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One Step Realty, Inc.

One Step Realty, Inc.

Michigan Property Management Services

Property Managment FAQs from One Step Realty, Inc.

What needs to be done to my house?

The better condition your property is in, the better quality tenant we will attract for you. This means that the property should be clean, walls should be painted (a neutral color is best) if they are dirty or marred, and things should be in good repair. It is best to have window coverings on the windows, such as blinds. Depending on the time of the year, snow removal or lawn care should be done prior to the new tenant moving in. Upon taking over management, we will go through your property and make note of the condition and what we would suggest being done. You would then instruct us what you want done.

How will you find tenants and how long will it take?

Once we start management, a rental tile is made up. Your property is added to our list of available properties. This list is distributed weekly to our list of relocation companies, real estate companies and businesses that are in constant search of rental properties for their clients or employees. Your property is also listed on our website on the Internet and entered on our 24 hour rental hotline voicemail where prospective tenants can hear information about your property 24 hours a day. Newspaper ads are generally run each week. We pass along to you our contract ad rates so you save significantly on these ads. We will also place a for lease sign on your property in most cases.

The time of the year, the condition, location and price of the property will determine how long it takes for your property to rent. Generally, it takes one to two months to lease a property in good condition during the spring and summer months. Higher price ranges and properties on the fringes of the Metro area can take longer. Some properties lease within weeks. There are many variables.

Can I say who I want as tenants for my house?

You can specify whether or not you want tenants with pets (in most situations) or even tenants who don’t smoke. However, the more restrictive you are, the longer it could take to rent your property. You cannot discriminate against any protected class under the federal, state or local fair housing laws, such as saying you don’t want children. Because of this, it is best that you stay out of the selection process. We are professionals in leasing. We have specific criteria that every applicant has to pass in order to rent your property.

When do I get my money each month?

Rents are due in our office on the first of each month. In order to avoid violating trust accounting laws, we need to wait until rent checks clear before we can send payment to you. We will collect the rent, pay the bills and then by the twentieth of each month, provide you with a detailed monthly statement showing all the income and expenses for the month along with payment of your cash flow

What happens if a tenant does damage?
A security deposit taken at move-in is usually adequate to handle most damage that a properly screened tenant may cause. Tenants with good credit and prior rental or ownership history seldom cause much damage. The horror stories you may have heard about a property being trashed generally are less expensive properties that have been rented without the proper application and screening process. Our screening process is very thorough and includes credit, rental and ownership history, income and employment, with specific acceptance guidelines for each. Should the tenant leave your property owing more than is covered by the deposit, they will be billed. If they do not pay, they will be turned over to a collection agency or court action may be taken if appropriate.

What happens if the tenant leaves before the end of the lease?

The tenant is responsible for the rent for the duration of the lease. If they choose to leave prior to the termination date of the lease, they will be charged for the rent until the property is re-rented again. They are also responsible for paying us a re-leasing fee and advertising costs so you do not incur this expense. Most responsible tenants value their credit and their commitments and therefore honor their lease.

One Step Realty is your Property Management Specialist

When you trust your valuable real estate investment to One Step Realty, you are not only choosing to have superior property management but you are opting to say “goodbye” to worries, as you will have expert guidance through unwelcome suprises involving your rental situation. One Step Realty, Inc. as your property manager can coordinate:

  • Unpleasant discoveries after a tenant leaves
  • Rent collection
  • Repairs
  • Cleaning and painting
  • Difficult situations with tenants
  • Interviewing and screening prospective tenants
  • Advertising to find new tenants
  • Serving legal notices and handling evictions
  • Maintenance emergencies, and
  • Much more

In fact, knowing your property is well managed not only means you can relax and concentrate on other matters: it also means that your investment property sustains it’s value.

One Step Realty, Inc. experience and training give you the property management you need

One Step Realty, Inc. property managers have heightened expertise and industry knowledge to assist them in doing the best job possible. We are dedicated to the professional management of of single-family homes and small multi-family investment property. We are real estate professionals who know firsthand the unique challenges of managing rental property in today’s constantly changing economic and legislative environment. And we know how to manage these challenges to your benefit.

