Classic Property Management, Inc. is a family owned and managed firm. Our family has been involved in many aspects of real estate for over 40 years. We have lived in the Northland (Clay and Platte Counties) all of our lives. We have extensive knowledge of the area, rental market, as well as many referral connections. Our owners are both licensed real estate Brokers in the state of Missouri.
Hiring a company to manage your investment is a big undertaking. Classic has the knowledge and experience to help you make the most of your real estate investment.
Here is a glimpse of the services Classic offers:
Full Property Management
Secure a qualified resident
Hold/Return Security Deposits
Handle all maintenance requests and needs
Property Renewal Inspections
Owner reports and money disbursements
Evictions if necessary
Optional Eviction Protection Program
Lease Only Option
Secure a qualified resident
Lease execution between owner and resident
Collect first month’s rent and security deposit
Owner assumes responsibility of lease, rent collection and security deposit for the full lease term.
If you are interested in any of the property management services Classic provides and would like more information or would like to set up an appointment, please contact Kerrie Curtin at 816-436-9099, ext 201 or by email at firstname.lastname@example.org
Below are a list of common FAQ’s:
- Should my management firm hold any licenses?
- What needs to be done to prepare a property for rent?
- How will the property be marketed for rent?
- What are the policies regarding pets and smokers?
- Is first and last month's rent collected at move in?
- What happens if the tenant does not pay rent on time?
- When are monthly funds distributed to the owner?
- How do I receive my proceeds?
- How are repairs handled?
- What happens if the tenant leaves before the end of the lease?
- How is the owner protected if the tenant damages the property?
Should my management firm hold any licenses?
As a property manager, in order to lease, rent, list, procure prospects, negotiate, or assist in any of these tasks, an individual must have an active real estate broker’s license. In Missouri, leasing is considered a real estate brokerage service under Missouri real estate licensing laws.
What needs to be done to prepare a property for rent?
The property should be presented in the best possible condition to attract the highest quality tenant. The tenants are required to leave the property in the condition they received it, normal wear and tear excepted, so it makes sense to start with it in top condition. Classic Property Management, Inc. can help you with property preparation and will also be responsible for putting it back into that condition when the tenant leaves and charging the tenant as appropriate.
All debris and personal belonging, including washer, dryer, and lawnmower, should be removed. Neutral window coverings should remain.
As tenants are required to maintain the yard in the condition provided to them at move in, the yard should be freshly mowed, weeded, trimmed and leaves and debris removed. Shrubs and flower beds should be cleaned out. Owners should not expect tenants to absorb cost of chemical treatments, verticut, or seeding.
How will the property be marketed for rent?
Your home will be advertised through our website under “Rental Listings” as well as through most of the major rental advertising sites such as Rentals.com, Trulia, Zillow, etc.
If applicable your home will have a “Clasic” sign in the yard for further advertisement.
What are the policies regarding pets and smokers?
You make the call here!
Statistics indicate that 75% of renters of single family homes own pets, a smaller amount in duplexes or apartments. Restricting pets may reduce the number of qualified applicants. It is often preferable to consider allowing pets with an additional refundable deposit in the amount of $500.00 plus $30.00 per month per pet. If you allow pets the tenants will sign a special addendum stating their obligations which includes treatment for fleas upon termination at the tenant’s expense.
It is common to restrict smoking inside the property. This does not significantly reduce the marketability of the property.
Is first and last month's rent collected at move in?
It is generally preferable to collect a refundable security deposit. Our normal policy is to collect $100.00 more than the monthly rental rate; however, if a tenant is marginal we can collect up to two times the monthly rental rate. The security deposit is held by Classic Property Management, Inc. in the Client Trust Account.
What happens if the tenant does not pay rent on time?
The rent is due on the first of each month and is considered late if not postmarked by the third. At that point a ‘3 day, pay or quit’ is mailed excluding week-ends and holidays. If tenants have not paid by the end of the notice period, appropriate action is taken as directed by the owner.
When are monthly funds distributed to the owner?
Funds are distributed from our office on or before the 12th of each month. You may find your statement on our owner portal as well as many other helpful reports.
How do I receive my proceeds?
Most of our owners choose to have their funds electronically transferred to their account. You may also request a check or to have us hold all funds.
How are repairs handled?
We hold a maintenance reserve for each property and will handle minor maintenance up to that amount. If anything goes over and above, you will receive a bid for your approval from one of our approved, licensed and insured vendors.
What happens if the tenant leaves before the end of the lease?
The tenant is responsible for the rent for the term of the lease. If tenants choose to leave prior to the termination date, they will be responsible for all rent and utilities must be kept on in their name until the end of their lease.
How is the owner protected if the tenant damages the property?
The refundable security deposit taken at move-in is usually sufficient to handle the minor damages and necessary cleaning.
Should the tenants leave the property owing more than is covered by the security deposit, they will be billed. If they do not pay, the matter may be turned over to a collection agency.