Prosperity Asset Management :: Baltimore City Property Management

LATEST BALTIMORE MD LISTING

- 2757 The Alameda
- 2767 The Alameda
- 2811 The Alameda
- 3101 Pelham Ave
- 3403 Ravenwood Ave
- 3417 Ravenwood Ave
- 3858 Lyndale Ave

//APPLY

PAYMENT ADDRESS:
211 E LOMBARD STREET #265

BALTIMORE, MD 21202

OFFICE:
PHONE: 800.818.0568
FAX: 888.736.5922

Property Management for Landlords

Proserity Asset Management (P.A.M) ensures that your real estate investment performs to its fullest potential. As a service driven company P.A.M is committed to delivering superior service to all of our clients.

In this section of our site:

The services we provide include but are not limited to:

TENANT ACQUISITON

We screen tenants with care because we know how costly having the wrong tenant can be. Our screening process calls for the consideration of:

1 - pay stubs for income verification

2 - bank statements for expenses and habits

3 - credit checks for integrity.

4 - current landlord referral to help determine how well the prospective tenant treats his/her current residence

DAY-TO-DAY OPERATIONS, MAINTENANCE & MANAGEMENT

We have dedicated maintenance staf to attend to all maintenance items. In addition we handle emergency maintenance, including 24 hour / 7 days per week emergency service requests.

CAPITAL IMPROVEMENTS

Capital improvements are overseen by us. All bids are presented to our owners for approval.

TENANT BILLINGS & COLLECTIONS

All funds collected are recorded by our agents. No cash is accepted on site, only cashier's checks, money orders and personal checks.

EXPENSE PAYMENT & MONITORING

Payment of all invoices and monitoring of each property's cash requirements are handled by our office. As soon as invoices are received, the payable information is data entered so that payables can be tracked efficiently. Once the cash requirements are determined, we work with the property owner to review estimates and prioritize maintenance items open and having cash requirements

To establish an account, the following items are needed for each property:

(a) A copy of proof of ownership, Deed of Trust

(b) A copy of a completed W-9 form.

(d) A copy of the M.D.E. Certificate (Lead Paint Certificate)

(e) A completed copy of the P.A.M Management Agreement

The main fees and expenses associated with our services include:

SECURITY DEPOSITS	Security deposits are the sole possession of the tenant. By law all security deposits must be set up in an interest bearing account, and a security deposit deposition must accompany the reimbursement of funds to the tenant. P.A.M will facilitate all fiduciary responsibilities in respects to Tenant Security Deposits.
OPERATING EXPENSES	Maintenance work will be billed at an hourly rate and will not exceed a set threshold as outlined by management agreement unless approved by the owner. Any material or parts purchase by P.A.M for the purpose of completing a maintenance item, will be billed to the owner as a capital expenditure.
COURT COSTS	There are a number of different rent court related services that are provided. These costs are incurred by the owner, as they are considered an operating expense. The charges and fees for rent court detailed in our Management Agreement.
EVICTIONS & TURNOVER EXPENSES	Evictions and tenant turnover can be very costly due to possible damage done to the home as well as periods of vacancy. The cost of an eviction can vary depending on the circumstances of the eviction and/or turnover. As your property manager MMC Realty conducts bi-weekly and seasonal inspections of your property to insure that it is being properly maintained.
LEASING/RENEWAL EXPENSES	In the event that a property goes through a turnover or eviction, P.A.M will be tasked to re-leasing the property with a tenant that meets the standards set forth by the management company. The fee for such a tenant acquisition is typically a percentage of the rental amount being requested for that particular property. If a tenant remains in good standing through the course of their lease term, they will eligible for a renewal at owners’ discretion.