Frequently Asked Questions by Landlords
Landlords ask questions about property management. Sandra answers landlord’s questions.
Can I hold the security deposit?
Georgia Rental Group holds the security deposit paid by the tenant for the properties we manage. The property management agreement is between you and our company. The lease is between our company and the tenant. We must hold the security deposit in an escrow account in accordance with Georgia law.
How will I get paid my monthly rent?
We offer direct deposit each month into your bank account, or we can mail you a check.
When will I get paid my rent each month?
Rent is due the 1st of each month. As soon as the tenant check clears our bank account, we will authorize your payment and send it to you by direct deposit or mail you a check. In the event rent payment is late from the tenant, we will contact the tenant to demand payment. When the late rent payment is paid and clears our account, we will send your monthly payment.
Should I get a home warranty for my rental property?
Georgia Rental Group recommends that landlords have a home warranty, but it is not required. However, a home warranty is a great way to protect yourself and cover your costs in the event of an appliance or home system failure.
How will you market my property for rent?
Georgia Rental Group lists all rental properties on the two MLS systems used for residential property in the Atlanta market. These two MLS systems are First Multiple Listing Service (FMLS) and Georgia Multiple Listing Service (GAMLS).
When your property is listed on the MLS, our automated, in-house marketing system kicks in and your property begins showing up on all the major real estate websites. These sites include Realtor.com, Zillow, and Trulia in addition to many others.
In some situations, depending upon the property location, rent rate, and market conditions, Georgia Rental Group may market your property using additional methods including flyers, postcard mailings, or offering bonuses to agents who find a qualified tenant.
More Answers to Questions Asked by Landlords
Please check back again soon for more answers to FAQ’s by landlords.