Property Management Services

Leasing Service

 

We do not require you to pay for Property Management Services in order to use our Leasing Service.

Leasing Service is the combination of all the services required to find a Tenant and execute a Lease.  They include:

  1. Advertising – This includes placing online ads in Zillow, Trulia, Hotpads, etc.  Also listing to the Local MLS is optional for an additional fee.
  2. Showings – Showings will be conducted by Licensed REALTORS®.
  3. Tenant Screening – This includes pulling the Potential Tenant’s Credit Reports, IRS Documents and Background Reports.  In addition, we document the Potential Tenant’s current Employment and Income.  In order to save the Property Owner time and to limit liability exposure, the Broker will automatically decline all sub-standard Applications and forward all Qualifying Applications to the Property Owner for consideration.
  4. Lease Preparation – We use Attorney prepared Lease Templates.  We prepare Leases and send them out to be signed online via DocuSign.
  5. Lease Execution – We require the Tenant to Execute the Lease with Cashier’s Checks.

 

Non-MLS Leasing Service vs. MLS Leasing Service

 

We offer you the option of Non-MLS Leasing Service for 50% of the First Month’s Rent or MLS Leasing Service for 100% of the First Month’s Rent.

With MLS Leasing Service, we offer Cooperating REALTORS® 50% of the First Month’s Rent when they bring a well-qualified Tenant that you accept.  This is a very important point since most Property Managers do not offer equal reciprocating commissions to other REALTORS®.  You should ask any Property Manager that you are considering listing with if they pay cooperating Agents 50% of the commission you are paying them because this is the key to creating the competition necessary to bring well-qualified Tenants quickly.

 

Property Management Services

 

Property Management Services are the combination of all the services required to enable you to never have to communicate directly with your Tenant.  They include:

  1. Move In/Move Out Inspection Service
  2. Collecting Rent from Tenant
  3. Transfer Rent to Owner
  4. Monthly & Annual Accounting
  5. Filing IRS Form 1099
  6. Ordering Maintenance & Repair Service
  7. Security Deposit Escrow & Return Service

Compare Birmingham Home Leasing’s Property Management Fees to Our Competitors

gkhouses.com

$65/Month Flat Fee
  • Move-In/Move-Out Inspections
  • Collect Rent From Tenants
  • Transfer Rent to Owner
  • Monthly/Annual Accounting
  • Filing IRS Form 1099
  • Ordering Maintenance & Repairs
  • Security Deposit Escrow & Return Service

Rudulph Real Estate

10%/of Monthly Rent
  • Move-In/Move-Out Inspections
  • Collect Rent From Tenants
  • Transfer Rent to Owner
  • Monthly/Annual Accounting
  • Filing IRS Form 1099
  • Ordering Maintenance & Repairs
  • Security Deposit Escrow & Return Service

Alabama Rental Managers

10%/of Monthly Rent
  • Move-In/Move-Out Inspections
  • Collect Rent From Tenants
  • Transfer Rent to Owner
  • Monthly/Annual Accounting
  • Filing IRS Form 1099
  • Ordering Maintenance & Repairs
  • Security Deposit Escrow & Return Service

The costs for services reflected above from our Competitors was found on their websites on January 21, 2017.

Conditions Apply for Leasing & Property Management Services

 

We list single family detached dwellings with at least 2 bedrooms and 2 full bathrooms in our published service area.  The property also must appraise to rent for at least $1,100 per month in the “High Season”.

If the rental property is more than 30 years old and you want the Broker to be responsible or potentially responsible for ordering maintenance and repair services, there will be an additional fee of $50 per month.  If you do not want the Broker to be responsible for ordering maintenance and repair services, but you wish to have the Rent Collection, Accounting and Escrow Services, the Property Management Fee remains $50 per month.

Over the years, we have listed a few multi-unit properties and properties that rent for less than $1,100.  The Broker reserves the right to “grandfather in” those previous Customers at his own discretion.  Our zip code service list has changed a little over the years and the Broker reserves the right to “grandfather in” previous Customers at his discretion.  The Broker has also provide Property Management Services for homes over 30 years old without the aforementioned $50 additional fee.  Those properties are also “grandfathered in” at the Broker’s discretion.

“Adding On” Property Management Service after an Owner or other Broker has already executed a Lease is prohibited.  We reserve the right to screen Tenants that we will manage.  This policy is also included on our Published Policies page.

 

7/30/2017