You can expect MontecitoRental to diligently promote your property for the highest possible returns, to establish and nurture a successful business relationship, to maintain and improve your property value, while increasing the success of our business, year after year.
LEASING SERVICE
Longer-term rentals, 3 months to 1+ years, make up the majority of our business.
Services for 3 months to 1+ year rentals include:
Initial Set-Up: $300.00
We create a personalized description of your property, complete with a list of rates, amenities, and professional digital photographs, for excellent representation on the web and print. If the home is furnished, inventory will be cataloged with the owner's assistance. Additionally a property checklist will be made for upkeep of maintenance, cleaning guidelines and a detailed house book for your future tenants.
Marketing:
Your property will be showcased online at MontecitoRental.com, local MLS, Havesandneeds.net, Craigslist, googlebase, backpage, oolde, and yahoo, with any and all updates made as needed. Print advertising is optional.
Showings, Tenants, Contract:
We will present your property to rental prospects, conduct a thorough tenant verification and credit/criminal screening prior to any rental, execute a rental/lease agreement, do a move-in inspection of the property, and assist in the delivery of first months rent and security deposit.
Fees:
Booking fee is 8% of the total lease rental income for leases lasting six months or more.
Booking fee is for leases less than 6 months is 12% of the total lease rental income.
If a fixed-term lease is executed and is extended or renewed, the owner must pay MontecitoRental an additional compensation of 6% of the total rent income. Payment is due upon such extension or renewal.
If you need a full time Property Manager, Coldwell Banker now offers property management and accounting services on properties exceeding $4000/mo. Please inquire for services and fees. All monies will be handled though Coldwell Banker Property Management Division.
SHORT-TERM RENTALS
Short-term rentals provide a lucrative income for many of our property owners. The summer months of July and August traditionally bring the highest traffic, though the “off-season” and holidays have become increasingly popular in recent years.
Services for short-term rentals include:
* Advertising and marketing your home on various websites and within the Local Real Estate community.
* Booking and rental reservations.
* Cleaning Services: Housekeepers assist in keeping properties stocked with who also keep with the basics (toilet paper, paper towels, trash bags, etc…) They also will report any noticeable damage.
* Meet vacationers at check in, typically within the first 24 hours.
* Contact point for vacationers during and leading up to their stay.
Additional Services:
Furniture leasing is available if needed.
Local Infant and Toddler equipment rentals: SB Baby Co
Fees:
The fee for a vacation rental lasting 1-90 days is 15% of the gross rental income from each participating property, and is invoiced each month.
MontecitoRental does not operate a trust account. Payments are made directly to the owner and cleaning service.
For first-time clients, a start-up fee of $500 is due at signing of the agreement. These funds are used for the first year’s subscription to VRBO.com, flyers for the property, a property profile packet, website uploading and professional photography.
PLEASE NOTE:
Any rental booked for less than a month is subject to City/County of Santa Barbara Transient Occupancy Tax (10-12%) The Property Owner will be provided appropriate paperwork for reporting and maintaining up to date accounts with the City/County of Santa Barbara Transient Occupancy Tax Board. MontecitoRental is not responsible for collecting or maintaining any monies incurred by this tax.
PROPERTY OWNER RECOMMENDATIONS:
Look into a Home Warranty for each of your homes: AHS Warranty
Look to professionals for accounting and insurance questions.
Helpful site for first timers: HomeAway