Long and Foster Real Estate

SPECIAL LIMITED TIME OFFER: 5% management fee for first 3 months of service!

THE LONG & FOSTER DIFFERENCE

Long & Foster has been in the property management business over 30 years. In that time we have grown to become one of the largest privately owned real estate companies in the mid-Atlantic region. Residential real estate is our focus and our core business. Long & Foster is a property management solution you can count on to be there today, tomorrow, and beyond. Our name means quality and that reputation is the bedrock upon which our success has been built. We work hard every day to earn the trust and loyalty of our customers and clients to continue this tradition of excellence.

WHY LONG & FOSTER IS THE RIGHT CHOICE

The real estate market has undergone a paradigm shift. Quality rental properties are in demand like never before. Long & Foster serves that need with a robust property management division that delivers a high touch, time tested management program to landlords throughout the mid-Atlantic region. Through innovation and a sincere commitment to excellence we provide superior value and all the tools to make owning investment real estate a rewarding experience. Landlords need effective, reliable counsel and the expertise of a competent, capable business partner to thrive in a real estate market of complex challenges and increasing regulatory constraints. Long & Foster is positioned to deliver the complete range of services investment property owners expect and deserve.

VALUE

Choosing the right management company for your real estate assets is a big decision. As with any business expense, cost is an important consideration. At Long & Foster we focus on providing value to our clients and customers through investments in our people, technology, and the prestige of our brand. We understand that cutting corners for the sake of beating a competitor's price means providing reduced service with inferior tools. Working with a management firm providing less exposure for your rental property results in longer market times and vacancy, quickly evaporating any savings a reduced management fee offers.

SERVICES

Counseling

• Is renting the right choice for you?
• What is a fair market rent for your property?
• Which improvements will enhance the appeal of your property to potential tenants?
• What leasing strategy is most compatible with your long-term goals for the property?
• Should you consider any concessions or incentives to secure tenants more quickly?
• Should you or shouldn't you allow pets?
• What is the process for handling maintenance, difficult tenants, etc....

Pre-Leasing Tasks

• Pre-Leasing Tasks
• Monitoring inquiries and showings to obtain feedback and adjust price/term to market conditions.
• Notifying Home Owner's Association, service contract providers, and others as appropriate with new contact information when information is provided by the landlord.
• Listing with Multiple Listing Service, Housing Offices, Internet, and Exposure through our extensive network of sales associates.

Application / Leasing

• Securing certified funds at time of lease execution.
• Complete applicant screening process to include credit history, employment verifications, landlord references, income information, and criminal background screening.
• Progressive qualification criteria to evaluate relative risk.
• Our leases are some of the best available and have been tested in all courts for areas we serve. We constantly update and review them to protect the interests of our landlords.
• Escrow and accounting for deposits held for tenants.
• Payment of any interest required by law.
• Thorough documentation completed as well as photographs taken of the property prior to tenants moving in.

Services while property is rented

• Interaction with tenants to address maintenance needs, compliance issues, and negotiation of renewal terms.
• Monthly accounting and issuance of detailed statements to landlord.
• Annual IRS 1099 for tax purposes.
• Maintenance coordination and oversight. Invoice approval.
• Quick payment - Owner can received their owner draws within 48 hours of rent collection.
• Web-based Owner Portal allows you 24/7 access to reports, maintenance records, other information on your property.
• Only fully licensed and insured contractors are used on your property.
• Thorough property inspection once the tenants have vacated including photographs.
• Reconciliation of tenant security deposit and returning of appropriate funds to tenant.