Flexible Property Management Solutions
Patterson-Schwartz offers professional property management throughout Delaware, in Southern Chester County, Pennsylvania and Cecil County, Maryland. Landlords may choose Non-Management, Full Property Management or the Landlord Assistance Program.
Non-Management
The non-management fee is the equivalent of one month's rent (minimum $750), for which we will:
- Market property on pattersonschwartz.com and respond to online inquiries within 24 hours
- Install a Patterson-Schwartz Lawn Sign with text messaging feature (if allowable/appropriate)
- List property on TReND, the regional multiple listing service for Delaware and Pennsylvania; and MRIS, Maryland's multiple listing service
- List property on our internal rental list (available to our sales associates, corporate relocation clients and the public)
- Schedule property showings
- Offer co-broke compensation to showing agents from other real estate companies
- Inform owner of inquiries and showing activity
- Process rental application (including credit check, landlord reference and employment verification) and present to owner for approval/rejection
- Prepare lease and other documents as required
- Manage tenant move-in, which includes lease signing, providing keys, collecting first month's rent, collecting security deposit, collecting pet deposit (if applicable)
The executed lease, first month's rent, pet and/or security deposit (minus our leasing fee) is forwarded to the property owner. Day-to-day management of the property, tenant concerns and collection of remaining rents are the owner's responsibility. Lease renewal is available at a cost of $225.
Full Property Management
The management fee is 10% of the monthly rent, plus a leasing fee1, which is equivalent to one month’s rent. In addition to the services listed above we will:
- Collect monthly rent
- Monitor payments; mail 5 Day Late Rent Notice if applicable
- Prepare monthly financial statements
- Respond to tenant phone calls
- Provide 24-hour emergency maintenance service
- Handle all tenancy challenges and resolve problems
- Provide financial information and documentation to owner for tax purposes and requirements
- Order and pay for maintenance on owner’s behalf and reconcile monthly
- Prepare lease renewal annually
1The leasing fee is charged each time a new tenant is acquired for the property.
Landlord Assistance Program
The Landlord Assistance Program is available to owners who have already secured or prefer to secure their own tenants. The following fee-for-service options are available:
| Lease Preparation | $275 |
| Credit Report | $25/applicant |
| Landlord Reference | $50/applicant |
| Employment Verification | $50/applicant |
| Lease Renewal | $225 |
| Change Lease (add/delete tenant) | $1002 |
| Applicant Rejection Fee | $50/applicant |
2(plus Credit Report, Landlord Reference, Employment Verification fees, if required)
For additional information, or to speak with a Property Manager, please call us at 302-234-5240 or email us now.
$327,000
Meadowdale
Newark
4 Beds, 2.1 Baths
$419,900
Stirrup Farms
Newark
5 Beds, 3.1 Baths
$179,900
Heather Grove
West Grove
3 Beds, 2.1 Baths
$199,900
Barksdale Court
Elkton
4 Beds, 1.0 Baths
$209,900
Logans Run II
Lincoln
3 Beds, 2.0 Baths
