BIRMINGHAM HOME LEASING
Birmingham Home Leasing is a registered trade name of Dean & Associates Inc and was established in 2014. We are a Licensed Real Estate Brokerage in the State of Alabama. We are REALTORS® who specialize in Leasing and Management Services.
We list properties in our service area (see map below) that will lease for at least $1,500 per month and are in excellent condition. To the best of our knowledge we advertise the most competitive pricing for leasing and management services in the area. Please check the online advertising of our competitors to get the most up to date information on there pricing for services.
Leasing Service
The Leasing Fee is equal to 75% of the first month’s rent and includes:
- Advertising in Zillow®, Realtor.com®, Trulia®, and Hotpads®
- Rently® self-showing service
- Expert Tenant Screening
- Providing a Lease with e-signature service for both parties to sign
Listing to the Greater Alabama Multiple Listing Service (GAMLS) is offered as an option for an additional 25% of the first month’s rent. Multiple Listing Service is often an option selected by Owners of properties that rent for $3,000 per month or more. Some rental customers shopping for properties in this range are known to use Cooperating REALTORS® to assist them in locating and viewing a rental property.
Zillow 3D Tour Service with Floor Plan is available for an additional $250 one time charge.
Management Service
Monthly Management fees start at $50 per month (see the table below). Monthly Property Management includes:
- Collecting and transferring the rent electronically through Buildium®
- Credit Bureau Reporting
- 24/7 access to financial reports & documents with Buildium® Owner portal
- Monthly and annual accounting
- Annual IRS 1099 service
- Ordering repairs and maintenance
- Security Deposit escrow, accounting and returning according to Alabama Law
- Move-In & Move-Out Condition report using 360 degree photography
According to Business Insider, the US national average credit score was 714 as of August 30, 2023. According to a recent article published by Experian “a credit score of 700 or above is generally considered good.”
Tenants with 700 plus credit score are motivated to pay their rent on time and comply with the lease terms and conditions in order to protect their good credit. Tenants with 600 plus credit scores are less motivated to pay their rent on time and comply with the lease terms and conditions because they already have below average credit. Tenants placed with below average credit scores typically require more of the Broker’s time to manage and therefore the management fees cost more.
Generally, it takes about 30 days to find a qualified Tenant but it can vary greatly depending on the time of year you come to market, the supply/demand situation in your local area, how competitively priced you are, and the minimum credit score you require.
The rental business is slow between Thanksgiving and New Year’s Day. You can get an idea of your supply/demand situation in your local area by looking in Zillow. We usually agree with Zillow’s estimate of rental value and have observed that listing above that value will reduce showings significantly. It takes an average of 50 showings to obtain a qualified Tenant. If you list your property prescribing a 700+ credit score requirement and you do not receive 25 viewings in the first 30 days, the Broker will recommend that you drop your requirement to 650+. If you do not receive 25 viewings in the second 30 days with a 650+ requirement, the Broker will recommend that you drop your requirement to 600+ and purchase Landlord Protection Insurance.
| Plan | Owner’s Prescribed Minimum Credit Score Requirement | Leasing Fee Without MLS | Leasing Fee With MLS | Management Fee | Landlord Protection Insurance (LPI) |
| A | 700+ Good | 75% of the 1st Month’s Rent | 100% of the 1st Month’s Rent | $50 per Month | Optional |
| B | 650+ Near Average | 75% of the 1st Month’s Rent | 100% of the 1st Month’s Rent | $75 per Month | Recommended |
| C | 600+ Below Average | 75% of the 1st Month’s Rent | 100% of the 1st Month’s Rent | $100 per Month | Required for an additional $445 + sales tax per year (see details below) |
Landlord Protection Insurance (LPI) is Now Available
For approximately $1.22 per day you can be insured for:
- Up to $5,000 of Insurance for Legal Fees associated with an eviction.
- Up to 3 months of Insurance for Loss of Rent associated with an eviction.
- Up to $35,000 of Insurance for Malicious Damage associated with an eviction.
For more information on Landlord Protection Insurance, click here.
Service Area
Our Service Area is limited to the South half of the Metropolitan Area, according to the map below. Our Service Area includes, but is not limited to: Hoover, Vestavia Hills, Homewood, Mountain Brook, Helena, Pelham, Alabaster, Calera, Chelsea, and Oak Mountain.
We do not offer leasing service for occupied properties. We do not offer leasing service in gated communities that have a guard. We do offer leasing service in gated communities that are operated by a key code.
