Yes. Genesis Real Estate & Management, LLC is an Arizona real estate brokerage led by Daniel Reichardt, Owner and Designated Broker. Our team includes seven licensed real estate agents serving Tucson and Southern Arizona.
Genesis currently manages approximately 475 residential rental doors throughout Tucson and Southern Arizona.
We manage residential rental properties, including:
Contact us to discuss whether your property is a good fit for our management program.
Our services may include:
Our current standard pricing is:
Move-in, move-out and pre-renewal inspections are included.
No. Genesis does not charge the monthly management percentage while the property is vacant and no rent is being collected.
The monthly management fee is charged only when rent is collected.
We evaluate:
Genesis and the owner establish an approved rental range before marketing begins.
We market rental properties through appropriate rental websites, listing-syndication services and other effective marketing channels.
Professional photographs, accurate property descriptions, signs and lockboxes may also be used when appropriate and authorized.
MLS marketing requires a separate written listing agreement and may involve additional compensation to a cooperating real estate broker.
Applications are evaluated using established criteria that may include:
Our criteria are applied consistently and in accordance with applicable fair-housing requirements.
Thorough screening helps reduce risk, but no property manager can guarantee a tenant’s future conduct or financial performance.
The Property Management Agreement and Property Addendum identify whether Genesis or the owner has final approval authority.
Genesis applies the approved screening standards and may consult the owner when an application presents unusual, borderline or property-specific circumstances.
Yes. Owners may choose to:
Requests involving assistance and emotional support animals are evaluated separately in accordance with applicable fair-housing requirements.
Genesis prepares the rental agreement and may sign it on the owner’s behalf as authorized by the signed Property Management Agreement.
The owner may establish the approved rental range, while Genesis negotiates and administers the remaining lease terms.
Our first scheduled round of owner payments is initiated on the 10th of each month.
Payments are sent electronically through ACH and generally take a few business days to reach the owner’s bank account. Timing may be affected by weekends, holidays or the receiving bank’s processing procedures.
Owner payments may be delayed when:
When rent is received after the first payment run, Genesis processes the owner’s available proceeds after the funds have reached and cleared our account.
Prepaid rent is held in the property-management trust account until each applicable rental period begins.
For example, when a tenant prepays several months, each month’s rent is released to the owner as that month becomes due rather than distributing the entire advance immediately.
Owners can access statements, financial reports and available property information through the secure Rentvine Owner Portal.
Statements generally show:
Owners may make an electronic contribution through the Rentvine Owner Portal.
Genesis may request additional funds when the property reserve is insufficient for an upcoming repair, property expense or emergency.
The standard owner reserve begins at $350 per property.
The required reserve may be increased depending on:
Owners are responsible for replenishing the reserve after receiving a request from Genesis. The applicable reserve requirement is documented in the Property Addendum or communicated to the owner when an adjustment is necessary.
Genesis communicates with the tenant, serves applicable notices and follows procedures permitted by the lease and applicable requirements.
When rent remains unpaid, Genesis may discuss the available options with the owner, including further notices, an appropriate payment arrangement or an eviction action.
Late tenant payments also delay owner proceeds because Genesis must wait for the tenant’s payment to reach and clear our account.
Genesis can:
Genesis cannot act as the owner’s attorney or represent the owner in court. When court proceedings are necessary, the owner must appear personally or retain an attorney.
Tenants submit maintenance requests through the Rentvine portal.
Genesis reviews the request, communicates with the tenant and coordinates an appropriate vendor when service is required.
Under the current Property Management Agreement:
Examples may include:
Under the current Property Management Agreement, Genesis may authorize emergency expenses below $800 without waiting for advance owner approval when prompt action is necessary.
Owner preferences may be considered when practical, provided the vendor is qualified, properly insured when required, responsive and able to meet the property’s needs.
Genesis may select another vendor when:
Vendor arrangements should be discussed during onboarding and documented when appropriate.
The following inspections are included:
Owners may request additional inspections for $75 each by submitting a written request with sufficient advance notice.
Inspection reports document observable conditions. They are not substitutes for specialized structural, environmental, roofing, plumbing, electrical, HVAC or other professional inspections.
Tenant security deposits, prepaid rent and other funds required to be held are maintained in a designated property-management trust account and handled according to the lease, Property Management Agreement and applicable requirements.
Genesis documents the move-out condition and may assist with preparing the itemized deposit accounting.
Depending on the management arrangement, the owner may determine the deductions, or Genesis may prepare and send the itemization when authorized or when necessary to complete the process within the required timeframe.
Deductions must be supported by documentation and must distinguish tenant-caused damage from ordinary wear and tear.
The property must be safe, clean, functional and rent ready.
This generally includes:
Genesis can coordinate cleaning, repairs and property preparation when assistance is needed. Additional coordination or assessment charges may apply when substantial preparation is required.
For all properties, Genesis will require:
Owners must have electric and water utilities for their properties on landlord agreements.
Depending on the property, Genesis may require:
Owners must promptly notify Genesis when material property or contact information changes.
Owners must maintain appropriate rental-property insurance, including applicable:
Genesis Real Estate & Management, LLC must be named as an additional insured when required by the Property Management Agreement.
Owners should consult their insurance professional to determine the appropriate coverage for their property.
Yes.
The owner must provide Genesis with:
The owner remains responsible for HOA dues, assessments, fees and fines.
Yes.
The owner remains responsible for:
The pool or spa must meet applicable safety requirements before tenant occupancy.
Yes.
Out-of-state owners must designate an Arizona statutory agent when required. Genesis may act as the statutory agent for a residential rental property during the management term when selected in the Property Addendum.
Owners should direct tenant communications, repair requests, lease discussions and rental negotiations through Genesis.
This helps maintain:
Owners should contact Genesis before visiting or communicating directly with a tenant.
Yes, but the visit must be coordinated through Genesis.
Owners should provide Genesis with at least five business days’ advance written notice so that any required tenant notice can be delivered and access can be arranged.
Owners should not enter an occupied property without proper notice and coordination.
Owners remain responsible for:
The Property Addendum identifies whether Genesis or the owner has final authority over lease renewals.
Before renewal, Genesis may evaluate:
Notify Genesis before listing, selling, transferring or exchanging the property.
The management agreement, existing lease and tenant rights must be considered during the sale.
Owners are not required to hire Genesis to sell the property. Hiring Genesis for the sale requires a separate real estate listing agreement.
Yes.
Under the current Property Management Agreement, either Genesis or the owner may cancel with 10 calendar days’ advance written notice, subject to the notice requirements in the signed agreement.
There is no general cancellation fee under the current agreement. However, the owner remains responsible for:
The signed Property Management Agreement and Property Addendum control if a particular property has different terms.
The current Property Management Agreement automatically renews for a period equal to its initial term unless either party provides the required notice of nonrenewal.
Genesis sends an email reminder at least 30 days before the scheduled termination date.
The terms of the owner’s signed agreement control.
After termination, Genesis completes the account-closing process, which may include:
The owner then assumes responsibility for ongoing leases, vendors, tenant communication and property obligations.
No.
Genesis provides property-management and real estate services but does not provide legal, accounting, insurance or tax advice.
Owners should consult an attorney, accountant, tax professional, insurance professional or other qualified adviser for matters outside the scope of property management.
Management may begin after:
Genesis can then establish the property account, recommend a rental rate and begin marketing when appropriate.
Request a free rental analysis or schedule a consultation.
Genesis will review the property, discuss expected rent, explain services and fees, identify preparation needs and provide the documents required to begin management.
Request a Free Rental Analysis View Property Management Pricing Schedule a Consultation Call 520-325-5932
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