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the rest of the process is pretty simple and seamless. They’ll go from APPLICATION
TO LEASE relatively quickly. The process is electronic-based through our software.
We have established application criteria and assuming the tenant meets the
minimum standard and agrees to pay the rent amount established at the beginning
of this process, they’ll be offered a lease agreement to sign.

We typically get questions from owners at this point, requesting to view the
application and their credit history, etc…We can share a copy of their application,
but we can’t share their credit history or share particulars of their report – this is
because of privacy laws and regulations related to the Fair Debt Collection Act.
We also can’t permit an owner the opportunity to meet their prospective tenants.
Doing so potentially opens our licensees and brokers to fair housing violations. It
also subverts the relationship you have when you employ a property management
company – think Oz behind the curtain. You’ve hired us to provide you with that
buffer and we’ve agreed to take on the liability of managing your property with
the expectation that we’ll be the point of contact for your tenant. It’s important to
remember, if the tenant qualifies, based on pre-determined criteria, then we must
lease the home to them.

Once that lease is signed, it will be shared with you. We’ll be in a holding pattern (as
far as leasing is concerned, anyway) until the current tenant’s date of MOVE OUT.

Renewal/New Lease --- Renewal Deadline --- Go to
Market --- Application to Lease --- Move Out

(150 DAYS --- 120 DAYS --- 90 DAYS --- 60 TO 45 DAYS --- 0 DAYS)

Turnover & Move-In Process

Turnover can be expensive – normal wear & tear on a property during the course of
a lease agreement takes effort (aka money) to remedy and repair. Incoming tenants
have high expectations of the rental property they are moving into and making the
property ready is important to get that relationship off to a good start. Remember
what we said earlier about happy tenants – that extra effort in the beginning can go
a long way. We call it sweat equity and its worth its weight in gold, but cashing it in
isn’t as tangible as paying for not earning it. If a tenant is upset from the beginning,
they’re going to be more particular than they would if the property was prepared
properly. As in most things – it starts with trust and giving them the property in
good condition establishes that level of trust and frankly helps put their guard down.

434.218.3540 | WWW.RENTWITHNEST.COM 15