February 26th 2018
This Week: Manny Martin, Amador Property Management
Manuel “Manny” Martin was born in Oakland and raised in northern California. After graduating from high school, Manny went to Oakland City College and then Armstrong Business College. He started out working for Sara Lee, but then got a job with House of Seagrams. Manny was in the liquor distribution business for 21 years. In 1985 he got tired of traveling and with emerging drinking-and-driving laws, his business started declining; so he began looking around for another career.
He decided to get into real estate and settled on property management. He got his real estate license and started Amador Valley Property Management Company in Dublin. He has two children, a son, Steve, who is a vice principal at Wells Middle School, and a daughter, Deanna, that went to Chico State and now works with him doing property management. He is a proud grandpa, and his hobbies are boating, biking and yoga.
Manny’s goal is to make investing in real estate and being a landlord painless, easy and profitable. His philosophy is to treat people how you want to be treated. When you’re nice with tenants, you can usually get them to do what needs to be done.
He feels that careful tenant screening and selection is the most important thing in property management. Manny is very experienced in judging qualifications and matching tenants to properties. However, he cannot guarantee that a tenant will stay and suggests that property owners keep 2-3 months reserves to cover expenses during vacancies. The 2-3 month reserve will allow time to find the proper tenant and not just get someone in who will pay the rent. He recommends getting the largest deposit possible, which can be up to two times the rent rate.
The second most important thing in property management is inspections. An inspection of the rental property should be done every six months to insure that the tenant is abiding by the terms of their lease, is keeping the residence in good condition, and to check for repairs, such as leaky plumbing. A letter is sent to the tenant, giving them a choice of dates/times, advising them on what they should expect during the visit and asking them to remove items in areas that need to be inspected.
Maintenance is also very important to avoid major repairs. It also shows the tenants that you’re working on and watching the property, which usually causes them to take better care of the property.
Judges today are very pro-tenant. When you have to, it’s easier to help the resident leave than to go to court. Offering money can usually get them to leave quietly. Three things to do when screening a tenant: 1. Evaluate their credit score – go with the higher score, but if it’s low, go with your gut; 2. Get two months of most recent pay stubs to verify employment; 3. Call the prior landlord to see if they took care of the place.
In addition to tenant screening and selection, Amador Valley Property Management’s services include property evaluation, comprehensive legal forms, rent collection, handling security deposits, complete accounting services, property inspections, and repair and maintenance contracting supervision.
Manny Martin is a member of the National Association of Residential Property Managers among others. To take the headache out of managing your properties, or if you know someone who is in need of property management services, call Manny at 551-8700.
The next meeting of the Tri-Valley Executives’ Association will be held on March 1st, at Vic’s All-Star Kitchen at 7:00am.
Greeters: Thomas Tong of Thomas Watch Josh Cherry of Big “O” Tires
PROGRAM: Dave Silva of Silmar Flooring
March 8th – Jay A. Woidtke of The Law Office of Jay Woidtke
March 15th – Dave Sanchez, Sr. of B&S Hacienda
March 22nd – Dave Jones of Tiger Carpet Cleaning
March 29th – Lawrence Ling of QES Computers, Inc.
The pot of the TVEA 50/50 Raffle is $261 and 1 white marbles ($5), 0 blue marbles ($10) and 1 red marble (takes the “pot”).
Who do you know who would be a great fit for our group?
INVITE, INVITE, INVITE!
*Every guest you bring, you will receive a ticket to the raffle
Have A GREAT week!