Prak Property Management Inc

Prak Property Management Inc – Since 2011, our Richmond-based team has focused on each individual owner and tenant with a concierge level of attention and care. At Peak, we pride ourselves on top-notch communication, instant feedback, deep community knowledge and relationships—all of which lead to a great customer experience. We offer a full range of management services as well as optional assurance and maintenance packages for your peace of mind. Peak is not a franchise, so our team is at liberty to provide a service that supports each client’s individual goals.

The name Peak was carefully chosen because we are passionate about raising the bar and setting a new standard of client care in Richmond’s property management space. We expect you to have nothing less than a peak experience when you choose us to manage and take care of your investments. Contact us today for a free consultation to see what we can do for you.

Prak Property Management Inc

Marketing is the key to managing a successful rental. We provide an expert market analysis for each property that we manage to maximize your return on investment. Our tenant turnaround times are below the market average, and our policies help you receive payments during the turnover period.

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Peak has invested in technology to conduct comprehensive screening on all tenants and handles every aspect of renting your investment in the shortest possible time. To view our proprietary screening criteria, please visit the Owner Resources page!

We work hard to get you paid on time every time. You no longer have to worry about rent checks appearing in the mail. More than 99% of our tenants pay through our online tenant portal. Tenants receive automatic rent reminders and 24/7 access to their ledger. Our policies help you get paid faster!

We perform inspections on move-in, move-out and refurbishment to ensure all maintenance issues are addressed in a timely manner. We are proud of our maintenance team and use strong communication skills to ensure that work is done accurately and on time. We treat your home, office, or apartment building as our own!

With our comprehensive financial reporting tools, keeping track of your investments has never been easier. Log in to your owner portal to view details and more. Our team has a full time CPA level accountant on staff.

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In the unfortunate event that a tenant needs to be evicted from your rental, our team will handle the process. We seldom have to evict a tenant that we have retained due to our thorough investigation, although we do have a variety of properties to replace with strong, suitable tenants to handle evictions from tenants we inherit. is experiencing. Property management can be a daunting task that requires extensive skill and experience to perform successfully. The time and effort it takes to reach your investment goals can leave little room for anything else. From rent collection to property maintenance to leasing, Peak Residential understands these demands. We can take the stress off your shoulders.

Peak Residential is a full-service property management company specializing in the management of single-family homes, duplexes, condominiums and small apartment communities.

Based in the Sacramento area, we have successfully helped property owners manage their real estate investments and reach their financial goals since 1982. Our extensive property management history proves our dedication to providing superior property management services to our clients.

As a seasoned Sacramento property management company, Peak Residential has managed an extensive list of properties over the past few decades. As such, our property managers are fully prepared to meet your rental property demands. Your real estate investments will benefit from our extensive knowledge of the Sacramento area.

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From marketing your property, checking tenants, conducting property maintenance, rent collection, lease preparation to financial reporting, we do it all. Under our high quality Sacramento property management, we will treat your property as our property. We aim to see your Sacramento property succeed to the highest level and keep you up to date with its progress.

We believe in high quality customer service. If for any reason you wish to discontinue the Service with us, you may cancel with 30-day notice and without penalty.

If we hire a Sacramento tenant who does not meet the full term of the lease, we will find another tenant at no charge to you.

You don’t pay us until we show results! Our Sacramento property management does not charge owners a fee until the property is rented out.

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Rent collection is important. If our property management has not found a qualified tenant for your rental property in Sacramento within 30 days, your first month of management fee is free.

There are no hidden fees, unlike many other Sacramento property management companies, know exactly what you’re paying for. Get detailed owner details with seller invoices, tenant leases, inspections and more.

If you find a lower advertised management fee, we’ll match it. Provided the other Sacramento company does not charge a fee in addition to its management fee. Praak Property Management Inc. is digging into savings to keep some of its low-income properties running in Austin.

“It’s like a savings account in that every month we need to put in a certain amount of dollars for roofs, appliances, that sort of thing,” said Brad Praak, managing agent for the Texas-based company.

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His government contracts in the two housing complexes of Prak Management expired at the end of 2018. Without a new agreement in place – or any employees of the Department of Housing and Urban Development to sign the contract – these properties may not be receiving the subsidies they rely on. To offer affordable rent to low income families.

National low-income housing advocates are sounding the alarm that the partial government shutdown, now the longest in US history, could lead to evictions for thousands of tenants.

According to HUD records and conversations with property managers, at least three of the buildings in Austin housing about 170 tenants are operating without federal funding because their contracts cannot be renewed.

Texas Riogrande Legal Aid attorney Shoshana Krieger said tenants here haven’t had any impact on their living conditions so far, but that doesn’t mean they aren’t under stress.

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Property companies like Praak said they have been able to pull from savings, but that could change if the shutdowns continue.

“If we run out of money or this shutdown lasts longer than (a few months), things can get more challenging,” he said.

People who receive Housing Choice Vouchers, more commonly known as Section 8 vouchers, may be affected more immediately. In the program, low-income households rent only 30 percent of their income to private landlords; Federal subsidies make up the rest. In Austin, about 5,200 families use vouchers.

The Housing Authority of the City of Austin, or HACA, said that if the shutdown continues, the federal funds used to subsidize these rents will be exhausted.

Apartments For Rent

“Fortunately, we have HUD funding that is going to be available by the end of February,” said HACA Executive Vice President Sylvia Blanco. “But beyond that,” she said with a nervous laugh, “we’ll be in some serious tension.”

“We are not in a position where we have had to either lay off or require residents to cover their rental payments,” she said. “It would be unprecedented.”

Krieger said that even if the shutdown ends soon and housing providers ride out the loss of subsidies, the experience could make private landlords less likely to participate in federal housing programs.

“A historical benefit of these programs for landlords has been that there is a guaranteed funding stream for the property,” Krieger said. “That a certain amount of rent is guaranteed to be paid, and it undermines that offer.”

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We are a non-profit news organization, and we put your service first. It will never change. But public service journalism requires community support from readers like you. Will you join your friends and neighbors to support our work and mission? SAN ANGELO – The property manager of the San Angelo apartment complex says he and his team are doing everything possible to find homes for the dozens of displaced low-income senior residents. After his building was filled with water.

On Thursday, March 4, 2021, officials at Plaza del Sol I, 4375 Oak Grove Blvd., said a fire extinguishing pipe in the attic during Winter Storm Uri froze, then burst, flooding all three floors of the building . More than 40 residents were forced to find a new place to shelter.

Brad Praak, owner of Praak Property Management, said some residents had taken refuge in units of a second apartment building in Plaza del Sol II, while 16 residents were still sleeping on cots in the Plaza del Sol II Community Day Room. ,

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Praak said he and other officials are looking for homeowners with units available to house the elderly.

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