Owners

Originate and maintain all legally required documents
For owners, draw up an Exclusive Management Agreement, that is approved with the Georgia Assn of Realtors
For Tenants, draw up a lease that is approved by the Georgia Assn of Realtors
Submit a Property information Form to owners
Maintain two Escrow Accounts with The Southeastern Bank

Initiate a credit and criminal background check w/ Merchants Credit Bureau
Minimum score of 650 required.
Check personal references
Lease related items
Lease form is approved by the Georgia Association of Realtors
Lease contains specifics regarding late payments, Smoking, Cleaning, and Change of AC filters
MPM will perform a walkthrough with tenant at beginning and end of Lease
Rent is due on the 1st and late at 5:00 PM on the 5th
Late fee is 10% of rent and then $50.00 P/Day thereafter
Owner proceeds to be sent NLT the 12th, assuming tenant pays on time.
Rent proceeds to be sent by ACH (Automated Clearing House)-This is a direct deposit
Late fee is split 50/50 between owner and MPM
In the event repairs are needed, MPM will determine if owner or tenant is responsible for bill
Owner is responsible for all Wear and Tear items unless tenant is considered at fault
Emergency items, will be taken care of ASAP and then owner will be notified

Owners will have access to an owners portal to view monthly activity
1099’s will be sent as Gross, and then owner can use YTD expenses to determine Net

Management fee is 10% of the gross
Start up fee is $275.00 for finding, qualifying & move in/out inspection
For lease renewals, the fee is $175.00
If current tenant wants to purchase the property, then a 4% brokerage fee applies
Pet fee is $300.00 per animal, non refundable — 25% to MPM, balance to owner

In the event an eviction of a tenant is necessary, MPM, with owner’s approval, will file legal dispossessory documents with appropriate magistrate court.