Frequently Asked Questions
How much rent you can get depends on the size of your home, the community it is located in, and any upgrades to the property. To get a free rent comparable analysis, visit the contact page above and submit the full address of the property you want to rent out to one of our listed agents. You will receive a complimentary analysis on your property at no cost to you.
HOW LONG IS A TYPICAL LEASE PERIOD?
Lease periods are typically set for one year. In some cases, short term leases of 3 – 9 months can be authorized depending on owner discretion.
WHAT CAN I DO TO GET MORE RENT FOR MY PROPERTY AND RENT IT FASTER?
- Make sure the home is clutter free and extremely clean. Prospective tenants are most attracted to clean homes when they are walking through them. They need to be able to see your home as a place they could call home.
- Paint your home in neutral colors. If not white, then any beige or light cream color. It is strongly recommended that you avoid green, blues, or other custom colors (especially dark ones).
- Fix anything that is broken. If you turn over a clean, operational and maintained home to a tenant, it is much easier to hold them accountable for returning it back that way.
- Install landscaping. If your property is dirt and barren in the backyard, you should “at least” pour some rock down to make the yard more appealing. Additionally, having a patio adds a great amount of value to your home and will get it rented faster. Homes can still rent without anything in the backyard, but it will hurt the rent you can get and the speed in which you could get it.
- Have appliances available. 98% of potential tenants do not have their own refrigerator, washer/dryer, stove, or dishwasher. These items are covered under the security deposit if damaged and the tenants will have to maintain them if you leave them in the home.
WHAT IS A SECURITY DEPOSIT?
Some people confuse first and last month's rent with a security deposit. Laws that govern the use of rents vary substantially from those that involve security deposits. Depending on the property management company, tenants may be required to remit an amount of money equal to one month's rent (at least) in addition to their first month's rent before they can move in. This additional money is called a security deposit. The deposit is typically held in a brokerage trust account and cannot be touched unless the tenant vacates the property. The security deposit is then 100% refundable minus any expenses that are incurred to restore the property to its original condition when the tenant first moved in. The benefit of taking a reasonable security deposit is that the money acts as leverage for a tenant to leave the property in great condition when they move out.
WHAT CAN A SECURITY DEPOSIT BE DEDUCTED FOR?
A security deposit can be deducted for any costs related to restoring the property to its previous condition from a tenant security. Tenants fill out a pre-occupancy inspection report that absolves them of any issues that were in existence before they move in. This signed report is kept on file until the tenant vacates the home.
Examples of things that can be paid from security are:
- General cleaning
- Carpet cleaning
- Repairs of items that were not broken when the tenant moved in
- Unpaid utilities that were not maintained by the tenant
- Landscaping repairs
- Painting and more