Allegro Properties has provided a wide range of property management services to residential and commercial properties throughout Stowe Vermont since 2010.

 

As a company, Allegro offers a great deal.  But, we can do as much or as little as a client would like.

 

In house, our staff is equipped to provide screening and leasing services; financial management and budgeting, including the development of capital plans; regular maintenance and repair services; some landscaping services, and painting and carpentry.  We are also equipped to provide all of the organization and management of sub-contracted services like plowing and snow removal, electrical, heating/cooling, plumbing services, and accounting and legal services; and develop plans for capital projects, among other activities.

 

Applicants / Screening and Selection

• Publicize/advertise apartment availability at time of projected vacancy

• Send applications to interested parties

• Receive and process applications – perform financial screening, perform criminal background check, determine eligibility according to screening and property policies

• Select desired candidate

• Notify any other applicants of filled vacancy

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Move-In

• Prepare lease agreement per state and federal law, and property policies

• Confirm date of move-in and financial requirements at time of move-in

• Review lease and all property policies with tenant (rental terms, House Rules, property maintenance, etc.)

• Ensure all agreements are properly executed

• Perform inspection of unit prior to move-in and written verification from tenant of the condition of the unit

• Collect first month’s rent and security deposit

 

Rent Collection

• Receive rent from each tenant each month

• Ensure all late payments are collected

• Execute written back pay agreements if necessary

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Evictions

• Execute Termination of Tenancy notices, if necessary for non-payment of rent or other violations of lease

• Hire experienced attorney (with approval of owner) to process eviction

• Facilitate eviction with attorney by providing all necessary information and documentation

• Be present at all court appearances

 

Legal

• Understand and abide by all of the local, state, and federal laws that apply to renting and maintaining rental properties

• Advise owner in the event of a legal dispute or litigation

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Financial

• Do annual budgeting for the upcoming year at the end of each year.  And, provide updates to owner throughout the year

• Provide all financial services for property – pay all bills, collect rental income, collect any other income, etc.

• Reconcile all accounts each month

• Ensure detailed documentation of expenses via invoices and receipts

• Maintain all historical records (paid invoices, leases, terminations, etc.)

• Provide annual reporting, structured for tax purposes as well as required tax documents including any needed 1099 forms, to accountant and owners

• Advise owner on any known relevant tax changes related to their rental property

• Provide easy to read financial statements which offer a detailed breakdown of income and itemized expenses to owner and accountant

 

Maintenance, Repairs, and Remodeling

• Provide and oversee an in-house, full-time and part-time maintenance crew

• Maintain a preventative maintenance policy to identify and address repair needs

• Maintain a regular maintenance program for property, including all requirements in the state’s Essential Maintenance Practices Program

• Maintain a daily/weekly/monthly maintenance and repair log to receive the maintenance request from tenant, resolve it in-house, or hire an outside sub-contractor if job necessitates it

• Keep a network of licensed, bonded and fully insured contractors who have been vetted for good pricing and good work that is up to code

• Assign jobs to different parties (in-house employees, professional sub-contractors) based on who will do the best job for the best price

  • Currently, properties managed by Allegro contract with Stowe Home Care Maintenance to provide plowing and snow removal in the winters, and some landscaping in the spring/summer

• Maintain 24 hour emergency access to Allegro staff by tenants

• Establish and maintain a Capital Expenditure program for large, capital projects (roofs, gutters, large landscaping jobs, large plumbing and heating upgrades, exterior painting and carpentry, etc.)

• Larger renovation, grounds, or rehab projects

  • Prepare preliminary cost estimates

  • Get multiple independent bids for the work

  • Act as general contractor overseeing the work

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Tenant Move Out

• Inspect unit and fill out a report on the property's condition when the tenant moves out

• Provide tenant with a copy of inspection report, as well as estimated damages, if any

• Return the balance of the security deposit to the tenant

• Return any portion of the owner’s portion of the tenant deposit to the General Fund

• Clean unit and perform any needed repairs or upgrades

• Rent unit to new tenant

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The Monthly Management Contract with Allegro Properties can include all of the above activities or those selected by the Client.

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Monthly Contract Fee varies depending on scope of services provided.

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