FAQs for property owners
How much do you charge for your property management services?
Lansford Realty & Property Management LLC charges competitively for our comprehensive and versatile services. Our professionalism and expert knowledge of Chattanooga and North Georgia real estate will prove to be a worthwhile investment.
How will you advertise my property?
To guarantee maximum exposure for your property, we will:
- Create a detailed listing in the Greater Chattanooga Association of Realtors MLS with agreement from the owner
- Advertise on rental-specific real estate websites
- Place physical signs on your property
- Market on our company website
What is the tenant screening process like?
We review the financial credentials of each aspiring tenant, checking their credit history through a partner national agency. We also reach out to the previous employers and landlords of prospective tenants to inquire about their payment track record and general behavior.
What makes a “good” tenant?
“Good” tenants are those who:
- Earn at least three times the monthly rent
- Have no unresolved debts with previous landlords
- Have no criminal record
How do you determine rent?
Our team closely monitors and analyzes the local real estate market. Taking into account your property’s location and size, we set a beginning rate based on the number of available properties on the market and the number of properties leased over the last six and 12 months.
We make the necessary pricing adjustments based on market movements to ensure that you maximize your profit.
How long is the Lease Agreement?
Our standard Lease covers a 12-month period. Shorter lease periods may be negotiated if the terms mutually benefit the property owner and the tenant.
How do I collect my money?
Assuming the tenant pays rent on time, you may expect to receive your money by the agreed-on day each month by way of direct deposit.
What is the penalty for tenants who do not pay rent on time?
Tenants who fail to pay rent by the agreed due date are required to pay a late fee and will receive a notice of non-payment. Failure to comply with this notice results in an eviction notice filed with the local court.
Can I sell the leased property?
Yes, you are allowed to sell your property even while it is leased out. If such a sale happens, the lease will convey with the property and the new owner must honor the existing terms.
Can I list my property for both sale and lease?
Yes. You can market your unoccupied property as available for sale or lease.