Experience, Integrity, Results! 
FAQ's for property owners
 
Frequently Asked Questions

   To learn more call or email us today!    913-499-0345             myinfo@rentkcnow.com


What is the rental value of my house?

There is no set formula to determine the rental value of your home. The best way to get the answer to "How much rent can I get for my property"? is to talk with a listing agent about your specific property. We will do comps based on area, size, age, value, etc. for your home.  Please contact us at  myinfo@rentkcnow.com for a no cost no obligation estimate.   

How long does it take to get my house leased?

Average days on market vary according to several factors:  The variables are mainly:  time of year, price range, location, cosmetic appeal and cleanliness.  We will be happy to discuss current days on market with you.  They are typically 30 to 45 days.

How will you market my property?  

Our web site, professional yard signs, relationships with relocation companies, insurance companies, large and small corporations and real estate agents all over the metro will all bring potential renters to you. 

We will personally show your home.  Other property management companies give out your key or unaccompanied access to your home.  

We will give you a professional assessment of your home to let you know if anything needs to be done to rent it more quickly.  

Your home will be shown to corporate relocation clients, people just moving into KC for work, young families who are saving for a down payment and working singles that aren't ready to buy yet.  

We work with lots of realtors and one of the reasons is because although we are licensed real estate agents, their clients are safe with us because we don't sell homes.  We also pay referral fees!

How do I know that the renters are qualified? 

A lot of the lessees have been homeowners, so there is a higher commitment to maintaining your property.  One of the keys to success in this area is professional screening.  We use a professional screening company to verify the information on the application; they will:

  1. Secure a national credit report on each adult resident
  2. Check with current and previous landlords and ask specific questions 
    regarding payment history, number of tenants, status of pets,
    condition of the home, if there were complaints from neighbors,
    and whether the landlord would rent to the applicant again
  3. Review their employment history
  4. Do a background and criminal check

Do you require management services with your tenant locating service?

No, you can use just our "Lease Only" services. 

Our Lease Only Program is for property owners who only need a qualified tenant and not our property management services, we find the tenant and you do the rest.

Lease only services for finding a prospective tenant(s) include:

  1. Property evaluation, including photos.
  2. Recommend repair or cosmetic updates to maximize rent.
  3. Recommend a Monthly Rent based on market comparables.
  4. Market and advertise your property.
  5. Place a professional “For Rent” sign at the property.
  6. Advertise on popular and local rental web sites.
  7. Prescreen calls and personally show the property to prospective tenant(s).

After we have a prospective tenant(s) we will:

  1. Collect completed application.
  2. Tenant screening including credit scores, criminal background checks, employment and evictions history.
  3. Verify and actually contact all references including landlords.
  4. Submit all screened and qualified applications to the property owner for approval.
  5. Negotiate rent and lease terms.
  6. Execute lease agreement and other required documents.
  7. Collect security deposits. 
  8. Turn over all the documents and money to complete the process.
  9. Lease up fee, 75% of the first month's rent on a one year lease; 6.25% of rents collected.

Do you have the lowest fees in town?

We believe so!  There are different ways to price property management. For example, one company may charge you for all advertising including web sites and newspapers but have a lower leasing commission charged to the owner. Another company might charge a lower management fee but not offer the same services that another company offers. We believe we are able to give you the best price by maintaining a low overhead but without sacrificing exceptional service and professionalism.  We also believe we can offer years of knowledge and expertise that will get your home rented for the highest rent possible along with the best quality renter.  We know that every week your home sits vacant, it is money out of your pocket.  We feel that we offer a great service package while offering the best rates possible. 

Why do you need us to be named as an additional insured on your homeowners  policy? 

This story illustrates the main reason; a client whose insurance company would not add the property management company as an additional insured had a tenant bring a lawsuit related to mold.  The PM's insurance company defended them and the owner's insurance company defended the owner.  The case was settled for a token amount but the PM's insurance company's cost of defense was about $20,000.  The PM's insurance company is now going after the owner to get reimbursed.  This owner is still a client with the PM company, but he is mad at his insurance company for refusing to protect him in this case.  If his insurance company had added the PM as an additional insured then they would have defended both of them at the same time and the owner would not have to pay the insurance company's legal fees to defend what was a frivolous claim.  


   To learn more call us today!                 913-499-0345

For great home improvement advice try http://www.homotypic.com/
For more landlord tips and info go to www.mrlandlord.com 

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