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 $1,250 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 their pricing for services.
We are often asked, “what can a property manager do for me that I cannot do for myself”? Some Tenants do not cause problems, but many do. The three most common problems that Tenants cause are (1) not paying the rent on time (2) moving out at the end of the lease without paying for cleaning and damage (3) moving out before the end of the lease without paying a penalty. Many times (but not always) a Property Manager can resolve these issues without the Owner having to hire an Attorney and going to Court.
There are no “up front” or “out of pocket” expenses charged for signing a Leasing/Management Agreement. You do not owe us anything unless and until we deliver a qualified Tenant. The Leasing Fee is deducted from the “Initial Funds” delivered by the Tenant at Lease Execution. Monthly Management Fees are deducted from each Month’s Rent Receipts.
The Leasing Service cost 100% 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
- Landlord Protection Insurance (LPI) included for the first 12 months
Monthly Property Management starts at $50 per month and 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
Leasing & Management Fees
The Leasing Fee is 100% of the first month’s rent and includes Landlord Protection Insurance for the first 12 months. Landlord Protection Insurance (LPI) is charged annually at a rate of $445 plus Alabama Sales Tax.
Generally speaking Tenants with higher credit scores are easier for the Broker to manage than Tenants with lower credit scores. Therefore the Broker charges more to manage Tenants with lower credit scores (see chart below). Many property managers only require a 600 credit score for application approval. If you have the type of rental property that is unique and in high demand, you may be able to attract a Tenant with a 700 credit score. If you have the type of rental property that there is currently an oversupply of, then you may need to accept a 650 or 600 credit score. Remember that Landlord Protection Insurance (LPI) is included in the leasing fee for the first 12 months.
|Plan||Owner’s Prescribed Minimum |
Credit Score Requirement
|Leasing Fee||Monthly Management Fee|
|A||700+ Good||100% of the |
1st Month’s Rent
|$50 per Month|
|B||650+ Near Average||100% of the |
1st Month’s Rent
|$75 per Month|
|C||600+ Below Average||100% of the |
1st Month’s Rent
|$100 per Month|
Landlord Protection Insurance (LPI) is Now Available
Landlord Protection Insurance includes:
- 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.
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.