Property Owner FAQs
Answers To Commonly Asked Questions
Our tenant screening and selection process is very thorough, and begins with a comprehensive application form. Prospective tenants are screened based on the following: federal, state, and local eviction records, full credit history, bankruptcy, judgements, foreclosures, employment verification/history, and rental verification/history. We make it our job (literally) to ensure that the tenant we place in your home has the proper qualifications.
When evaluating your home for the rental market, we do our research. We take a look at rental homes we currently have in the area, other comparable homes, and the current leasing environment in the area. We will also make recommendations for increasing the value of your investment in order to maximize your return. We will give you a suggested range based on our findings. It is important to remember that, ultimately, it is the market that will dictate what the home will rent for.
The simple answer is that it varies. There are several factors that play in to the length of time on the market. Some of the factors include: price point, condition, features, location, whether or not pets are accepted, and whether or not Section 8 applicants are accepted. These factors may lower, or increase the number of qualifying/interested prospective tenants. What we can guarantee is that we will generate the most exposure that we can for your investment with our marketing efforts. Creating more exposure generates more interest, which will aid in finding a qualified tenant more quickly.
The policy is that it’s up to you as the owner; It is your home and that is a decision you make. Should you decide to allow pets, Vision Realty & Management does require a pet deposit for each pet at the home. If you want to allow small dogs only, cats only, a limit of two animals only, or no animas at all – just let us know.
Yes. You would just need to let us know, as well as your insurance company that there will be a building left on the property filled with personal items.
We recommend removing all personal property from the house, with the exception of the kitchen appliances: refrigerator, stove, and dishwasher. It has been our experience that most tenants have a washer and dryer, so you can take those with you, put them in storage, or sell them on Craigslist.
Given our rent collection process, and allowing some time for late payments, all of our owner disbursements are processed and deposited on the 10th of each month (or the following business day if the 10th falls on a weekend or federal holiday). Processing time for each financial institution varies, and may take 2-3 business days for the funds to post to your account.
Rather than a traditional homeowners insurance policy, you will need a landlord, or rental dwelling, policy. We are not insurance professionals, so it is always our recommendation that you speak with a professional regarding the policy coverage and rates for your investment properties.
Once a tenant moves out, a move-out inspection will be performed documenting the home’s current condition. We will make a list of the items that need to be addressed during vacancy, prior to another tenant moving in. If you would like for Vision Realty & Management to provide you with a quote, we will be happy to do so. With that said, remodel and rehab work is not part of our management agreement, simply meaning that you, the owner, are not bound to us for this type of work. While we are happy to do it, you may take our list and get bids on your own, or use the contractors of your choice. Should you decide to use Vision Realty & Management to complete the work, payment for this type of work is at the owner’s expense (of course), and will be billed separately from the portfolio account.