GRI, REALTOR® DC, MD & VA		 202.270.1081 - Cell
202.362.8499 - Fax
202.966.0400 - Office
Anslie@StokesRealtor.com
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Residential Property Management Services

Stokes Property Management, LLC is a full service property management company, serving investor-owners of condominium units and single family homes located in the District of Columbia and state of Virginia.

Stokes Property Management, LLC services include preparing investment properties for rental housing inspections (DC only), preparing and submitting licensing applications (DC only), property marketing, tenant application processing, all facets of tenant servicing, month and year end reporting, property maintenance, repair and improvement.

In these challenging times, many homeowners are turning their properties into income producing rental units as they wait for home values to improve. Stokes Property Management, LLC manages the rental process from start to finish; providing peace of mind to investor-owners.
OUR SERVICES OUR FEES OWNER RESPONSIBILITY
Basic Business License Application & Rental Unit Registration (DC only)
• Complete application (except signatures)
• Submit application to DC
• Accompany inspector on 1st inspection
• $300
• applicable city charges
• $100 for subsequent city inspections (if unit fails first inspection)
• Sign application, submit checks payable to DC for license fees
• Provide 1 key
Prepare property for rental inspection (DC only)
• Assess property
• Coordinate any improvements required by city in order to pass inspection
• Case-by-case basis
• Sign agreement
• Provide 1 key
Securing Tenant(s)
• Pricing advice
• Advertising
• Prospective tenant showings
• Application processing
• Presentation of screened applicants for owner approval
• Lease preparation
• 1 month rent
• Sign rental agreement
• Provide proof of BBL
• Provide 1 key
• Approve/reject applications within 24 hours of receipt
• Sign lease within 24 hours of tenant approval
Property Management
Collect, place in escrow, and refund security deposits
Greet tenant(s) at move-in and deliver welcome packet
• Collect monthly rent
• Pay all bills specified by owner
• Field all routine and emergency calls from tenants
• Make minor repairs with no owner consultation
• Make major repairs with owner consultation
• Manage annual and monthly service contracts
• Perform move-in and move-out inspection of unit
• Perform 1 mid-lease inspection
• Provide monthly statements and year-end financial summary
• Provide updated CMA every 6 months
• Condo/co-op: 8%/monthly rent
• Single family home: 10%/monthly rent
• Minimum property management fee: $150/month
Rent controlled unit(s) are not managed at this time
• Sign property management contract
• Approve major repairs in timely manor
• Agree to service contracts as required by property type (leaf removal, pest control, etc)
• Provide proof of insurance and add Stokes Property Management as additional insured
Other services
• Oversee remodel/renovation projects
• Present 3 proposals for all trade work
• 10% of total cost (labor + materials)
• Approve contractors
• Pay contractors
directly
Service Contracts Required for Single Family Homes
• Annual heating/cooling contract (includes fall and spring
cleaning / servicing)
• Termite/Pest Control (includes annual termite inspection)
• Gutter cleaning
• Chimney cleaning
• Snow removal
• Lawn care
• Leaf removal
Basic business license and rental unit registration and property management services provided by Stokes Property Management, LLC. Listing rental unit in MLS and securing tenant (s) is a service provided by Anslie Stokes as an agent of McEnearney Associates, Inc.
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