TRADE WIND INVESTMENTS, INC.
Property Management & Real Estate
INTRODUCTION
Trade Wind Investments is a licensed real estate brokerage and permitted property management company. We
enjoy acting as the intermediary between owner and tenants. If you are looking for a company you can
easily reach and communicate with, that keeps you insulated from the daily problems of property management,
our services are what you're looking for. Through phone calls, e-mail, postcards, letters and statements
we keep you informed of the status of your property. Together as partners we will maximize your income,
minimize expenses while keeping the property occupied and well maintained. We personally promise you the
best in professional real estate service. For many years we have helped investors like you realize the
strong financial rewards in the lucrative field of investment properties. Each owner and property will
receive individual attention and care that makes us unique.
OVER VIEW OF SERVICES
GETTING STARTED
If you are not currently under contract with another property management or real estate
company we can begin right away. If you are currently under contract you will need to terminate their
services according to your agreement with them. We are happy to pick up keys, security deposits and
necessary documents from the discontinued company. At your request we will mail you a complete start
up package. Once you have completed all necessary forms and returned those to us we will get started.
If the house is vacant you will need to include advertising funds. We will also need a copy of your
landlord tenant insurance policy for our records.
FEES
Please see
our fee schedule located on our home page for specific prices. There is a
leasing commission paid by the owner after the property is rented (after rent
and deposits have been paid) to the referring or showing agent. The cost is
$300.00 for a new lease. Commercial property management is bid on a per
property basis.
ADVERTISING
"Saturation Marketing" is our goal for your vacant property in all potential appropriate
tenant markets. Each tenant has their own way of locating a home to rent rather by driving around,
using a real estate agent, scanning the paper or local publications, no matter what it is we will be
there. With the review journal, nifty nickel, recycler, rental signs and brochures, the multiple
listing service reaching over 10,000 licensed real estate agents, and Nellis Air Force Base advertising
when requested. Owners pay one price per line, per week based on the type of property and the number
of lines in the actual ad. Advertising is requested paid in advance. Complete advertising usually
runs $50 or less per week, please check with property manager at time of advertising for current
pricing. Trade Wind has many memberships to professional organizations to assist us in filling
vacancies also.
PETS
The majority of families and singles have pets. We prefer to advertise pets are negotiable, so
that they will tell us about the pets when they apply instead of trying to sneak them in later. When
we present the tenants to you for your approval, we will also tell you about the pet. Each pet will
require an additional $250 deposit. If damage exceeding the pet deposit occurs, we will hold funds from
security and cleaning deposits. You are in no way required to accept pets, this is completely your
decision and we will do our best to meet your requests.
SCREENING TENANTS
We want good tenants as much as you do, it make our job that much more pleasant. It
is our goal to obtain the highest qualified tenants. We have defined a preferred tenant profile based
on credit, employment and rental or ownership history. A conscientious review of applicants current
credit report will assure owner of timely rental payments. Trade Wind is directly linked to Experian credit
bureau's database, we can access credit within one minute, twenty-four hours a day. Verifying employment
will assure owner that the tenant has means to the pay rent. Talking with current and past landlords
will assure owner tenants will maintain the property. We make copies of all identification at time
of application. Tenants will be presented to you once Trade Wind has qualified them for your approval.
Trade Wind is a fair housing advocate and does not discriminate against any applicant or tenant based on
race, creed, color, religion, national origin, handicap or family status.
THE LEASE
Trade Wind has its own six page lease computerized for personalization, which is a compilation
of local and state leases with additional clauses for the protection of the owner. As most owners will
agree we prefer securing a one-year lease, minimum of six months is requested unless it is a vacation/corporate
rental. Vacation and corporate rentals are a minimum of three months continuing with a month to month lease.
To begin the lease we will meet the approved tenant on the property for a complete walk through inspection
and photographs of the entire property at move to document condition. We will also go over the lease thoroughly
with tenant before signing.
The extra time we spend with the tenants explaining the terms of the lease has great pay offs.
It substantially reduces misunderstandings during the term of the contract. It also gives us a
chance to answer questions and concerns and to begin the landlord tenant relationship. Starting off
on the right foot is very important to us. First months rent and all deposits must be paid in certified
funds. After that the tenant can write a personal check, if a tenant bounces a check they will not be
able to write checks after that.
SECURITY DEPOSITS
As additional protection for you we require at least half the security deposits in the form
of certified funds before a property can be taken off the market. Security deposits are based on the monthly
rent with cleaning and pet deposit additional. We offer all deposits as refundable, encouraging tenants to
leave the property in good condition rather taking additional time making repairs and cleaning preparing the
property to re-rent. Complete instructions to the tenant are included in the lease, instructing them on
proper procedure for receiving full security deposit refund, within thirty days after move out as per Nevada
law. Proper notice and completion of lease term is a must to receiving security deposit refund. Cleaning,
including appliances, floors, walls, yard and carpets professionally cleaned are required minimum to prevent
deductions from deposits. Trade Wind will compare condition at move out to move in inspection sheet to
determine all costs necessary to rectify any damages to property. A complete security deposit disposition
report will be completed and forwarded to tenant within thirty days of move out.
