Scope of Work – Property Management, Rental/Sales, and Tax Deed Property Acquisition

  1. Introduction

This Scope of Work document outlines the services provided by Hensley Holdings, LLC in the areas of property management, rental/sales, and tax deed property acquisition. The scope of work covers the following key areas:

  • Property Management: Managing properties on behalf of property owners, including tenant management, maintenance, and financial oversight.
  • Rental/Sales: Facilitating the rental and sale of properties, including property marketing, tenant screening, lease agreements, and property showings.
  • Tax Deed Property Acquisition: Identifying and acquiring tax deed properties for resale, conducting due diligence, and coordinating the resale process.
  1. Property Management Services

2.1 Tenant Management

  • Advertising available properties for rent.
  • Tenant screening, including background checks, credit checks, and verification of references.
  • Lease agreement preparation and signing.
  • Rent collection and timely disbursal to property owners.
  • Handling tenant inquiries, complaints, and maintenance requests.
  • Conducting regular property inspections.
  • Coordination of lease renewals and terminations.

2.2 Property Maintenance

  • Overseeing property maintenance and repairs.
  • Coordinating with contractors and service providers for repairs and maintenance work.
  • Performing routine property inspections to identify maintenance needs.
  • Handling emergency repairs promptly.
  • Ensuring compliance with applicable property maintenance regulations and codes.

2.3 Financial Oversight

  • Collecting and tracking rental income and expenses.
  • Preparing regular financial reports for property owners.
  • Managing property-related financial transactions, including utility payments, property taxes, and insurance premiums.
  • Budgeting and forecasting for property expenses.
  • Providing property owners with financial summaries and recommendations.
  1. Rental/Sales Services

3.1 Property Marketing

  • Creating property listings with detailed descriptions and high-quality visuals.
  • Promoting properties through various online and offline channels.
  • Conducting property showings and open houses.
  • Responding to inquiries and scheduling property viewings.

3.2 Tenant Screening and Lease Agreements

  • Conducting thorough tenant screening processes, including background checks, credit checks, and reference verification.
  • Preparing and executing lease agreements.
  • Explaining lease terms and obligations to tenants.
  • Collecting security deposits and initial rent payments.

3.3 Property Showings and Negotiations

  • Organizing property viewings and showings for potential tenants or buyers.
  • Assisting with negotiations between tenants or buyers and property owners.
  • Facilitating the completion of rental or sales agreements.
  1. Tax Deed Property Acquisition

4.1 Identification of Tax Deed Properties

  • Conducting research and analysis to identify tax deed properties available for acquisition.
  • Evaluating potential properties based on investment criteria and objectives.
  • Determining the feasibility of acquiring tax deed properties for resale.

4.2 Due Diligence

  • Conducting comprehensive due diligence on potential tax deed properties, including title searches, property inspections, and assessment of liens or encumbrances.
  • Assessing market value and potential resale value of tax deed properties.
  • Identifying any legal or regulatory issues associated with the properties.

4.3 Acquisition and Resale Process

  • Managing the acquisition process, including bidding on tax deed properties and completing necessary paperwork.
  • Coordinating property rehabilitation or improvements, if required.
  • Developing and implementing marketing strategies for the resale of tax deed properties.
  • Facilitating property sales, including negotiation, contract preparation, and closing procedures.
  1. Conclusion

This Scope of Work document outlines the services provided by Hensley Holdings, LLC in property management, rental/sales, and tax deed property acquisition. The scope of work covers the key areas mentioned above and serves as a guide for understanding the services offered by Hensley Holdings, LLC in these domains.