Birmingham Property Management

Lease Only Service is Available

Birmingham Home Leasing does not require Property Owners to contract for Monthly Management Service if they just want Tenant Placement or Lease Only Service. The Broker will charge 50% of the first month’s rent to list the property and market it and provide Tenant screening and Lease execution service. In addition, the Broker will conduct a Move In Inspection Report and provide a copy to both parties.

Click here to review Lease Only Listing Agreement.

Monthly Property Management Plans

We offer a monthly management plan for a flat fee of $50 per month that includes the following:

  • Collecting and transferring the rent
  • Monthly and annual accounting
  • Ordering repairs and maintenance
  • Free Renewals
  • Security Deposit escrow, accounting and return
  • Move-In and Move-Out Condition reports

Click here to review the $50 per month management contract.

Click here if you have more than one property and/or if your property is over 30 years old.

For Owners of multiple properties, we offer a more comprehensive monthly management plan for 10% of the monthly rent. The plan includes the following services:

  • Collecting and transferring the rent
  • Monthly and annual accounting
  • Ordering repairs and maintenance
  • Free Renewals
  • Security Deposit escrow, accounting and return
  • Move-In and Move-Out Condition reports

These additional services are provided on the 10% plan and are NOT provided on the $50 per month plan:

  • Multiple quotes for repairs when time and availability permits
  • Paying bills on behalf of the Owner (HOA dues, property taxes, insurance, etc.)
  • Insurance (paying premiums and filing claims)
  • Periodic exterior inspections for maintenance (gutters, septic tank, etc.)

Click here to review the 10% per month management contract.

FAQ about Property Management

Q: How can you reasonably offer a property management plan at $50 per month when many rental companies charge 10% of the rent?

A: Birmingham Home Leasing also has a 10% of the rent plan similar to many other rental companies. Birmingham Home Leasing is a registered trade name of Dean & Associates Inc, which is a full service real estate brokerage. The corporation makes its profit margin on sales, not leasing and management. The $50 per month plan is a promotional product designed specifically to attract Owners of one property, only, who wish to lease their property until sales conditions improve. 

The $50 per month plan is a streamlined version of the 10% of the rent plan. In our experience, we have found that the 10% of the rent plan includes many services that the Owners of only one property do not want.

Q: Why do you require that the property be in excellent condition before listing?

A: The day has passed when a Rental Property Owner can get a well qualified Tenant for a property in poor condition. Today, because of the investment of large corporations in rental property, there are more properties for rent than ever before. Most of the properties owned by the large corporations are in poor condition. That’s okay because the large corporations will rent to people with marginal or poor credit. To find a well qualified Tenant, the property has to be in excellent condition.

About Property Managers Offering to Pay Legal Fees for an Eviction

Some Property Managers offer to pay the Legal Fees if there is an Eviction. Birmingham Home Leasing does not offer to pay the Legal Fees of an Eviction, which, by the way, is the least expensive cost of the eviction. The expensive part is the loss of rent for several months and/or damage caused by a Tenant being upset because they are being evicted.

Since Birmingham Home Leasing was started in April of 2014, we have never had an eviction.

It is our recommendation that before you sign a contract with a Property Manager, that you ask them how many evictions they had in 2021, If they reply that they do not know for certain, we suggest they probably know for certain if it was zero.

Why You Should List with Birmingham Home Leasing

If you have a rental property in good condition and are willing to price it competitively, there is no reason that you cannot acquire a well-qualified Tenant. 

We have a proven track record of finding and placing well qualified Tenants. We define a well qualified Tenant as having at least a 670 FICO® Score 8 and at least a 3.5 to 1 income to rent ratio.

We will not tell you that your property is worth more for rent than it is. In many cases, we agree with the Zillow rental estimate if the property is in excellent condition. We will not list a property unless and until it is in excellent condition. Good condition and pricing competitively is the key to attracting well qualified Tenants.

How We Screen Tenants

We believe that thorough Tenant screening is the best way to avoid evictions. Please check with our competitors for the most up to date information about their services, but it is our understanding that we provide the most thorough Tenant screening available in our area. Our Tenant screening includes, but is not limited to:

  • Pulling the Applicant’s credit reports with all three Credit Bureaus (TransUnion®, Experian® and Equifax®)
  • Pulling the Applicant’s background report, including but not limited to a check for nationwide criminal history, eviction and motor vehicle records (DMV)
  • Obtaining a copy of the Applicant’s most recent IRS tax filings
  • Obtaining a copy of the Applicant’s bank account transcripts

Discount Sales Services are Available

Birmingham Home Leasing customers can take advantage of our discount sales services at 2.5% when the property comes off Lease and the Owner decides to sell. We also have other sales products. For more information on how we sell properties, click here.