Lafayette & West Lafayette Property Management
We take care of your rental property for you so you can stop stressing and start focusing on the things in life that matter most.
- Stop worrying about the day-to-day aspects of your rental property.
- Enjoy peace of mind knowing you're in the hands of a local expert.
- Own your investment property without it owning you!
Are you ready to transform your Lafayette rental property into a virtually hands-off investment?
- Do you struggle to find the right renters?
- Are you sure your investment income is being maximized?
- Do you feel overwhelmed by your landlord duties?
A well managed rental property can be a great passive income stream for your family. At Sorola Properties, we work hard to make sure that your Lafayette or West Lafayette rental property is managed in a way that protects and maximizes your investment, retains quality tenants, and alleviates the stress that comes with owning investment property.
How It Works
1
Schedule A Free Consultation
To get started, contact us to book a property management consult where we will review your property and assess your needs to see if we are a good fit.
2
Sign Management Agreement
If we both agree that it makes sense to move forward, we will draft a Property Management Agreement outlining our arrangement for your property.
3
Enjoy A Smooth, Stress-Free Transition
Once you become our client, we will put our experience and expertise to work to ensure a smooth transition for both you and your renters. Then, you can relax and let us handle things from there!
Sorola Properties has been incredibly helpful and professional when it comes to managing our properties. They were also super resourceful when we needed to sell a property. I would highly recommend them for all your property management needs.
Sorola Properties makes owning a rental property easy.
Quality
A property can be prioritized and managed efficiently, but without detailed attention to both tenant needs and the cost of those needs, a good rental situation can quickly become a bad one.
Care
We are dedicated to ensuring that both your property and it’s occupants are treated with respect. We understand the responsibility of managing your property and will prioritize its needs.
Efficiency
We try our best to keep your tenants happy AND keep your expenses to a minimum. Attending to issues in a cost-efficient way is our expertise.
See What's Included With Our Property Management Services
- Property market rental evaluations (initial property viewing to determine the home’s competitive status in today’s rental market)
- Market rent study (recommendations to owners to improve property’s marketability)
- Design & placement of listing and advertising (including free forums such as Craigslist, Trulia, Zillow, etc…)
- Dedicated web page for vacant property until rented or sold
- Handling of rental inquiries and showings of vacant properties
- Rental application processing (tenant screening), criminal search, sex offender search, credit report, employment history and verification, previous address verification, previous landlord contact, and reference contact
- Thorough lease review for tenants of all provisions prior to start date
- Lease execution, collection of initial move-in monies (rent & security deposit via certified funds)
- Move-in inspection of the property’s condition at occupancy (signed by both tenant and property manager)
- Minimum monthly drive-by inspection of property
- Ability to accept automatic direct deposit rent payments from resident’s personal bank account
- Financial reports to owner anytime 24/7 online access via Owner’s Portal
- Option for owners to receive monthly disbursement via Electronic Funds Transfer (EFT) with Centier Bank
- Non-interest-bearing escrow account for tenant security deposits
- Arranging for routine maintenance
- Owner consultation (as needed)
- Lease violation notices to tenant (as needed)
- Eviction action for non-payment of rent or lease violation (if required)
- Move-out inspection and security deposit reconciliation when tenant vacates
- Negotiation of lease renewals
Property Management is more than a job to us.
We have the responsibility of taking care of someone’s home and to us, that takes top priority. We know that you want a happy and consistent tenant and so do we. It doesn’t take much for a tenant to go from happy to flustered when something unexpected happens: a leaking faucet, a broken appliance, or a quirky furnace.
Sorola Properties works hard to make tenants feel like their needs are being met with utmost urgency. With that said, we do also realize that you need to operate your real estate business in a cost-efficient manner. Because of this, Sorola Properties works hard to walk the balance of prioritizing the needs of your tenants, as well as keeping costs at a manageable, but effective level.
A well maintained property can reduce tenant turnover rates. While it’s true that not every situation can be resolved perfectly according to every preference, every situation can be addressed in a way shows initiative and genuine concern.
Quality Property Maintenance That Saves You Money In The Long Run
Sorola Properties is dedicated to helping property owners save money by providing high quality property maintenance on all of their rentals. Our team is trained to catch maintenance issues quickly before they become bigger and more expensive problems. We have the in-house experience and contractor relationships to make sure the work gets done quickly and is done right, ensuring that your property is always in top condition. Trust Sorola Properties to take care of all your property maintenance needs and save you money in the long run.
You Might Be Asking...
Yes! We live and work in Lafayette, and we’ve been managing properties and providing real estate services here for many years. We’re efficient in what we do, and strive to provide the highest level of service possible. Come join our family!
We have expertise managing commercial, retail, apartment complexes, townhomes, and single family homes.
Our most satisfied owners are those who have switched from other companies. They know from experience that we take better care of them, their property, and their tenants. (see testimonials)
Self management can work well for people with time and the knowledge to do it effectively. Remember that we’re only a phone call away if you have questions or run into problems while self-managing. If you work full time or have a family and passions that take up most of your time and energy, you can benefit from professional management. We know the laws, understand the leasing process, and have a great maintenance team that keeps your maintenance costs low. We also have relationships with vendors that help us keep your property in great shape.
We know what is required to maintain a property. We set out to start a management company with your perspective as an owner. We at Sorola Properties look at maintenance and repairs as an opportunity to save you money. We do this by doing most maintenance and repairs – “in house.” Our maintenance techs are skilled and efficient. They can get things done better and for less than most people can for themselves. We also have a list of trusted and proven vendors who do great work, and give us great prices,which we pass on to you.
We start our exhaustive screening process by pre-screening a prospective tenant when an inquiry comes in. By asking a series of questions, we can weed out tenants who in due course would not qualify. We then have the prospective tenant pay a fee and fill out an application. We verify financial, employment, tax and resident information. We check credit score, criminal, and payment history. A bad tenant can tear up your property, and cost you thousands of dollars. While a good tenant is worth their weight in gold. Screening tenants is one of the most important responsibilities we have.
We believe in and strive for simplicity and transparency in everything we do. Our management fee is 10% of gross receipts for single family homes. Multi family properties are negotiable.
Both! We can help you buy property, sell property, and manage your existing investments. We also manage construction projects and rehabs every summer.
