As a full-service real estate and management firm, we specialize in leasing and managing residential properties including single family homes, town homes, condominiums, and apartment buildings. We offer tenant credit verification, lease contract negotiations, rent collection, late rent collection, eviction procedures, maintenance, property inspections, and monthly financial reporting.
Having a property manager protecting your investment makes keeping your property an easy decision. We make routine inspections of your property inside and out and utilize the latest marketing techniques for securing quality renters for your property. We are committed to maximizing the benefits of managing of your property; freeing you from management problems while providing the most professional services. We are dedicated to keeping each investment in good repair, and re-renting it. We find rental homes for qualified families and offer you the peace of mind you deserve for your investment.
With advertising continually running, we take numerous calls daily to keep units fully rented. We require each potential tenant to complete an application, then follow up to verify their employment, rental history, and credit history. This helps assure that your property will have the best tenant possible.
Maintenance:
We make every effort to prevent small problems from becoming bigger ones. Our prompt response to any problems that may arise keeps tenants happy and encourages them to inform us of these problems in a timely manner. For minor items, we pay vendors upon completion and charge your account. For major repairs, we solicit bids for your review and approval.
Inspections:
How will I know if the tenants are taking good care of my property?
Patuxent Properties conducts an in-depth outside and inside, room-by-room inspection of the property prior to the tenant moving in.
Every 6 months throughout the course of the lease term, Patuxent Property Management will be back at the property to complete a detailed inside/outside inspection (Copies will be mailed to you?). The inspections will help keep you advised of how things are going. These inspections also give the tenant a chance to point out items which may be in need of attention about the property. This schedule ensures the continued marketability of your property and keeps you apprised of its condition.
At the time the tenant moves out, we conduct a final inspection to determine if there should be any deductions from the tenants’ security deposit for items over and above normal wear.
Evictions / Collections:
What happens if the tenant pays the rent late?
Patuxent Property Management has a very strict policy on rent collections. All rents are due on the 25th day of each month. We have no grace period. No matter what the reason or excuse, the rent is late and Patuxent Property Management starts a District Court proceeding against the tenant. The local Sheriff then serves the tenant a summons to appear before the Court. The Court hearing takes approximately 2 weeks.
In most cases the tenant will have made the late rent payment before the scheduled Court date. In the rare event that the Court process must continue, actual eviction will usually take place during the third or fourth week month. Eviction is a very unusual event, as our pre-lease screening has indicated that the tenants are people who value their good credit rating
Accounting:
Our company is highly automated. Each month you receive a financial statement showing monies collected and any disbursements that have been made