THOROUGH PROPERTY EVALUATION
Richter & Associates, Inc. will establish your property's fair market
rental value. We assess each property's condition, and recommend needed
repairs and decorating changes. Your Property Manager will also offer
suggestions to maximize your property's rental and/or sale value.
ATTRACTION OF QUALIFIED TENANTS
Richter & Associates, Inc. handles all advertising, promotion, and showing of your property in a variety of media. Your property will be accessible to tenant prospects not only locally, but worldwide through several popular websites such as Zillow, Realtor.com, Trulia, Facebook, & more! We maintain a large pool of potential tenants in the market for properties such as yours. A number of relocation companies and major corporations stay in touch with us to speed the placement of their employees into new residences in our area. All tenant inquiries come through our office, whether by phone, mail, e-mail, or walk-in.
CAREFUL TENANT SCREENING AND SELECTION
Richter & Associates, Inc. Property Management Professionals have extensive
experience and success in judging qualifications of tenant applicants. We conduct
thorough reference checks through credit reports, former landlords, and employers.
Our detailed rental application forms disclose thorough information on your
prospective tenants. An in-depth interview is held with each tenant applicant;
we ask the hard questions so you don't have to. Our record of selecting excellent
tenants is outstanding.
USE OF COMPREHENSIVE LEGAL FORMS FOR YOUR PROTECTION
The purpose of legal agreements is to cover all important areas and protect
all parties involved in leasing property. Our comprehensive leases are based
on years of experience, and comply with all relevant state and federal laws.
Our procedures include use of all necessary forms for handling security deposits
and legal notifications to tenants. The forms used by Richter & Associates, Inc.
comply with the Security Deposit Act and Truth in Renting Act. As the laws change,
we protect your interests by updating our forms and agreements accordingly.
PROVISION OF RENT COLLECTION SERVICES
Our rent collection policies are fair but firm. We take quick action should
delinquencies occur in prompt payment of rent. Your tenants answer to your
professional Property Manager when firmness is required; you are spared
COMPLETE SECURITY DEPOSIT HANDLING
The maximum security deposit is collected from all tenants for your protection.
Your deposits are held in our broker trust account, subject to State supervision.
All tenant forfeits and damage claims are in conformance with State Security Deposit
COMPREHENSIVE ACCOUNTING SERVICES
Our accounting and record keeping systems are totally electronic with state-of-the-art software and hardware for accuracy and efficiency. Richter & Associates, Inc. maintains all your security deposit accounts and records. You receive electronic monthly and yearly income and expense statements, along with direct ACH deposits. Complete income property tax records are provided to you at year end. Along with 24 hour access to our owners portal so those documents are available whenever you need them.
PERIODIC AND TRANSITIONAL PROPERTY INSPECTIONS
An initial inspection is done with each tenant's check-in. Richter & Associates, Inc. conducts routine periodic and spot-check inspections. When tenants move out, a Termination Inspection is conducted. A complete time-stamped and recorded video library is maintained on all properties to verify conditions. We protect your property by keeping a close watch on it for you.
REPAIR SERVICES AND MAINTENANCE CONTRACTING
Richter & Associates, Inc. is a licensed building contractor, with our own handyman,
maintenance technicians on staff or under contract. We handle those "nuisance" calls
that come from tenants at all hours. We're on call for emergency repairs 24 hours a
day. Through experience, we have built a pool of qualified, reasonably priced local
subcontractors to call on as needed. Our volume of business has allowed us to negotiate
the best prices for you with carefully chosen suppliers and subcontractors.
AVAILABLE AUXILIARY SERVICES
In addition to our fully qualified and staff property management service division,
Richter & Associates, Inc. has the following additional service divisions available
to assist you.
- Property maintenance and repair division.
- Income tax consulting and tax return preparation.
- Real estate investment consulting services.
- Real estate purchase and sales evaluation.
- Seller's resources include a large pool of potential investors, and complete Multi-list service at very reasonable rates.
- Buyer agency representation.
AN ESTABLISHED REPUTATION FOR FLEXIBILITY, INTEGRITY, RESPONSIBILITY, AND CONSCIENTIOUS SERVICE
Richter & Associates, Inc. is respected nationally in the real estate industry for our professionalism
and integrity. Our services can be tailored to best serve your individual needs. We will make investing
in real estate and landlording a pleasant and profitable experience for you.
Farmington Area Information
Farmington is a city in Oakland County of the U.S. state of Michigan. It is one
of the northern suburbs of Detroit. As of the 2010 census, the city population
was 10,372. It is surrounded by Farmington Hills, except for a small portion
bordered by Livonia to the south. Since 2009, the city's downtown has been
the center of an extensive renovation and remodeling featuring a refacing or
rebuilding of many buildings on Grand River Avenue, as well as brick paver
sidewalks, the Farmington Pavilion, new lighting, and landscaping. The area
is known for its historic downtown, elegant Victorian-style homes, and one
of Michigan's top rated public school systems, Farmington Public Schools.
In 2007 CNNMoney.com listed Farmington as number 55 in its Best Places to Live
survey. Farmington was also ranked 27th on the list for Best to Live in 2013,
citing nearly US$3 million in additional city renovations and development,
bumping its rank up.