Leasing, Listing & Management Services
Special $50 Flat Fee “Leasing” Deal
If you are a Property Owner who is advertising “For Rent by Owner” in Craigslist, Zillow, Hotpads, etc. and obtain your own interested Rental Customer, then we have a great deal for you. After you complete the negotiations for the Lease terms with your Potential Tenant, we will screen that Tenant and prepare a Lease for both parties to sign online and require your Tenant to bring Cashier’s Checks to our office to initiate the Lease. The total cost for Professional Lease Brokerage is only $50. Your Tenant will have to pay a $45 Application Fee to us, but your total out of pocket expense is only $50.
We will screen the Tenant according to our Published Minimum Requirements for Lease Approval. If they do not qualify, we will not broker the Lease and you will not even be charged the $50.
Special Conditions apply for a property to be leased or listed by Birmingham Home Leasing (please see details below).
Rental Listing Agreements
If you are a Property Owner and do not want to be involved in marketing your property, we offer two Rental Listing Options.
Rental Listing Service includes advertising the property, showing the property, taking Applications, screening Prospective Tenants, negotiating on behalf of the Property Owner, and preparing the Lease for both parties to sign.
For a Brokerage Fee of 50% of the First Month’s Rent, Birmingham Home Leasing will list your property in Zillow, Trulia, Hotpads, etc. and show your property using only our Licensed REALTORS.
For a Brokerage Fee of 100% of the First Month’s Rent, Birmingham Home Leasing will list your property in the local Multiple Listing Service (MLS) and make it available for all REALTORS to show. Birmingham Home Leasing will split the commission with any REALTOR who brings a well-qualified Tenant that you accept. In 2017, Cooperating REALTORS provided the Tenant approved by the Owner in 36% of the Leases that we brokered. It is important to understand that even though our Agents actually provided 64% of the Tenants, we provided Tenant Screening and Lease Preparation for all of the Customers of Cooperating Agents. In 2017, 98% of our the Property Owners that we provided Leasing Service for selected our MLS Service.
Optional Property Management Services
For the purposes of this discussion, we will define Property Management Services as optional and additional services provided by the Broker after the Tenant is placed. We charge a flat fee of $50 per month for Property Management Service.
Explaining Property Management Services
- Rent Collection Service. Includes collecting the rent from the Tenant and transferring it electronically to the Owner. Additionally included is Monthly and Annual Accounting plus filing IRS Form 1099.
- Move-In and Move-Out Condition Survey plus Escrow Service. Escrow Service refers to the Broker holding and being responsible to return the Tenant’s Security Deposit “according to Law”. The Broker conducts a Move-In Condition Survey just before the Tenant occupies the property and conducts a Move-Out Condition Survey immediately after the Tenant vacates the property. The comparison of these two reports provides the basis for the justification of possible deductions from the Tenant’s Security Deposit.
- Repair & Maintenance Ordering Service. When the Tenant notifies the Broker of the need for repair or maintenance services, the Broker will contact the Owner and obtain permission to order work estimates. All repairs and services are only ordered with the approval of the Owner.
Additional Property Management Service
- $50 per quarter – HVAC Filter Inspection. With this service, the Broker will conduct quarterly inspections to take a time-stamped photograph of each HVAC filter. The Broker will also provide the Property Owner with a written report of the condition. This service is available to Customers who are using our Property Management Service.