REOD Corporation’s Property Management Division was established in 1982 in response to the obvious need for a full service professional firm dedicated to managing rental properties for owners. These personalized services are provided from an objective, client oriented viewpoint for either the single or, multiple unit owners, and complexes.
Our clients find that our professional property management services pay for themselves by maximizing income, as well as reducing vacancy and maintenance bills while enjoying worry-free ownership at one low price.
Along with the complete list of services described below, you can also view the REOD Property Management Contract (PDF) or a Sample Monthly Report (PDF).
Please call REOD Corporation at (610) 341-9676 or contact us for additional information.
Rental Services
- Free advertising until rented
- Free entry into Tri-County Multiple Listing Service
- Establish rental rates*
- Complete applicant screening including: credit, income, employment verification, bad checks, and evictions
- Preparation of Lease forms*
- Coordinate move-in activity
- Maintain security Escrow deposits in accordance with State Law
- Negotiate Lease renewal*
Rental Collection
- Collect tenants’ rents
- Send automatic late notices
- File landlord complaint and attend hearing in District Court
Reports
- Monthly direct distribution of owner’s net income
- Monthly comprehensive owner report
- Year-end property report and Form 1099
Bill Payment
- Direct payment of principal, interest, taxes, homeowner fees, and maintenance
- Collection, tenant billing, and payment of utility bills
Maintenance
- Receive and respond to all tenant complaints
- Arrange for repairs/replacements*
- Direct payment of contractors (no added administrative charges)
Move-Out 
- Inspect unit
- Issue move-out report if required
- Refund security deposit
- Arrange all necessary functions to prepare for quick re-rental
* After Owner Approval
To whom it may concern,
My brother and I inherited prosperities on Lancaster Avenue in the Spring of 2020. The properties consisted of 3 retail store-front and 4 adjoining apartments. The properties had been self-managed by our father who resided in Wayne. My brother and I, however, live out of town so felt the need for a local, comprehensive property management relationship.
We stress the component of “relationship” because these were not just investment properties; each apartment and store front business had become personal to our dad and consequently to us. My brother and I were led to Mary of Wayne Realty. It was obvious at the inception that Mary and her team were unique in their approach to property management.
Mary and the team at Wayne Realty provided services for us which included account receivables from tenants, account payables to all vendors, monthly and annual reconciliation of accounting along with the day-to-day problem solving of serving the needs of maintaining an “elderly property”.
So why such an endorsement to Mary and her team as one could say all the above references should define the expectations of any property management vendor? Succinctly, Mary and her team personally represented the values of serving our needs AND the tenant’s needs with respect and dignity above reasonable expectations!
Additionally, my brother and I were led to pursue the sale of the properties in the Spring of 2024. Mary tirelessly and professionally represented us in this effort which led to the sale in August, 2024. It quickly became obvious that her years of expertise in selling commercial real estate is of significant value to those she represents as well!
Thank you for this opportunity to submit our “vote” for awarding Wayne Realty the “Best of Philly Award”
Rick and Peter Jones
