website. It will also be posted on over 20 additional websites. A yard sign will be placed immediately as well. A Property Information Sheet will be prepared for your property with all the necessary information. It normally takes two to four weeks to rent a home. It sometimes takes longer in the winter. A home goes on the list of available properties as soon as we receive notice from the existing tenant.

How does Keyrenter Property Management handle evictions?

We are proud of the fact that we have an extremely low eviction rate. But when an eviction for non payment does come up we follow the following process. On or around the 7th of every month Keyrenter Property Management will post 3-Day Pay or Vacate notice per state law. After 72 hours passes we can file for eviction. We communicate and make final decisions with our clients regarding the eviction. When filing with the courts and pursuing an eviction, our legal counsel handles the process for you.

How much notice does a resident have to give before they can properly vacate a property?

Our lease provides that the resident give a minimum 30 day written notice that the lease will be terminated.

Why should I use a property manager to manage my property?

There are many reasons landlords hire property managers, below are some of the most common:

Landlords value their time and usually have full-time responsibilities outside of owning rentals property. As professionals, we manage rentals day-in-day-out; it’s what we do and we are great at!

Landlords generally don’t have a full understanding of local and federal laws and statutes. This lack of knowledge can cost a landlord thousands in costly mistakes. With a legal team and constant education and involvement on current issues, as a property management company in Arizona we are better equipped to solve complex situations. We understand and apply the correct federal, state, and local laws, keeping you and your investment out of trouble.

We know the local market, have an extensive network of contacts, and have advertising resources available to us at discounted rates. This allows us to effectively market your vacant home to prospective residents to get it filled.

DIY Landlords these days need be skilled in Advertising, Photography, Marketing, Sales, Repairs, Project Mgmt, Customer Service, Conflict Resolution, Legal Proceedings, and many other areas. Keyrenter is all that and more!

Do you provide financial reports?

At the end of each month, you receive an owner statement, which displays your beginning balance, cash in, cash out, and your net. When you download the full packet, you can find all the invoices and work orders associated with those expenses. In addition, our software system has a wide variety of reports, and we can automate sending out once per week/month if you’d like. Many of our institutional investors find it useful to track occupancy, income/expenses, and delinquency, for example.

Can I enter my property after it is rented?

We do not enter the property and recommend the owner not enter the property except for inspections, in emergency situations or when repairs have been requested by the resident. If you sign up for our inspection program, Keyrenter will conduct interior/exterior inspections of the property every six months. History has shown that repeated disturbances prompt residents to become unhappy and not be as willing to renew their leases. We usually try to give the resident 24 hours notice before we enter unless it is an emergency situation.

How can I be sure my investment is performing well?

Keyrenter Premier Property Management has partnered with Blanket, a service designed to give owners/investors a complete picture of your properties with all the data you’ll need – in one refreshingly simple place. You will have up-to-date information that matters most, like returns, home values, expenses, and overall performance. With Blanket, owners can: Real-time tracking of your property’s current value, equity, net cash flow, and performance insights. Have quick options to sell your property, even with a tenant, to like-minded investors. Discover new investment properties with detailed data like rental rates and expenses. Access services like financing, 1031 Exchange, landlord’s insurance, inspections, and more.

What needs to be done to my house before it is ready to rent?

The better condition that a house is in, the better quality tenant that it will attract. Your home must be left in professionally cleaned condition as the tenants will be paying a non-refundable cleaning fee. Your Property Manager prefers to arrange this cleaning to insure that the cleaning guidelines are strictly followed. The carpets must be freshly cleaned and all debris and personal belonging removed from the house. It is not necessary to paint automatically, but you should consider painting any room that has dirty or marred walls. A neutral color is best. Your Property Manager will be happy to discuss any necessary repairs or painting with you. Neutral window coverings such as blinds should be left, but not curtains that match a particular bedspread or couch. Tenants moving into a rental property do expect some sort of window coverings to be provided for privacy and safety. The tenants are generally requested to maintain the yard in the condition it is provided to them. Therefore, the yard should be freshly mowed, weeded, trimmed and the leaves and debris removed.

How does Keyrenter screen for credit and criminal history?

It’s all done through our integrated system with credit scores provided by Experian. The report provides details about credit, current open/closed/collection accounts, and their standing on each account. This also includes criminal history, sexual offender registry, landlord-tenant disputes, and a terrorist watchlist.

How are Security Deposits handled?

Keyrenter Property Management will require security deposits, usually an amount that is equal to 75-100% of one month’s rent, from all residents. These funds are held in escrow in a real estate trust account. Security deposits cannot be disbursed until the resident vacates at which time a disposition of funds is processed.

How does Keyrenter Property Management communicate with their owners?

We believe in prompt and thorough communication with our clients. Every staff member has their own telephone extension, voice mail, and e-mail. We send out monthly statements and have automated alerts and notifications in an effort to keep our clients informed. Below are some of the instances that we will initiate additional communication:

Leasing
Notice to vacate from tenant
Tenant move outs
Eviction Summary
Lease renewals
Extraordinary maintenance items

How do I pay management fees?

Management fees are deducted from your monthly equity distributions.

Can Keyrenter Property Management help me buy or sell investment property?

Yes, with Keyrenter Real Estate! We are constantly assisting our clients to either sell their rentals, or buy more investment properties. With competitive rates and innovative strategies, we guarantee to save you money and maximize your return! Give our real estate team a call today!

What does Keyrenter Property Management need to start managing my property?

In order for us to begin the process of managing your property we need the following:

Complete the online Owner Property Information Data form
Executed property management agreement with accompanying W9
Keys to the property, including mail box keys, if applicable
Garage door openers, if applicable
Certificate of insurance, with Keyrenter Property Management as an additional insured

Can I say that I do not want any pets or smokers in the house? How about children?

Pet owners are not a protected class. However, by eliminating them you are likely eliminating up to 75% of the people in the market for a rental house! Being open to pets does make your property available to more potential renters. Additional deposits for pets generally run $250 per pet. However, if you feel very strongly about this issue, we will agree not to show your property to anyone with a pet. All of our properties prohibit smoking, in the interest of protecting your investment, as well as the health of the neighborhood. Children come under the protected class of “familial status” and it is not possible to discriminate in this way. Our application forms do not ask number or ages of any children.