To place a tenant who signs a 12 month lease, we charge 50% of one month’s rent. We collect our fee from the Tenant’s initial deposit once we have a signed lease, so there’s absolutely no money out of pocket if we don’t produce a qualified tenant.
We require that all of our Tenants provide first month’s rent, last month’s rent and a security deposit (equal to one month’s rent) prior to taking possession. The initial deposit also includes any applicable pet fees, early move-in fees, pre-paid cleaning fees, condo or homeowners association fees that may exist or you deem appropriate.
The only fee paid by the Landlord is 50% of one month’s rent. Each prospective tenant will pay a $65.00 application fee and a $125.00 lease preparation fee; though, these fees can be waived or adjusted upon the Landlord’s request.
It’s not uncommon to attract multiple inquiries from interested parties within the first few days of listing a rental property. We pre-screen each interested party before we ask them to make a formal application. If a prospective tenant meets a Landlord’s income, credit and background criteria, a lease is then prepared. From start to finish, we close most rental listings in less than 21 days.
While it is very rare that a tenant stops paying rent, there will always be a possibility that your tenant will lose his/her job, become ill or incarcerated, or experience some other unfortunate event. This page outlines the eviction process, but we take pride in the fact that we have never had to evict any of the tenants we’ve placed to date