Good customer service to me and my tenant. Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. The cost of choosing the wrong tenant is steep in terms of time, money and, in some cases, legal difficulties. Finally, theres the task of accounting. All the stuff Lucy, or perhaps your client, will have to do for herself in the absence of a management professional market research, advertising, tenant screening, legal document creation, rent collection, escrow accounting, maintenance and repairs, and more while also staying on the right side of the law and, hopefully, out of the courtroom. %PDF-1.7 <> endobj We do all the stuff youre going to have to do if you dont hire us! 2.
Team McIntosh, LLC Realty ONE Group Dockside, "I owned a investment unit with Chicora generating great passive income to me. 4. If she is especially handy around the house or likes DIY projects, she might think shes ready for the task. endobj
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The loan's status was last updated by the SBA in November, 2020. <>
And if it was the tenants fault, theyre going to be charged for the repair. ;$.=4N~9C.`pp661c?aDq;cNN>F('Ert(_t1"eey(ROfge No matter how nice her agent is, thats just not part of the job description. When her collection efforts fail and she finally accepts that its time to evict, she will have to send a legal notice instructing her tenants to pay or vacate the premises. Professional Service, Real Estate Company, All other marks contained herein are the property of their respective owners. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations. Business Service, Signs & Banner Service, View sitemap, FederalPay is a free public resource site and is not affiliated with the United States government or any Government agency, In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes, For new businesses that were not in operation in 2019, alternative reference periods are available. 15 0 obj
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $33,467 per employee1. <>
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". Shelf O Matic and Christy Collection International Inc. Chicora Long Term Rentals, LLC offers residential real estate services to people in and around Myrtle Beach. Residential Property Managers Myrtle Beach, SC, Indigo Property Management endobj
If something breaks, leaks, bursts or wears out itll be Lucys responsibility to determine the cause of the problem. What a property manager does in real estate laohA.4|^nA*}+;/VgC5R=me cLsnn>r 3MA2FpI*nP(|ROJ /&Fh#oZ4-wsO]Z`a9t>5H'5;QNc5#|& +F`"fOHD nKDx2q?nM~~\5x,Q&qoJ,BdR08Jw=%|NRXguX
Jamestown Management, LLC 
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SC 29579, Myrtle Beach, Local Service, Moving & Storage Service, This industry in total received less than 1% of the total PPP funding distributed. Our records show it was established in 2010 and incorporated in SC. endobj
Claim it for free to: Search Manta's Directory to find the Small Business you're looking for. Business Service, Business Service, 17 0 obj
These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $48,820 (compared to this company's $69,722). Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only. Or she might opt to engage a Realtor who will list her property with the multiple listing service, draw up the lease, oversee a move-in day inspection and then withdraw from the transaction. Shell bear the responsibility of documenting the cost with a legitimate contractors invoice. 
Employment status must be verified, and so does the applicants rental history, with references from current and previous landlords checked. For example, did the 8-year-old washing machine die of natural causes such as reasonable wear and tear, or did it stop running because the tenants all left rocks in the pockets of their jeans? 12 0 obj Fix things that break. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Lucy must determine the right rent. [ 13 0 R] 1 0 obj At the time of the hearing, shell have to appear before the judge (probably taking a half or full day off of work to do so).
And once that decision has been made, the next responsibility that falls to the landlord is to ensure that the lease includes all of the appropriate requirements for your property and is legally enforceable. Construction Service & Supply, Property Management Company, Before she even places an ad, its important that she know and understand who her target market is and what the sweet spot for rent is in her neighborhood. Owners who claim their business can update listing details, add photos, respond to reviews, and more. Once we notice visitors from Facebook to shared place, it gets promoted for 3 months FREE! 2014 - 2022 FederalPay.org. Most of the time, a homeowner lets call her Lucy Landlord in this case assumes that stuff will all fall mostly under the category of home maintenance. The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. <> 7 0 obj Myrtle Beach, SC, Vacation Property Service Of Myrtle Beach Inc endobj endobj This business is unclaimed. All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C.
Chicora Long Term Rentals is a full service rental management firm, providing professional rental services sinc 1986. 14 0 obj 3876 Renee Dr, Myrtle Beach (SC), 29579, United States, 3874 Renee Drive, Suite C, Myrtle Beach (SC), 29579, United States, 109 Finnegan Ct, Myrtle Beach (SC), 29579, United States, PO Box 50691, Myrtle Beach (SC), 29579, United States, 603 Kent Ln Apt 20B, Myrtle Beach (SC), 29579, United States, 4761 Highway 501, Ste 6, Myrtle Beach (SC), 29579, United States, p.o. 10 0 obj Consider donating! YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. % bryan myrtle dr beach apartments <>/Metadata 442 0 R/ViewerPreferences 443 0 R>> 6 0 obj Keep track of income and expenses. In the event the tenant stops paying rent, Lucy will attempt to collect it by sending written correspondence and making phone calls. Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components. endstream 3 0 obj This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Have FederalPay.org's open data tools been valuable? After that, itll fall to Lucy to file a lawsuit in court. Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. In order to qualify for the PPP loan amount received, Chicora Long Term Rentals LLC's 2019 payroll expenses are estimated to be at least $334,666. stream
After successfully qualifying the tenants application, itll be Lucys, or possibly her agents, responsibility to draw up a lease that is both fully compliant with the law and 100 percent enforceable. So, what does a property manager do? Estimations for informational purposes only. endobj 11 0 obj YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. Current estimates show this company has an annual revenue of 176383 and employs a staff of approximately 2.
Find the right tenant. 8 0 obj Business Service,
Tracking the income and expenses for Lucys rental property isnt just a good financial habit for her to build its the law. Shopping & Retail, Property Management Company, stream Murrells Inlet, SC, Oceanfront Vacation Rentals Inc Chicora Long Term Rentals LLC is a limited liability company (LLC) located at 4605 Oleander Dr Ste 5 in Myrtle Beach, South Carolina that received a Coronavirus-related PPP loan from the SBA of $69,722.00 in April, 2020. vy]V+h&.uR^T}c2y!1!/'60$jjd"Nt Z'[ @rl <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> What is the fair-market rental value of her property? Once the actual lease has been drawn up, theres the matter of the security deposit. Once the rent price has been set, its time to begin the process of advertising and reviewing replies to ads. 552 (Freedom of Information Act) and 5 U.S.C. On the PPP application, Chicora Long Term Rentals LLC reported intending to use the proceeds of their PPP loan for the following expenses: Business Industry: Categorized under Real Estate Leasing and Rentals.