Greg PetersonShow Phone Number
2000 N Broadway St
Moore, OK 73160
Favor Real Estate
Professional Property Management of Residential Homes and Multi-Family Properties; Investment Properties are available on a fee basis. We can manage your single family property or a portfolio of investment properties. Free analysis of the properties and quotes on the services rendered are available on request.
Our Property Management Services provide real estate investors affordable solutions for the management of their properties. By combining our resources to handle your accounting, record keeping, and real estate management experience, we can provide you with full service capability.
Favor Real Estate Provides You the Following Services:
Market Analysis - We are well qualified to assess your property to determine its highest rental value. At our initial meeting, we'll inspect the property and make recommendations for upgrades and repairs that make sense for your investment.
Effective Marketing - To ensure your property is leased as quickly as possible, advertising is placed in local publications and a leasing sign is placed on the property. We maintain excellent contacts with local realtors who often have clients looking to lease instead of buy, local military base housing coordinators, and subscription list services. Available properties are also featured on several websites.
Resident Background Checks -Prospective residents are each thoroughly vetted by Favor Real Estate. We check each applicant's background, including credit, employment, criminal, and financial status. In addition, we contact current and past landlords, employers, and personal references for verification information. We're committed to getting the best quality resident for your property.
Property Inspections - To protect the owner's investment, we arrange inspections of the property before and after the resident moves in. Periodic inspections, both interior and exterior, are made throughout occupancy so that we do not rely on resident requests to effect routine maintenance or repaints. We maintain a complete photographic record of the property along with written reports.
Maintenance and Repairs - We do not employ an in-house maintenance staff, opting instead to utilize specialized service personnel to ensure quality work. Estimates are obtained and presented for owner approval on all repairs in excess of $250. We will provide owners with copies of actual invoices and proof of vendor payment. We never accept kickbacks or rebates. Repair work is coordinated to present as little inconvenience as possible to the property residents and, when appropriate, we recommend renovation projects to help increase the property's value and protect the owner's investment.
Negotiating Lease Rates - Rental rates are negotiated to the highest possible level depending on market conditions, quality of the resident, length of leases, type of property, and the time of year. Setting proper rental rates and maintaining a strong marketing effort will maximize the occupancy rate.
Preparing a Lease - We will prepare a lease agreement that will include all addendums and disclosures required by law in order to properly secure your resident prior to occupancy. Our contracts are designed to protect the owner. If a dispute arises with a resident, we can represent the owner in matters of eviction and small claims.
Rents and Deposits - Rents are sent to the property owner promptly - typically within 5 business days of receiving payment from the resident. A maintenance and repair reserve will be negotiated with each owner and held in a trust for ordinary maintenance expenses. Security and pet deposits are also maintained in a separate trust account.
Reports - A Cash Flow report is prepared each month, copies of all bills for which funds were expended, and an annual end-of-year accounting will be provided to each property owner for tax reporting. Other reports are available upon request.
We are dedicated to making your investment as worry-free as possible. Thank you for considering our company to manage your property.
Oklahoma City Realtors - Oklahoma City Property Management