Owner FAQs

Investors benefit from naming their Beggs Property Managment as an additional insured on their dwelling policy for several reasons. Firstly, having Beggs Property Management named as an additional insured minimizes the likelihood of disputes between insurance companies over liability coverage and streamlines the claims process in case of covered losses.

Secondly, including Beggs Property Management as an additional insured fosters a collaborative working relationship. It ensures alignment of interests between the owner and the property management team, as both parties are covered under the same insurance policy which puts both owner and property manager on the same side of a claim.

Lastly, this extends insurance coverage to the property manager- who is performing management activities on behalf of the owner- shielding both parties from liability claims arising from those management activities. This reduces the owner's exposure to potential legal and financial risks associated with property management decisions.

As of March 2024, there is no requirement forcing an owner to participate in the Section 8 housing program.

Yes, Beggs Property Management LLC is licensed Real Estate Broker with the Missouri Real Estate Commision.

We understand your desire towards maintaining your property and your dedication to the upkeep of your investment is truly commendable, and we value your commitment to ensuring its quality.

However, we do not allow owners to perform maintenance tasks on your property. Here's why:

• Licensing Requirements: Our professional maintenance team holds the necessary licenses and certifications required to perform maintenance work in accordance with legal requirements. This ensures that all work conducted on your property meets the appropriate standards and regulations, safeguarding both your investment and the well-being of tenants or occupants.
• Compliance Assurance: Allowing our team to handle maintenance tasks ensures compliance with local regulations and standards, minimizing any potential legal risks or liabilities associated with non-compliance.
• Safety and Quality Assurance: Our skilled technicians are equipped with the expertise, tools, and resources to address any issues promptly and effectively, ensuring the safety and quality of the work performed.
• Preservation of Property Value: Professional maintenance helps maintain the integrity of your property and protects its long-term value, ensuring it remains a desirable asset for years to come.
• Tenant Satisfaction: Entrusting maintenance responsibilities to our team contributes significantly to tenant satisfaction. Timely resolution of maintenance issues is vital in fostering positive tenant relationships and retaining occupants. Happy tenants are more likely to renew leases, recommend your property to others, and take better care of the space they inhabit.

We understand that you may have specific preferences or concerns regarding maintenance tasks, and we assure you that our team is always available to address any questions or issues you may have.

We want to ensure the maintenance of your property and hold our maintenance partners and staff to a high standard. We are happy to consider your preferred vendor with the following qualifications:

• The Owner's preferred vendor must have valid General Liability and Workers Compensation Insurance approved by the Manager, with the Manager named as an additional insured.
• The vendor must hold a business license for the property's jurisdiction, or state/county license for certain trades.
• There's a $75.00 on-boarding charge per vendor for documentation, orientation, and setup.
• The vendor must use the Manager's electronic service dispatch system.
• A 10% surcharge applies for non-approved vendors.
• After completing 5 services in 6 months, the vendor's performance will be evaluated for potential inclusion in the Manager's approved list.

Absolutely. Our office phones are monitored 24 hours a day, 7 days a week. However, unless it is an emergency, we ask that you call during normal business hours.

Yes, we prefer to pay your net rental proceeds for the previous month via an ACH transaction directly to the bank account of your choice.

You are welcome to review our proprietary lease. Per your Property Management Agreement, and to make the leasing process streamlined for you and the tenant, we sign all leases on your behalf,

Yes. We are able to represent you in the selling, buying, of a property. We specialize in investment property and have some specialized tools to evaluate any potential residential real estate investment.

We make owner payments after we your tenant’s payment has cleared their financial institution. This is typically between the 10th and 12th of the month.

Rents are due on the first. Rents received after noon on the 5th day of the month are subject to late fees. Outstanding charges on the 5th will be placed in our collection process which sends out late notices with several reminders. We will keep owners informed of our progress.

12 months is the minimum length of lease. We do not recommend signing leases longer than 12 months. Call (816) 781-5600 to ask us why.

One month if the applicant meets our approval criteria. Deposits can be up to 2 months, depending on the applicants qualifications.

We can start managing your property after we have viewed the property, and a property management agreement has been signed. This typically takes no more than 3 days.

We manage single family, duplex, and multi family residential properties. We also perform HOA and condominium association managment.

Real time financial reports are available via your Owner Portal 24/7. At a minimum you will receive an Owner Statement with your monthly owner distribution payment.

Beggs Property Management holds all security deposits in an FDIC insured trust account.