If I have my property managed by Merit co, will you save me money?Yes. In most cases we have found that our fees are more than offset by our ability to obtain higher rents, less delinquency, and faster turnaround of vacating tenants. We also maintain a pool of qualified repair people who offer us the best price available due to the large volume of business we can offer them.
Do you manage only residential property?Yes. We are specialists in the management of residential properties. Our portfolio contains single family, condos and town houses
Do you charge the tenant a security deposit? What about a pet fee?Yes. Our policy is that security deposits is 100% of one month’s rent. When pets are allowed an additional pet fee of $250 for each dog or other animal that is allowed.
Pet deposits are due in full with security deposit to put a property on hold.
The new legislation is confusing. Do you keep up with all the changing rules and regulations?Yes. We are members of NAR and CAR and PPAR.
Do you insure my property when you manage it?No. You maintain your own insurance coverage.
Will I know what is going on with my property?Yes. We will communicate with you throughout our contract. We will contact you at reasonable times to discuss repairs and notify you of any tenant requests to vacate. Plus, throughout the contract, we will keep you aware of other issues that may arise.
Do you qualify all applicants that want to rent my property?Yes. Our application is designed to generate complete information from each prospective tenant. We process all applications and verify information on each application. In general, an applicant must have good rental history (not from friends or relatives), have three (3) times the rent rate in verifiable household income, and possess an acceptable credit history.
Do you advertise vacancies?Yes. We start marketing the vacancy as soon as we receive notice from the tenant of their intention to move. We will place a sign on the property. We then advertise the property on various internet sites. We also receive referrals from current and formers tenants and owners and from other agents with whom we network.
Do you handle problems late at night?Yes. Tenants are given our number when they move in and in the case of an emergency. We will talk with the tenant to determine how best to proceed. Many times we can solve the problem over the phone.
Can I still use my favorite plumber, AC Company or handyman?Yes. We will gladly contact the companies or individual(s) you specify as long as they are actually licensed, insured and in the business of performing the required work.
Do you pay the bills for me?Yes. We will gladly pay expenses and repairs for you. There must, of course, be sufficient cash flow from the property to cover such expenses and we may require you to set up a reserve fund for this purpose or send a check to cover the expense.
Are your management fees competitive?Yes. The old saying, “You get what you pay for,” is always true. There are other companies that charge less than we do. There are companies that charge more. We are somewhere in the middle. Our Full Service Management fees for residential properties are typically 10% of the gross collected rent each month. All repair costs are passed on to the owners. We feel we offer a very comprehensive service package and our rates are very competitive.
Are you licensed?Yes. We are licensed by the Colorado Real Estate Commission.
Does your management agreement give you exclusive right to sell my property?No. We can sell your property if you would like us to, but it is not a requirement of our management contract.
Can you start managing my properties today?Yes. We can start the process immediately. Contact us today to set up a no obligation consultation to discuss your property in detail.