Who manages the property and the tenants once it has been purchased?
Menlo Gate manages the property for the entire term of the investment. The investors will never be called upon to provide any service for the property. Menlo Gate’s property management activities include the performance of general landlord/tenant responsibilities such as the qualification of tenants, receipt of rents and deposits, performance of rental increases, services of requisite statutory notices for termination of tenancy or renewal of leases, maintenance of contracts for gardening, landscaping, and laundry, termination of tenancies, return of deposits with requisite statutory notifications, retention of third-parties for the performance of unlawful detainer proceedings if required, preparation of rent rolls, distribution of operating statements to the subscribers, responding to lock outs and service calls, retention of contractors, repairmen and servicemen for the purpose of building maintenance and to improve or prepare vacated units for rental to new tenants. Menlo Gate has a
