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Administrative Services

We ensure legal compliance, assist with property registration and insurance, rent collection, manage security deposits, and disburse payments to owners.

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  • Legal Compliance. Ensure adherence to laws and regulations for both owners and tenants.

  • Property Registration and Licensing. Advise on property registration, rental licenses, lead paint certificates, and license renewals.

  • Insurance Guidance. Recommend appropriate insurance for both owner and tenant, ensuring tenant coverage for property damage.

  • Rent Collection. Collect rent payments, enforce deadlines, and manage late fees as outlined in the lease. We use an automated rent payment platform that deducts rent directly from the resident’s bank account.

  • Security Deposit Management. Administer security deposits in an escrow account.

  • Owner Payments. Disburse rent payments to owners on a monthly or quarterly basis.

  • Contract Preparation. Draft detailed contracts outlining tenant responsibilities for property care and maintenance to minimize owner costs.

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Contact us for detailed information on our service costs.

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© 2024. Optimal Management LLC. All rights reserved.
All information is deemed reliable but not guaranteed and should be independently reviewed and verified

Get in Touch

T: (202) 710-6446

 

E: office@optimalmanagementllc.com

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