Explaining Tenant Placement Service
50% of the First Month’s Rent
Birmingham Home Leasing provides Tenant Placement Service for 50% of the first month’s rent. Rental Customers will view your property without being escorted by an Agent of Birmingham Home Leasing and will be given access to the property by an electronic lock box. Showing Service by Cooperating Agents is available for an additional charge. Please contact an Agent for details.
Fees for Property Management Service
Some Owners prefer to manage their own properties and Birmingham Home Leasing does not require Property Owners to contract for monthly management service in order to use our Tenant Placement Service. For Property Owners who would like to have the Broker provide limited management service, we offer two plans. We also offer a comprehensive, full Power of Attorney monthly management plan.
For $44 per month, the Broker will collect the rent and transfer it to the Owner. Provide monthly and annual accounting along with IRS 1099 service. The Broker will also escrow the Tenant’s Security Deposit and return it “according to law” after the Tenant vacates. On this plan, the Owner is completely responsible for ordering all repairs and maintenance requested by the Tenant. The Tenant will report the need for repairs or maintenance to the Broker and the Broker will relay the request to the Owner. On this plan, the Owner will have to contact the Tenant directly to schedule appointments for repairs and maintenance and the Broker cannot be involved in any way for scheduling.
For $88 per month, the Broker will provide the services listed above, but will be responsible for ordering minor repairs and maintenance. Most requests for repairs or maintenance are for plumbing issues and those repairs range in cost from about $100 to a maximum of $400. Minor repairs are made also that would require a service call from an electrician or an appliance repair vendor. On this plan, the Owner fully authorizes the Broker to order minor repairs without obtaining the approval of the Owner first. The Broker will notify the Owner when a repair is requested, ordered and completed. On this plan, the Broker will not order repairs or maintenance that exceeds $500 in cost without first consulting with the Owner and obtaining approval. Also, on this plan, the Broker will not be authorized to order any repair or maintenance that would exceed $1,000 in cost. Therefore, the Owner agrees to be responsible for ordering repairs and maintenance for anything that would exceed $1,000 in cost.
For 10% of the rental rate per month, the Broker will provide all of the services listed above, but will be authorized to order any and all repairs without consulting with the Owner first. The Broker will have to request a transfer of funds from the Owner before large repairs are ordered.
About Property Owners Who have an Annual Home Warranty or Their Own Preferred Maintenance & Repair Vendors
Owners who manage their own properties with our “Lease Only” service or the $44 per month limited management plan may also use Annual Home Warranty policies, however, Owners contracting for the $88 per month plan or the 10% of the rental rate plan cannot also use Annual Home Warranty policies. The Broker cannot practically manage third parties hired directly by the Owner and will not be responsible for managing the Owner’s Annual Home Warranty policy or vendors selected by the Owner’s Annual Home Warranty company or any third party directly hired by the Owner.
Policy Against “Add-On” Property Management Services
Birmingham Home Leasing reserves the right to “screen” Tenants that they lease to and/or manage. Birmingham Home Leasing also reserves the right to conduct a Move In Condition Report for properties that they manage. Therefore, Birmingham Home Leasing will not agree to process a Lease for a Tenant found by the Owner or agree to manage a Tenant placed by another Broker.