Welcome to Real Property Management Enterprises (RPME). We are a full service property management company all in one place. We can help with finding your perfect rental home or apartment in the Oklahoma City Metro area! We also offer home owner's management of your investment properties including maintenance, rent collection, HVAC, plumbing, electrical, cleaning, and lawn service.
Although Summer is in full swing and you may be planning another summer vacation, take some time to keep your home in order with these simple summer home maintenance tips.
Home cooling system
Summertime is synonymous with high temperatures so it is essential to inspect your cooling systems for optimal functioning. Check the A/C unit inside and out. Clean debris and make repairs if necessary. It is also sensible to hire a professional to assist with the inspection and repairs.
The next system to want inspect is the air filters for dust and debris build-up. Repair your air filters to increase their efficiency. If possible, replace old filters with new. In fact, the filter needs to be replaced every one to three months to enhance its efficiency. New filters will not only save you costs, they will help increase the air quality inside your home.
Clean and dust the ceiling fans to improve their functionality. In addition, reverse the ceiling fans so that they are rotating anticlockwise. That counterclockwise movement allows the fan to push fresh air down, which helps cool the room more efficiently during summer.
Leaks and water damage
To locate water leaks, start with checking the toilets in each bathroom for running or leaking toilets. Also, check your basement, sprouts, gutters and the attic for potential water leaks. Remove the lid from the tank of the toilet. If the toilet has a leak, it could be caused by corrosion. Hire a licensed plumber to arrange repairs or replace the toilet flapper or piping system. Besides the water systems, take time to clean walkways, drive ways and the deck as well.
Make sure your grills are clean before you start the party. Clean charcoal grills using not water and soap. Thoroughly scrub the surface and rinse with warm water. Give the grill room to dry before using. For gas grills, brush the surface while the lid is closed and the grill is cold.
Rental history is very important when it comes to searching for the right and suitable apartment to rent. It is one of the screening items landlords use to decide whether to accept or reject your rental application.
Rental history is essentially the information about your past rental arrangements. This may include late rent payments, evictions, former addresses, criminal history and credit score. Having the history at hand puts you at a better position to secure residency at your dream apartment. It is to renting what credit score is to a bank loan. A positive rental history means you are more likely to get approval. A negative report, on the other hand, may result in having your application denied.
A rental history report give you a clear view of what your past rental arrangements look like so you can take measures to improve. You can even have the negative items removed from your report before you apply for new residency.
How to Check Rental History
You can retrieve your rental history report whenever you want at My Rental History Report. You’ll be required to pay a small amount to get this background report, but ultimately it will help you save significantly in your rental situation. Remember, this is the same report that you landlord will get from these software providers about you, so it’s important to analyze it carefully to ensure everything on it is accurate. If you notice any errors, be sure to dispute them and have the report corrected.
In some cases, you’ll find that there are too many negatives than positive—things like missed rent payments, late payments and evictions can greatly impact your report. Unfortunately, you cannot do anything to have these negative items removed from your report. However, it is advisable to be open and honest with a would-be landlord upfront and explained what you’ve learned from these past experiences. Taking this proactive approach can go a long way towards improving your rental living situation.
If you are interested in leasing a OKC rental property, visit Real Property Management Enterprises today. Your best choice for property leasing in the Oklahoma City area. Keep in mind the importance of rental history as you begin the journey of leasing a property.
When making renovations to your Edmond rental property, there are important things you should know to avoid making costly mistakes. You may think that you know everything that you need to know, however you probably don’t. We have come up with some valuable Edmond Rental Home Renovation Mistakes that many DIY Landlords make.
Not evaluating returns on investment
Many rental home renovations cost thousands of dollars but won’t increase the value or appeal of your property. Only invest in renovation projects that give a good return on your money.
Not having a budget
Without a budget, you are likely to run out of cash in the middle of the rental home renovation project. The project might also get more expensive as it progresses. Always have an estimate of the costs before you start the project. Also, give room for an extra 10% or 20% in cost overruns.
