What happens once an applicant is accepted, and when do I get money from the newly leased residence?
We notify the applicants of their acceptance and let them know the residence will stay on the market until they bring in a deposit to reserve the residence. We write our proven and well drafted lease which includes rules and regulations, and a walk through report, collect the security deposits, and first rents all in the form of a Cashier´s check or Money Order. Once signed, give copies to tenants, provide them with keys and door openers if any. The Broker reviews and initials lease and the file is turned over to make copies and mail them to the property owner, then to the accounting department. The accounting department must set up a new tenant file, ledger card and system for the property, deposit and account for funds which all together may take 10-14 days before any of the initial funds are disbursed.
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