WELCOME HOME

   

212 Caitlyn Drive
Hampton, GA 30228

(770)210-1177     (404)291-6993

 

Property

Management

THANK YOU FOR VISITING MILLENNIUM 2000 REALTY - WE REALLY APPRECIATE YOU.

We take care of your property... so you don't have to.

Click to view the following information.

Property Management Service Packages
Getting Started
Explanation of Services
Basic Tax Advantages for Rental Owners

Millennium 2000 Realty, Inc. leasing and property management department has a thorough knowledge of metropolitan Atlanta, as well as advertising, marketing and management skills. We have the experience and the expertise needed to handle all of your rental property needs.

We offer affordable full residential management services that combine care, effectiveness, quality and professional services to all of our clients and tenants. Whether you live in town or out of town we take the hassle and inconvenience out of managing your rental properties. Many owners don't have the time or the desire to deal with the day-to-day issues of rental properties and some owners have delayed the sale of their home due to current market conditions or other reasons.

Millennium 2000 Realty complies with all Federal and Local Housing Laws.


We have Three Property Service Packages to choose from.

Rent Collection Service (no management agreement required)

* First Month Rent as Commission

* Tenant Locator Screening Service
* Rent Collection ($30.00 per month)  * Tenant Problems and Repair call Center

                Basic Choice Package (Owner managed Property)                  

This Package is for Owners that want to manage their own properties

* First Month Rent as Commission * Tenant Locator Screening Service
* Lease Preparation * Video Move In Inspections

                    Advance Choice Package (includes Basic Choice plus the following)                                       Management Fee- 8% or monthly rent or minimum $80

* Direct Deposit  *Lease Preparation
* Management Agreement * Video Quarterly Inspections
* Court Actions & Evictions * Yearly Pest Inspections
* Rent Collection * Video Move In/ Out Inspections
* Escrow Provided (Security & Repairs) * Utility Update

 Extra Cost

Advertising $125.00 Bi-Weekly
Lawn Maintenance Bi- Weekly (.5 acres- $50.00  1 acre- $75  1+ acre $50 per .5 acres)

Example: Pricing is computed based on the annualized rent from a property. For example, if a home rents for $820 per month the Management Fee payable is 6%, the management fee will be calculated as follows:

$1,000 per month x 12 months =$12,000 x .08(8%) = $960.00 / 12 = $80.00 (per month)


To get started, choose a package and provide Millennium 2000 Realty with the following:

Copy of Drivers License Copy of Warranty Deed
Mortgage Payment Documents Copy of Lease (if applicable)
Transfer of Security Deposit Form (if applicable) IRS Form W-9
Rental Keys Property Information Form
Additional Insured Letter  Registration Fee $150
Application for Management Flood Disclosure & Lead Based Paint Form

If you are currently under contract with a management company you will need to terminate their services according to your agreement with them. At your request we will mail you a complete start up package. Once all the necessary forms are completed and returned to us then we will take it from there. You may request a start up package by email at  m2r@bellsouth.net.

If your property is currently being rented by you or a management company and you would like to become clients of Millennium 2000 Realty there is a non  refundable $150.00 take over fee.

 


Explanation of Services

Tenant Screening

We prescreen tenants by verifying credit reports, rental history, reference checks and employment verification.

Evaluating Property Value

Advise and determine the best possible market rent for your property based on the location features, and conditions of your home.

Lease Preparation

Our leases incorporate the terms, rules and regulations for rental property. Our typical lease is a one year term that may automatically renewed for the following year.

Management Fees

Procurement fee is equal to the 1st months rent. This fee includes basic advertising, showing of the property, move-in forms, photos, lease preparation, tenant screening and cost of credit verification. Monthly management fees is 8% of the monthly rent or minimum $80.00.

Rent Collection

Collect rent and forward the payment to owner. The cost is $50 per month deducted from monthly rent. Our company acts as a call center for tenants. This service deal directly with the tenant so the owner doesn't have to. We take all calls from tenant thus acting as a middle man between the tenant and the owner.

Escrow, Maintenance & Repairs

A  repair escrow of $300.00 is required for minor repairs. We encourage all of our clients to purchase a home warranty in the event of any repairs. Our in-house rental coordinator is available to handle all repair and maintenance concerns. Our service providers do quality work at reasonable prices and quick turn around.

Inspections

Perform inspections of  rental property quarterly and supplying landlord with digital or video pictures and notes. Perform photo inspections with tenant upon move in, noting damage and repair. Provide photo move-out walk through reports with corresponding move-in photos.

Receiving Rent & Late Fees

Rent Checks are processed and accompanied with a computerized statement within 72 hours of receiving the tenants rent. Late fees apply for rent received after the 5th day of each month and warrants are filed if  rent is not received by the fifteenth(15th) of the month. Other options may be available.

Financial Reports

Provide monthly itemized statements showing rent received, income, expenditures. A detail annual statement for tax purposes.

Basic Advertising

Posting a rental sign in yard of home along with flyers and directional signs where permitted. Listing the home in the multiple listing service and the county newspaper( for two weeks). Advertising other than what is listed here is an added cost to the owner.


Basic Tax Advantages for Owners of Rental Properties

A property owner may claim up to $25,000 loss or rental property during a given year. Please check with your accountant  for any newly updated tax laws for rental property.

1. Deduction of all management fees.
2. Charges for advertising the property for rent.
3. Depreciation on the dwelling.
4. Deduction for expenses incurred to maintain the dwelling (i.e. cleaning, repairs, upkeep, maintenance & etc).
5. Insurance charges for the dwelling. Contact your insurance company to let them know the property is a rental.
6. All taxes incurred on the property.
7. Interest paid on the mortgage of the dwelling.
8. Additional Insurance.
9. Court and Eviction expense.

 


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Main Office
212 Caitlyn Drive * Hampton, GA 30228
404-291-6993 office 

       

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