For many, this may be the first time you need to or have considered hiring a Property Manager. We understand this. The information below is provided to help you understand how we do business and how we serve you.
As an owner, expect to receive your proceeds electronically in your bank account of choice between the 7th and the 9th of every month. Variables will be (1) when your tenant pays the rent, and (2) how long your bank takes to process and post the deposit to your account. Want to sleep better at nite? Recommend having at least one month's mortgage payment in reserve. We understand and are sensitive to the fact that it is important that you receive your proceeds as soon as possible. For additional on accessing the Owner Portal,click here.
You will receive a monthly statement. Expect to receive your monthly statement by the 15th of each month. When your monthly statement is ready, you will be notified by email. Click here to view a Sample Monthly Cash Flow Statement. Click here to view a Sample Year To Date Cash Flow Statement.
Additionally, the Internal Revenue Service (IRS) requires we provide you with an annual 1099 documenting the amount of rent we have collected for your rental home. Expect to receive your 1099 in the mail on or before February 1st. Perhaps in future years we will be able to electronically email your 1099, but for now, we are required to mail owners their 1099 via the US Postal System. We do electronically file identical copies of those owner 1099's with the IRS as required by law. Click here for sample 1099 Form.
Advertising is important - done correctly - your home will rent quicker! Our marketing of your rental home can include:
(A) Internet. We use a Network Of Sites technology to advertise your home on the internet. We advertise your home on an extensive network that includes but is not limited to: www.Rentals.com, www.AHRN.com,www.RentalHouses.com, www.FreeRentalSite.com, www.Zillow.com, www.Trulia.com, www.HotPads.com, and our main website www.StarsAndStripesHomes.com.
Advertising your home is not limited to these websites. Many of the sites above actually feed into other sites displaying information on available Rentals. A good example iswww.USAA.com - a major "insurance" company used by many active duty, retired military members and their families. This site displays available rentals on its website using a HotPads data feed.
Note: AHRN, the Automated Housing Referral Network site, www.AHRN.com - is a unique Department Of Defense rental website designed for service/military members moving around the country in search of a rental home at their new duty assignment.
Stars & Stripes Homes uses the most up-to-date, advanced, Mobile Responsive Technology for its website - www.StarsAndStripesHomes.com. This technology is an approach to web design that provides an optimal customer viewing and interaction experience - easy reading and navigation with a minimum of resizing, panning, and scrolling—across a wide range of devices (from desktop/laptop computer monitors to smart phones, Ipads, and other mobile phones). Websites designed using Mobile Responsive Technology adapt the layout to the viewing environment by using fluid, proportion-based grids and flexible images. Bottomline - a better customer experience accessing information on available rentals and processing tenant applications!
(B) Signage. We will place a Stars & Stripes Homes, Inc. sign in your yard or window as appropriate.
(C) Walk-Ins. Face-to-face meeting with walk-in customers. Stars & Stripes Homes has a bricks and mortar location! We receive numerous walk-in's due to our main office's unique location across from Buckley Air Force Base, our sister office location across from the Cherry Creek High School in the Denver Tech Center, our sister office in Parker, and our close association with government tenants and organizations, and proximity to University of Colorado Hospital Complex @ Fitzsimons, and the Denver Federal Center in Lakewood,
Although we have numerous walk-in's, we are still waiting for the President to drop in when he/she drives by our office after arriving on Air Force One at Buckley Air Force Base! We keep Old Glory flying outside our front door, but no Presidents, Vice-Presidents or First Ladies have stopped in to see us yet! We will let you know when they do!
You get what you pay for. There are no upfront fees! We earn our pay when we find a qualified tenant, have a signed lease and received rent and the tenant has moved into your home!
Monthly Management Fee - Our monthly management fees start as low as $99.00 per month and typically range from eight per cent (8%) to ten percent (10%) of the monthly rent we collect on your behalf. Please contact us for a custom quote on your home.
Good question! Consumers have varying views of the Better Business Bureau (BBB). For many, the BBB is a vehicle to vet (according to Webster's Dictionary, vet is "to appraise, verify or check for accuracy, authenticity, validity, etc.") those companies that meet the business standards and practices of the BBB versus those that do not.
Yes, Stars & Stripes Homes, Inc. Is a BBB Accredited business and holds an A+ rating. Click to see our rating HERE.
