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Property Management |
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Property management can be a time consuming task. Tenant
screening, rent collection and the day-to-day management and
bookkeeping can be a full time job, especially when you have more
productive matters that need your focused attention. At Watanabe
International, Inc., we handle all aspects of managing your
property. We watch out for your interest while you care for the more
important details that require your own personal touch.
Every successful property management program begins with a detailed
management plan based on your goals as an owner, and our
professional knowledge of the property’s physical and financial
conditions. Each individual plan establishes policies and procedures
that are implemented and executed to best achieve your ownership
goals.
Watanabe International, Inc. offers a wide range of in-house
services and maintains a high level of support for you, the property
owner. A brief outline of our management services follows, along
with a short explanation of how we utilize each service to
effectively manage your property.
Interesting in having us manage your property?
With over twenty years of experience, we have shown that we provide
both professional and effective property management. We would be
more than happy to sit down and discuss, in detail, our services and
answer any questions and alleviate any concerns you may have
regarding the management of your property. Please contact us at
(808) 486-5534
Servicing our Landlords/Owners – Valuable Services for you and your
properties!
MARKETING
After discussing ownership goals, we determine the current rental
value by doing a rental analysis of area properties, taking into
consideration the similarities and differences of physical
characteristics such as type of structure, age and general
appearance. When a marketable rate is determined, we then present
the property to prospective tenants through newspaper advertising,
military housing referral offices and continual exposure through the
housing inquiries in our Real Estate office.
TENANT SCREENING and SELECTION
With our property manager always present, property viewings are
scheduled with interested parties. We realize that the majority of
folks work during the day so we often schedule viewings in the late
afternoon and on weekends. Once rental applications are submitted,
we then screen and qualify all prospective tenants. Credit checks
are performed, employment is verified and previous landlords are
contacted to verify payment history and property care and upkeep. We
then contact you with the above information and make our
recommendations.
LEASES and TENANT CHECK-IN
Once a qualified applicant is selected, they are brought into our
office where they sit with our licensed property manager to go over
the terms and conditions of their lease. All tenants are required to
sign this rental agreement, acknowledging the contract and their
responsibilities. At Watanabe International, Inc., we recommend an
initial lease period of six (6) months in order to ensure proper
care of the unit and tenant responsibility. If, at the end of this
initial period all requirements are met and all parties agree, an
extended lease can be entered into at this time.
At the time of signing, the security deposit, equal to one month’s
rent, is collected along with any pro-rated rent due from the date
of occupancy to the end of the first month. The tenants are then
given keys and an Inventory and Condition check-in sheet, which must
be completed room by room and signed and dated by the tenant and
property manager. This sheet is then used for Inventory and
Condition comparison at the time of tenant move-out.
RENT COLLECTION and OWNER DISBURSEMENT
At Watanabe International, Inc., we handle all receivables, payables
and monthly financial reporting. We maintain strict control to
alleviate your day-to-day concerns. All rents are due and payable by
midnight of the first day of each month. Once the monies are
collected, all maintenance or repair costs, General Excise Tax fees,
or other items deemed necessary by the owner for payment are
deducted from the rent along with the monthly management fee. Any
and all residual rent monies will then be disbursed to the owner or
his agent, or deposited directly into his designated checking or
savings account. Accompanying the monetary disbursement will be a
monthly Cash Flow Statement for each individual property, which
shows an itemized account of all income and expenses including a
year-to-date total. These reports keep you fully informed on the
operation of your property.
In the event that rent is not received by the due date, procedures
required by the Hawaii Landlord-Tenant Code are strictly followed in
order to assure payment or, if need be, begin eviction proceedings
to minimize potential loss to the owner.
MAINTENANCE and PROPERTY INSPECTION
If maintenance or repairs are deemed necessary, we will place a work
order with a contractor or handyman who provides us with fast and
economical service on a regular basis. We will use our discretion,
unless otherwise directed, and contact you only on work orders of
more than $200.00. To assure proper care and upkeep of the property
and that tenants are adhering to the terms of the rental contract,
the property manager will conduct routine property inspections.
MANAGEMENT FEE
An initial owner reserve of $200.00 is to be placed on your account.
This deposit will be used, if need be, for the General Excise Tax
license fee and/or the initial newspaper advertising cost. The
$200.00 will remain in the account for the duration of the
management contract to cover any expense that may be incurred during
the month and after the owner disbursements have been made. This
$200.00 deposit will be refunded to the owner at the termination of
the management agreement.
Along with the initial deposit, a fee of 10% of the monthly rent
will be charged for each property managed by Watanabe International
Inc.
Testimonials
“I have been with Watanabe International, Inc. since 1989 and they
have always managed our properties. When we relocated to Guam for 10
years, we were not financially in a position where we could afford a
mortgage without rental income. I can say that 99% of the period we
were on Guam our property had a tenant…listen to their advice on the
rental and real estate market conditions and you will not go wrong!”
Mark T. Tsuda, Kapolei, Hawaii
“Watanabe Realty allowed us to keep our home in Hawaii, while we
were living away in California. They kept it rented at a fair price,
handled the maintenance with minimal effort and no worries for us!”
Charlie Wade, Kailua, Hawaii. Head Coach of Men’s Volleyball at the
University of Hawaii at Manoa
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