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Nomadic provides real estate owners and investors the ability to customize individual property management services. Some real estate owners only need single service items, while others prefer an entire property management plan. Whatever your need, Nomadic prides itself in offering the flexibility and support systems to meet your demands. Our goal is to help protect, rent, manage, operate, grow and increase the value of all your real estate assets.
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The Nomadic Management Plan is our full scale property management service. Nomadic Specialists meet with individual real estate owners and investors to receive a detailed break down of each property to be managed and the goals of the owner. From this initial meeting, Nomadic Representatives draw up a Management plan specifically tailored to meet each individual owner's needs.
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Why use Nomadic to manage my properties?
The Nomadic Management Plan fee is 8% of gross rent received per month for all properties under management.
EXAMPLE: A client contracts Nomadic to manage 5 properties that each rent for $2,000/mth; therefore, Nomadic manages $10,000 per month in gross rent for this client. At the end of each month, that client is billed ($10,000 * 8%) = $800 for the monthly Management Plan Fee
Please note, the client is only billed for gross rent received, if an apartment under management is vacant, no fee is taken based on past or anticipated future rent.
The Nomadic Locator Fee Schedule is as follows:
Length of Lease (Days) % of 1st Full Months Rent
0-31 10
32-92 25
93-183 50
184-274 75
274-365 100
1 years + 150
The Management Plan fee and the Locator fee are the only costs for you, and they are not incurred until your tenant moves in.
Why choose Nomadic
Operating Philosophy
Nomadic approaches each management project with the same operating philosophy.
1. Meet with each real estate owner and investor and understand the goals and needs of each real estate asset to be managed
2. Use this information to generate a management plan that delivers customizable services that match our client’s exact needs and allows Nomadic to smoothly transition to full scale property management
3. Provide each client a point of contact that is accessible 7 days a week. Nomadic prides itself in keeping its clients well-informed and always being accessible and responsive to client needs
4. Provide detailed financial statements and reports each month outlining all property transactions
5. Provide monthly summary reports that capture all property events and display a running time log of management activity
Management Services and Benefits
Below is just a sample of some of the great services and benefits you will enjoy with the Nomadic Management Plan
1. Leasing Services: Nomadic Rental Specialists are trained to identify your target market, construct a cost-effective marketing campaign and lease to well-qualified tenants. Nomadic Specialists have a very successful track record in reducing vacancy loss, generating high rental demand and performing thorough tenant background checks that minimize the chances of a bad tenant occupying your valuable asset
2. Rent Collection/Management/Record Keeping: Nomadic has implemented a rent tracking system that allows our representatives to consistently reduce rent delinquency across all rental properties. In addition, Nomadic Representatives update and store all income and expenses for each of our client’s assets. Detailed summary reports are available at the end of each month. Our rent collection software and record keeping updates are ideal for owners who want organized snapshots of property performance
3. Property Maintenance: Nomadic performs thorough property Move-in/Move-out Inspections as well as frequent property spot checks to ensure property upkeep. Nomadic also performs preventative maintenance checks and contracts with trusted vendors for necessary repairs/work orders and turnover projects
4. Budget/Financial Statements: Nomadic Representatives setup and strictly adhere to a property budget. Each month our Representatives provide you with a Budget vs. Actual Report in addition to Income and Cash Flow Statements
5. Real Estate Forms: Our clients can access our Real Estate Forms library at anytime and download any necessary form for free. Don’t see a form you need, just let us know
6. Customizable Services: Nomadic is always working to adapt to its clients needs. If at any point our clients see the need to customize a service for their specific need, our representatives are their to provide the necessary support and flexibility to make it happen
All this and much more, give us a call at 202-223-9019 for more information
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Post Your Rentals For FREE!
Nomadic has created a distinct online rental platform that allows you to post an unlimited number of rental properties for free! Nomadic's design team has developed a well organized and high end property display template that maximizes your posting to qualified renters. In addition, your posting profile provides you a series of options that make communicating with potential tenants and showing and renting your property extremely easy. Post Now!
Show Your Property
Nomadic Rental Specialists show your property to all potential tenants. Nomadic representatives work fast and efficiently to maximize your property's revenue capabilities while minimizing vacancy loss. No need to take off work or cancel weekend plans to show your rental properties to prospective tenants, let Nomadic help.
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Rent Your Property
Nomadic Rental Specialists advertise, show, qualify and lease your rental property fast. Nomadic representatives get all the details about your property, setup an advertising plan that meets your budget, setup appointments with prospective tenants, show your property until it rents and ensure the prospective tenant set to occupy your premises is well qualified. Nomadic Representatives will also ensure a valid lease agreement is in place during the tenant's occupancy of your property. Call us today for more information or to customize this service for your particular situation.
View Price Plan / Request more information
The Nomadic Management Plan fee is 8% of gross rent received per month for all properties under management.
EXAMPLE: A client contracts Nomadic to manage 5 properties that each rent for $2,000/mth; therefore, Nomadic manages $10,000 per month in gross rent for this client. At the end of each month, that client is billed ($10,000 * 8%) = $800 for the monthly Management Plan Fee
Please note, the client is only billed for gross rent received, if an apartment under management is vacant, no fee is taken based on past or anticipated future rent.
