Bokani Property Management Group

Owner Frequently Asked Questions

Frequently Asked Questions

How quickly can you start managing my property?

We can begin overseeing your property within 24 hours of signing the management agreement.

How long does it take to secure tenants?

We work diligently to find the right tenants as quickly as possible using multiple advertising platforms.

How are application fees handled?

Prospective tenants pay an application fee, which we use to run necessary credit checks.

How do you decide on the rent for my property?

We determine your property’s rent using comprehensive tools and proven strategies, including market research and comparison. This ensures competitive pricing tailored to the market.

How is rent collected from tenants?

Rent payments are collected through our AppFolio tenant portal, which offers multiple payment options including online, ACH, and credit card payments.

Can I receive direct deposit payments?

Absolutely, we can set up direct deposits to your designated bank account.

Do you screen potential tenants?

Yes, we thoroughly screen all applicants, including background checks, credit assessments, and employment verification, to minimize risks associated with problematic tenants.

Can I keep my current insurance?

Yes, but confirm with your insurance provider to ensure coverage remains valid. Before starting [property management](https://www.bokanipmg.com/), we’ll need proof of insurance. Please note that tenants are required to carry renters insurance to protect their belongings and address emergencies.

What must tenants do before moving in?

Prospective tenants must pass the screening process, pay their security deposit, and attend a lease-signing appointment where they review and agree to the lease terms. Additional fees, if applicable, must also be settled at that time.

How is a tenant cleared from their lease?

Upon move-out, we inspect the property for damages. If no issues are found, the security deposit is returned along with final clearance.

What types of inspections do you perform?

We conduct detailed move-in and move-out inspections. Additionally, we can perform unlimited drive-by inspections upon request to ensure your property’s condition remains intact.

How are utilities managed?

Tenants are responsible for utilities in their name, except for certain services like trash or water if included with the property. Owner utilities remain under the owner’s name and are processed through our office. Utility expenses are reflected in your monthly cash flow statement.

What happens if a tenant doesn’t pay rent on time?

Lease agreements enforce strict penalties for late payments. Tenants are notified and required to pay late fees promptly. Continued non-payment can lead to eviction proceedings.

How is property damage addressed?

We also provide upfront cost estimates for repairs based on our code requirements expertise.

What reports will I have access to?

Through our AppFolio owner portal, you can access detailed monthly statements, maintenance logs, and year-end tax documentation.

Should I allow pets or smokers?

While allowing pets is optional, stricter policies may reduce your pool of prospective tenants. Smoking is prohibited in all properties, and tenants are held accountable for damages caused by smoking.

Will I lose control over decisions if I hire a property manager?

Not at all. You retain decision-making authority and can choose the level of involvement you’d like in day-to-day matters.

Do you help with code requirements and property compliance?

Yes, our team is specially trained in code requirements. When we evaluate your rental property, we provide an estimated cost of what it will take to bring the property up to rental market standards, helping you make better investment decisions before you purchase or start renting.

Do you work with out-of-state property owners?

Absolutely. We work with local owners as well as out-of-city, state, and country owners. Our communication systems and AppFolio owner portal keep you fully informed regardless of your location.

What areas do you serve?

We focus on the tri-county area including Macomb County, Wayne County, and Oakland County in Michigan.

Work with Bokani Property Management Group

Are you looking to buy, sell, invest, or rent? We are the team for you! Get in touch with us today.

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★★★★★
I had an excellent experience with Bokani group. I am an investor from NY, and they helped me to purchase a property in Detroit. They took care of everything, from finding a tenant to renovating the house.
Aiden D.Source: Google Review