Below is a sampling of the steps in a typical leasing situation:
- Discuss property with owner(s), asking specific questions regarding home
- View home and make notes on property features
- Prepare Market Analysis to determine fair market rental value
- Get consensus from owner regarding price and terms
- Prepare Exclusive Rental Management Agreement or Finder’s Fee Agreement for owners(s) to review, approve, & sign
- Send copies of signed agreement to owner(s)
- Collect all necessary keys for property
- Place sign in yard
- Add property to Rental List
- Have a Rental List in the office available for all walk-ins
- Circulate Rental List to other agents in office
- E-mail Rental List to local Human Resource Managers in charge of hiring new employees
- Take photos of home for advertising
- Add property to Web Site
- Add property to The Citrus County Chronicle’s Rental Finder
- Add property to Florida’s Nature Coast Real Estate Magazine (it is circulated in Citrus and several surrounding counties)
- Make list of cleaning/repairs to be performed if needed before showing
- Schedule cleaning/repairs if needed
- Verify that all utilities and water are on and in owners name
- Contact all tenant leads and notify of new property available
- Screen all calls for potential tenants for the property
- Schedule appointment with potential tenants to show the property
- If interested, have potential tenant fill out application (which they pay for)
- Use Resident Data to screen applicant(s) (national criminal search, credit report with FICO score, national eviction search, sex offender search)
- Verify additional application information: verify employment and monthly income, previous rental history
- Run potential tenant(s) name(s) through Citrus County Clerks records
- Discuss application & results of checks with owner(s)
- Notify potential tenant of decision
- If rejected due to credit, notify applicant with adverse action notice, per Florida Law
- If accepted, get the information needed to the attorney to draw up the lease.
- Schedule to have the lease signed by all parties of and collect funds needed to move in
- Make sure home is clean and ready for new tenants
- Take video of the home before move in to keep to view and compare to when tenants move out
- Verify the lease is fully executed and all parties have received a copy
- Verify collection of all monies owed
- Provide tenant with set of keys to property
Fees:
For securing a tenant for a long-term lease (6 months or greater): 1st months rent
For securing and managing a tenant for a short-term or seasonal lease= 15% a month
Full management of property = 10% of monthly rent (Long Term)
Attorney Fee for drawing up the lease: $35
Renew same tenant for a consecutive long-term lease= $250
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