Owner FAQ

Answers to your common questions

  • Can I say that I don't want smokers in my property?

    As a policy, we do not allow smoking in any property managed by Osto Property Management to protect your investment.
  • How long will it take to rent my property?

    There is no guaranteed timeframe to rent a property, however, we make every effort to ensure a quick turnaround. We do market and advertise our properties via the internet on over 20 different websites that are "Rental Home" specific. We do also utilize yard signs and receive referrals from other Realtors and Property Managers. Pricing and condition of the property are vital to securing your next tenant in a timely manner.
  • How will the IRS know that I rent my property?

    If you receive any rental income your management company must report this income to the IRS, they are required to file IRS Form 1099-misc (for US Citizen or US Resident) or 1042-S (for Non-Resident Alien) to report the amount of rental income collected on your behalf during the tax year. This form is also copied to you. We do require a filled out and signed W-9 (for US Citizen or US Resident) or W-8ECI (for Non-Resident Alien) from all of our owner/investors.
  • When Will I Receive My Rent Money?

    Provided rent is paid on time and clears our bank, rental proceeds are generally disbursed between the 7th and the 15th of the month.