RENTAL PROCEDURES

 

 

 

Our first step in renting a property is marketing it accordingly to the area. We provide yard signs that attract interest from drive-by traffic and we also advertise online. We receive many referrals and unsolicited inquiries because of our long-standing presence in the community.

 

Screening of each prospective tenant is of primary importance. After we show the property to an interested party, an application for tenancy is completed. Processing the application includes verifying employment, talking to at least the past two landlords, and obtaining a credit report. Normally applicants with poor credit ratings, collection amounts, public records are accepted with additional security deposit, but each perspective resident is evaluated on a case-by-case basis. Prospective residents with poor tenancy history or unlawful detainer information on public record are not accepted.

 

After establishing an acceptable credit history and verifications, a lease agreement is executed. Leases are normally written for one year, but no less than 6 months, and the first month's rent is collected along with a security deposit. In cases where an owner has allowed a pet on the premises, a pet deposit is also collected.

 

We complete a move in reports and they are updated on a yearly basis until the tenant moves out.

 

Vacating the premises prior to the termination date of the lease results in the forfeiture of the tenant's entire deposit to the owner. In addition, the tenant is also charged for any cleaning or repair costs that may be required to return the unit to the same condition as at the time of possession.

 

Rents are paid to FTI Property Management and placed into a trust account. Maintenance and repairs are taken care of promptly. Because we have an in-house renovations team we are able to complete jobs at a very competitive cost.

 

All utility bills, such as electricity, gas, water, trash, and telephone are billed directly to the tenant, and payment(s) thereof are solely their responsibility.