Upgrading unnecessary components
While it may look great to upgrade as many details as possible, it is important to consider the resale value of the property too. Some upgrades are short-lived and may become unnecessary in the long-term. Focus on components that add long-term value to your home, such as flooring and lighting.
Not evaluating contractors properly
When you select your contractor, interview as many as you can and to verify the references and credentials. Make sure the contractor you’ve selected understands what you want. They should also be licensed to do work in your home. A good contractor not only guarantees quality but also offer warranty in case things could wrong.
Selecting appliances last
For better renovation outcomes, choose appliances first to make the overall design will fit the appliances. For a kitchen renovation, consider the “work triangle” between refrigerator, sink, and stove to maximize space and enhance functionality.
Buying cheap materials
When it comes to rental home renovations, do not economize on building materials. Select high-quality materials that are durable so you won’t have to replace within a year. In addition, by materials only when the project plan has been finalized. It is the old saying “You get what you pay for”.
Important Moving Tips from Oklahoma City Property Management
It’s no secret that moving an entire household can be stressful and complex. Here are important moving tips from Oklahoma City Property Management – all to help you have a smooth moving experience.
Before beginning to the packing process, sort out everything and make sure unused or unnecessary items are removed from your home. This will ensure an efficient and stress-free packing. In addition, make sure TVs, quilted blankets, antiques, and other delicate items are well packed in boxes for safe storage and moving. Label all packed boxes for easier packing and unpacking.
Sort items by category
It is always important to pack ahead of time. Save yourself time by organizing your belongings by category. Pick up and Sort every item of clothing you own then do the same for shoes, books, electronics, and other important items. If you have some items you no longer want, this would be the best time to donate or sell them.
Choose a professional moving company
Once you have all your items sorted research and select a licensed moving company to help with the relocation process. A moving company is well equipped to handle the household moving process and ensure you have a peace of mind. Make sure you choose a reputable company with excellent customer service for the best moving experience.
Pick the right day to move
Moving companies are busiest on weekends, so it would be best to make an appointment during the week. Also, plan your moving in advance by taking into consideration possible weather conditions and traffic snarl-ups.
Map out your entry route
Whether it is for a short distance or long distance relocation, it is important to figure out the easiest, most efficient way to get there. You don’t want to waste a lot of time sitting in gridlock traffic or taking several stops because you didn’t make a plan.
This winter season isn’t completely over but you can still keep your home warm with these budget-friendly do-it-yourself quick fixes for windows.
In order to remove drafts from your windows consider, weather stripping or even replacing your windows. Apply weatherstripping window film and caulk to prevent heat loss around doors, windows, and baseboards. V-type weather strips fit against the side of the window and form a seal to prevent cold air from entering. Foam weatherstripping is easy to install but last only one to three years.
If you are on a tight budget consider using a draft snake (draft stoppers) to stop cold air from creeping through the windows. To make a homemade snake, fill a tube of fabric or old knees sock, with dry rice. Snakes can be placed at the bottom of the window to act as blockers against drafts.
For basement and attic windows, cover the panes with a piece of foam board glued to drywall. Cut pieces of rigid foam insulation and fit in between the sections where the window meets one another, where the window meets its frame, and where the frame meets the wall.
Insulating window film can help retain up to the 55 percent of your home’s heat during winter. Simply stretch the plastic film over the window, and then use the heat from a hair drier to shrink the film around the edges and seal out air leaks.
Hang insulated curtains
You want as much natural light as possible to enter your home and keep it warmer during the day. Keep thermal curtains open during the day but remember to draw them close at night to keep the warmth in. another excellent way to insulate your home and avoid heat loss is to install double-glazed windows instead of regular windows.
Ways Renters Can Show Proof of Income without the Standard Pay Stub
While standard pay stubs have been the most effective way of verifying renter’s income, they are not the only method. Other Ways Renters Can Show Proof of Income can be found below. Please make sure to double check these with your Oklahoma Property Management Company first as they can vary.
