Added Value Of Property Management Services In Colorado Springs And Denver
Completely customizable solutions for your property management needs:
Progressive Property Group, LLC – Services We Provide:
Full Service Management
Thank you for your interest in Progressive Property Group, LLC. We are a professional locally owned and managed real estate sales and property management company located in Downtown Colorado Springs . Our eclectic portfolio is continuously growing and includes apartments, condos, townhomes, duplexes, fourplexes, mobile home parks, single family homes, office, retail and commercial space.
Like residential property management, commercial management encompasses the tasks and responsibilities of operating an income-producing property. Commercial property management requires a specialized staff to deal with the unique aspects to commercial properties.
Our goal at Progressive Property Group, LLC is simple – to make your property work for you. We accomplish this by providing professional full service property management, allowing you to focus on other business & personal ventures.
Management and Advertising Fees
For our full service management, we charge a percentage of gross property income per month. This will vary based on location, management needs, and number of units. Also, there is a $250 lease processing fee for new leases, and a $150 lease processing fee for renewed leases. We recommend a reserve account for incidentals and emergencies. This will remain in your account for the duration of our relationship.
Our Marketing and leasing team will advertise your property for rent in a wide variety of print and online media to attract quality applicants. Additionally, we use physical signs and any other means that we deem proper and advisable in order to rent your home. Your home will be posted online within days of signing a management agreement. The fee for advertising is approximately $50 to $100 per month. You are only charged for advertising while the property is vacant. The leasing fee is taken out of your first month’s rent with the management fee and any advertising fees that are incurred.
When finding a prospect for your home, we require that all adults over 18 years of age fill out an application. Our screening process complies with Fair Housing regulations and all prospective tenants must meet our rental criteria. We order a credit, criminal, eviction, and background check on all applicants. Furthermore, we verify their employment and income as well as previous rental history. Our team of professional Leasing Consultants will clearly explain all of the lease requirements, verifying that your tenant has read and understood their obligations.
The condition of your property is well documented before the approved tenant moves in so we can better protect your investment. Your Sr. Property Advisor will conduct periodic inspections of the property evaluating for cleanliness, safety, mechanical and structural components, and damage to the property. Both owners and residents are promptly notified of any concerns involving the property. Residents are back-charged for any damages incurred, during and after their tenancy. The required accounting for the security deposit is handled by Progressive Property Group, LLC at the end of the lease term.
As the owner of the property, it is up to you (and the HOA of your community if applicable) on whether or not pets will be considered. For approved pets, we always recommend collecting additional fees and deposits per pet. Typically, we recommend collecting a Non-Refundable Pet Fee, which will be included with your first distribution, and an additional Refundable Pet Deposit PER PET.
Both Pet Deposits and Pet Fees must be submitted upon move in. The Pet Deposit will be held with the Security Deposit, through the duration of the lease term, and may be refunded to the tenant if there is no pet damage to your property. Typically the pet fees and deposits are $150 each, per pet. However- you can set the pet fees and deposits at your discretion as the property owner.
Monthly Financial Reports
All financial reports and applicable funds are sent to you on or before the 10th of the month. All rental income and/or expenses will have been processed from the month prior. Your property financial reports are a great way for you to analyze and adjust aspects of your investment.
24/7 Maintenance Team
Progressive Property Group, LLC has an experienced maintenance and housekeeping team that can cater to your property’s needs. We offer full service maintenance to get your property ready to rent for a satisfactory move in, as well as ongoing maintenance to your property. A 24 hour emergency hotline is available for tenants and a maintenance staff member is always on call. We also provide lawn care services for your rental, including mowing, weeding, fertilizing, pruning and garbage pickup.
- Leasing Consultants – show your property and qualify potential tenants with comprehensive resident screening
- Tenant Relations Specialists – handle all tenant issues
- Financial Services Director – manage your accounting needs
- Marketing Director – focuses on marketing your property
- Full Service Maintenance Team
- Administrative Assistant
Our advisors handle inspections, provide your monthly owner report and the following valuable services:
- Property Evaluation
- Lease Enforcement / Eviction Proceedings
- Investment Analysis
- Capital Improvements and Project Planning advice
- HOA & Mortgage Payment Services
- Direct Deposit
- Monthly Owner Report includes:
- Owner’s Disbursement
- Profit and Loss Statement
- Owner’s Operating Statement
We appreciate the opportunity to serve your property management needs. We offer a no cost, no obligation review and comparison of your property. Let us know how we can put your investment to work for you!