Our Services

Property Management

Expert property management you can trust

CoRental Property Management, Inc., offers a wide range of services to ensure your property is well cared for and consistently performing at its best. Our licensed team brings years of experience and strong local expertise, giving you confidence that your investment is in capable hands.

We believe in one, up front rate, contingent upon your property being rented and generating an income. There are no start up fees or hidden fees along the way. This approach keeps us motivated to place qualified tenants quickly and secure the best rental price, helping you reduce costs and maximize your return as an owner.

Listed below are some of the management services CoRental provides:

Financial Responsibilities

• All rents are collected monthly by the 5th day of each month. Timely payment is recorded by the bookkeeper and supervised by the Property Manager.
• Collect and hold tenant security deposits.
• Monitor and maintain your account, keeping record of property income and expense activity in detail.
• Generate and send a computerized monthly statement to Owners displaying monthly transactions.
• Electronically deposit the collected revenue to Owner’s account of choice.
• Owners have an online portal where they may access their account and review their ledger and corresponding documents, contracts, etc., in real time, 24/7 from anywhere they have internet access.

Property Maintenance and Upkeep

• Coordinate and dispense all repair work to quality contractors. Work in close contact with all contractors for quality control and efficient follow-through. For repairs, monies are deducted from the Owner’s monthly proceeds. For repairs exceeding $500.00 Owners will be notified to obtain authorization.
• When a property is vacated, all repairs and necessary cleaning are coordinated through CoRental.

Further Services

CoRental has a thorough and multi-faceted approach to meet the unique and individual needs of each owner and asset we are entrusted to care for.

Listed below are a few services our diversly talented and adaptable team can offer you.

• Free consultations.
• Create an advertisement inclusive of photos and market across an assortment of platforms to generate as many leads as possible.
• Document property condition and comprise a subsequent report.
• Screen and qualify prospective tenants.
• Conduct showings of premises to be leased, escorting prospects personally.
• Execute lease agreements and determine appropriate method and terms of such agreements.
• Ensure the transfer of utilities to the appropriate party as tenants change.
• Handle tenant relations and communications.
• Evaluate property periodically to determine rental value through market surveys.
• Review the physical condition of the property and develop maintenance programs.
• Control and interface maintenance problems with tenants and maintenance personnel.
• Pursue and recover delinquent accounts, only hiring collection agencies if necessary.
• If needed, our company works in collaboration with an attorney for eviction services. State law requires we hire attorneys to do evictions. This service is at the Owner's expense.

Rental Market Comparisons
Landlords utilize various methods to determine a rental value, be it simple or complex. Of course, it doesn’t really matter how you get there as long as you arrive. It’s important to understand the market trends when determining your rent amount. One thing to consider is how long you can wait to find a tenant willing to pay what you’re asking. In a strong market, renters line up at the door, and you have a pretty good chance of renting the unit in a short amount of time. In a soft market you can throw all the rules out the window. Market value fluctuates so often that it might be wise to set your rent aggressively. You should weigh the loss for a twelve-month period. For example, if you have been receiving $1500.00 a month in rent and the unit is vacant for 3 months because you want to rent at that amount, you are losing a total of $4500.00 in rent along with any expenses accrued throughout the three-month period. Over a 1-year period you stand to lose $600.00 if you reduce the rent to $1,450.00.

Along with our industry experience, we source and analyze information from places that offer the strongest pulse on market value. In this ever-changing world, many of these sources come from online platforms where the majority of renters are searching. We like to start at the high end of the spectrum, but we encourage flexibility from our Owners as to lowering of the rent amount. If you want your property to rent quickly, price it towards the lower end of the rent range and you will at least get response to your advertisement. The goal is to identify where demand meets supply.

Landlord and Tenant Laws
Owning an investment property can be exciting and frustrating. It can also leave your personal assets exposed. It is important to know your rights and the rights of your tenant when dealing with issues concerning tenancy, notices, and Ownership. Of course, our team of licensed property managers can answer most questions that arise. If you like to be a more familiarized, feel free to check out the links below for an overview of Montana landlord/tenant law, Fair Housing Law and HUD library.

Montana Code Annotated (Title 70, Chapter 24)

Fair Housing Law

HUD Library

Curb Appeal and More
Historically, Owners were able to get a substantial return on their investment with little money going into the property. Today, the way your home shows to the tenant is crucial to quickly renting the home. Rarely is a property rented without a potential tenant viewing the home first. If they look at the rental property, you have accomplished half of the battle. Updating appliances, flooring, painting, and in some cases remodeling areas of the home can improve your chances of finding a quality tenant at a reasonable rent. It is often the condition of the property that determines the quality of tenant you will find. A property kept poorly will attract a tenant that is comfortable in that environment, they in turn treat it with the same level of respect or lack thereof. Properties in a state of disrepair can only lead to lower rents and more problems with tenants down the road.

That is where CoRental comes in. Our company has been established in the Flathead Valley for decades. This has allowed us to create and maintain relationships with a wide array of vendors, all with different areas of expertise such as plumbing, electrical, HVAC, roofing, remodeling, and general “handyman” services, etc.. We know which tool to send for the job, so to speak. Choosing to partner with CoRental allows you access to our network of vendors, priority service, preferred pricing, and more.

In our long history of industry experience, we have come to understand that sometimes less is more. When the market is strong, many Owners tend to think that it is okay to let certain things go. Because the demand is high, tenant's demands are low causing fewer expenses for the home. However, when an Owner is receiving a high rent on a consistent basis, it is the right time to invest some of that income back into the property. It is a good idea to replace little things here and there as they break down or as a means of maintaining the look and feel of the property. It will reassure your tenant that you take pride in the property and value their tenancy. Owners who do these things tend to hang on to their tenants longer and have fewer issues over the term of the tenancy. When the tenant does decide to leave, you have left yourself in a good position, with a higher home value. You will end up spending less money to bring the property up to expectations and you’ll re-rent the property faster and collect a higher rent in some cases, a better return on investment over time.