FAQ for Property Owners
How long will it take to rent my property?
We will recommend a rental rate and terms that we think will attract a qualified tenant within 30 days. Market conditions vary, and we can’t make any guarantees as to when we will find a qualified applicant. Some properties lease immediately. Others take longer. We will provide you with updates and will modify the price or terms if necessary.
How long is my contract?
While we sign a 12 month contract, Owners have the option to cancel with no penalty with 30 day notice.
How does True Asset Realty determine the rental rate?
We manage several hundred rental homes. We also have access to listing information on many more units through the multiple listing service and internet. After inspecting your home, we can recommend items that might enhance your home’s value. Once we know your home and understand your goals, we will use our knowledge of the market to recommend a rental rate. It’s your property—we recommend, and you decide.
How does True Asset check the applicants credit/reference History?
One of the most important aspects of making your experience as a Landlord rewarding is placing the right tenant in your property. While no one can discriminate on the basis of race, color, religion, gender, age, national origin, or familial status, we can screen applicants on the basis of credit and rental history. Once we receive an application from our marketing efforts, we conduct a detailed background check on the applicant(s). Some applicants can be very deceptive, even to the point of having friends or family members pose as former landlords or employers so that the information sounds good to the landlord conducting the background check. To reduce the possibility of being deceived by an applicant, True Asset Realty uses a multi-tiered background check to cross-reference each applicant. Our background checks consist of:
● Asking to see a picture ID of the applicant.● Pulling a copy of their credit report and their FICO score.● Checking whether the applicant has had dispossessory warrants filed against them.● Getting copies of their pay-stubs or contacting their employer to confirm their source of income. If they are self-employed, we ask for copies of their tax return.● Confirming their landlord reference or residency history (mortgage payments).
A thorough background check is crucial. A bad tenant can be very expensive due to lost rent, extra time spent having to deal with the tenant, and possible damage to the property. While no background check can eliminate all of the risks of a problem tenant, our thorough examination of their rental history can significantly reduce the risk.How much homeowners insurance do I need?
This is typically a question for your insurance agent but in general, you MUST have general liability insurance and can also add replacement cost, we can discuss your unique situation to recommend options.
What experience does your company owner have in managing rentals?
We have been managing single family homes throughout the metro Atlanta area since 2015, we have managed well over 1000 homes in total.