Vision Realty

About Vision Realty

Vision Realty Property Management has been managing properties for over 25 years in El Paso, TX. We specialize in single residential homes. In this period of time we have developed a comprehensive understanding of the uniqueness of the rental market in El Paso, TX.

We take care of your investment property like we take care of our own personal investment homes. Our approach is very hands on and direct. We take very serious the fact that you have entrusted us with your most valued Real Estate investments.

Our main focus is on the following four areas. We do our best to obtain the maximum rent the market will allow. Tenants are carefully screened to try and obtain the most responsible applicants that will take good care of your property and pay the rent on time. Controlling maintenance cost is also critical. We keep costs at a minimum while at the same time making sure that we receive quality work. This is done through the many years of working relationship that we have developed with our suppliers and contractors.

Vision Realty Property Management Services

Evaluate the property and determine an accurate rental rate

• Perform detailed documentation of the interior and exterior including photos
• Offer recommendations on repairs and cosmetic improvements that maximize monthly rent
• Gather data on rental rates in the area and work with owners to determine the optimal rental rate.

Market the property for rent

• Prepare home for rent
• Create ads tailored to the property and advertising medium

Tenant Screening and Selection

• Perform a background check to verify identity, income, credit history, rental history, etc..
• Grade tenant according to pre-defined tenant criteria
• Inform tenants who were turned down

Tenant Move In

• Draw up leasing agreement
• Review lease guidelines with tenant regarding things like rental payment, terms, and required property maintenance
• Perform detailed move in inspection with tenant and have tenants sign a report verifying the condition of the property prior to move in

Rent Collection

• Receiving Rent
• Hunting down late payments
• Sending out pay or quit notices

Evictions

• Filing relevant paperwork to initiate and complete an unlawful detainer action
• Representing owner in court
• Coordinating with law enforcement to remove tenant and tenants possessions from unit

Legal

• Refer owner to a qualified attorney when necessary for legal advise
• Understand an abide by the latest local, state and federal legislation that apply to renting and maintaining rental properties

Financial

• Detailed documentation of expenses via invoices and receipts
• Maintain all historical records (paid invoices, leases, inspection reports, warranties,etc.)
• Provide annual reporting, structured for tax purposes as well as required tax documents including a 1099 form
• Provide an easy to read monthly cash-flow statements which offer a detailed breakdown if income and itemized expenses

Maintenance, Repairs, and Remodeling

• Provide a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code
• Assign jobs to different parties (in-house employees, handyman and professional contractors) based on who will do the best job for the price
• Maintain and monitor a 24 hour emergency repair hot-line
• Larger renovation or rehab projects
• Provide recommendations on how the project can maximize rental income
• Prepare preliminary cost estimates
• Get multiple independent bids for the work
• Act as general contractor overseeing the work

Tenant Move Out

• Inspect unit and fill out a report on the property's condition when the tenant moves out
• Provide tenant with a copy as well as estimated charges
• Return the balance of the security deposit to the tenant
• Forward any portion of the owner's share to the owner or hold in owner's reserve for repairs
• Clean unit and perform any needed repairs or upgrades
• Re-Key the locks
• Put property back on market for rent

We look forward to hearing from you soon! And when you're in El Paso we hope you come in and visit.