Owner FAQs
Answers to your frequently asked questions
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Are you a licensed property management company?
Yes. Waldrick Property Management is fully licensed and adheres to all state and industry regulations, providing professional and compliant services. -
Can rental income be deposited directly into my account?
Absolutely. We offer direct deposit for all owner disbursements to ensure fast, secure, and convenient payment transfers. -
How and when will I receive my rental income?
Owner payments are processed on a regular monthly schedule, following rent collection and expense reconciliation. Funds are typically distributed via direct deposit or check. -
What is the typical lease term?
Most leases are for 12 months, though we can accommodate alternative terms depending on your goals and market conditions. -
When can you begin managing my property?
Now! Contact us to get started. -
What types of properties do you manage?
We manage a wide range of residential properties, including single-family homes and multi-unit buildings. -
What financial reports do I receive?
You’ll receive regular statements summarizing rent collection, expenses, and maintenance activity. Additional reports are available upon request through your Owner Portal. -
Who holds the tenant’s security deposit?
Security deposits are held in a dedicated trust account in compliance with local and state regulations. Handling practices may vary based on jurisdiction.