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. This includes advertising your property online on Zillow, Trulia, etc. 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. Tenant Placement Service also includes Lease Application processing, Lease preparation and processing and free Lease Renewal for Tenants placed by Birmingham Home Leasing. Please call (205) 259-1918 and ask to speak to an Agent for more details.
How We Screen Tenants
We believe that thorough Tenant screening is the best way to avoid evictions. We pull the Applicant’s credit report from all three Credit Bureaus (TransUnion, Experian, and Equifax) and average their scores.
We also check the Applicant’s Driver’s License information with the appropriate issuing State. In addition, we conduct a Criminal Background Investigation on all Applicants.
Identity theft and Synthetic Identity Fraud is unfortunately a common and growing problem. We have methods and procedures for discovering identity theft and fraud and have a published policy on the subject in compliance with the Federal Trade Commission’s “Red Flag Rules” guidance.
Please check with each of our competitors about this subject, but to the best of our knowledge, we have the most thorough Tenant screening process in the Birmingham Metro Area.
Fees for Property Management Service
Birmingham Home Leasing provides three levels of Monthly Management Service to allow each Property Owner to pay for only the service they intend to use. The monthly rates are 2.5%, 5% or 7.5% of the rental rate for deluxe service. Please see the chart below for details.
|Conduct Move-In & Move-Out Condition Reports|
|Escrow or hold the Tenant’s Security Deposit & return it according to Law when they move out|
|Collect rent from the Tenant|
|Transfer rent electronically to the Owner|
|Provide monthly & annual accounting|
|Provide annual IRS 1099 Service|
|Accept repair & maintenance requests from the Tenant|
|Broker is authorized by the Owner to obtain a quote from a vendor deemed by the Broker to be reliable and preferred without obtaining additional or multiple quotes.|
|Owner to deposit & maintain $400 Repair Reserve with Broker.|
|Owner authorizes the Broker to order repairs and maintenance costing up to $400 without the express approval of the Owner.|
|Broker to provide one quote from a preferred vendor for repair & maintenance costing $401 up to one month’s rent for the Owner’s review & approval. The Owner is solely responsible for obtaining quotes, approving quotes and making arrangements for paying vendors for repairs or maintenance service that exceeds the amount of one month’s rent.|
|Monthly Management Service for properties 31+ years old|
|Owner authorizes the Broker to order repairs and maintenance costing up to one month’s rent without the express approval of the Owner.|
|Owner authorizes the Broker to order all repairs and maintenance regardless of the cost without the express approval of the Owner. However, the Owner will have to pre-pay all repairs and maintenance that exceed the amount of one month’s rent, per incident.|
Investor Services Provided
The parent company of Birmingham Home Leasing is Dean & Associates Inc. Dean & Associates Inc assists investors in quickly locating and procuring rental property. This service requires a signed Buyer’s Agency Agreement.
In addition to helping investors purchase a rental property, we can also assist in getting the property ready for the rental market. These services include but are not limited:
- Drywall repair and repainting
- Installation of new carpet and flooring
- Carpet and house cleaning
- Lawn care and landscaping
- Plumbing repairs
- Electrical repairs
- Appliance repairs
- Installation of window blinds
- Junk removal
- Gutter cleaning
- Pressure washing
Owner’s Use of Annual Home Warranty Policy Strictly Prohibited
In the Broker’s experience, Annual Home Warranty providers and the vendors they select are unreliable. For this reason, the Broker is not willing to manage a property where the Owner intends to attempt to make repairs and provide maintenance services using their Annual Home Warranty policy. Under the Management Agreement, the Owner agrees not to use an Annual Home Warranty policy to facilitate repairs and maintenance services.
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.