Owner FAQs
Answers to your frequently asked questions
-
Am I required to accept Section 8 tenants?
Yes, however, Section 8 has strict guidelines for qualifying both tenants and the property that they choose to live in. The property's price range must be compatible with their income and their voucher, taking multiple factors into account. -
Are you a licensed property management company?
Yes. Ubiquity Property Management & Realty is fully licensed and operates in compliance with all relevant state and industry standards. Real Estate Broker License #6501 and #3319. -
Can I reach someone after hours?
Absolutely. We offer an emergency contact line for urgent issues. 701.340.2901 Routine inquiries are handled during regular business hours. -
Can rent proceeds be deposited directly into my bank account?
Yes, we provide secure direct deposit for all owner disbursements, ensuring fast and reliable access to your rental income. -
Will I be able to review the lease before it's signed?
As your property manager, we typically handle the lease signing process . Before you sign your contract with us, we can provide you with a typical lease template to review. Some properties may require small adjustments or addendums that we’re willing to accommodate. -
Do you also handle real estate sales?
Yes, in addition to property management, we offer real estate sales services. If you're looking to buy or sell, our licensed agent can help guide you through the process. Real Estate Broker License #6501 and #3319, Melodee Groninger 701.340.2901. -
How and when do I receive my disbursements?
Owner payouts are issued on a regular schedule, typically through direct deposit after rent is collected and any expenses are processed. Most often, property management companies payout on the 20th or 25th of the month, for Ubiquity Property Management & Realty, this is generally on the 10th of the month. -
How is rent collected from tenants?
Tenants can pay rent online through a secure portal or use traditional methods. We enforce timely payment in accordance with the lease and follow up on any delinquencies as needed. -
What lease term do you typically use?
Most leases are for 6 or 12 months, though we can accommodate alternative lease lengths depending on market conditions. -
How much is the tenant’s security deposit?
Security deposits are set based on local laws, rental value, and tenant qualifications. We ensure all deposits align with legal standards. Usually, we require it to be the same as one month's rent. -
How soon can you start managing my property?
We can begin as soon as the management agreement is signed. If you need assistance to make your property ready to lease, we can help with that too. -
What types of properties do you manage?
We manage a wide range of residential and commercial properties, including single-family homes, condos, multi-unit buildings, twin homes, townhouses and storage units. -
What kinds of reports do I receive and how often?
You’ll receive monthly financial statements, including rent collected, expenses paid, and maintenance activity. Additional reports are available upon request. You can have direct access to all your information through your owner portal for a nominal charge. -
Who holds the tenant’s security deposit?
Security deposits are held by the property management company in accordance with local laws and best practices, ensuring full compliance and transparency.
