RPM Hometown Hot Springs, AR Frequently Asked Questions
At Real Property Management Hometown, we believe in honesty and communication. We are eager and available to transition your property under our portfolio no matter the stage your rental may be in. Please schedule a time for us to chat at the link: https://calendly.com/cacriss/introductory-call
Here are some relevant FAQs that may be of aid to you in your search for a property management company for your Hot Springs property:
Our base price for our management fee is 10% of the monthly rent or a minimum of $80 a month. However, this fee is negotiable based on the location, condition, quality, and the number of properties you need managed.
50% of the first month’s rent. This fee is the price to do all the marketing, showings, and the time put in to properly vet your potential tenants.
Move-In and Move-Out Inspection Fees
No charge for move-in assessments – move-in assessments are covered under the management fee.
How much does it cost to get started?
We do not ask for any money upfront to get started with management services. All fees associated with getting started with us are taken out of the first month’s rent. Barring you don’t have any maintenance issues for months 2-12 you will only be charged your monthly management fee.
How frequently do you inspect the property while the property is occupied?
We highly recommend doing at least one property inspection while the property is occupied, but we offer up to two a year. These evaluations are optional. This is a detailed evaluation of how the tenant is treating your property; checking smoke detectors, air filters, water leaks, and ultimately ensuring that your property is compliant. These reports are sent to your owner portal for you to review at your convenience. This costs $150 per evaluation.
Do you prepare a 1099 tax statement? What's the fee?
We provide an annual cash flow (P&L) and 1099 and monthly and annual statements – at no additional fee.
What is the average cost of an eviction?
The average cost for an eviction can be anywhere from $500-$1500 depending on how long the process takes to remove the tenant from the property.
What is the length of our contract?
Our contract is one year. This automatically renews unless we are given a 30-day notice.
Who picks the tenants? How do you vet tenants properly?
Real Property Management Hometown chooses the tenants through a strict vetting process. Our tenant requirements are a net income of 3X the rent, no felonies, a credit report showing consistent payment (excluding medical and education loans), employment verification, verifiable rental references, and no bankruptcies in the last three years. Check out our lease guarantee in the section below!
Should I allow pets on my property and what fees are associated?
66% of Americans own pets, therefore we highly encourage owners to allow pets on their property; however, this is up to you! To provide you with more peace of mind we charge a $300 non-refundable pet fee for the first pet and $100 for each pet after that. This is in addition to the tenant security deposit and is guaranteed money for you to keep to; helping with any potential damages that may occur due to pet occupancy. Pet rent is $35 per pet which is kept by management to cover the additional time it takes to coordinate maintenance and pay for the additional liability we accrue to send our staff and maintenance into homes with pets.
Does your company have an internal maintenance team? Do I get to approve maintenance done in the home?
All work orders are assigned to our approved list of 3rd party vendors. These vendors have been vetted and are licensed and insured. The coordination fee of 15% above the work or $75 an hour for in-house maintenance performed. We have a sister company, PCR Construction, that is at your disposal for bigger remodeling projects if needed. We can take care of anything from a leaky sink to a full gut job. Our maintenance limit is $500, meaning that any work over that amount must be approved by you unless the work is considered an emergency repair.
How many properties do you manage?
We manage over 300 properties in Hot Springs, Hot Springs Village, Malvern, and Arkadelphia.
If I want to sell my property, do I have to list it with you or pay you a commission?
We have a sister company, Hometown Realty Company, which can help you in liquidating or expanding your Real Estate portfolio. We do not require you to list your property with us; however, If you choose to sell your property while under management with us, you receive a discounted commission if sold within our portfolio of clients. Make sure to get with our team of expert professionals to weigh the pros and cons of holding vs selling your investment property.
Why should we sign with you? See below…
Just a few items that set us apart from other management companies are the following.
- Locally Owned and Family Run
- AppFolio Property Management Software
- Tenant Liability Insurance
- We are a Property Management Company
- Communication Guarantee
- Village Mentality
- Review standing
Contact Real Property Management Hometown
Our property management strategy is guaranteed to save you money at every stage of the process. We make it easy to protect your investment, minimize costs, and maximize your income—without interrupting your daily life.