Property Management in Birmingham AL
Birmingham Home Leasing offers Property Owners more choices and better pricing for Leasing and Property Management in Birmingham AL. Birmingham Home Leasing serves Owners of single family detached dwellings (with at least 2 bedrooms and 2 full bathrooms) in selected zip code areas in South Jefferson and North Shelby Counties. All rental properties to be listed must be in good condition and be appraised by us to rent for at least $1,100 per month. Other conditions apply for properties 30 years old or older.
Since we started in 2014, we have leased over $50 Million in property without an Eviction.
The average Tenant that we placed in 2016 had a FICO Credit Score of 720+. In addition, these Tenants documented income of over $250,000 per year. We do not assume that rentals only exist for people who cannot qualify for a Mortgage. If you cannot sell your property, you can now lease to someone who, in most cases, can qualify for a Mortgage.
We average placing a Tenant, with good credit and income, 30 days after showings begin. Most Property Owners use our Multiple Listing Service (MLS) Leasing Service because it usually finds the Tenant quicker than our Non-MLS Service. MLS Leasing Service costs the Property Owner 100% of the First Month’s Rent. We offer 50% of the First Month’s Rent to other REALTORS for assisting us in locating and placing a well-qualified Tenant. We also have a Non-MLS Service option available at 50% of the First Month’s Rent and for Property Owners who wish to show their own property and have us screen the Tenant and do the Lease paperwork, we charge only 25% of the First Month’s Rent. For complete details on our Leasing Service options, please go to our Leasing & Property Management Services page.
Property Management Service
For the purposes of this discussion, we will define Property Management Services as those optional services that a Broker provides to the Property Owner after the Tenant is placed. There are basically three core services that make up what is referred to as Property Management Service. They are Collections, Escrow, and Repairs. According to a Google Search, the average cost for these services range from 8% to 12% of the monthly rent. This can be costly to the Property Owner, especially if they have a more expensive rental property. We charge a flat fee of $50 per month for Property Management Service.
Discount Sales Services for Only 3.5% with 2.5% Going to the Buyer’s Broker
Many Property Owners dual list with us For Sale and For Lease at the same time. We offer Discount Sales Listing Service at 3.5% commission with 1% going to us and 2.5% going to the Buyer’s Broker. If you’re currently listed for sale with another Broker, it is not necessary for you to cancel your Sales Listing in order to list with us for rent.