For many, this may be the first time you need to or have considered hiring a Property Manager. We understand this. The information below is provided to help you understand how we do business and how we serve you.
As an owner, expect to receive your proceeds electronically in your bank account of choice by the 10th of every month, barring a bank holiday.. Variables will be (1) when your tenant pays the rent, and (2) how long your bank takes to process and post the deposit to your account. Want to sleep better at nite? Recommend having at least one month's mortgage payment in reserve. We understand and are sensitive to the fact that it is important that you receive your proceeds as soon as possible.
You will receive a monthly statement. Expect to receive your monthly statement by the 15th of each month. When your monthly statement is ready, you will be notified by email.
Additionally, the Internal Revenue Service (IRS) requires we provide you with an annual 1099 documenting the amount of rent we have collected for your rental home. Expect to receive your 1099 in the mail on or before February 1st. Perhaps in future years we will be able to electronically email your 1099, but for now, we are required to mail owners their 1099 via the US Postal System. We do electronically file identical copies of those owner 1099's with the IRS as required by law.
The marketing of your rental home can include:
(A) Internet advertising. We use a "Network Of Sites" technology to advertise your home on the internet. We advertise your home on an extensive network that includes but is not limited to: to: www.Zillow.com, www.Trulia.com, www.HotPads.com, www.FreeRentalSite.com, and our main website www.sshdtc.com/.
Advertising your home is not limited to these websites. Many of the sites above actually feed into other sites displaying information on available Rentals. A good example is www.USAA.com - a major "insurance" company used by many active duty, retired military members and their families. This site displays available rentals on its website using a HotPads data feed.
(B) Signage. We will place a Stars & Stripes Homes DTC, Inc. sign in your yard or window as appropriate.
Yes, Stars & Stripes Homes DTC, Inc. is in good standing with the BBB. Click to see our rating HERE.
We do. Prospective tenants complete our online application and submit an application fee. Please review our Rental Criteria here. We conduct background checks on general information (previous landlord, employer), verify income, history of bounced checks, and check for derogatory information such as police records, arrests, bankruptcies or foreclosures.
Experience over the years has taught us that properly screening tenants is the most important step in successfully managing your home. Our screening process is accomplished via Experian - one of the three major credit bureaus in the United States. The Experian report we receive includes an applicant's FICO score and available police reports.
All of our Property Managers are full-time, licensed, and insured brokers and realtors. Typically, each Property Manager manages between 50 and 125 homes. They:
Colorado Eviction occurs when the court enters an order for the tenant to vacate the home. This order is enforceable only by the sheriff. It allows the sheriff to monitor the removal of the tenant and their property from the premises. As in most states it is never legal for a Colorado landlord to evict a tenant without a court order.
When a Colorado Tenant Does Not Pay The Rent:
Before filing a suit to evict a tenant for nonpayment of rent, the landlord must post a written, signed demand giving the tenant the choice of either paying the past due rent or moving out within three days. In computing the period of days the first day is excluded. Therefore, the three day time period begins the day following the posting. The notice must be posted in a conspicuous place on the premises. After the notice has been posted and if the tenant has not paid the rent or moved out within three days, the landlord need not accept the rent and may file an eviction suit at your local Justice Center. The time begins running whether or not the tenant discovers it posted. Also the time continues to run regardless if it is a Saturday, a Sunday, or a holiday. The tenant's legal right to this three day notice prior to eviction for nonpayment of rent cannot be taken away by the language in a lease.
When a Tenant has Broken A Condition of the Lease:
Before filing a suit to evict a tenant for noncompliance with lease conditions, the landlord must post a written, signed demand in a conspicuous place for delivery of possession of the premises. The notice must state the reason the landlord believes the tenant is in violation of the lease and give the tenant three days to either move out voluntarily or correct the violation. (Noise violations are particularly difficult issues for both landlords and tenants regarding eviction.) After the written notice has been posted and if the tenant has not moved out by the end of the three days and has not corrected the violation, the landlord may file an eviction suit at the Justice Center, 6th and Canyon. In computing the three day notice the first day is excluded. Therefore, the three day period begins the day following the posting. The start of the three day time limit begins running whether or not the tenant discovers it posted. Also the time continues to run regardless of whether it is a Saturday, a Sunday or a holiday.
A helpful website for more information on the Colorado Eviction Process is www.HTSPC.com, the company website for Hopkins-Tschetter-Sulzer Law Firm - Colorado's largest "eviction" law firm. Via this website, you can also sign up for a helpful and very informative monthly, electronic Landlord Newsletter.