Reclaim Your Time with Trusted Property Management

Yes we do! Either call us from 8 am – 5 pm Monday – Friday or fill out our easy contact form (including the address you would like to discuss) to schedule an appointment today.

Considering the unique landscape of the Oklahoma rental market, you should consider hiring a property management company if you:

1. Own multiple properties and find managing them simultaneously challenging.
2. Live far from your rental property (perhaps out of state), making it difficult to manage it effectively.
3. Value your time and prefer not to deal with the day-to-day tasks of property management.
4. Seek professional handling of your investment, optimizing income while minimizing hassle.
5. Require expertise in navigating the Oklahoma rental market’s regulations and trends.

Leveraging a property management company in these situations can significantly enhance your rental property’s success and your satisfaction as an owner.

Property owners get paid seamlessly here at Dalatri Property Management. Here’s a quick overview:

1. Rent Collection: We efficiently collect rent from tenants using convenient online payment methods.
2. Deductions: We deduct any management fees and property-related expenses, as previously agreed.
3. Payment to Owners: The balance is transferred to property owners, typically via direct deposit for ease and speed between the 10th and the 12th. 
4. Monthly Statements: Owners have access to detailed financial statements online monthly, showing all income and expenditures for complete transparency.

Our process ensures property owners enjoy hassle-free income from their investment, with all the administrative and financial management taken care of by professionals.

Our tenant screening process is thorough and designed to ensure we find reliable and responsible tenants for your property. Here’s an overview of the steps involved:

1. Application Form: Prospective tenants complete a detailed application form through our management system. This form collects information on their identity, rental history, employment, income, and references.
2. Identity Verification: We verify the applicant’s identity to prevent fraud and ensure accuracy in the information provided.
3. Credit Check: A credit check is conducted to assess the applicant’s financial responsibility and ability to pay rent. We look for a history of timely payments and assess their debt-to-income ratio.
4. Income Verification: We require proof of income (such as pay stubs, tax returns, or bank statements) to verify that the applicant has a stable source of income. Typically, we look for a gross income that is at least three times the monthly rent.
5. Background Check: A background check is conducted to identify any past criminal activity that might be relevant to their tenancy. It’s important to comply with all applicable laws, including fair housing laws, when considering this information.
6. Interview: Sometimes, a brief interview with the prospective tenant can be helpful to clarify any questions and ensure a good fit between tenant and property.

Throughout this process, we adhere strictly to fair housing laws and treat all applicants equally, ensuring a fair and unbiased selection process. Our goal is to find tenants who will pay rent on time, take good care of the property, and abide by the lease terms, creating a positive and long-lasting relationship between tenants and property owners.

Our average lease is 12 months but we do allow the owner to choose, if they are willing to do longer or shorter leases.

Our Comprehensive Property Management Approach Includes:

• Initial Consultation: We start with a personal review of your property, where a dedicated manager will discuss our range of services with you. It’s important to us that your property meets safety, habitability standards, and falls within our management scope to ensure we can provide the best service possible.
• Free Rental Analysis: Discover the optimal rental value of your property with our complimentary market analysis, crafted to align with current market trends.
• Management Agreement: Together, we finalize a Property Management Agreement that details the responsibilities and rights of both parties, ensuring a clear, mutual understanding of our partnership.
• Professional Photos and Secure Access: We capture high-quality photos of your property and install lockbox systems, facilitating easy and safe viewings for potential tenants.
• Targeted Advertising: Your property gets maximum exposure on top rental sites, including Zillow, Trulia, and others, ensuring it reaches a wide audience. We also coordinate any necessary repairs or make-ready services to showcase your property at its best.
• Efficient Showings: We handle all tenant inquiries and coordinate showings, providing convenience and accessibility to interested parties, ensuring utilities are active to present your property in the best light.
• Rigorous Tenant Screening: Our comprehensive screening process includes checks on eviction and criminal history, credit reports, employment/income verification, adhering to all fair housing laws.
• Lease Signing and Security: Upon tenant approval, we manage the security deposit and first month’s rent collection, and facilitate the lease signing, ensuring all agreements are secure and legally compliant.
• Move-In Coordination: We conduct a detailed property walkthrough with the new tenant, covering all essential information, including maintenance policies and safety procedures.
• Rent Collection: Rents are collected via ACH, with payments made to owners, net of our management fee and other fees agreed to ensuring a smooth financial process each month.
• Owner Portal and Reporting: Utilizing Buildium software, we offer real-time access to financial statements and reports, giving you transparent insight into your property’s performance.
• Handling Late Payments: In case of late payments, we promptly issue notices and coordinate with you on the next steps, including eviction proceedings if necessary, with all associated costs transparently communicated.
• Maintenance and Repairs: From minor fixes to emergency repairs, we handle all maintenance issues, invoicing tenants for any damages caused and consulting with you for major repairs to find the best solutions without unnecessary markups.
• Move-Out and Re-Leasing: At lease end, we inspect the property, address any damages using the security deposit, and prepare the property for re-leasing, ensuring a quick turnaround to maximize your investment.
• Continuous Leasing Efforts: We proactively list your property for re-leasing, ensuring it’s ready to impress and re-occupy swiftly, with the option for current tenants to renew under agreed terms after a thorough inspection.

Our all-encompassing approach, including in-house maintenance, make-ready services, and remodeling, positions Dalatri Property Management as your go-to solution for stress-free, efficient property management, tailored to the unique Oklahoma market.

Generally speaking, properties in desirable areas or priced competitively can lease quickly, often within a few weeks in Oklahoma. The timeline to lease a property can vary significantly based on several factors, including: 

• Market Conditions: The local demand for rentals can significantly impact how quickly you can lease a property. In a landlord’s market where demand is high and supply is low, properties can lease within days. Conversely, in a tenant’s market, where there’s more supply than demand, it might take longer.
• Time of Year: Leasing activity in Oklahoma, like many places, often sees a seasonal pattern. Spring and summer months tend to be busier, with families preferring to move before the new school year starts. During fall and winter, the market might slow down, potentially leading to longer leasing times.
• Property Location and Condition: Properties located in desirable neighborhoods with good schools, amenities, and convenient access to major employment areas tend to lease faster. Similarly, properties that are well-maintained, clean, and have updated features are more attractive to potential tenants. 
• Rental Price: Setting the right price is crucial. If a property is priced too high compared to similar properties in the area, it may take longer to lease. Competitive pricing, informed by a comprehensive market analysis, can help attract tenants quickly.

On average, if all factors are optimized (competitive pricing, good condition, effective marketing), it could take anywhere from a few days to a few weeks to lease a property in Oklahoma. However, it’s not uncommon for the process to take up to a month or more, especially if any of the above factors are not in favor. Working with a knowledgeable property management company can help navigate these variables and potentially reduce the time it takes to lease your property by ensuring it is well-positioned in the market from the start.

Residential (Single-Family Home or Duplex)

• 10% management fee
• $400 placement fee
• $75 late fee (tenant pays, we keep for processing the eviction notice and serving the tenant)
• $250 per property in maintenance reserve. (Negotiable)

Multi Family (20 or more)

• 6% management fee (negotiable)
• $150 placement fee
• $75 late fee (tenant pays, we keep for processing the eviction notice and serving the tenant)