DMS Properties, LLC ... Residential Real Estate Services

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How We Work for Our Landlords and Tenants

Homeowners have many reasons why they rent their properties instead of selling them ... some of them are of the mindset that real estate is a fantastic investment (if you know what you're doing!).

There are possibly even more reasons why people choose to rent a home instead of buying one. DMS Properties, LLC ... Residential Real Estate Services is uniquely positioned to help both potential landlords, real estate investors and tenants with their housing needs.

Many homeowners have found that they need to relocate, but can't sell their home in today's challenging market. Others find that investing in real estate is the best use of their money ... have you tried to get a decent Return on Investment at a bank or in the stock market? Granted the stock market so far in 2013 has been showing some impressive gains, but when it falls, it may fall hard!

A portfolio of real estate holdings designed to appreciate in a NORMAL market at a rate of between 4% and 7% per year not only can provide current income from rental receipts, but also appreciation and longer-term capital gains. You should speak with your investment advisor, tax advisor and attorney if you are interested in real estate investing ... we can help you with the acquisition and management of the properties, though.

If you find that you need to move on from your current home, if you own investment properties in Maryland, or if you WANT TO own investment properties in Maryland, the professional Real Estate Agents and Property Managers that are affiliated with DMS Properties, LLC ... Residential Real Estate Services will make the process of buying properties, selling properties, renting properties and managing your property as painless as possible.

You can learn about all of the various aspects of our residential property management services. We will help you:

  • Determine the Return on Investment (ROI) for your property based on the potential income and anticipated expenses.

  • Prepare the Property for rent so that it shows well and is appealing to potential tenants. We have encountered some Rental Nightmares that are sometimes amusing, but almost always costly! We can advise you on what you need to do to make the property ready for rent, but can't begin to manage it for you without a completed Property Management Agreement.

  • Advertise and Market the Home for rent so that we can find qualified tenants as quickly as possible.

  • Process Rental Applications received from potential tenants and screen them to make sure they are a good match for your home. We will manage properties for homeowners, even if they use a REALTOR to find tenants for the property, although we prefer to do the tenant screening ourselves and use our Deed of Lease.

  • Execute the Lease Document after qualified tenants are found. This would include any extensions that are done if the tenants want to continue renting.

  • Manage the Property after the tenants move in.We take care of everything that needs to be done while you're not living in the property. Before we can start to manage the property for you, we will need a completed Property Management Agreement.

We handle all of these aspects of the rental property process for a flat fee of 8% of the monthly rent. As a small company with limited overhead, we feel that this is sufficient to cover our costs and still provide quality service to our homeowners and tenants.

When you contact DMS Properties, LLC ... Residential Real Estate Services to manage your property, we will enter into a Property Management Agreement and we request that you fund a property maintenance account (a maximum of $300) with us so that money will be on hand to take care of your property for you. There are limits to what repairs we will perform for you without getting formal approval. Your monthly management fee will be deducted from the rent we collect and the balance sent to you. You'll receive a monthly statement regarding your account. We'll also hold the security deposit as perscribed by Maryland law.

DMS Properties, LLC ... Residential Real Estate Services can begin to manage the property for you before or during the time when we are searching for qualified tenants. We'll handle everything for you so that you can move on to your next destination or concentrate on whatever else is going on in your life.

You can visit our Document Library to review the forms that will be of interest to both potential landlords and tenants. We like it when our landords review the documents and know how we work before the process starts. It also gives you the chance to think of any questions you want to ask.

We hope that you find all of this information helpful ... and believe that the entire process goes more smoothly if you have the information that you need as quickly as possible. We look forward to working with you! 

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The information contained on this site is maintained by DMS Properties, LLC ... Residential Real Estate Services.
We attempt to keep it current, but some delays may occur. To verify the most current information, contact us.

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