Owner FAQs
Answers to your frequently asked questions
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Am I required to make my property available to Section 8?
Yes. Section 8 / Home Forward is considered a source of income which is a protected class in the State of Oregon. -
Are you licensed?
Yes. There is always a minimum of one licensee at Kerr Properties, Inc. -
Can I reach you after hours?
Yes. We do have an after hours line for emergencies only. -
Can you put the money directly into my account?
Yes. We can do an ACH payment (direct deposit) into an account of your choosing. -
Do I get to see the lease or sign it?
Yes. A copy of the signed lease will be uploaded to your secure client portal. -
Do you sell real estate too?
No. While we do not sell Real Estate we do have a great network for referrals. -
How and when do I get my checks?
We process month end payments and statements by the 15th of each month. We will submit your funds through ACH (direct deposit) or mail a check to an address of your choosing. -
How is rent collection handled?
Rent is always due on the first of each month and tenants have the option to pay with personal funds (check or online), money order's, cashier's checks, bank checks and credit / debit cards. Checks, money orders, etc. can either be mailed to our PO Box or dropped off through our 24 hour drop slot at our physical location. -
How long of a lease do you sign?
Our leases range anywhere from 12 to 18 months. This all depends on the time of year the lease will end as we want all leases ending in the Spring / Summer season. This way if a tenant chooses to vacate we end up with a vacancy during the best time of year to try and re-rent the unit. -
How much security deposit do you charge the tenant?
We charge a security deposit just slightly under the rent amount so it varies from vacancy to vacancy. -
How soon can you start managing my property?
Once a rep from Kerr has made a visit to the property and once a PMA is signed as well as all upfront funds, proof of insurance and keys are submitted to Kerr, management will begin immediately. -
What type of properties do you manage?
We specialize in the professional management of single family homes and small multiplex's. -
What type of reports do I get and how often?
You will receive a financial statement each month when we close our books. Approximately every 6 months you will receive a copy of the interior survey we conduct on your Real Estate investment. For tax purposes, at year end you will receive an electronic 1099, detailed Owner statement, Cash Flow, 12 Month Cash Flow, 12 Month Income and a General Income statement along with photo copies of all invoices paid throughout that year. -
Who holds the tenant security deposit?
Kerr Properties, Inc. holds the tenants security deposit in a Clients' Trust Account.