Renovations & Updates - 1432 Sara Ave, Akron, OH 44305 - 1432 Sara Ave, Akron, Ohio 44305.docx

✅ Initial Hemlane Action Plan – 1432 Sara Ave, Akron, OH 44305 🔧 1. Repair Coordination & Inspection • Schedule a make-ready inspection using Hemlane’s add-on (starting at $300) • Identify any cleaning, repairs, or turnover work needed • Provide photo documentation for your review • Coordinate repair vendors (their trusted network or your preferred pros) • Set thresholds (e.g. auto-approve repairs <$150) • Handle invoices and payments on your behalf You can instruct them to prioritize affordable, fast-turnover-ready results — no major upgrades unless approved. 📸 2. Tenant Placement Add-On ($695) • Initiate the leasing add-on service (this includes): • Scheduling professional photos if needed (or using yours) • Creating the online rental listing • Syndicating to Zillow, Trulia, Apartments.com, etc. • Managing inquiries, pre-screening, scheduling tours • Running background + credit checks • Lease generation and digital signing Provide target rent ($1,050), pet policy, and preferred lease length (e.g. 12+ months). 🧾 3. Utilities + Billing Oversight • Add notes on unpaid utility balances : • Dominion: $126.59 • City Water: $179.87 • Trash: $78.54 • FirstEnergy: (verify if Jan 2025 payment cleared) Hemlane can help track any remaining bills or coordinate final utility reconciliation with your accounting team. 🧍 4. Emergency Contacts & Local Backup • Set repair approval contacts (just you, or also a VA) • Clarify who should be contacted for emergencies, legal notices , or tenant disputes • Ask for confirmation that 24/7 emergency repair response is active for this property 🧠 5. Custom Lease Addenda / Notices • Provide any custom lease clauses or addenda (e.g. no smoking, quiet hours, pet fees) • Ask Hemlane to use Ohio state-compliant leases • Confirm whether they’ll notify tenants of rent increases or renewals on your behalf 💬 6. Communication Defaults • Make sure: • All tenant communication goes through Hemlane • They handle late rent follow-ups • Eviction Shield is active at $4.95/ mo if you want backup enforcement 📦 Summary: What to Tell Hemlane Up Front “Please onboard 1432 Sara Ave with a make-ready inspection, full tenant placement, and full repair coordination. Rent target is $1,050/month, 12-month lease minimum. Use Eviction Shield. I want a clean, fast turnover and a stable long-term tenant. Handle all tenant communication and emergencies — I’ll approve anything over $150. Send inspection results and listing link once ready.” 🚨 Property Taxes – Potential Delinquency Risk Why This Matters: • Unpaid property taxes in Ohio can quickly lead to tax liens , penalties , or even tax foreclosure . • The Yhome loan letter listed: “ Taxes: $1,186.38 ” But since that loan was canceled , it’s likely this amount was never paid . What To Do: • 🔍 Confirm with Summit County Treasurer’s office whether the 2023 or 1st half 2024 tax bill is still outstanding. • You can search by parcel ID or property address here: https://fiscaloffice.summitoh.net • 🧾 If unpaid, pay the balance directly or coordinate payment through Hemlane . • 📝 Add it as a one-time expense to your property accounting to reflect true net income. 🔐 Insurance – Immediate Coverage Gap Risk Why This Matters: • If no active policy is in place and something happens (e.g. fire, vandalism, squatters), you’re personally liable . • The Yhome letter said: “ Insurance: $512.40 ” Again, likely never paid if the loan was voided. What To Do: • 🔍 Search email or portals for any existing policy documentation . • 🧑 ‍ 💻 If nothing is on file , you must bind a new landlord policy ASAP : • Providers like Steadily , Obie , or even Hemlane’s partners offer fast quotes for landlord coverage. • Coverage should include: liability, dwelling replacement, loss of rent, vandalism, water backup. ✅ Steps to Fix This Now Action Who Can Help Status Verify tax status online You (Summit County site) ❓ Do now Pay delinquent tax if needed You or Hemlane PM ❓ Urgent Confirm insurance policy You / VA / Check docs ❓ Unknown Bind new landlord insurance You (Steadily, Obie, etc.) ❗ High-priority Forward policy docs to Hemlane You ❗ Required