The Nomadic Locator Fee Schedule is as follows:
Length of Lease (Days) % of 1st Full Months Rent
0-31 10
32-92 25
93-183 50
184-274 75
274-365 100
1 years + 150
The Management Plan fee and the Locator fee are the only costs for you, and they are not incurred until your tenant moves in.
Download Real Estate Forms
Nomadic has developed a growing library of real estate forms essential to renting, managing and operating your real estate. Each form is immediately downloadable in Microsoft Word format which allows you to easily make modifications for your particular circumstance. Nomadic Management Plan Clients can download an unlimited number of real estate forms for free. Click here for a complete list of all Downloadable Real Estate Forms
Tenant Background Checks
A bad tenant can physically damage your real estate, cause huge financial losses in missed rental payments and court fees and make your life extremely difficult for many months. Nomadic offers a series of Tenant Screening Services that can be purchased individually or packaged together to ensure your real estate is occupied by well-qualified tenants. Peace of mind is a valuable thing. Click here for a complete list of all Tenant Screening Services
Rent Collection Services/Management
Nomadic Representatives collect all rental payments on established due dates, deposit funds immediately into an escrow account and provide each owner a detailed rent collection report. Nomadic Representatives also provide rental receipts to each tenant within 7 days of received rent payment. If authorized by the owner, this service also includes distribution of Rent Default Letters to all delinquent tenants delivered via Certified Mail. All rent received and deposited into an escrow account will be distributed to the real estate owner/investor on an established date each month.
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The price for this service is 3.5% of all gross rent received per month for properties under contract.
EXAMPLE: A client contracts Nomadic to collect and manage $10,000 per month in gross rent from tenants. ($10,000 * 3.5%) = $350 Rent Collection/Management Fee per month
Please note, the client is only billed for gross rent received, if an apartment under contract is vacant, no fee is taken based on past or anticipated future rent.
Maintenance Requests
Nomadic has formed alliances with hard to find, quality, trusted vendors and handymen throughout the metro DC Area. Let Nomadic Specialists field all maintenance requests and work orders from your tenants, bid out estimates for services to be provided, obtain your authorization, schedule service, be present to let in and inspect vendor performance and provide a descriptive summary report and invoice of all services performed. No need to take off from work and stop living when your tenant's cable, internet, HVAC, etc. needs repair...Nomadic will be there for you.
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Apartment Turnover
Don't waste valuable time and money when a tenant vacates your property; gain access to Nomadic's trusted vendors, contractors and cleaning service companies that ensure a cost-effective and efficient turn of your rental property. Nomadic inspects your property, completes a Move-Out Inspection report and recommends all services needed to turn the apartment. Upon your approval, Nomadic schedules all services and is present to let in and inspect all work performed. Upon completion, Nomadic provides a descriptive summary report and invoice of all services performed and associated charges. Let Nomadic help decrease vacancy loss and turnover costs today.
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Move-In/Move-Out Inspections
Nomadic Representatives are trained to conduct Move-In and Move-Out Inspections to assess the current physical condition of the apartment at move-in and the extent of damage beyond normal wear and tear caused by a tenant upon move-out. These inspection reports are essential for determining and documenting any deposit deductions and calculations of amount owed for tenant-related property damages when a tenant vacates your property. These inspections include a thorough comparative analysis, written report/checklist and photo documentation. These two inspections are automatically packaged together unless otherwise instructed. Avoid the he said, she said conversation and allow Nomadic Specialists to be present at both Move In/Out.
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Property Spot Checks
Nomadic Representatives perform property spot checks to ensure your property is in good condition and not being neglected. These spot checks include interior and exterior photos and a summary report. Nomadic Representatives obtain written approval to enter premises and perform any inspections needed. This service can be setup on a monthly basis or be customized for your particular situation.
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Record Keeping
Let Nomadic handle the accounting records for your property. Nomadic will collect rents, distribute rent receipts, provide rent collection reports and file, record, and post all additional revenues/expenses to your property's ledger. Our organized documentation of all property transactions provide perfect year end summary statements and are ideal come tax season. These records also help highlight patterns that make annual budgets easier to generate.
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The price plan for Record Keeping consists of 2 factors.
1. There is a 3.5% fee for all gross rent collected and managed per month for properties under contract
2. There is a flat monthly fee of $129 to update, store and record all property income and expenses
EXAMPLE: A client contracts Nomadic to collect and manage $10,000 per month in gross rent from tenants. ($10,000 * 3.5%) = $350 Rent Collection/Management Fee per month. Plus the monthly flat fee of $129 to update, store and record all property financials: ($129+$350) = $479/mth for Record Keeping Services.
Key Distribution/Exchange
Nomadic understands you may not be able to meet your tenant on their move in/out day to distribute or pick-up keys. Nomadic Representatives will pick up the set of keys for you, be present at the time of move-in/move-out and ensure everything goes smoothly. There's no need to miss work or ruin a weekend by having to drive across town in order to drop off a set of keys. Let Nomadic do the work for you.
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Can't Leave Work
Nomadic understands that not everyone has the flexibility to take off or leave work early in order to be present for furniture delivery, cable and internet installation or whatever else you may need. Inform a Nomadic Representative of what you need, where to be and provide any additional instructions and we will have a trusted employee present to make sure everything goes as planned.
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Try Us
If a Real Estate owner/investor does not see a property management service that fits their needs, we ask they try us. Nomadic Representatives will be happy to customize a service specifically for you.
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