Employment verification letter
Most landlords accept an employment verification letter as valid proof that you have the financial means to consistently pay your rent on time and in full. A letter from your company’s HR department stating the nature of the business, length of employment, salary hours worked, etc, is a viable proof of income.
Signed official letter
In case you’ve been offered a new job, simply provide documentation of your new employment stating your salary. This is another viable option especially for renters who have just graduated from school or are still in graduate school.
W-2, 1099, and tax returns
A W-2 Wage and Tax Settlement can also be used for verification of your income. For freelancers, entrepreneurs, and contract workers, a 1099 form, with or without tax returns, is sufficient to prove income.
Official statement/ letter from CPA or trust manager
For self-employed tenants, an official statement regarding your annual income from your CPA or financial manager can also serve as a proof of income. The letter should provide income statements from last year as well as projected income.
In cases where a renter does not have pay stubs, some landlords accept printed banks statements as proof they have enough money to pay for the apartment.
College financial statements
College students who receive financial aid to pay for living costs can provide this information as proof of their financial history.
Having a guarantor can also help you in proving your income to the landlord. A guarantor is an individual (family member or close friend) who promises to pay your lease if, for some reasons, you are unable to.
For seniors living independently alone in your own homes, it is important to ensure the s security of your home and keep yourself safe. The elderly safety tips below will help you maintain independence and security while you enjoy living alone.
Stay in good health
Seniors who live alone are at greater risks of suffering injuries if they fall or slip and there’s nobody around to help. For this reason, seniors should stay as healthy as possible through exercising, eating a healthy diet and leading an active social life.
Have a close circle of friends
Senior isolation is dangerous for seniors who live alone. It can lead to depression, poor health and worsening of other conditions. Always maintain an active social life especially with friends and relatives.
Keep medication reachable
Specialists recommend that seniors who live alone keep extra medication on hand in case they unexpectedly run out. This helps to prevent frantic trips to the pharmacy and ensuring that running out prematurely does not lead to disastrous outcomes.
Keep home in good condition
Exposed cords and slippery stairs can cause preventable hazards to seniors who live alone. Always keep your home in good condition to prevent such hazards. Also, avoid having dense vegetation or shrubs between houses or beside entrances.
Lock doors and windows
Reduce the risks of break-ins or burglary by making sure the doors and windows are locked up when nobody is home. This safety measure helps to keep seniors safe and at peace.
Install an alert system
Senior alert systems can be very helpful for seniors who live alone. In the event of an accident or break-in, the senior just presses a button (usually worn on a necklace) to call for help.
Install a home security system
It is a sensible idea to install a home security system to keep your loved one safe and secure. Security systems such as motion sensors to exterior lights can deter intruders from targeting your home thereby providing safety to your parents.
If you are a older adult and choose to rent a property or your renting a OKC lease home for your parent or parents, it is a must to know these elderly safety tips to keep your loved one safe.
At Real Property Management Enterprises, we work hard to make the OKC property owner and the the tenant feel welcome. But today, we will focus on how to make tenants feel at home. In welcoming new tenants moving in, landlords or property management companies can make the experience more fulfilling by providing delightful welcome packages.
A thoughtful welcome package such as a gift card or parking information can go a long way at making new tenants feeling appreciated and happy to move into their new home. Tenants or Residents want to feel valued and respected, so connect to their emotions using tactics such as sending a thank you note, having maintenance done on time, asking tenants what they would value at renewal and so on. Tenants will also be more willing to promote your business through word-of-mouth along with becoming repeat customers.
When new tenants move in, provide them with everything they need to get settled. Remember: Try to make the Tenants Feel at Home by smiling and being welcoming yourself. Also other things can include:
Rent payment information – make sure tenants have all the information regarding how, where and when to pay rent.
Trash disposal, laundry, and mailboxinformation – save the tenants a headache by providing details about where to put trash, where the mailboxes are and how to use the laundry.
