SCHEDULE OF PROPERTY MANAGEMENT SERVICES

Advertising
• Print media (We advertise in the MLS and give the owner the option of advertising in local major newspapers.)
• Electronic media – All listings are posted on our web site at ftipm.com and various rental websites. Pictures are attached to each listing.
• A “For Lease ” sign is posted in front of the property.

Tenant Qualification
• Prior to showings, prospective tenants are pre-qualified over the telephone according to the restrictions of the property (pets, smokers) and an appointment to show the property is made. If interested, application is processed and verified.
• Credit checks are run and previous rental history and employment are verified.

Security Deposit
• In accordance with California State trust law, the security deposit is normally $25-$50 more than one month's rent. Said deposit shall not be used as last month's rent.

Rent Collection
• Rent is collected on the first of each month as stated on the lease. Statements are not mailed to the tenants. A late fee of $25.00 is assessed after the fifth of the month.

Property Inspections
•Property management administrators will drive by the property periodically and conduct exterior inspections. Interior inspections are conducted if needed.

Maintenance
• Hire, oversee & approve all work orders on said rental. Independent contractors
(Licensed, bonded and insured) are used.

Payments
•Any payments related to the rental property, excluding mortgage, insurance and taxes. Other payments (such as homeowner's dues and home warranty renewal) are in accordance with the owner's instructions.

Statements & Deposits
• FTI Property Management uses Property Boss, a state of the art management software which provides a detailed income and expense report. Reconciled account journals are sent to each property owner on a monthly basis.
• Rental income is deposited into a trust bank account set up for each property.


SCHEDULE OF PROPERTY MANAGEMENT FEES



1. Leasing Commission - 100% leasing fee each time a lease agreement is signed for each property.

2. Actual advertising costs.

3. Management Fee - A monthly management fee which is 10% of one full month's rent when property is occupied. A monthly management fee of $100 when the property is vacant.