World Class Properties

 World Class Properties
World Class Properties provides professional property management services for residential properties including condominiums, townhomes, multi-plex, and single family homes.  Properties managed by World Class are maintained to the highest standards. Our number one goal is to satisfy our customers, large and small investors and home owners alike. We attend to all the details of property management in a courteous and professional manner. Every one of our team members is enthusiastic about providing superior service that best fit your unique needs.

Take a look inside to see the services World Class Properties provides and learn why we are the not just the gold standard, but also the new standard, in residential property management.

Our Services
WORLD CLASS PROPERTY MANAGEMENT QUESTIONS:

Should I Be Searching For A Professional Property Manager?

Today, Arizona Real Estate still remains one of the best investment opportunities available. However, if you are holding income-producing property for cash flow or appreciation purposes, Property Management, either locally or at a distance can become a significant burden. Tenants today are far more demanding and expect that property be more than "just kept up." The laws regarding landlords and tenants provide for tenants to demand compensation when owners are not in compliance. Landlords have protection as well under the law however. We find so often that owners become frustrated and give up their rights just to get rid of the conflict.

A professional Arizona property manager is a problem solver on a daily basis. Just like a doctor, he or she knows how to fix the situation based on past experiences. The wise investor spends time building a portfolio and hires the professional to use their expertise and time managing their investments.

We specialize in professional Arizona Property Management of unfurnished and furnished single family homes Arizona rental homes including single family homes, apartments, town houses, condominiums and home owners associations in Gilbert, Chandler, Mesa, Queen Creek, Maricopa, and Phoenix, including Scottsdale, Sun Lakes and Ahwatukee. We are licensed Arizona Real Estate Property Management professionals with over 50 years of combined experience. We began our business as investors in income producing property.

Thus, we have been on both sides of the spectrum and fully understand the requirements of each party. We realize that there are many Arizona Property Management companies to choose from and we thank you for choosing World Class Property Management.

How much does it cost to have my house professionally managed on a monthly basis & and is there a leasing fee for a new tenant?

Monthly Management Fees: Our fees are simple. 8% of gross rent or $85, whichever is greater. Many companies may have lower monthly rates, but nickel and dime you every month for property management services. We are full service and want to make it as simple as possible. A onetime set up fee of $400 will apply on all new accounts. All fees are deducted from the first months’ rent.

Leasing Fee: World Class Properties has a leasing fee of ½ one month rent with a minimum $500.00. The leasing fee pays the real estate commission which is accompanied by putting your property on the MLS and the co-broke fee involved. If your property is currently rented, than no fees are incurred.



Do I need to worry about bad tenant's damaging my property?

This is the biggest fear in having a renter! Our team puts all applicants through an extensive credit check, background check, and employment check and past landlord verification. If something looks 'fishy' were going to check into it! It is important to know that if we put the best-qualified tenant into your Phoenix rental property it will definitely minimize the chances of having the property returned in poor condition.

We also have found through many years of experience that a person with good credit will apply that type of responsibility to other areas of their life hence, less chance of them damaging your property. We have also found that quarterly inspections of the property help with preventative damages!



How do I get paid and when?

Rent is due from the tenant on the 1st day of the month. After World Class receives the rent from the tenant, the rent is then used to pay any bills including the management fee or maintenance for that particular month. Once that is completed, the owner proceeds are direct deposited into the owner’s personal account, typically around the 12th-15th of each month. At the same time, the owner will be able to access on-line owner statements to review.



Do I need to leave any money in my account as a reserve?

Yes. You will want to leave $250 in your Property Management account for general repairs. 


Do I authorize the repairs prior to being done?

Yes. Depending on the cost of the repair and the emergency behind it, as per our contract will contact the owner for all repairs that may exceed $250 in cost. It has been our policy to contact the owner for all repairs and costs involved even if it is under the $250 cost; this reduces questions and problems that may arise.



Do I need to be present to sign a lease on my home and how long is the lease usually signed for?

Never. World Class has full authority to sign a lease on behalf of the owner once the Residential Property Management Contract is signed. The tenant's lease on the property is usually for one-year minimum unless the owner requests otherwise. One-year lease is standard in the industry.



How long is the contract between myself and World Class?

The management contract is established for one year. We are interested in being your property manager for as long as you use your property as an investment tool. You will receive a renewal reminder prior to the end of your PM term. Therefore, we desire to produce the best service and care for your investment while under contract with us.



How does the World Class Property Management advertise their rentals to prospective tenants?

World Class Properties advertises through many different resources. Those resources include the Rentals.com, Hotpads.com, and signage at the property, Realtors in the Industry, Craigslist, Tulia, and Zillow. Being that are complemented by a full Real Estate Sales division, we are able to provide rental housing for those people in future need of a home. Currently, we are advertising on all top rental websites!

Optional Multiple Listing Service and Realtor.com fee applies.



Can you handle maintenance issues? Are you licensed? Should I have a home warranty?

Maintaining your home and its investment value, is a priority for World Class Properties. Any service needed for you home can be handled by our crew of contractors and technicians. However if you have a specific vendor you would like us to use , we will be happy to so. In some cases you may want to utilize a home warranty company. These service contracts can benefit an owner by stabilizing maintenance costs over a one-year period. The warranty contract is often included in the purchase of an existing home.



Who is responsible for yard work, pest control, air filters, light bulbs, etc.?

The tenant is responsible for all of the above based on their lease agreement. Some owners elect to continue to have the yard maintained at their own expense or have a quarterly service to make sure it always stays in top condition.



How long will it take to rent my house?

