PHILADELPHIA PROPERTY MANAGEMENT & LEASING
Own a Philadelphia rental property and need professional management or leasing services? Here's what we can do for you:
Philly's Property Managers
For nearly 40 years, New Age Realty Group has served clients with the highest quality Philadelphia property management services.
We have amassed a portfolio of over 1,000 units, consisting of commercial and residential investment properties throughout the many neighborhoods of Philadelphia.
Through our services, we provide effective property management for the day-to-day needs of your property, with the ultimate goal of maximizing your return on investment. Every decision we make is with our clients in mind, and we offer personalized service that you can trust, treating your property as our own.
Need Vacancies Filled?
Want to manage your own property but need some help finding tenants? We offer leasing-only services for property owners.
Since 1986, our leasing team has helped hundreds of owners around Philadelphia find qualified tenants within a timely manner.
Trust us with your leasing needs, and experience the assurance of partnering with professionals devoted to finding you the right tenants.
FAQ
What is your pricing?
Our leasing commission is 1 month's rent.
Once the propoerty is leased and tenant occupied, the fee structure switches to a flat monthly fee based on a percentage of the rent.
Depending on condition, location, and portfolio size, our flat monthly fee is around 8%.
The only other fees you'll see are a $200 lease renewal fee, and a 10% contracting fee on all non-recurring maintenance.
How experienced is your team?
New Age Realty was founded by Diane Caprario in 1986, and we collectively have nearly 200 years of combined industry experience.
How big is your portfolio?
We manage or lease over 1,200 units a year all over the Philadelphia area.
What specific services are included in your management fees?
Once a property is leased and tenant occupied, we conduct rent collection, bill pay, service and maintenance requests, all tenant communication, license renewals, lead-based paint compliance testing, and the full eviction process if necessary. Our owners can be completely hands off!
How do you advertise and fill vacant properties?
We take professional pictures, floorplans, and 3D tours. We post those on our website and over 30 other syndicated websites as well. Prospects can book a tour directly through our website, and we have 2 in-house leasing agents that will tour them through the property. They can then apply right where they booked the tour.
We also market through social media platforms, send targeted email campaigns, promote listings at local events, and utilize paid advetising across multiple channels.
What is your tenant screening process?
We require that tenants make 3X the rent, gross income. We check credit history, criminal background, rental history, and perform income verification.
How can I know how my listing is performing?
We send all of our owners weekly reports on their listings outlining how many people have viewed their property, toured it, and applied.
How will we communicate and through what channels?
Owners receive weekly reports when their property is on the market, showing prospective tenant interest and showings. Owners will also receive monthly reporting on cash flow, income and expenses, and rent roll.
How do you handle rent collection?
Tenants can pay rent through an online portal by linking their bank account or paying with card. They can also submit payment directly to our office with cash, certified funds, or personal checks.
How is the eviction process handled if it becomes necessary?
Rent is due on the 1st and late on the 5th. One the 15th of that month, they receive an attorney letter, and by the end of that month, they are being filed on. The city then requires us to go through diversion and has the potential to go all the way to a lock out. We handle this whole process and go to court on your behalf.
