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Request Foms

Inactivate a Property



Frequently Asked Questions
 

Goal

The goal is to inactivate the property as quickly as possible with the least amount of expense billed to the property.



Who handles this?

The Processor and Bookkeeper are responsible for the workflow. There's no cost to inactivate a property, if you just let them process as per procedures.



What about Maintenance?

  • All open work orders will be closed, regardless if work has been completed or not.

  • All contractors will be notified to submit invoices, should there be any outstanding.

  • All invoices received will be paid, even if it's for partially completed work. We may have the contractor complete the work, if we feel it's in tenant, owner, or manager best interest.


Things to avoid

  • Custom bookkeeping. Time spent by the bookkeeper for anything other than the clicks to inactivate the property and issue a final statement is billed at $300 per hour.

  • Maintenance Coordinator maintenance review. Coordinator is responsible for these inquiries and the time is billed at their standard hourly rates.

  • Delays. Anything that falls outside the standard system takes longer. Remember that minimum management fees bill each month that the property is active in our system , so let's wrap this up quickly!

  • Complaints. The Management Consultant is not involved in the Inactivation procedures unless they must respond to a request from owner, attorney, the BBB, Dept. of Real Estate, etc. In this case, the Management Consultant will handle the response personally and bill their their standard hourly rate of $300/hour to the property.


www.VillagesForRent.com/info/hourly-rates-o


REQUEST FORM

Inactivate

GENERAL QUESTIONS

REQUEST FORM

SPECIFIC QUESTIONS

Address of rental

Reason for inactivation

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ATTACHMENTS

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SIGN & ACCCEPT

This is a legally binding document. By clicking “Sign and Accept”, you agree that you have the authority to enter into the agreement and are creating your electronic signature and signing the document just as if you had used a pen to ink sign the document.

UPLOAD THIS REQUEST FORM

This can take a few minutes... 

 

It just depends on how much data you are uploading & your internet speed.

 

The button will turn grey while uploading. Do not click back or anything else.

You'll see a pop-up confirmation once the form has been submitted.

 

 

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