Please give us a call today at 800-611-3766 with your questions about property mangement!

One Step Realty, Inc. Expanding into Allegan, Michigan

If you love living in the country, Allegan county could be the place for you!

From beautiful fields and rolling hills to small, quaint towns, Allegan county has a lot to offer. Now One Realty Inc., is expanding into Allegan county, and we have properties available that could fit your needs. If you’re looking for that small-town feel, towns like Dorr, Burnips, Monterey, and Allegan could be for you.

If you are interested in moving to Allegan county, and want to start out renting a property in the area, please give us a call at 800-611-3766 today!

Why is Renting from One Step Realty is better than owning?

It used to be that owning a home was the smartest choice a person could make. With the current state of the housing market, most notably in Michigan, it may be smarter to rent a home than to own one.

One of the main benefits to owning a home used to be that homes appreciated year over year. This means your home’s value would rise anywhere from 2.5-10% per year in Michigan. All of that is gone with the current housing market. Most homes in Michigan have lost 10-20% of their value, and it may take decades before prices recover to their pre-crisis levels. With mortgages harder and harder to qualify for, and the economy still slowing, house prices may still decline further.

This housing crisis has put a lot of home owners under water on their mortgages. If you purchased your home for $100,000 with zero down, and the housing prices in your area drop 10%, you owe $100,000 for a $90,000 home. This situation makes it impossible to sell the home because of the large amount of money required at closing, so many of these home owners are turning their unsold homes into rental properties. Turning their properties into rental properties is excellent for them, because then they are at least getting some money to help make the mortgage payment.

For you, this means lower monthly rental bills. With so many rental houses on the market, rent is coming down, which means you can get a larger home for much less per month than if you were to purchase the home.  Also, you don’t risk ending up underwater or losing your hard-earned equity in a home that you purchased.

Not only will you protect yourself from losing money on a home purchase, but you also will not have to deal with any of the maintainance issues that come with being a home owner. If the plumbing breaks, the landlord is obligated to fix it. If the roof leaks, the landlord must make the repair. You will not have to spend any money repairing the home, as it is your landlord’s duty to keep the property in good working condition.

Renting in the current market can make a lot of sense, and if you’re looking to rent in Michigan, One Step Realty, Inc. can help you find an apartment or home to fit your needs. Give us a call today at 800-611-3766 and let us help you!

Homes and Apartments for Rent in Kentwood, MI

Want to live in Kentwood, MI? Home to the East Kentwood Eagles, Kentwood is known for having good schools, great parks, and a variety of homes and apartments to choose from. The heart of Kentwood sits right near the M-6 and 131 corridor, so you will have quick access to either highway, reducing your commuting time no matter which direction you travel to work. Kentwood is also growing fast, with new malls, shopping, and entertainment, like Celebration Cinema South.

One Step Realty, Inc. manages homes in Kentwood, MI, and can help you find a home there that fits your needs. If you’re interested in properties located in this area, give us a call at 800-611-3766 today!

Homes and Apartments in Grand Rapids, MI

Grand Rapids is a great place to live, and it’s one of the few locations in the state that is growing rapidly. If your passion is the life sciences, the Van Andel Institute is expanding, and Michigan State University is building a medical school downtown. If you love art, Grand Rapids has the Civic Theater and the Grand Rapids Art Museum. If your passion is amazing nightlife, Grand Rapids has some of the hottest clubs and bars in the state, all within walking distance of each other downtown.

If you are looking for an apartment or home in Grand Rapids, we would love to help you find your home here. One Step Realty, Inc. might have the property to fit your needs. We manage many properties around Grand Rapids, from apartments and condos to single family homes. If you want to purchase a home or a condo in Grand Rapids, we can help you locate the perfect home to fit your lifestyle. Call us at 800-611-3766 to find a home in Grand Rapids today!

One Step Realty, Inc. Property Blog

Welcome to the One Step Realty, Inc. property blog! In our posts here, we will cover the various areas in which are properties are located throught Michigan, as well as give you some idea of what properties we have available in these areas.

If you’re looking for an apartment or house to rent in Michigan, give us a call at 800-611-3766 and let us find a home to fit your needs!