OUR RENTAL PROCEDURE



Our first step in renting a property is advertising its availability. We provide yard signs that attract interest from drive-by traffic. We also advertise in various local papers where the property is located. 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. Normally 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. We do not require the last month's rent. In cases where an owner has allowed a pet on the premises, a pet deposit is also collected and the tenant signs a pet agreement.

The lease agreement specifies the tenant's responsibilities during the term of the lease and upon vacating the premises. A move in/ move out report is completed by the tenant and management at the onset of each lease. This report becomes part of the lease and is used to compare the condition of the unit at the time of vacancy.

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. They are due on or before the first day of each month. If not received by the fifth day, the tenant is assessed a late fee of $25.00. Maintenance and repairs are taken care of promptly. In the event of a major repair, the owner is contacted prior to the contracting of the work.

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. In the some cases sewer and garbage bill remain in the owner's name and are received by FTI Property Management for forwarding to the tenants for payment.

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