what we do for you as your property manager
IIP Management offers professional and expert services for investors and homeowners all over the world who entrusted IIP Management with care of their rental properties.
We Manage: Homes, Condos, Multi-Family Buildings
Our property management services include on-going communication, marketing and advertising on over 20 leading sources, tenant screening and placement, cost-effective maintenance and repairs, emergencies, full service leasing, timely rent collection, inspections, strict and compliant evictions and comprehensive accounting.
Marketing & Advertising
Each day, week, month the property is vacant, it’s money out of our your pocket. We spend thousands of dollars every month to advertise vacancies to get them filled - FASTER. Your property gets advertised on over 20 different locations on the internet at once. This gives you optimal exposure and more quality applications. We use the most accurate data available to determine the best rental rates for your property and provide you with expert advice on what will get you top dollar on your rental and attract great tenants.
Tenant Screening & Selection
Placing unqualified tenants results in vacancy and turnover. We try to avoid this at all costs and ensure that tenants are screened thoroughly before the application is approved. Every tenant applicant is evaluated based on credit, national criminal background, employment verification and rental history. We complete a comprehensive underwriting screening that calculates applicants’ actual debt to income ratio to ensure that your property is affordable to the household. We comply with all applicable laws, including Fair Housing and Fair Credit Reporting Act.
Full Service Leasing
Our leasing approach handles the entire lease signing process using our professionally prepared leases and ensures that all proper contracts are executed correctly. At the same time, all rents, security deposits and any other move in fees are collected in accordance with local legal and financial regulations and recorded in your online account. With an approved application, we conduct the lease signing, move in inspection and handle the entire process with the move in.
Tenants have a variety of ways to pay rent on time, so you can get your money as quickly as possible. All tenants have access to online tenant portals to see their up to date statements, notifications, payments and much more to make the process easy for them as well. Our collections processes are professional but tough while treating each tenant respectfully and fairly, as a positive relationship with the tenant leads to timely rent payments and better care of the home.
Cost effective 24/7 Maintenance Service
When IIP Management handles maintenance, we save you time and money and ensure repairs are complete in a professional matter by our trustworthy maintenance personnel. We work with a variety of subcontractors along with our in-house maintenance team who handle maintenance service calls 24/7. We approach this very carefully when assigning vendors to jobs, since we understand that high maintenance costs can greatly impact the return on your investment. Our goal is to minimize these costs and maximize your investments while ensuring that your property gets the care it needs.
Rehab & Renovations
If you are a new investor looking to purchase a rental property in the Cleveland market, we also offer rehab and full renovation services. This is a great approach as the property goes through renovation by our professional project managers and then gets handed off to leasing without delays. Having everything under one roof makes this process smoother and faster.
Even with careful and thorough screening during the placement process there is occasionally a tenant who needs to be evicted. Our team is extremely knowledgeable in this process and they work hand in hand with our attorneys to initiate proper steps necessary with the court if the tenant fails to pay rent or violates the lease agreement terms. This process is done in the fastest possible time-frame permitted by law in order to minimize your costs and get the property leased again.
At IIP Management, our goal is to make every effort to keep you informed about your property. We provide a secure online account that can be accessed anywhere, anytime for you to view your financial statements and documents. We have a dedicated client representative that deals with communications - so it’s very rare that you will have to speak with different people to get your answer. Everything is done through one representative to avoid miscommunication and a very organized process.
Accounting & Reporting
Our accounting software is web-based and centralized, which means we can access it anytime, anywhere. This all-inclusive accounting and reporting system provides itemized statements, rent rolls, income statements and much more. IIP Management provides each owner client a password-protected online owner portal for easy access to financial reports any time you need them. Your distributions of income are automatically deposited to your bank account monthly, quarterly or annually - whatever you choose.
Our service also includes preparation of your year end 1099.