Parking information – does your apartment offer parking? Make sure new tenants know which space is theirs and what guidelines are in place.
Emergency and maintenance information – have emergency contacts printed and easily accessible at via the vestibule of the apartment
List of utility companies with contact information – includes electricity, gas, cable etc
In addition to the above useful information, you can enhance your tenant’s welcome package by offering the following:
A supply of toilet paper and soap to aid in cleaning and dusting the place
Laundry money to help them kick start their laundry
A shower curtain liner to use while they unpack
Some basic cleaning supplies such as sponges, wipes, detergent etc
Gift cards to restaurants, where they can get free or discounted meals
Local guidebook especially if the new tenants are moving in from a different town
If you are a resident in a Oklahoma City rental property, it may just be the best thing you can do to get renter’s insurance. Renters’ insurance can start at just $20 per month but it can financially protect yourself and your possessions against losses.
Renter’s insurance exists to protect your belongings against bad events such as water damage, lightning, fire, smoke, windstorms, theft, and vandalism as listed in the policy. Every policy is different, however you can choose the policy type you want.
Landlord insurance doesn’t cover your belongings. Landlords are covered with their homeowners, but not for you – the renter. In the event of fire, flood or hurricane, your landlord’s insurance will not cover your belongings. If for instance, fire damages your home, replacing your clothes, electronics, furniture and other belongings are strictly your responsibility.
If your belongings are damaged because of a burst water pipe, you won’t get any compensation through landlord’s insurance policy. Similarly, if someone breaks into your home and steals your belongings, the landlord will be able to pay for the damages caused by the burglar to the property but you won’t get any compensation for the items that were stolen.
You also need renter’s insurance for the following reasons:
To cover your temporary living expenses
If your place becomes uninhabitable due to a disaster and you need to find somewhere else to live temporarily, renter’s insurance will cover you for that. The policy includes “additional living expenses” that is used to reimburse you for extra expenses incurred like the cost to stay in a hotel or rent another apartment.
To cover medical expenses for injured guest
Renter’s insurance provides a medical coverage in the event a visitor is injured in your home during the disaster. This policy can be used to pay medical bills for injured visitors at your apartment.
To cover damage to others
A liability insurance to cover injuries or damage you or your family cause to others is also included in renters insurance. This means that in the event your kids break or damage a neighbor’s rare antique, the policy could pay to replace it.
If someone gets injured while in your home or you accidentally hurt somebody, and you are sued, renter’s insurance provides a liability coverage that will pay for legal costs and court awards. The amount of liability insurance depends on your policy’s limit.
In any case, check into renter’s insurance if you plan to rent a property. It might just save you money in the long run.
When screening new tenants, it is important to verify their income in order to protect yourself from losing money in case the tenant for any reason is unable to pay rent.
Having a proof of steady income that is enough to pay the rent can reduce the risk of losing money during eviction. It also helps to ensure the tenant does not lose their home because of eviction. So what do you look at when verifying tenant’s proof of income?
3x income rule
Apart from stable source of income, landlords also take into account tenant’s gross yearly income which should be three times the rent of the apartment. However, you can make exceptions to this rule if the potential renter has good credit or steady work history. By looking at a few pay stubs, you can establish if a potential renter has the financial capacity to rent your apartment. This is only possible with salaried and freelance workers who have filed W9s forms. A W2 or 1099 can also provide an indication of the potential tenant’s ability to pay rent on time and in full.
If a potential renter works on cash-only basis, you can conduct employer verification to get clear picture of their finances. In cases where a potential renter has just changed jobs, ask for a copy of their offer letter to verify their salary.
Some landlords use tax returns as sufficient proof of income because a tax return indicates what an individual made the previous year.
Social security statement
For retirees, a distribution statement from social security, a retirement fund or a pension fund can be used to verify the income. Students without salaried jobs can prove their income by providing information about financial aid or by finding a consigner, usually a parent or guardian.