Property Management

Why Trust Franklin to Manage Your Rental Property?

Property Management

We've been providing professional property management, and tenant placement services to the communities of Morro Bay, Cayucos, and Los Osos since 1972. We have a reputation of finding good tenants for good homes. We invest in advanced technology systems so we can provide you with the best service and manage your properties efficiently and effectively.Our property management services range from full-management to tenant placement only.

Full Management Service

  • Place a Franklin Real Estate & Rentals for rent sign on the property.
  • Advertise the property on our website and other selected websites.
  • Feature the property on our rental list which is distributed daily from our office location.
  • Accept applications and screen applicants, which include checking with past and present landlords, verifying employment and checking credit history.
  • Draw a valid rental agreement, have the tenant sign the rental agreement, collect certified funds, and deposit in Brokers Trust Account before giving tenants keys and possession.
  • Conduct a move-in inspection and give a copy to tenant.
  • Perform a physical inspection of the property annually, or more when warranted.
  • Present suggestions for preventive maintenance and/or upgrades to the property to the owner for evaluation and approval after each scheduled inspection.
  • Do move-out inspection after tenant vacates and schedule any necessary work that is a tenant incurred expense.
  • Return security deposits to tenants within the necessary time frame of 21-days, which is required by law, less any deductions for repairs.
  • Available 24 hours a day, 7 days a week to handle tenant emergency maintenance issues.
  • Collect rent, pay expenses, and distribute Owners net, along with a monthly computerized statement of income and expense. We also furnish a 1099 and year-end statement.
  • Handle any late rents and deliver any necessary 3-day notices.
  • We will also pay mortgage payments, taxes, insurance, utilities, and all other property related expenses out of the rent if instructed by the owner.

Tenant Placement Service  

  • Place a Franklin Real Estate & Rental for rent sign on the property.
  • Advertise the property on our website and other selected websites.
  • Feature the property on our rental list which is distributed daily from our office location.
  • Accept applications and screen applicants, which include checking with past and present landlords, verifying employment and checking credit history.
  • Review all applicants information with the owner for final approval.
  • Draw a valid rental agreement, have the tenant sign the rental agreement, collect certified funds, give the tenant keys and possession, and owner contact information.
  • Provide tenant a move-in inspection form to complete and instructions to mail a copy to owner.
  • Forward the contract, security deposit and rent to the owner less our placement fee.

Our Technology Advantage

We invest in advanced technology systems so we can provide you with the best service and manage your properties efficiently and effectively. We have chosen property management and accounting software called AppFolio Property Manager. Some of the benefits that we are able to pass on to you:
  • We can respond faster and provide better service to both owners and tenants.
  • We can securely access information about all properties at any time and from anywhere. Sensitive data is securely housed in a state-of-art data center, and backed up regularly and automatically.
  • Monthly statements can be delivered to your email inbox, saving time and paper.
  • The statements are easy to read and provide you with a quick snapshot of your property details for the past month.
  • We address property maintenance issues faster.
  • We can create electronic work orders and communicate with vendors so we quickly solve issues.
  • You will be paid faster and more securely.
  • We are able to use electronic payments (ACH) to deposit funds directly into your bank account.
  • We can more effectively market your properties to fill vacancies sooner.
  • We can quickly and professionally advertise your properties on our Web site, Craigslist, and other Web sites.

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