Stars & Stripes Homes, Inc.serves 600+ homeowners and one foreign government embassy (England). Most of the homes we manage are located in the Denver-Aurora Metro Area and have a market value in the $150,000.00 to $500,000.00 price range! Stars & Stripes Homes, Inc. is a medium size company that is neither too large nor too small - but the right size to provide the quality services customers need and receive. All of our Property Managers are licensed, insured and are full time. All Stars & Stripes Homes, Inc. Property Managers are members of either the National Association Of Residential Property Managers (NARPM) or the National Association of Realtors (NAR). Shari Oliver-Watkins is a member of both! They all adhere to either the NARPM Code Of Ethics or the NAR Code Of Ethics. Our Property Managers typically manage between 75 and 125 homes, Stars & Stripes Homes, Inc. is a home-grown Colorado company! Not a franchise! Our Full Time Property Managers are supported by an in-house Accountant/Book Keeper and full time Administrative Support Staff.
We do. Prospective tenants complete our application. We conduct background checks on general information (previous landlord, employer, other personal references), verify income, history of bounced checks, and check for derogatory information such as police records, arrests, bankruptcies or foreclosures. Experience over the years has taught us that properly screening tenants is the most important step in successfully managing your home. Our process is assisted by Experian - one of the three major credit bureaus in the United States. The Experian report we receive - that we share with you the owner - includes the applicant's FICO score (Fair, Issac, and COmpany) and available police reports.
All of our Property Managers are full-time, licensed, and insured brokers and realtors. Typically, each Property Manager manages between 75 and 125 homes. They:
Yes, Stars & Stripes Homes, Inc. is a licensed and registered company in the State Of Colorado. We are not a franchise registered in another state. The Office of the Secretary Of State (SOS) of Colorado certifies that Stars & Stripes Homes, Inc. is a corporation that was formed in 2002 under Colorado law and complies with all applicable requirements of the office of the Colorado Secretary of State.
For more information about the Stars & Stripes Homes, Inc certificate, click SOS Certificate Of Good Standing, or visit the Colorado Secretary Of State website and look up businesses then type in "Stars & Stripes Homes".
Real Estate. According to Donald Trump, "It's tangible, it's solid, it's beautiful, it's artistic, from my standpoint, I just love real estate."
Owning an investment home can be a smart investment for many but it does involve risk similar to other investments. As an investment owner it is important to us that you understand these risks. We will do what we can to maximize the profitability of your investment. However, please understand that there may be times when losses occur. We like to review the below items when we meet with you to discuss the management of your home. The list is based upon our experience with tenants and home owners! The items help us ensure that your expectations and reality are as close as possible!
Colorado Eviction occurs when the court enters an order for the tenant to vacate the home. This order is enforceable only by the sheriff. It allows the sheriff to monitor the removal of the tenant and their property from the premises. As in most states it is never legal for a Colorado landlord to evict a tenant without a court order.
When a Colorado Tenant Does Not Pay The Rent:
Before filing a suit to evict a tenant for nonpayment of rent, the landlord must post a written, signed demand giving the tenant the choice of either paying the past due rent or moving out within three days. In computing the period of days the first day is excluded. Therefore, the three day time period begins the day following the posting. The notice must be posted in a conspicuous place on the premises. After the notice has been posted and if the tenant has not paid the rent or moved out within three days, the landlord need not accept the rent and may file an eviction suit at your local Justice Center. The time begins running whether or not the tenant discovers it posted. Also the time continues to run regardless if it is a Saturday, a Sunday, or a holiday. The tenant's legal right to this three day notice prior to eviction for nonpayment of rent cannot be taken away by the language in a lease.
When a Tenant has Broken A Condition of the Lease:
Before filing a suit to evict a tenant for noncompliance with lease conditions, the landlord must post a written, signed demand in a conspicuous place for delivery of possession of the premises. The notice must state the reason the landlord believes the tenant is in violation of the lease and give the tenant three days to either move out voluntarily or correct the violation. (Noise violations are particularly difficult issues for both landlords and tenants regarding eviction.) After the written notice has been posted and if the tenant has not moved out by the end of the three days and has not corrected the violation, the landlord may file an eviction suit at the Justice Center, 6th and Canyon. In computing the three day notice the first day is excluded. Therefore, the three day period begins the day following the posting. The start of the three day time limit begins running whether or not the tenant discovers it posted. Also the time continues to run regardless of whether it is a Saturday, a Sunday or a holiday.
A helpful website for more information on the Colorado Eviction Process https://www.THSLawFirm.com, the company website for Hopkins-Tschetter-Sulzer Law Firm - Colorado's largest "eviction" law firm. Via this website, you can also sign up for a helpful and very informative monthly, electronic Landlord Newsletter.