Renee and her team help dozens of owners/landlords each year with their leasing and property management needs. As a professional leasing specialist, our team is experienced with landlord-tenant law and able to navigate the various complexities to make sure you stay on the right side of the law. When a lease application is accepted and the lease is signed, the tenant will be responsible to pay one month’s rent plus a security deposit (equal to the cost of one month’s rent). The first month’s rent due when key is released for move-in. The first month’s rent is used to pay tenant and landlord REALTOR® commission and is split between the listing agent and the agent that brings the tenant. This means that you receive your first rent payment approximately 30 days after the tenant moves in.
What we do:
Marketing and Advertising
Without being listed in our local MLS, you are probably missing out on over 50% of the potential tenants resulting in a much slower turnaround time and likely a lower rent. Our team will immediately make your property available in MLS and advertise on various websites geared toward leasing. Did you know that over 96% of potential tenants start their home search online?
Professional Tenant Screening
We have access to a wealth of resources that enable us to find new tenants faster, helping you to keep those vacancy rates down. Not only that, but they’re also able to thoroughly screen tenants. We know what to look for and what questions to ask. Federal housing regulations limit the amount of information that can be requested and shared, tenant application criteria must be listed clearly and tenant applications that are denied must be given a reason. Knowing this type of information can help avoid a legal nightmare.
Preparing the Lease
So now that you have found a tenant its time to prepare the lease while staying in compliance with state and federal housing laws (get the standard state Association of Realtors lease from your REALTOR® and all the addenda) negotiate on the terms, meet with the tenant, run them through the lease, be there during move-in day, etc. You’ll also need to finalize the prior lease with any tenant leaving, resolve the security deposit and any repairs, etc. Unless your Dad is a lawyer or you have several hours to spare researching “how to lease a home” it would be beneficial having someone on your side who has been there before.
Save You Time
How much is your time worth? When you are working to rent your space on your own you invest a lot of your time. Time off work to show your property. Time during work to answer emails and phone calls from potential renters. Time after work to market your property. How many of those renters that you take the time to show your property are just browsing? How many didn’t read your ad and they called to ask questions you already answered? If you add up the hours spent dealing with these issues and put a value on it, it may likely come out to more than the fee paid to an agent.
How it works:
The owner will outline the requirements for a leasing the property. Prospective clients (anyone who will occupy the property that is 18 or older) will fill out a written application and pay a $40 application fee to go toward tenant screening. After an application is submitted we will begin the screening process using a professional screening service responsible for collecting credit and background information. The permitted information is shared with the owner and the owner will approve or deny prospective applicants. Applicants that are denied must be given a reason. Once a tenant is approved we will collect the security deposit (equal to one month’s rent). The first month’s rent is due when keys are released for move-in.