Rental Program Information:
[Information for Homeowners who are interested in Renting their property]
Hello Home Owner(s),
Thank you for visiting our website for more information on our Rental Program. This email will
explain our program in a little more detail as it relates to working with owners who are
interested in having our company place Rental Tenant(s) in their property for them.
We would like to explain how our Rental Program works, and how this
program is helping Homeowners, Realtors, Investors, Tired Landlords, etc, to rent their properties RIGHT AWAY!!
First, let me tell you that there are a lot of scam artists out there now, with unemployment and
foreclosures so high and continuing to rise. We have been in business for over 7 years. We are
licensed and listed with the GA Better Business Bureau since 2005, with no complaints since our
company opened. Rating an A- with the GA Better Business Bureau, with an A being the highest
a company can receive. The only reason we do not have an A is, at this time we are not a member
of the Bureau. We will be again very shortly. We welcome you checking with the GA BBB
concerning our company. Please check out our rating, that is very important and we are proud of it! You can check by using our company name
{A. D. Barnes An Investment Management Company} or, our Office Phone number {770-575-1691}.
We work with Homeowners in and out of state. We do have references of all owners we are
currently working with and we are willing to give you some of these owners phone numbers to contact
them. We will also give you the address of the property that these homeowners own, so you
can check the owner's name against the courthouse records. We want you to feel comfortable
and assured of our ethics and professionalism when working with our company.
We are NOT REAL ESTATE BROKERS OR AGENTS! We do have a Real Estate Broker within our staff.
We are a Real Estate Investment Service, a Rental Tenant Placement and Advertising Service. We are also a Full Service Property Management Company. Even
though we are not real estate agents or brokers, we can legally do Property Management ,
(when/if needed), because we would do a Flex Option Agreement with
the owner and assign the Rental Agreement. This would make us a principal
of the transaction not a broker. We do have GA Real Estate Attorneys on retainer and they help
with all of our agreements/contracts, that way everything is legal and in accordance with GA Law. We also ask that you have all agreements/contracts
viewed by your GA Real Estate attorneys if/when we do business.
Our Flex Option Agreement that the owner would sign going in, is a simple two page agreement
that gives our company permission to advertise the property and to send rental tenant(s) out to view your property, the agreement also states the terms as far as the
monthly rental amount, the security deposit amount and, the fees that our company will receive. Again, this way our company is working as a
principal, not as a Broker. This simple agreement ties into the actual Rental Lease
that would be signed later by the owner and the tenant(s), (once
they are approved).
We do all the work for you, finding and placing the Tenant(s), handling the application and
screening process, we do all the lease agreements/contracts and paperwork, we handle the actual
Move-In, and we offer Full Service Property Management (if/when needed). If our company manages the property, we also
handle showing the property [BY WAY OF USING AN OWNER PURCHASED LOCK BOX]. At this time all properties that we are showing are on LOCK BOX, THAT IS OUR PREFERRED WAY OF SHOWING HOMES!! The prices of the homes that we are currently showing range from $90,000 up to 525,000. This way of showing homes has kept the cost down for owners, has proven to be safe and as stated before, our preferred way of showing homes. To give a code out to a potential tenant, we get a copy of their Driver's license, we give a 2 hour window schedule for them to see the property AND, they have to call us back when finished viewing, to let us know that they have secured the property and put the key back in the lock box. All of this is included in our fee (except Lock box). So you just sit back and
get ready to receive payments.
Our Fees for Rental are not A) 100% of the first months rent for the Move In, (We receive 75% of the first month's rent from the owner[ IF ALL] at Move-In), B) Our Monthly Management fees are not 13 to 15%, (We charge the owner 10% or $100,WHICHEVER IS GREATER).
If the owner has Monthly Management, the owners do not have to even deal with tenants and toilets!
We keep that headache off of you! You just sit back and receive an upfront Security Deposit and your monthly rent, while having your mortgage paid down for you by someone else. If you Rent instead of trying to Sell your home in this economy, you would decrease
your tax liability with Renting, by turning short term capital gain into long term capital gain, (having a lower tax rate) and,
you could sell your property later at a Good Purchase Price with future Price Ranges. Not for what you would have to sell it for now in today's market, with housing prices dropping!!
