Owner FAQs

Property owners are not automatically required to accept Section 8 tenants unless local or state law mandates it. At 101st Property Management we recommend checking applicable local regulations and can advise on community-specific rules and potential program participation based on your goals for the property.

Yes. 101st Property Management operates under licensed real estate oversight and follows industry regulations and best practices to protect owners and tenants while delivering professional stewardship.

Yes. We provide an emergency contact for urgent maintenance or safety issues outside normal business hours. Non-urgent inquiries are handled promptly during regular business hours to ensure consistent, relationship-driven communication.

Yes. We offer direct deposit for owner disbursements to provide timely, secure transfer of rental income and simplify your cash flow.

As part of our property management services, 101st Property Management executes lease agreements on behalf of property owners as authorized under the management agreement. This streamlines the leasing process and allows us to efficiently manage tenant communications and lease administration.

Yes. Shannon is a licensed REALTOR® and can assist clients with buying and selling real estate. She can also help property owners evaluate their options by comparing the benefits of selling a property versus placing it into professional property management, allowing owners to make informed decisions based on their goals and circumstances.

Owner disbursements are issued on a regular schedule after rent is collected and property expenses are reconciled. We typically use direct deposit for faster delivery, and paper checks are available by request.

We manage rent collection using tenant-friendly online payment options alongside traditional methods, enforce lease late-payment terms consistently, and communicate proactively to reduce delinquencies and protect revenue for owners.

Lease length is flexible to match market conditions and owner preferences; standard leases are often one year, and we can offer other terms—shorter or longer—based on strategy and tenant screening results.

Security deposit amounts follow local laws and market norms. We recommend deposits that balance legal compliance with protecting owner interests, with specific amounts set based on rent level and tenant qualification.

We can begin as soon as management agreements are signed and the property is prepared for leasing. We work efficiently to transition properties into our portfolio while maintaining attention to detail and clear communication.

We manage a range of residential and small commercial rental properties, including single-family homes, duplexes, townhomes, condominiums, small multifamily buildings, and select multi-tenant commercial spaces.

Owners receive regular financial statements that detail rent collection, expenses, maintenance activity, and tenant updates. We provide monthly reporting and can supply additional custom reports on request to support transparent decision-making.

Security deposits are held in a separate escrow account designated exclusively for security deposits at F&M Bank. We maintain clear accounting practices and handle all security deposits in accordance with applicable laws and regulations.