EXIT REALTY CENTRAL

Property Management

870 Military Hwy, Suite 100

by Military Circle Mall

Office: 757-466-1009

Direct: 757-227-9007

My Exit Strategy for Getting your Home Rented

EXIT REALTY CENTRAL

Why Owners Rent Their House

• Temporary Relocation – Returning to Area

• Start or Build Rental Portfolio• Wait for Resale Market to

Improve or Delay for Tax or Financial Reasons

EXIT REALTY CENTRAL

Managing Your Own Rental

• Rent Only – 1 month’s rent– Pricing Assistance– Add in MLS with Pictures– Install Lockbox– Accept and Process Applications– You Select Tenant and Sign Lease

• But What if Problems Arise?

EXIT REALTY CENTRAL

Rental Portfolio

• Profit Motives– Rental Proceeds– Appreciation– Tax Savings – Deductions and Depreciation

• Improved Personal Financial Picture• Real Estate Historically Out-performs Most

Other Investment Vehicles

EXIT REALTY CENTRAL

Why Professional Management

• Knowledge of Local Market• Familiar with Laws & Changes• Objective Buffer from Tenant• Move-in/out Inspections• Emergency Repair Calls

EXIT REALTY CENTRAL

Professional Property Management

ClientService

Repairs Lease

TenantSelection

Marketing

Professional Management

EXIT REALTY CENTRAL

Better Marketing for Better Tenants

• Each home is given its own website!

• Talking tours

• Cross Linked Websites and Promotional Materials

• Higher then standard finders fee!

EXIT REALTY CENTRAL

Establishing Rent Price

• My Goal Is Your Goal• Factors: Season, Features, Location• Begin 60 Days Out• I Adjust Based On Results• You Set Lower Price Limit• Consider Negative Cash Flow Options

EXIT REALTY CENTRAL

Tenant Turnover

• Minimize Churn

• New Lease with Updated Provisions

• Start Marketing Early for Vacancies

• Move-out Inspection & Security Deposit

• Virtual Tours and Interior Photos as Needed

• Check Property While Vacant– Lawns in Summer

– Pipes in Winter

– Hurricane Season

EXIT REALTY CENTRAL

Tenant Selection

• I Screen – You Decide– Credit Checks– Employment Verification– Rental History Verification

• Number of Occupants• Pet Screening Criteria• 3 Ranges

EXIT REALTY CENTRAL

Residential Lease

• Lease Between You and Tenant• Tenant Handbook w/Customized Section• Professionally Written Lease

and Addendums• Property Specific Addendum• M:M Auto-Renew @ 120%

EXIT REALTY CENTRAL

Maintenance and Repairs

• Initial Inspection and Recommendations• Cleaning Required by Tenants

– Fireplace, Carpets, Gutters, Air Filters • Response Times Matter• Smart Scope & Trusted Contractors • Maintenance Limits

– $250 Spending Limit– Assist In Coordinating Large Repairs– 5% admin charge on repairs > $500

EXIT REALTY CENTRAL

Client Service

• ACH by 12th = Quicker Proceeds• Periodic Statement (with repair bill copies)• Regular Inspections

– Pre-marketing, City Required, Move-in/out, Vacancy, Signs of Trouble, Annual Pop-By

• Quick Action on Late Rent• Long Term Planning

EXIT REALTY CENTRAL

Help When It’s Time To Sell

• Not Shackled For Sale – I EARN Your Business

• Advice on Market Conditions• Sales to Other Investors• Grow Your Portfolio• 1031 Exchanges

EXIT REALTY CENTRAL

Attention to Client

• You Don’t Get Lost in the Crowd• I Answer Your Questions• Keep You Informed When I Have News

During Vacancies• Simple Straightforward Presentation,

Backed Up with Results

EXIT REALTY CENTRAL

Why Kisha Kelly and EXIT REALTY

CENTRAL?

• Centrally Located for All Citiesof Hampton Roads

• Communication with You• EXIT Upgraded Services• Dedicated Agent with PM Team Agents

EXIT REALTY CENTRAL

Simple Fee Structure

• Leasing Fee (50% of Month Rent)• Renewal Fee (25% of Month Rent)• No Additional Finders Fee!!• No Markups on Owner Mandated

Advertising• No Markups on Most Maintenance/Repairs• No Setup Fee, No Hidden Fees• Management Fee 10% of Collected Rents