Thank you for considering DESIGN HOUSE LLC
Option 1
Tenant Placement
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We will locate and place a tenant in the unit on a 1yr lease agreement and process all necessary forms for HUD acceptance
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Cost is 1 months rental fee: typically we would collect the security deposit (no upfront funds from investor with this option)
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Investor self manages the unit and can call as a resource for maintenance & repairs (trip charge for assessment)
Option 2
Tenant Placement & Full Property Management
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We will locate and place a tenant in the unit on a 1yr lease agreement and process all necessary forms for HUD acceptance
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We will collect and enforce rental payments from both Housing as well as tenant and forward over funds to investor
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We will evaluate any property maintenance at no additional cost for estimate or try to asses “cause”
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We can provide and/or locate a contractor to perform necessary maintenance on the unit (typically a lower cost than outside vendors)
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Tenant has no direct contact with investor all calls/issues are routed to Property Management
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Cost is 1 months rental fee: typically we would collect the security deposit (no upfront funds from investor with this option) Monthly cost is 8% of the rental fee *
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Encourage lease renewal (average tenant duration is 3-4years)
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Request rental increase to HUD after 1st year lease agreement (no additional charge/10 month mark)