Let CRI Properties help you get the most out of your investment. Whether you’re a seasoned real estate investor or you are investigating using your current home to build wealth as a residential rental home, we work with our clients to ensure every step is covered.
For more than 25 years, we’ve been a trusted real estate partner in Eastern North Carolina. We’ve grown our business from the ground up, so we understand the importance of details, no matter how small. At CRI Properties, your investment is treated with the care and respect it deserves. More importantly, we treat you, our client, with respect.
Reach out today to discuss partnering with us to manage your property!. Call: (910) 455-2860
Our Property Management Services
CRI PROPERTIES is a full-service real estate firm dedicated to offering the very best property management solutions. Our services cover every facet of managing your investment property, including:
● Marketing your property to potential tenants
● Screening potential tenants
● Lease preparation
● Conducting property inspections
● Coordinating maintenance and repairs
● Collecting rent
● Coordinating all turnover activities
● Managing accounting tasks
● Selling your investment and maximizing your return
Our goal is to deliver unparalleled property management services, mirroring the standards we expect for our property investments. If you’re curious about our approach, continue reading.
Marketing Your Property
We ensure your property is presented to the best possible tenant candidates by utilizing various marketing channels, including the Multiple Listing Service, our company website, and other significant real estate platforms like Homes.com and Zillow, without additional charges.
Maintenance Coordination
Our team can coordinate all maintenance and repairs for you, or you can opt to arrange it personally. You will receive detailed invoices for any completed work alongside your monthly statement.
Inspection Processes
We conduct several inspections throughout the management period, including initial inspections to prepare the property for leasing, intermittent drive-by checks, annual inspections before lease renewals, and move-out inspections to assess any damage and necessary repairs. These thorough inspections ensure the property is maintained to a high standard.
Rent Collection and Financials
Rent is due on the first of each month, with a grace period extending to the sixth day. Late payments incur a fee and must be made with certified funds to facilitate quick processing. Our goal is to disburse your rental proceeds by the 10th of each month, assuming on-time payment. Our accounting practices include monthly statements detailing your property's financial activities, repair invoices, year-end 1099 tax forms and a year end statement detailing all annual income and expenses - Everything necessary for tax preparation!
Fee Structure for Property Management
We charge two primary fees to our property owners for our management services. The initial fee is a property management fee, which covers rent collection, handling tenant inquiries, coordinating necessary services and maintenance, and performing inspections as required. This fee is negotiable, dependent on the monthly rental income, but typically averages 9% to 10% of the monthly rental income. Owners with multiple properties or high income producing properties are eligible for reduced rates.
The second fee pertains to leasing commissions, applied per lease transaction. This commission is used both to compensate the agent whose customer rents your home and to reimburse our advertising expenses (Multiple Listing Service and a wide variety of other websites) to attract the best qualified tenants. This fee is 25% of one month's rent, and is deducted from the first full month's rental income.
Types of Properties We Manage
At CRI Properties, we primarily focus on residential properties, catering to the diverse needs of homeowners and tenants alike. Whether you're in search of your forever home, a rental home or seeking assistance in managing your rental property, we're here to offer comprehensive services tailored to your requirements.
While residential homes and townhomes are at the core of our portfolio, our expertise extends to various other property types, including apartments, condominiums, and townhomes. We understand that each property type comes with its unique set of challenges and considerations, and our team is well-equipped to address them all.
Whether you're a landlord looking to maximize rental income or a tenant seeking the perfect place to call home, CRI Properties is committed to delivering exceptional service and unmatched expertise.
6 Benefits of Working with a CRI Properties
Managing a property, whether it's a single-family home or a multi-unit apartment complex, can be a daunting task, requiring significant time, effort, and expertise. While some property owners may choose to assume this responsibility themselves, partnering with a reputable property management company like CRI Properties offers numerous benefits:
1. Expertise and Experience
We bring a wealth of knowledge and experience to the table. From marketing strategies to tenant screening, lease negotiations, and maintenance issues, our team has the expertise to handle every aspect of property management efficiently.
2. Tenant Relations
We build and continuously work to maintain positive relationships with tenants. This is crucial for both tenant satisfaction and property owner peace of mind. Property management companies act as intermediaries between landlords and tenants, handling communication, addressing concerns promptly, and ensuring a smooth rental experience for all parties involved.
3. Legal Compliance
We navigate the complex landscape of landlord-tenant laws and regulations. This can be challenging for property owners. Property management companies stay up-to-date with current legislation and ensure that all rental properties remain compliant, reducing the
risk of legal issues and potential liabilities. When legal issues arise, we will represent you in almost any small claims action.
4. Efficient Rent Collection
Timely rent collection is vital for maintaining steady cash flow and maximizing profitability. We make every effort to streamline the rent collection process, ensuring that payments are received promptly. We handle any delinquencies or disputes swiftly and professionally.
5. 24/7 Maintenance and Emergency Services
Property maintenance issues can arise at any time, often requiring immediate attention. With a property management company on your side, you can rest assured knowing that maintenance requests and emergencies will be addressed promptly, minimizing disruptions and preserving the value of your investment.
6. Cost Savings and Efficiency
While some property owners may view hiring a property management company as an additional expense, it can lead to significant cost savings in the long run. By leveraging economies of scale, efficient management practices, and professional vendor relationships, property management companies help minimize operating costs and maximize returns for property owners.
Work with Our Expert Property Managers in Jacksonville, NC
If you're a property owner seeking reliable and efficient management services, look no further than CRI Properties in Jacksonville, NC. Our team of experts is ready to assist you every step of the way, whether you need assistance with tenant screening, property maintenance, or lease negotiations.
Don't let the complexities of property management weigh you down. Contact us to learn more about how we can help you maximize the value of your investment or find the perfect rental property tailored to your needs. As always, your satisfaction and peace of mind are our top priorities.
