Mississippi Property Managers was established in 2015 and is the rental management branch of Jason Warren & Associates, inc. We currently manage over 125 properties across the greater Tupelo area.
OUR “LIVE WELL” PHILOSOPHY
LIVE WELL was born from one question: what do we do? The resounding answer to that question was that we help people LIVE WELL!
We aim to offer the highest level of service to both investors and tenants. Investors LIVE WELL through quality management and cash flow from their properties, and tenants can depend on us to assist in their housing needs and provide solutions quickly.
By providing excellent service to our clients and customers, we allow them to LIVE WELL which, in turn, allows us all to LIVE WELL!
FAQs
I am looking for a property management company and want to know more about Mississippi Property Managers.
Mississippi Property Managers is a full-service residential property management company serving the greater Tupelo market. Established in 2015, we serve a growing need for a professional property management company that specializes in residential single-family homes, townhomes, and commercial properties. We accept homes on a case-by-case basis, and we have homes ranging in rent from $800 to over $4,000 per month. Call our Property Manager today for more information (662-842-2710)!
Why should I choose Mississippi Property Managers over another property management company?
There are several reasons for choosing Mississippi Property Managers. We have no up-front cost to initiate service. If we don’t lease your home, then you don’t pay. Due to our extensive marketing and advertising, we lease homes quickly. We have licensed realtors that show our homes. We have no separate advertising fee. We do not currently charge an upcharge for maintenance coordination. We grew from 5 properties under management in 2015 to over 125 homes under management in March 2023. The majority of our business comes from referrals or repeat business.
What are the advantages of renting out my home?
Many people are considering renting their home as opposed to selling it based on an expected financial benefit. We do our best to get the financial benefit that you desire by striving to maximize and sustain the rental amount and managing your investment so that it continues to make money for you for years to come. Renting out your house turns it into an investment property.
Why should I hire a professional management company when I might be able to manage things myself?
Being an absentee landlord is difficult unless you have someone local who can manage the property.
- Do you have the time to conduct market comparables to price your home in the current market so that it rents quickly?
- Can you take the time to show your property to potential renters? Do you have the means to screen them by verifying rental history, income verification, a credit check, and a criminal background check?
- Will you be able to manage the property from afar? What happens if a pipe breaks and you’re out of state?
Mississippi Property Managers will look after everything related to the property – from advertising your property and screening your tenants to executing the lease agreement, collecting rent, monthly account reconciliation, coordinating maintenance needed on the property, and conducting inspections.
Based on the number of clients that we have who began self-managing, and then hired us after a bad experience, it is worth the management fee to hire Mississippi Property Managers.
What services do you provide?
We provide a full range of services to property owners including residential leasing, management, accounting, inspections, and tenant management. Call our Property Manager for specific details regarding our fee structure.
Market research to provide comparable rental home prices to determine fair market rent
- Professional advice to prepare the property for maximum results in marketing including staging and renovation recommendation
- Broad market advertising with internet syndication to multiple websites
- Licensed Realtors showing your home to prospective tenants
- Universal lock box to maximize showing opportunities
- Photography of interior and exterior premises
- Professional signage to attract drive-by prospects
- Tenant screening, including a credit check, criminal background check, income verification, and rental history
- Professional leases
- Performance of move-in, move-out, and periodic inspections upon request
- Collection of monthly rent
- Coordination of maintenance services within predefined authorized limits set by each owner
- Coordination of utility services between occupancies
- Monthly accounting statements available through the owner portal
- Semi-monthly direct deposit of funds to the owner’s bank account
- Year-end accounting statement for ease of tax preparation
- Filing of Form 1099-MISC with the IRS
- Assured compliance with Mississippi landlord/tenant laws and federal/state fair housing laws
- Utilization of an escrow account to process and retain security deposits per state law
- Negotiation of lease terms with a tenant, including initial lease terms, lease renewals, termination, and evictions if necessary
Will I have one contact at Mississippi Property Managers?
Our Property Manager will be your main point of contact and will direct you to the appropriate department or individual for specific questions outside of their expertise.
Does my home have to be empty to begin the process?
We will list a home while occupied. We require a move out inspection prior to the new tenant’s move in. We will list an owner-occupied home, a tenant-occupied home, or a vacant home. We will also take over management of a tenant-occupied property with an existing lease agreement.
How much money should I have set aside for expenses?
We recommend three to six months of expenses depending on your risk tolerance.
How do I get started?
To get started, the Property Manager will visit your home to assess its rent readiness and determine a market rental rate. Then, Mississippi Property Managers will need a signed Management Agreement, Listing Checklist (a simple checklist of amenities and special instructions specific to your property), a Form W-9, and a completed ACH form with a voided check. In addition, all utilities will need to remain on through the first day of the lease, the home needs to be professionally cleaned (including the carpets), paint needs to be in good condition, and the yard needs to be maintained. The better a home looks, the better it shows!
Who chooses the rental price for my home?
We will assist you in choosing the appropriate rental rate based on the specifics of your property and comparable homes in the market.