Welcome to TPM, Inc.
TPM Inc. (Total Property Management) has been in the business of managing rental properties since 1976. We have concentrated our efforts in all types of residential housing: single family homes, condos, townhomes, and all sizes of multiple unit apartment buildings. We also provide complete management services to Condominium Homeowners Associations.
Our basic management packet includes the following:
1.We do a very detailed walk through inspection of each unit, make a priority list of deferred maintenance needs, if any, and recommendations for upgrades and/or possible replacement items for the coming year. This written evaluation forms an information base line from which we work with you to achieve your goals as a property owner to keep the unit rented to quality tenants.
2.We also evaluate your rent rates, any existing house rules, or special terms or conditions found in your current lease.
3.We place ads with KSL and Craig’s List and show the unit to prospective tenants as the need arises. We carefully screen prospective tenants to be sure they have good rental histories. Screening potential tenants include verification of rental histories [we check the prior 2 landlords], personal references, income verification, and a credit check.
4.We conduct routine inspections of the unit 2 or 3 times each year to be sure the lease terms are being kept and to check for unreported maintenance needs.
5.Collect rents and deposits and other tenant fees, funds are deposited into a Property Management Trust Account at Zion’s Bank as outlined in the Management Contract.
6.Using funds collected, we pay authorized bills, capital withdrawals, condo fees, management fees and any approved maintenance expenditures. We do not pay mortgages. A monthly statement and cash flow report is sent to you accounting for all monies received and disbursed, with invoices for all disbursements attached. We also send year end statements and your IRS 1099 form. Monthly reports are mailed by the 5th of the following month.
7.We will do all we can to protect and promote the positive reputation of the owner’s property.
Most owners allow minor and routine repairs without consultation within a pre-arranged limit, usually $200 per visit. Non-emergency repairs over that limit require consultation and owner approval. Emergency maintenance will be done on an as-needed basis, but the owner will be contacted to be informed of the emergency situation. TPM Inc. follows the Utah Housing guidelines for what determines an emergency maintenance situation. We have an excellent in-house maintenance service, including:
• 24-hour emergency availability
• Cleaning personnel
• Yard care
• Sprinkler system repair
• Nearly all types of routine maintenance
Our maintenance Supervisor, Gary Johnson, has been with us since 1982. Rates vary from $35.00 per hour to $45.00 per hour.
Other Information about TPM, Inc.
We are currently charging a 7%-9% management fee for new accounts. Management fees vary with the property, location, size, condition, etc. Management fees on large properties with on-site personnel vary depending on the specific management services provided. There are no fees or mark-ups added to the bills of outside contractors. The only additional costs are a one time $50.00 new account set-up fee and a $25.00 processing fee for each new tenant.
TPM INC., Total Property Management, was incorporated in 1976. We currently have 6 full time Property Managers.
TPM INC. is properly licensed with Provo City and the Utah State Division of Real Estate. Paul Sanchez is the Principle Broker, a member of the Utah County Board of Realtors and Vice President. David Sanchez is the Associated Broker, CEO and owner. Gina Hamilton is the current President of TPM Inc.
If you are considering buying or selling your property, TPM INC. is a licensed full service Real Estate Brokerage and we can help you with all your real estate needs.
We would appreciate the opportunity to be of service to you and your Real Estate Investments.
References are available upon request.
Gina Hamilton Paul Sanchez Dave Sanchez
President Principle Broker & Vice-President CEO & Owner