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Boarding House / Group Home

In the Sharing Economy the boarding house of today is very different from the past. In the Washington area we have professionals who band together to help offset the cost of housing. When considering this type of rental it’s best to understand some of the challenges you will face. Despite the challenges to your property this is a great way to increase your return on investment.

Some of the many factors involved.

  • Personality of the individual tenant with their roommates. How do you facilitate a cohesive and cooperative environment? We have several solutions to ease in a new tenant and communications which provides a positive process for all the roommates.
  • Conflict resolution?
  • Communications, House rules?
  • What type of Lease agreement?
  • Length of the Lease agreement?
  • Common area maintenance and cleanliness?
  • Mechanical systems and maintenance, who is in charge?
  • What to supply to the common area elements?
  • Bike storage?
  • Storage area?
  • Mail handling?
  • Parking?
  • Trash Removal?
  • Appliances, cleanliness and use?
  • Laundry?
  • Pets?
  • HOA / CONDO Rules and Regulations

We do have a solution for this type of rental and offer the service under our Turnkey program. Boarding house services are an add-on option based on the size (unit type), condition, location and inspection regiment you feel will be needed. Listed below are the additional services we offer:

ADD ON SERVICES FOR GROUP HOME MANAGEMENT

Service  Description  Fee or estimated cost (add-on) 
 Set up Fee  Set up for up to 6 individuals per property on our tenant portal and payment systems.  $399.00
Custom Tenant Handbook We will prepare a custom tenant handbook for your property specific to your needs. Included in the property set up fee
Group Email & User Group; We create a user group and group-email for the tenants to communicate with us and them selves. Included in the property set up fee
Add on to the regular management fee In addition to the regular management fee there is an add-on percentage. Call: 703-349-0744
Property maintenance inspection regiment Based on an agreed upon regiment, usually a quarterly inspection cycle. (Recommended minimum) We can include maintenance services like filter replacement or any agreed upon equipment service. $175.00 per site visit plus any maintenance cost.
Prepare the Lease documents ONLY We can prepare just the Lease documents if you plan to find your own tenant. $499.00
Find, Place and Prepare the Lease For us to find and place the tenant, do the background screening, coordinate with the other tenants. We change one month’s rent, with a minimum of $900.00
Background screening A La Carte To prepare a report for your review. To prepare a report for your review.

The sharing economy has morphed this type of housing arrangement into a more permanent type of rental. When the economy was weak and new graduates were seeking permanent employment the group property was the most affordable solution. As the economy improved housing began to be in short supply and the demand very high which has created bands of new entrants into our local economy. There has been some interesting side effects for property managers and we will be happy to discus this strategy with you. Contact Us

Eric Guggenheimer, Broker Manager 703-349-0744

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Circle Property Management, LLC
9520 B Lee Hwy.
Fairfax, VA 22031

OFFICE: 703.349.0144

FAX: 703-349-7822

Virginia Lic # Firm Lic: 0226-024470
Washington DC Lic LL98375649

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