SIGNS: Yard signs are the least expensive AND most effective form of advertising. When permitted by the HOA, we post our signs on the properties once the tenant provides us with their notice to vacate. We have the distinction of being affiliated with CENTURY 21®, who have the most recognized signs in real estate.
BANNERS AND BILLBOARDS: CENTURY 21 Sweyer Rentals has digital billboards throughout Wilmington to drive traffic to our doors. This is another means to give your rental home the greatest amount of exposure to potential tenants.
ONLINE CLASSIFIED ADS: Our available rentals are listed daily on Craig’s list, which is a leading traffic source.
WEBSITE: Our web address is posted on every sign, form, and ad that we have. The internet is far-reaching and assists in bringing us highly qualified tenants. Our Internet advertising posts all available rentals to over a hundred websites and to the top rental search engines. We get over 1500 new hits on our website each month.
REFERRALS: Referrals are a great source to get new tenants. CENTURY 21 Sweyer Rentals works closely with real estate sales companies, including our sister company, CENTURY 21 Sweyer & Associates, to assist with finding rental homes for people who are relocating into the area. CENTURY 21 Sweyer Rentals offers referral fees to all of our cooperating sales agents.
Screening prospective tenants is crucial in determining if an applicant is qualified to lease your property.
RENTAL HISTORY: Applicant must have good rental references with a positive record or timely payments, sufficient notice to vacate, and absence of violations and damages. CENTURY 21 Sweyer Rentals will verify 24 months of rental (or ownership) history. Family members and friends cannot be considered as a landlord reference. Application may be denied for negative rental or mortgage history such as evictions, damages beyond normal wear and tear, illegal activity on premises, refusal to re-rent by previous landlord, history of undesirable activity, or a balance still owed to previous landlord.
INCOME & EMPLOYMENT: Application may be denied unless rent is no more than 33% of verifiable gross household income. Acceptable forms of income verification include: last pay stub, letter from employer on company letterhead, or your last W-2. Self employed applicants may submit the last tax return or certified verification from applicant’s bank account or accountant. Management reserves the right to request additional verification if needed.
CREDIT: All information showing on the credit report is subject to verification, including previous address and place of employment. Some items that are looked at are: late payments, tax liens, charge-offs, repossessions, judgments and open bankruptcies. CENTURY 21 Sweyer Rentals requires a Beacon Score of 600 or higher for standard acceptance.
CO-SIGNERS: If credit, history, or income qualifications are not met, with the exception of a negative rental history, a qualified co-signer may be accepted if the property allows. Co-signers must have a Beacon Score of 660 or higher and rent can be no higher than 25% of their gross monthly income. Potential co-signers will need to complete a Co-signer Application, Co-Signer Addendum and any other documents required by Management. The Co-Signer will be fully responsible for the lease should the Tenant(s) default.
As part of our services, we provide you with leases and agreements designed to protect you, your investment, and your income.
RENTAL AGREEMENT: Our Rental Agreement is very detailed and spells out the tenant’s responsibilities to nearly every detail. To date, our rental agreement has never lost a day in court.
STAFF: We have a full time leasing staff to answer prospective tenant questions and personally meet them at your property.
RENEWALS: Turnovers are expensive. That’s why we send the tenants a renewal letter. Depending on the market, this letter may offer a re-signing bonus or rent credit for extending their current rental agreement. Within the renewal letter we also address maintenance requests.