Leasing & Property Management Services

Birmingham Home Leasing offers three levels of Leasing Services depending on how involved the Property Owner wants to be in the process:

  • 25% of the First Month’s Rent – “Open” Listing – Owner advertises the property and shows their own property.
  • 50% of the First Month’s Rent – “Open” Listing – Broker or Owner advertises the property, and the Broker’s Agents show the property.
  • 100% of the First Month’s Rent – “MLS” Listing – Broker only advertises the property and only Licensed REALTORS® can show the property. This is an “Exclusive Right” Listing.

Leasing Service is defined as all of the services that are needed to find, screen and place a well-qualified Tenant.

Leasing Service includes:

  • Advertising the property
  • Showing the property
  • Taking Applications from Potential Tenants
  • Screening Potential Tenants
  • Automatically declining unqualified Applications on behalf of the Property Owner
  • Forwarding all qualified Applications to the Owner for review and approval
  • Drafting a copy of the Lease for both parties to review and approve
  • Presenting approved copy of Lease for both parties to sign online
  • Requiring Tenant to provide the initial funds to execute the Lease in the form of Cashier’s Checks
  • Move-In Inspection
  • Lease Renewal

 

 

The Advantages of the Traditional MLS Leasing Service for 100% of the First Month’s Rent

with 50% Going to Cooperating Agents

 

We are often asked how we find Tenants with such high credit scores and have never had an eviction. It is no secret that the answer to the question is our MLS Leasing Service. When you use our MLS Leasing Service, we offer 50% of the First Month’s Rent to the first Agent who can bring a qualified Customer. The Multiple Listing Service (MLS) is the local Broker Cooperative where Agents list properties for sale and for rent and offer commissions to other Agents for bringing the Buyer or Renter. Placing your rental property in the MLS for all Agents to show creates the sense of urgency and the fear of loss in Rental Customers that is necessary to quickly rent a property.

 

 

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

Birmingham Home Leasing

Comprehensive Property Management
5%/of Monthly Rent
  • Move-In/Move-Out Inspections
  • Collect Rent From Tenants
  • Transfer Rent to Owner
  • Monthly/Annual Accounting
  • Filing IRS Form 1099
  • Security Deposit Escrow & Return Service
  • Ordering Maintenance & Repairs

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
  • Security Deposit Escrow & Return Service
  • Ordering Maintenance & Repairs

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
  • Security Deposit Escrow & Return Service
  • Ordering Maintenance & Repairs

The costs for services reflected above from our Competitors was found on their websites on July 1, 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 be appraised by us to rent for at least $1,100 per month in the “High Season”.  Birmingham Home Leasing does not offer Comprehensive Property Management at 5% of the rental rate per month for properties that are 30 years old or older.  Basic Property Management is available for older properties at $30 per month.  Requests for Comprehensive Property Management Service for properties 30 years old or older will be considered on a case by case basis with the monthly charge to be determined.

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.

 

 

About Adding Property Management Services

After a Tenant has Already Been Placed

 

It is not practical to add Basic Property Management Service or Comprehensive Property Management Service to a Lease that was executed by the Landlord or another Broker.  Birmingham Home Leasing reserves the right to screen Tenants that they manage.  Birmingham Home Leasing will not be responsible for escrowing a Tenant’s Security Deposit unless we conducted the Move In Inspection Report.

 

10/10/2017