Frequently Asked Questions
If I have my property managed by Cincy Rents, 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 turn around 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 I lose control of my property once you start to manage it?
No. We work for you and you set the parameters not defined by law.
Do you manage only residential property?
Yes. We are specialists in the management of residential properties. Our portfolio contains single family, 2 families, 3 and 4 families, and small multifamily properties not requiring a resident manager.
Do you charge the tenant a security deposit? What about a pet fee?
Yes. Our policy is that the security deposit is one month's rent. Pets are not allowed without your permission. When pets are allowed an additional pet deposit of $100 for each animal that is allowed and $25 per month for pet rent is charged per pet.
Do you insure my property when you manage it?
No. You maintain your own insurance coverage. However, we will gladly recommend insurance companies interested in writing insurance on your property.
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.
Will you help me find a qualified tenant without having me sign a full management contract?
Yes. Many Owners have the time and ability to manage the day-to-day operation of their rental property but lack the resources to attract and screen qualified tenants. We will assess and market the property, screen the tenant, draft the lease, collect security deposit and the first month's rent, provide keys at move in and then return the property to you for daily management. Our fee for this service is one month's rent.
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 and initiate our comprehensive online advertising package.
Do you handle problems late at night?
Yes. Tenants are given our number when they move in and in the case of an emergency they are directed to page us. 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 fund the account for this purpose or send a check to cover the expense.
Are your management fees competitive?
Our Full Service Management fees for residential properties is 10% of the gross scheduled rent each month with a minimum of $150.00.
Are you licensed?
Yes. We are licensed by the Ohio Real Estate Commission.
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.
To learn more about our property management, leasing, and advertising services for Cincinnati apartments and homes, fill out the following form.