4. We collect the rent each month. We will take care of any repairs that are required. We then send the owner their rental income, less the cost of any repairs and our commission. The owner receives a statement each month and a form 1099 at the end of the year for income tax purposes
5. At the end of the lease period, if the tenant wishes to continue renting, we will extend the lease with no charge to the owner. If the tenant moves out, we check for damages and prepare the property for a new tenant.