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 and provide Monthly Management for as little as 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
Birmingham Home Leasing provides residential leasing and management services to Owners of single family detached dwellings, with at least 2 bedrooms and 2 full bathrooms, in our service area, which is an approximate 10 mile radius from our office, which is located at 4000 Eagle Point Corporate Drive, Suite 240, Birmingham, AL 35242. Potential rental properties must be appraised by us to lease for at least $1,500 per month and be in excellent condition.
Caution to Investors Considering Buying a Property with No Master on the Main Level
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.
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.
Free Tenant Placement and Free Management for one year when you sign a Buyer’s Agency Agreement and purchase a rental investment property with Dean & Associates Inc, the parent company of Birmingham Home Leasing.