Frequently Asked Questions for Perspective Tenants

What are the requirements to rent with Investment Brokers Realty?

You must be able to prove that you make 3 time the monthly rental amount
You need 2 years verifiable employment, with no unexplained gaps longer than 2 weeks.
You need 2 years verifiable rent history, with no 30-day late payments.
No more than 1 NSF check in the prior 16 months of rental payments.
No evictions in the prior 36 month. (Letter of explanation required for all previous evictions)
What is the application fee?

$45 for the first two adults, $10 for each additional adult

How long will it take for my application to be processed?

Usual time to process an application is 10 – 48 hours, but may vary depending on those verifying your application information.

When is rent due?

Rent is due in our office on the 1st of each month. All payments received after the 5th of the month 5:00pm CST are subject to late payment fee for each day past due.

What forms of payment do you except for rent?

Acceptable forms of payment are check, money order, or ACH. Credit and Debit cards coming soon. Certified funds may be required if you have had an NSF check with us.

Do I have to have to have good credit?

No, our application process is not predicated on credit, but you must meet the criteria listed above.

Owner Frequently Asked Questions

Why are your fees so low?

Our streamlined process allows us to not have to charge fees for things other companies do, we believe that if it’s our job why should we charge extra. We don’t feel property owners seeking management for their properties should be gouged every time something comes up.

Does the monthly fee go up?

We strive to keep our prices low, so each agreement is locked at a low fixed price.

If I have you find me a tenant for my property can I manage it myself or have someone else manage it?

Absolutely, we offer our Rental Locator Service just for that purpose. We can work with anyone, self managed properties, management companies, even apartment communities. You just pay a small one time fee. If your property sits vacant for two more weeks you would have already covered that fee.

Do you offer discounts?

Yes, we offer a 15% discount for owners who have 20 or more properties managed by us or placed by locator our service.

I already have a tenant in my property, what now?

We would then only take over the complete management of the property for the low monthly service fee.

When can I expect my monthly check?

We send accounting statements monthly, and payments are initiated on the 15 of each month. Once payments are initiated through our system, depending on your location, your check should then be received within 5 days.

What if my tenant is evicted for non-payment, do I have to pay another commission when another tenant is located?

No if we place a defaulting tenant in your property, we locate a new tenant at no additional charge. This our commitment to you to find a qualified paying tenant.

How do you determine the amount of rent that will be charged for my property?

Our staff of professionals will use comparable rental values in the market area to determine the maximum amount that can be charged for your property.