Owner FAQs
Answers to your frequently asked questions
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Am I required to make my property available to Section 8?
No, you are not required to make your property available for section 8. If you’d like to, or we think the property would generate better returns as a section 8 property we can have a discussion about it to see what strategies are best for you! -
Are you licensed?
Yes, Cedar Ridge Management is a licensed real estate firm and employs licensed real estate agents as our property managers. -
Can you put the money directly into my account?
Yes! That is how we transfer your owner's draw to you. -
Do I get to see the lease or sign it?
The lease is signed by the residents and our company on your behalf. The signed lease will be available to you on your owners portal. -
Do you sell real estate too?
We occasionally help out family and friends with real estate transactions - but for everything else we will refer you to trusted real estate agents whose sole focus is helping people BUY investment properties! -
How and when do I get my checks?
We will deposit your owner's draw (rental income, less expenses) directly into your bank account. The transaction will be initiated no later than the 15th of every month. -
How is rent collection handled?
Our residents pay rent online via their Resident’s Portal. -
How long of a lease do you sign?
We aim to sign 1-year lease agreements and sometimes, using our investing experience we will sign different lease terms based on the situation to maximize your returns as an investor. -
How much security deposit do you charge the tenant?
The security deposit amount is based on the risk profile of the tenant. The maximum amount we are allowed to charge is two times the monthly rent. -
How soon can you start managing my property?
First we need to see if we are a good fit for each other. If our goals and attitude towards investing, managing, and residents is similar then we can get going right away! -
What type of properties do you manage?
Single family homes, duplexes - quadruplexes, townhomes, condos, -
What type of reports do I get and how often?
You’ll receive your monthly owner statement (which is like a profit and loss statement that shows your income and expenses) no later than the 15th of every month. You’ll also receive a year end owner statement and year end 1099 no later than Jan 30th of the following year. -
Who holds the tenant security deposit?
We hold the tenant security deposit in a trust account on your behalf.