Owner FAQs

No, this decision is entirely up to you as the property owner. However, we are happy to advise you on the pros and cons of participating in housing assistance programs in the Altoona market.

Yes. Redwood Prime Realty and our property managers are fully licensed in accordance with Pennsylvania state laws and industry requirements.

Yes. While our regular business hours apply to routine matters, we are available for urgent issues and emergencies outside of standard hours to ensure the protection of your property and tenants.

Yes. We offer direct deposit services for your convenience. Your rental proceeds will be deposited securely into your bank account through ACH transfer.

Yes. You will have access to review the lease agreement before it is presented to the tenant. Redwood Prime Realty signs the lease on your behalf as your property manager.

Yes. In addition to property management, Redwood Prime Realty offers a full range of real estate services, including buying and selling. We can help you expand your investment portfolio or assist you with a sale or purchase in the Altoona area.

Rental income is processed and distributed monthly. Funds are typically deposited into your bank account around the middle of each month, after rents have been collected and expenses reconciled.

We provide tenants with an online portal where they can pay rent electronically. This system helps ensure timely payments. If rent is not paid on time, we follow a structured collections process, including notices and applicable late fees.

Our standard lease term is 12 months, although this can be customized based on your preferences and market conditions.

Our standard security deposit is equivalent to one month’s rent, in compliance with Pennsylvania landlord-tenant law. For tenants with pets, an additional pet deposit or pet fee may apply.

We can begin managing your property as soon as we complete the management agreement and conduct an initial property assessment. Our onboarding process is quick and efficient to help you start earning income without delay.

Redwood Prime Realty manages a wide range of residential properties, including single-family homes, multi-family properties, condominiums, and townhomes throughout Altoona and the surrounding areas.

You will receive detailed monthly statements through your secure Owner Portal. Reports include rent collection, expenses, and account balances. You will also receive year-end tax documents, including a 1099 and an annual summary report.

Tenant security deposits are held in a designated escrow account in accordance with Pennsylvania landlord-tenant law, ensuring proper handling and compliance.