Owner FAQs
Answers to your common questions
-
Am I required to make my property available to Section 8?
As of January 1, 2020, California law prohibits landlords from refusing to rent to applicants just because they have a Section 8 voucher. The law added voucher holders to existing California discrimination protections for source of income. -
Are you licensed?
Yes, our agents and broker are licensed by the California Department of Real Estate (DRE). -
Can I reach you after hours?
Maintenance is available for emergency repairs 24/7 with a dedicated maintenance cell phone number for tenants. There is also 24/7 online access for scheduling both emergency and non-emergency repair request. -
Can you put the money directly into my account?
Yes, we direct deposit rent funds into your specified account each month with a detailed, summary of accounting. -
Do I get to see the lease or sign it?
Yes, if requested. PRANDI is authorized through our management agreement with the Owner to sign leases on their behalf. Prior to any lease signing, we will review all tenant qualifications with the owner so they have full disclosure as to who the home is being rented to. -
Do you sell real estate too?
No, our focus is solely on managing and maintaining investment properties. If you have an agent that you prefer to buy or sell properties on your behalf, we will work with that agent should you decide to sell or buy properties. If not, we do have a partnership with an experienced investment property real estate broker who will assist you in buying or selling properties on your behalf -
How is rent collection handled?
Tenants have the option to pay rent online through our website, or mail or deliver a check to our office. The rent is due on the 1st of each month with a 5-day grace period. The tenant is emailed a statement with the amount due each month. PRANDI receives 99% on-time rental payments on average. -
How long of a lease do you sign?
A typical lease is an initial 1 year period unless otherwise authorized by the owner. -
How much security deposit do you charge the tenant?
Security deposit is 1.5X the monthly rent and can go up to 2X the monthly rent for pet situations. -
How soon can you start managing my property?
If you property is a good fit for PRANDI, we can get started as soon as it’s vacant and in rental ready condition. -
What type of properties do you manage?
Single family homes, condos, townhomes and multi-family buildings. -
What type of reports do I get and how often?
Each owner has a dedicated online portal available 24/7 where all documents, statements and reports are uploaded for our owners review. -
Who holds the tenant security deposit?
PRANDI holds the tenant’s security deposit in our trust account.