"Putting our money where our mouth is"
Risk Mitigation Guarantee
As a Silver River Property Management owner-client, sit back, relax and let us handle everything. We understand two of the biggest risks that landlords face: eviction expenses and pet damage.
Our risk mitigation guarantee will reimburse you up to $1,000 in eviction fees, or $1,000 in pet damage (to a maximum of $1,000 per lease), if these costs exceed the amount of the tenants’ security deposit.
How can we do this?We are that confident in our screening process!
|Event:||$ Coverage Amount|
|EVICTION FEES||up to $1,000|
|PET DAMAGE||up to $1,000|
*Maximum payout per lease not to exceed a maximum of $1,000
Plan Administration / Eligibility Requirements:
Landlord account with Silver River Property Management must be in good standing and with no violations of the terms of the Management Agreement. Termination of the Management Agreement shall cause enrollment in Risk Mitigation to immediately terminate and Silver River Property Management shall not be responsible for any claims either past or future, even if tenant placement was done by Silver River Property Management. Tenant must have been screened and approved by Silver River Property Management and on a Silver River Property Management lease agreement dated April 29, 2019, or later.
In the event a tenant defaults on their payment or rent, Silver River Property Management will have the sole right and sole discretion to pursue legal proceedings for an eviction. Any costs associated with an eviction or charges for pet damage will first be billed to the tenant. Silver River Property Management will first attempt to collect funds from tenant to reimburse the owner. If Silver River Property Management does not collect these funds from the tenant, then Silver River Property Management will pay these expenses within the coverage limits as noted above.
All amounts due from tenant for the eviction or pet damage will first be deducted from the tenants security deposit, and Silver River Property Management will pay any amount over the security deposit to the maximum payout amount. Silver River Property Management will have a first claim position against tenant for any payment(s) recovered. The maximum payout by Silver River Property Management per lease agreement will not exceed $1,000. All payouts by Silver River Property Management will be made after the tenant has vacated the premise and after the completion of the security deposit disposition. Any lease or pet administration fees charged to the tenant will be retained by Silver River Property Management.
This guarantee applies only to pets approved by Silver River Property Management and does not apply if a tenant has an unauthorized pet. This guarantee excludes Service Animals per Fair Housing guidelines. This guarantee also excludes eviction fees for any tenant on a government subsidized program including Section 8.
We believe in quality customer service. If for any reason you wish to discontinue your service with us, you can cancel your agreement at any time with no penalties.
With our results guarantee you don’t pay us until we show results! If we are leasing your property for you, we do all the work up front and you don’t pay us until you get a qualified tenant. That means we aggressively market and show your property, screen the tenants, handle all of the paperwork and perform a move in inspection...all before we get paid anything.
30 Day Rental Guarantee***
If we are unable to lease your home in 30 days or less we will give you ONE month of management free!
***If price recommendation of SRPM is followed
Marketing is key to successful rentals. We provide an expert market analysis for each property we manage to maximize your return on investment.
We conduct extensive screening on all tenants and handle every aspect of getting your investment rented in the shortest time possible.
We make sure you get paid on time, every time. You no longer have to worry about rent showing up in your bank account.
We conduct inspections upon move-in and move-out and ensure all maintenance issues are addressed in a timely manner.
With our detailed financial reporting tools and online owner portal, it's never been easier to keep tabs on your investment.
In the unfortunate event that a tenant needs to be evicted from your rental, we will shield you from the stress and re-rent the property promptly.
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AREAS WE SERVE
- College Park
- Ellicott City
- Fort Washington
- Glen Burnie
- New Carrollton
- Severna Park
- Silver Spring
- Upper Marlboro