{{PLEASE NOTE:
1) Owners that have homes FOR SALE/There is an Exclusive 60 day Agreement.
2) Owners that are already offering their homes FOR RENT/There is a Non Exclusive 60 day Agreement.}}
Our Flex Option Agreement when signed would state that the owner is working Exclusively or Non Exclusively with A. D. Barnes (depending on if property is NOW for Sale or for Rent. See info in RED directly above), to find and place Rental tenant(s) for 60 days! Our company incurs costs to
advertise an owners property, to pay our staff to call and schedule appointments setting up
showings, to take applications, screening tenant(s), etc,. We know that owners can
understand these costs and not mind giving us the 60 day exclusive or non exclusive agreement to place tenant(s) and have no problem paying the low costs of our services, as we are doing all of this initially free to the owner until we/owner
actually approve and place tenant(s) in the property. Of course it does not usually take anywhere near 60 days to
place tenants but, we are expending money to do this and would like some time to get the process
started and completed.
This way the owners are receiving FREE ADVERTISING AND, once tenants are placed, they would be having their monthly mortgage payments starting to be paid for them RIGHT AWAY! If property is managed by A. D. Barnes, all maintenance and repairs would be done by the owner's home warranty contractors (if owner has a policy) or by A. D. Barnes' licensed and bonded contractors who guarantee their work.
Owners would initially also pay for the sign that would be placed in the property's yard ($56.00).
At Move-In/After payment has been received, A. D. Barnes would refund the money for the sign back to the owner.
This is done because in the past we have had owners to place the property under our program and then come back to state
that they needed to move back into the house, that they are needing to move family back into the house,
or a host of other situations. A. D. Barnes then has to pay to have the signs removed and we are
just not willing to incur that extra cost upfront, on top of our other costs to advertise an Owners property
for FREE!
We will, within 48 hours after the move-in, reimburse the full sign payment. Owners
normally understand this and if they are serious about Renting their property they know that
there are some small upfront costs. We have not had any problems or concerns with Signs or Lock boxes.
Property in "Ready for Showing" Condition:
Owner's property must be in Ready for Show Condition. A. D. Barnes cannot have
tenant(s) go to view properties that are not in showing condition. If an owner needs
help as far as turnkey work to make the property ready for show please ask your contact person. We
do offer turnkey services such as cleaning, painting, plumbing, roofing, repairs, lawn care, renovations and other contracting
services, at discounted prices to all new and existing clients.
These are the basic facts concerning working with us to Rent home(s). I
hope that this has given you more in depth information on the workings of our
Program. We like to give as much information upfront, answer any questions, and discuss
everything before spending a lot of time viewing properties, doing due diligence and sending
tenant(s) out to view properties. This cuts down on wasting an owner's time,
tenant(s) time, and our time. Certain things as stated above we cannot afford to
negotiate on, so we like to know up front who we will be able to work with.
Here are some great reasons to consider A. D. Barnes' Rental Program:
* Debt Relief
* Quick / Immediate Solution
* Purchase Offer Price later based on Future Pricing
* Mortgage Principal Reduction
* Opportunity for significant increase in total income
* Owner retains all property tax benefits
* Owner may qualify for additional tax deductions -- Including
improvements & repairs
* Could decrease tax liability by turning short term capital gain into
long term capital gain (lower tax rate)
* No property management or maintenance headaches - We handle
all property management and maintenance [if interested]
* Pay down your Mortgage with the Tenant(s) Monthly Checks!!
We would be happy to discuss renting your property, and answering any questions
you may have concerning the Rental format. If after reading this information and
speaking, if you are interested, we could get started right away. We start by gathering information
about the property, viewing the property, and doing our due diligence to see which properties we would be interested in placing in our Rental Program and, having signed a simple
Flex Option Agreement.
Please email us back at your earliest convenience if you have any questions, or are interested in
speaking about the rental program and we will give you a call. Thank you so much
for your time and patience!
Have a great day!