See some common questions and answers below, or call us at 901-560-3606.
To begin our partnership, you will only need to pay the maintenance escrow. All other payments needed for the property will be billed to your account and you will be asked to cover them when needed. The maintenance escrow is your money and will be used to cover any expenses related to the property.
The leasing fee for your property covers the cost of renting it out and will be deducted from your tenant’s first month's rent. This may appear to be a straightforward process, but there are a number of steps that must be followed to ensure compliance with local, state, and federal fair housing laws and the residential landlord tenant act. These include the creation of a professional property profile with accurate and attractive details and photographs, responding to phone calls regarding the rental, scheduling appointments for showings, processing tenant applications (most vacancies have more than two applications), negotiating rental terms and conditions between you and the tenant, and the execution of the lease agreement and any required addenda.
The length of time a home remains vacant is impacted by a number of elements. To maximize the chance of quickly finding a tenant, the home must be ready for occupancy, situated in an attractive area and priced appropriately. Additionally, the strength of the local market and economy will affect the speed of rental. Generally, we have seen a vacancy period ranging from 30-60 days.
To show the home, it must be emptied. This is for both your protection and ours, as well as to make the property more desirable to potential renters who may be looking to move in quickly.
Yes. Although we recommend using our home inspector on a quarterly basis, even a semi-annual inspection of yoAlthough we highly recommend having our home inspector visit your property on a quarterly basis, a semi-annual inspection can still be beneficial. The quarterly inspection of your air conditioning filters can help to extend the life of your HVAC system and minimize the need for costly repairs. While the semi-annual inspection will give you an overview of the condition of the home and the tenant's behaviour, the quarterly inspection will give you an even more detailed update and a regular presence for the tenant. property can be beneficial to your home and helpful to your peace of mind. The quarterly change of your air conditioning filters included in the inspection can greatly extend the life of your HVAC system and reduce possible repair due to negligence. Where as a semi-annual inspection of the property presents the home owner with a snapshot of the state of the home and the tenant behavior, the quarterly inspection will provide a more progressive picture for the home owner and a regular presence to the tenant.
At BCRM, we are committed to providing the best rental experience possible for tenants. To that end, we strongly recommend that property owners use our team of professional and highly competitive vendors for repairs and maintenance. These vendors provide quality work at a reasonable cost, which can lead to greater tenant satisfaction. While you are not prohibited from performing some maintenance on your property, we urge you to take advantage of our services.
Tenants will be given 60-days' notice before their current lease expires, informing them that it is time to renew the lease. If the tenant is interested in renewing, you will be notified so that you can discuss the terms of the new lease. Property managers will take care of all the communication between you and the tenant and will secure a new lease once the terms have been agreed upon. Upon executing the new lease, a $250 fee will be charged.
Germantown, Collierville, Memphis, Bartlett, Cordova, North MS,
& all of Shelby County TN
901-560-3606
info@rentbluffcity.com