Property Management in Birmingham AL
Why You Should List with Birmingham Home Leasing
Since Birmingham Home Leasing was established in April of 2014, we’ve never had an eviction. Since the pandemic began, we’ve never had a Tenant request rent forbearance afforded by the CARES Act or the CDC.
We specialize in placing Tenants with high Credit Scores and Income. Applicants must have at least a 700 FICO® Score 8 Three Bureau Average and document at least a 4 to 1 Income to Rent Ratio to be approved for a Lease.
Most Competitive Leasing & Management Service Pricing
Birmingham Home Leasing will place a Tenant for a fee equal to 50% of the first month’s rent. We provide Lease Only Service and Monthly Management is an optional service. Monthly Property Management is available beginning at 2.5% of the rental rate per month. To the best of our knowledge, we are currently advertising the lowest pricing for Leasing and Management Service in the Birmingham Metro Area. After having said that, we strongly recommend that you check with each of our competitors for the most up to date information.
For more details on our Leasing Service and Management Services, please go to our Leasing & Property Management Services page.
Average Time to Place a Tenant
According to our internal statistics, it takes approximately 25 showings to lease a property. In those 25 showings, we average receiving four applications and approving one. In 2020, the average time that it took us to place a Tenant after listing the property was 25 days.
Service Area & Listing Requirements
Please do not purchase a property with the intention of asking us to lease and/or manage it without checking with us first. Birmingham Home Leasing will not list a property for rent before one of our Agents inspects it and determines that it is in excellent condition and will lease for at least $1,500 per month. Birmingham Home Leasing makes no explicit or implicit offer to lease and/or manage a property outside of our published service area. All properties must be single family detached dwellings with at least 2 bedrooms and 2 full bathrooms.
The Broker cautions investors who are considering buying a property as a rental investment that does not have a master bedroom on the main level. In our experience, these properties are more difficult to rent and will not rent at the same rate as a property with similar square footage that has a master bedroom on the main level. The Broker makes no implicit or explicit offer to list properties for rent that do not have a master bedroom on the main level, these properties will be evaluated for listing on a case by case basis at a discounted rental rate.
Buyer’s Agency Agreement Required for Rental Investors
The Broker is frequently consulted by individuals considering making an investment in rental properties. If an investor wants the Broker to act as their representative and present sales contracts on their behalf, the Broker requires a Buyer’s Agency Agreement to be signed. The Buyer’s Agency Agreement will be limited to a specific profile of a property in a relatively limited geographic area. The Broker also requires Lender Approval or Proof of Funds documents to attach to any sales contracts. The Broker will not facilitate a sales contract contingent upon the sale of another property. If you have questions about making investments in rental property and/or Buyer’s Agency Agreements, please contact the Broker for details.
Current Market Conditions & Trends
The current demand for single family detached rental properties in excellent condition exceeds supply. Specifically, there is high demand for properties with a master bedroom on the main level that rent between $1,750 and $2,250 per month. These would be properties that sell for between $250,000 to $350,000 and are less than 15 years old and/or have recently been updated.