TPM Inc. (Total Property Management) has been in the business of managing rental properties since 1976. We have concentrated our efforts in all types of residential housing: single family homes, condos, townhomes, and all sizes of multiple unit apartment buildings. We also provide complete management services to Condominium Homeowners Associations.
David and Carol Sanchez are the co-founders and owners of TPM Inc. To finance David while he was attending BYU, they worked together for two years as resident managers of two BYU contracted student housing complexes: Campus Plaza and Park Plaza Apartments. They loved working with the owners and students as individuals. They also received great satisfaction from providing and maintaining quality rental units to the students and at the same time, protecting the owner’s investment. After David graduated from BYU in 1975, they used the skills learned and the talents possessed to start a business: Total Property Management. In 1976, their company was incorporated and the name was shortened to TPM Inc. Over the decades, the business thrived and expanded to include any type of residential property, home owner associations, and real estate sales. From the beginning, maintenance has been part of the “total” in TPM Inc. All six of their children have learned the business. Their middle son, Paul, is the Principal Broker. David and Carol spent three years away to serve a mission for the LDS Church from 2007-2010. David returned to the business and Carol returned to BYU to receive a degree shortly after their youngest daughter received hers. They still derive joy and satisfaction in working with their staff to provide tenants with well-maintained and fairly-priced housing, while helping owners/investors build their real estate portfolios.
We do a very detailed walk through inspection of each unit, make a priority list of deferred maintenance needs, if any, and recommendations for upgrades and/or possible replacement items for the coming year. This written evaluation forms an information base line from which we work with you to achieve your goals as a property owner to keep the unit rented to quality tenants.
We place ads with KSL and Craig’s List and show the unit to prospective tenants as the need arises. We carefully screen prospective tenants to be sure they have good rental histories. Screening potential tenants include verification of rental histories [we check the prior 2 landlords], personal references, income verification, and a credit check.
Collect rents and deposits and other tenant fees, funds are deposited into a Property Management Trust Account at Zion’s Bank as outlined in the Management Contract.
We also evaluate your rent rates, any existing house rules, or special terms or conditions found in your current lease.
We conduct routine inspections of the unit 2 or 3 times each year to be sure the lease terms are being kept and to check for unreported maintenance needs.
Using funds collected, we pay authorized bills, capital withdrawals, condo fees, management fees and any approved maintenance expenditures. We do not pay mortgages. A monthly statement and cash flow report is sent to you accounting for all monies received and disbursed, with invoices for all disbursements attached. We also send year end statements and your IRS 1099 form. Monthly reports are mailed by the 5th of the following month.
We will do all we can to protect and promote the positive reputation of the owner’s property.
Most owners allow minor and routine repairs without consultation within a pre-arranged limit, usually $200 per visit. Non-emergency repairs over that limit require consultation and owner approval. Emergency maintenance will be done on an as-needed basis, but the owner will be contacted to be informed of the emergency situation. TPM Inc. follows the Utah Housing guidelines for what determines an emergency maintenance situation.
Our maintenance Supervisor,Gary Johnson, has been with us since 1982. Rates vary from $35.00 per hour to $45.00 per hour.
We have an excellent in-house maintenance service, including:
We are currently charging a 7%-10% management fee for new accounts. Management fees vary with the property, location, size, condition, etc. Management fees on large properties with on-site personnel vary depending on the specific management services provided. There are no fees or mark-ups added to the bills of outside contractors. The only additional costs are a one time $50.00 new account set-up fee and a $25.00 processing fee for each new tenant.
TPM INC., Total Property Management, was incorporated in 1976.
TPM INC. is properly licensed with Provo City and the Utah State Division of Real Estate. Paul Sanchez is the Principle Broker, a member of the Utah County Board of Realtors and Vice President. David Sanchez is the Associated Broker, CEO and owner. Gina Hamilton is the current President of TPM Inc.
If you are considering buying or selling your property,TPM INC. is a licensed full service Real Estate Brokerage and we can help you with all your real estate needs.
Manager
Waymon has been a full time employee at TPM since April of 2003. His portfolio covers the Spanish Fork to Eagle Mountain area. Being outdoors is one of his favorite places to be and spending time with his family and friends is the most important. He loves working with owners and helping tenants find a a place that will suit their needs.
Manager
Paul is a born and raised Utahan. He loves the outdoors and spending time with his wife and three children. Paul has worked in Real Estate and Property Management his entire life. He earned his Real Estate License in 1999 and his Real Estate Broker's License in 2004. He has been a full time employee for TPM, Inc. since 2001.
HOA Portfolio Manager
Originally from Idaho, Rich has been with TPM, Inc. since his graduation from BYU in 1999. For the past 12 years he has been our HOA Portfolio Manager. He enjoys working with his clients and strives to make the relationship between the HOA and property manager one that is mutually beneficial.