Vacancy rates can vary significantly based on your homes amenities, condition, and pricing. You can rely on our expertise to help you choose the best price at which to market you home. We then put our specialized leasing crew to work to lease your home to a qualified tenant as soon as possible.



As an owner, am I allowed to go by my house and go inside the home?

As an owner you can drive by the house as often as you like, however we must give the tenant a 48 hour notice before we can enter the property.



How do I get my home into management? The steps?

1. Call the office and set an appointment with a manager to do a walk through with you to determine rent ability and the monthly rental rate.
2. Read over and complete the management agreement.
3. Make arrangements for keys, remotes etc. to be delivered to the office or our property manager will be happy to get them at the property.
4. Determine a rent ready date so leasing can start!
5. Property will need to be cleaned and made ready to rent as soon as vacated. Owners can have World Class Properties make arrangements for lawn or pool service while the property is vacant.



How much is it going to cost to clean and carpet clean my house?

From $125.00 - $200.00 to clean the house and approximately .15 per sq. foot for carpet cleaning and if you ask for a quote for the service we do not charge a fee. *Prices are approximate only



What is the rental city sales tax on rents?

Each city has a tax that is applied to rents received. The tenant pays the tax in addition to their monthly rent.



Do I receive a 1099 and a year-end statement?

You will receive a 1099 at the end of the year that includes a full breakdown of the Profit and Loss on your account.



How is my property shown? Lockboxes, Realtors, Specific Leasing Division.

In order to maximize our leasing effectiveness, we have a specific leasing division. Available seven days a week these real estate agents receive all of our rental requests and show tenants the homes that best fit their needs. Other agents may view our homes with their clients by using secure lockboxes placed on each home.



How do we evict a tenant, legal time frame, and who pays for the process?

Unfortunately we often hear of the horror stories about real estate management even through these events are rare. We are very knowledgeable in the laws regarding the Arizona Landlord Tenant Act, and we follow strict guidelines in evicting a tenant. Most evictions are for non-payment of rent, and can be completed within 30 days. Although the tenant will be held responsible for the legal costs, the owner will be initially billed for filing fees and attorney’s costs. These bills, along with back rent and damages to the property will be reimbursed from the tenants deposit excess. Any excess bills will be sent to a collection company.



Who pays for Home Owners Association (HOA’s) fees and maintenance costs on the property?

Monthly HOA fees are paid for by the owner of the home and the tenant should never be responsible for this commitment. The tenant is responsible for HOA violations like trash cans left-out; weed control, incorrect parking etc. If the tenant is fined, the fine will go to the owners account and the tenant will be billed for the violation. The owner of the home is responsible for all maintenance costs on the property unless it falls under the following circumstances:
1. The tenant causes the damage via neglect or
2. It is in the World Class lease, that the tenant is responsible for ALL minor repairs like switching out light bulbs, toilet stoppage etc. This is done to encourage the tenants to take care of the small items at the house. We strive to encourage our tenants to be more than residents in the property and to become caregivers of the home that they are residing in.



What about a swimming pool – Should I have one? Insurance?

A swimming pool is REALLY in demand in the summer time and if affordable is encouraged to own as an investor. World Class has all of its tenants that rent homes with pools sign an addendum that releases the owner and the World Class from all liability regarding pool safety. We also have all the appropriate documents in the tenants lease package that the State of Arizona requires that we give the tenant regarding pools and swimming. Insurance – It is always recommended to our owners that they carry at least a $1,000,000 umbrella policy as to cover any possible liability concerning their investment homes. To get pool safety tips you can go to this website - AAP Pool Safety for Children



How do I access the Landlord Tenant Act for Arizona?

By clicking the link below this sentence will allow you to have direct access via the Internet to the Arizona Landlord Tenant Act - 

                                                          


Does the owner get a copy of the lease, maintenance bills- HOW & WHEN?

The owner of the home does get ALL the important paperwork for their property including the lease and maintenance bills. For convenience to the owner, all items are scanned and uploaded to for their review which is accessible 24 hours a day. www.worldclassproperties411.com



Property Utilities - Who maintains?

The tenant pays for all utilities while they occupy the home. If the home is scheduled to become vacant (in between tenants), World Class Property can schedules the utilities in the owner’s name to keep the property with utilities 'ON' at all times. Keeping the utilities on will allow the owners landscaping and pool to be constantly protected and never lapsing. It is important that your Arizona rental home always be in the best possible condition to attract good renters.



Should I allow pets and smoking?

We have stated in our lease that NO pets or smoking will be allowed in the homes, unless otherwise approved by the owner. If an owner is debating about allowing pets or smoking, we suggest that they not allow them, however it should be understood that in today’s market allowing a pet will definitely open the door to tenant prospects. Pets usually have an extra $20 per pet - pet rent if they are accepted. If a tenant has an assistive animal due to the tenant being legally handicapped then the owner MUST allow the assistive animal with no deposits required. By Federal law the animal, is considered another human.



Occupant limits? How many people do you allow to move into a house?

We typically follow the local fire department code, which permits 2 people per bedroom. Tempe, Arizona has a law that does not allow any more than 3 unrelated people to occupy a home. This is due to the heavy student population in the area . Students are not a protected class.



What appliances should I include in my property?

In today's ever changing Arizona rental market, we have found that the appliances are sometimes a deciding factor for the tenant when renting. Therefore, when you enter your home into our Property Management service, we highly encourage the owner to include all appliances which would include a refrigerator, washer and dryer. From our experience, we have found that this small investment of appliances will definitely help your Arizona rental home rent much faster. If you need assistance purchasing appliances at a better than normal rate, we can assist you with that as well.