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We are a full-service property management and real estate rental company - managing properties across Blount, Knox, Sevier, Loudon, and Anderson Counties

Each office independently owned and operated.

Price & Associates Realtors, LLC. is licensed to sell and manage properties in the state of Tennessee. Members of the Good Landlords of Blount County.

Realty Executives Price & Associates has a full service property management department for new and experienced investors seeking to maximize the value of their rental home investments. ÝAs the buying and selling home market has seen a decline in recent months, our property management team has helped many individuals avoid foreclosure by seamlessly transferring the financial burden of a mortgage and at the same time creating a proven long-term investment. Our property management service can save you time, money, and reduce stress by handling all showings, tenant inspections, maintenance requests, and collection of rents and deposits.

Management/Office Team
As your property manager, we will oversee your account with our company. ÝThis means one of our agents will personally be overseeing your property and Ýwill be on call for you to answer any questions you may have at any time. ÝWe also have several other property managers with our company who will be advertising and showing your property to prospective tenants as well. ÝIn addition, we have a full-time office manager who will handle all financial aspects of your property including rent collection, payment processing, and rent check disbursement. ÝOur office is open six days a week with someone always available from 8:30 am - 5:30 pm to address calls on your property, set up showings, and handle any tenant issues. ÝAfter hours, we have a 24-hour call service which is available to answer any calls and direct them towards the appropriate agents.

Answers Regarding Funds
We collect rent from our tenants between the first and the fifth of each month. ÝAs soon as their rent is collected and processed by our bookkeeper, a company check is then issued to you and sent with your monthly statement. ÝAny maintenance issues that were handled for that month will be subtracted from your rent check before it is issued. ÝIf you have any questions regarding your monthly statement, your property manager will happily assist you with these.

Preparing to rent the Property
To maximize the profitability of your investment property, it is important that we place tenants in a timely manner. ÝIn order to do so, a member of the Price & Associates Property management team will periodically check on the property to make sure it remains clean and well-maintained. ÝIf regular maintenance needs to be arranged, we will schedule this with approved vendors and add it to your monthly statement. ÝOnce the property is rented, it becomes the tenant's responsibility to maintain the grounds, while home maintenance will still be provided in accordance by the property manager and owner.

Setting the Rent
An agent will meet with you to discuss the maximum amount you can receive for your property. ÝSupply and Demand play a key role here: ÝIf the area is saturated with rental properties, you have to be more competitive to attract tenants. ÝIn most cases, we are able to collect enough money in rent to pay the full note on the property, plus have a little left for routine maintenance and management fees. ÝHowever, even if the property owner is having to pay a little each month toward the note (after receiving his or her rent payment), this still remains a very lucrative way of building equity in a property. Remember: Ýan investment property works best as a long-term investment.

"How long will my property be vacant?"
This is the most commonly asked question we get from owners. Unfortunately, there is no way to predict how long a property will remain on the market, even in the best market conditions. The quick-and-easy solution for getting a home rented fast is to underprice the property. ÝHowever, this robs You, the owner, of your maximum profit potential and can attract the wrong kind of tenant for your property. ÝWe always encourage homeowners to remain open-minded and flexible. ÝOnce we have your property listed and advertised, we will be able to tell from the amount of attention, showings, and the feedback we receive whether or not we will be able to fill your property quickly. ÝDuring this period, your property manager will email and call you periodically to share this feedback, and together you can make the decisions necessary to get your property rented quickly.

Advertising/Marketing
In addition to web site presence through various rental services, we also maintain our own company website, encourage our agents to advertise their properties sites of their own, and place numerous print ads weekly in various publications. ÝLikewise, we maintain a visual presence with directional signs and print advertising through our company. Ý We also advertise in local papers (dependant on the property and location) and will use The Knoxville News Sentinel, The Daily Times, the MetroPulse, or others, depending upon the locale and tenant we are trying to attract. Ý

Signage
At each of the properties we manage, a "For Rent" sign is prominently displayed with our office number where a Property Management Team member is constantly on call during business hours to address any questions and set up showings of your property. Ý Directional signs which also feature our phone number are placed at key intersections near your property so as to catch as much 'drive-by' traffic as possible (except where prohibited by local codes).

Showings and Applications
A member of the Realty Executives Price & Associates Property Management Team will be present at each showing of your property. ÝWe arrange these times in advance when a prospective tenant contacts us. ÝAt each showing, we are on hand to answer any questions, and at that time we offer the prospective tenant an application to fill out for your property. ÝIn addition to checking each prospective tenants' credit (that includes every adult who will be living on the premise), we also check income, past rental history, and criminal background. ÝWe will disclose the results of each application with you, the homeowner, and together we will decide whether or not this is the right tenant for your property. ÝPlease note that it is against our policy to discriminate based on gender, age, disability, sexual orientation, race, nationality, or religion. Ý

Move In
Before the actual move-in, we will then perform a "walk-through" of the property with the tenant. ÝAt this time we document the current condition of the property prior to their moving in (unless extenuating circumstances prevent us from doing so, in which case we will perform the walk-through at the earliest possible date to their move in). ÝThis way, if any damages occur to the property during the lease period, we will subtract the repairs from the security deposit at the end of the lease agreement. Ý

Maintenance

Preventative Maintenance
Our policy towards maintenance has always been to prevent damages before they occur. ÝWe do so by communicating regularly with our tenants as to the condition of the property, and make routine check-ups when possible. ÝLawn care is usually the responsibility of the tenant, but tree trimming, gutter cleaning, checking appliances, changing air filters, and other such tasks fall upon the shoulders of the homeowner -- unless you have a property manager! ÝKeeping up with these small chores can save you money down the road or larger repairs and keep your tenants safe and happy.

Repairs
For any maintenance repairs that need to be done, we will contact you with a quote which we will have gotten from a quality service technician with whom we have worked in the past BEFORE we authorize the work (unless in the case of an emergency). If additional quotes are needed, we will be happy to set this up. Ý

When the Tenant Vacates
Tenant Move-Out When each tenant moves out of a property, I will conduct another 'walk-through" to verify that no damages have occurred to the property. ÝAny damages will be documented and photographed and will be repaired and deducted from the tenants' security deposit. Ý
Security Deposit Our bookkeeper will handle the security deposit in a special account and will deduct any repairs and return the balance to the tenant in a timely manner in accordance with state laws.

Your Responsibilities as the Owner As your property manager, it is my job to make your investment property as profitable and stress-free for you as possible. ÝIn addition to collecting your monthly rent checks, however, I will also need you to do a few things to make this arrangement work. ÝThese few simple things are:

• Notify me of any ownership change or eminent owner change for the managed property.
• Give me accurate financial and contact information so I can handle all transactions quickly and accurately.
• Review Ýyour statements monthly and let me know of any discrepancies as soon as possible.
• Support Fair Housing Laws and guidelines, as well as all necessary legislation. Maintain a current insurance policy for your property - MAKE SURE THEY KNOW IF YOU ARE NOT CURRENTLY LIVING THERE.
• Review your Ýproperty insurance yearly and update as necessary.

Exercise responsibility for required maintenance and the safety of your tenants. Visit the property periodically or ask someone else to - let me know if we are overlooking anything.