Patterson Schwartz - Property Management Company

Flexible Property Management Solutions

Patterson-Schwartz offers professional property management throughout Delaware, in Southern Chester County and Cecil County, Maryland. Landlords may choose Non-Management, Full Property Management or the Landlord Assistance Program.

Non-Management

The non-management fee is the equivalent of one month’s rent (minimum $750), for which we will:

• Market property on pattersonschwartz.com and respond to online inquiries within 24 hours
• Install a Patterson-Schwartz Lawn Sign with text messaging feature (if allowable/appropriate)
• List property on TReND, the regional multiple listing service for Delaware and Pennsylvania; and MRIS, Maryland’s multiple listing service
• List property on our internal rental list (available to our sales associates and corporate relocation clients)
• Schedule property showings
• Offer co-broke compensation to showing agents from other real estate companies
• Inform owner of inquiries and showing activity
• Process rental application (including credit check, landlord reference and employment verification) and present to owner for approval/rejection
• Prepare lease and other documents as required
• Manage tenant move-in, which includes lease signing, providing keys, collecting first month’s rent, collecting security deposit, collecting pet deposit (if applicable)

The executed lease, first month’s rent, pet and/or security deposit (minus our leasing fee) is forwarded to the property owner. Day-to-day management of the property, tenant concerns and collection of remaining rents are the owner’s responsibility. Lease renewal is available at a cost of $225.

Full Property Management

The management fee is 10% of the monthly rent, plus a leasing fee, which is equivalent to one month’s rent. In addition to the services listed above we will:

• Collect monthly rent
• Monitor payments; mail 5 Day Late Rent Notice if applicable
• Prepare monthly financial statements
• Respond to tenant phone calls
• Provide 24-hour emergency maintenance service
• Handle all tenancy challenges and resolve problems
• Provide financial information and documentation to owner for tax purposes and requirements
• Order and pay for maintenance on owner’s behalf and reconcile monthly
• Prepare lease renewal annually

Landlord Assistance Program

The Landlord Assistance Program is available to owners who have already secured or prefer to secure their own tenants. The following fee-for-service options are available:

• Lease Preparation – $275
• Credit Report – $25/applicant
• Landlord Reference – $50/applicant
• Employment Verification – $50/applicant
• Lease Renewal – $225
• Change Lease (add/delete tenant) – $100
• Applicant Rejection Fee – $50/applicant

For additional information, or to speak with a Property Manager, please call us at 302-234-5240