TOPIC #3 Pricing and Tenant Selection
Q. How is the rent rate established?
A. 77th Meridian uses a number of internet resources to construct a composite "market rate" for prospective rental. Owner objectives, mortgage payment information, and special property features are also considered.
Q. Where does 77th Meridian advertise for tenants?
A. A number of methods are used: Signs in the window of the property, posting on the 77th Meridian website, several Internet realty sites. The multiple listig service is not used.
Q. What is your tenant selection process?
A. We first establish prospective tenant screening criteria through consultation with the properly owner. Prospects passing a gross income requirement will be given a showing and offered an application. The application and required $25 fee are then processed against the other screening criteria. Acceptable prospects are then offered to sign a lease. A hold deposit may be required depending on the agreed upon date of lease.
A. 77th Meridian uses a number of internet resources to construct a composite "market rate" for prospective rental. Owner objectives, mortgage payment information, and special property features are also considered.
Q. Where does 77th Meridian advertise for tenants?
A. A number of methods are used: Signs in the window of the property, posting on the 77th Meridian website, several Internet realty sites. The multiple listig service is not used.
Q. What is your tenant selection process?
A. We first establish prospective tenant screening criteria through consultation with the properly owner. Prospects passing a gross income requirement will be given a showing and offered an application. The application and required $25 fee are then processed against the other screening criteria. Acceptable prospects are then offered to sign a lease. A hold deposit may be required depending on the agreed upon date of lease.