COLLECTIONS
Because all tenants do not always pay everything they owe after move out, Trade Wind has
established a collection service for owners. This service is available on tenants that Trade Wind has
managed and has done the move out with. There is a separate contract that is necessary for us to place
the bad debt on the tenants Experian credit report. This will hinder to some degree, the tenant from re-renting
through another property Management Company or securing a mortgage etc., with a collection to a real estate
company on their bureau.
COLLECTING RENTS
Rents are due on the 1st day of each and every month. Because social security and state
check are not received by tenants until the 3rd, we allow a grace period until the 3rd. Eviction proceedings
begin on the 5th of each month. After the eviction process has begun rents must be paid with certified funds,
no personal checks are accepted. Rents are also not accepted without late fees. If tenants cannot pay late
fees the tenant will be required to sign a "Promise to Pay" pledge with dates and amounts of repayment.
TENANT RETENTION
Our most challenging job as a manager is not managing the property but managing the
residents. Good tenants are the key element to any successful rental property investment. Keeping
tenants happy to insure the longevity of the tenant's occupancy is critical. Friendly staff, availability
and quick response to questions and maintenance request will satisfy a resident more than anything else we
can do for them. We ask our owners cooperation regarding tenant services whenever possible.
MAINTENANCE
We understand your need as a landlord to be kept abreast of property condition both physically
and financially. We try to contact you per your instructions to us in the start up package, as to at what
amount in maintenance you would like to be informed. On emergency maintenance will use our best judgement
on making repairs over you specified authorization amount. Emergency maintenance includes but is not limited
to loss of air or heat, water damage, main drain stoppage or electrical problems. Most emergency repairs can
be fixed at the time of the service call, some require later bids and replacements such as heating and cooling
systems. Over the years we have assembled an excellent array of reasonably priced honest maintenance
technicians for every area of repair your property may need. We do not make a profit on any labor or
materials for routine maintenance. Our pre-qualified licensed, insured repair technicians may change
based on services and prices we are receiving. Prompt attention to maintenance items keeps tenants
smiling and prevents minor problems from turning into high dollar repairs later. Our management fee
includes overseeing cleaning, carpet cleaning, painting, stucco repair, roof repair, garage door
repair or installation, monthly landscaping, plumbing, electrical, monthly pool service and minor parts
replacement, locksmith. Any large remodeling jobs, insurance claims, jobs requiring bids, supervision
and additional license and reference checking will require an additional a ten (10%) percent charge,
this will offset our staff cost to help you through these projects. This fee is not charged for
routine daily maintenance. Should a repair be over $500 we will secure three written bids for you
from licensed, insured vendors as appropriate. Per the lease agreement the tenant is responsible for
any maintenance that is caused by them or their guests. Tenants are responsible for sprinkler heads,
owners are responsible for the system itself. Tenants are responsible for window breakage.
INSPECTIONS
At the time of move in and move out there is a complete written inspection of the
property with the tenant. In addition to driving by the property for exterior inspections during
the term of the rental agreement. We have a complete interior inspection done each and every year
during the term of the lease. This includes photographs inside and out, with a three-page inspection
sheet, inspectors comment sheet, and tenant comment sheet. Inspections may also be done on request.
FINANCIAL STATEMENTS
Our desire is to create a clear audit trail of all funds pertaining to each property.
All funds are held in a Nevada State Trust account per Nevada law. An operating statement will be sent
by the 15th of each and every month on each property. Our statements are easy to read and understand
this really simplifies tax reporting at the end of the year. Our service includes paying expenses you
have on the property such as mortgage payments, home owners association payments, insurance, maintenance
and repairs bills when applicable. Copies of all invoices paid will be attached to the monthly statement
in the order they appear on the report. Occasionally a statement will be held for a few days because of
a late rent payment in order to send you your full monthly rent proceeds.
ADDITIONAL SERVICES AVAILABLE
Trade Wind is a full service real estate brokerage firm with
referrals available. Trade Wind specializes in investor funding placement, investment programs,
acquisition and disposition of properties. We have a complete sales, leasing and investment staff
to help with any of your real estate needs. We offer referrals to loan, escrow, title companies and
general contractors. The additional costs of these services are not included in the monthly management
fee and individual prices would be established by each company.
IF YOU DO NOT HAVE A REAL ESTATE SALES AGENT WE WILL BE HAPPY TO REFER YOU TO AN AGENT WITHIN TRADE WIND
IF YOU HAVE BEEN REFERRED TO TRADE WIND BY ANOTHER REAL ESTATE SALES COMPANY WE SHALL ASK THAT YOU CONTINUE TO USE YOUR REFERRING COMPANY FOR ANY REAL ESTATE SALES NEEDS
