Owner FAQs
Answers to your frequently asked questions
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Does a Property Manager need to be licensed in Idaho?
Unfortunately no, anyone can say they are a property manager in the state of Idaho. Here at Lake CDA Property Management both owners are licensed real estate agents and we are members of the National Association of Real Property Managers (NARPM). To be a part of NARPM you have to take additional ethics courses and use their accounting standards. -
Can I reach you after hours?
Yes; All owners will be given our direct contact information to call, text, or email. And we try to respond as quickly as possible. -
Am I required to make my property available to Section 8?
No you are not. -
How and when do I get my payments?
We close out the monthly accounting cycle and do a direct deposit of your funds between the 7th -10th day of each month. -
How is rent collection handled?
Rent is due on the first of the month, but we do give tenants until the 5th of the month to pay rent before a late fee is put on their account. If rent has not been paid by the 3rd we do contact them to see why it has not been paid. Tenants can pay online via our portal or they can do a direct deposit to the local bank. -
What type of properties do you manage?
We manage unfurnished long term properties and furnished short term rentals. -
How do I access my financial reports?
Our owner-clients have a secure on-line portal which gives 24/7 access to financial reporting. -
Who holds the tenant security deposit?
Lake CDA Property Management holds all tenant security deposits in our security deposit trust account. This is done to comply with trust accounting rules and regulations with NARPM -
Can you help me buy or sell real estate?
Yes. We offer sales services exclusively to our owner-client group and we can help you buy another rental, or sell your current property when the time if right.