30 DAY LISTING GUARANTEE
In the event that we cannot rent your home in 30 days or less, we'll offer you two months of management for free. Otherwise, the first two months of management fees are on us.
The home must be vacant - We can't rent a home that is occupied or not ready for a tenant to move in.
We set the rental price - We have a set process for determining market value and do not guarantee days on market when listing above market rate. We're going to watch the price to ensure that we come down in small increments as needed to assure that your home gets rented.
Must allow pets - Two-thirds of prospective tenants have pets. With one-third of the rental pool it is difficult for us to rent a home within the guaranteed timeframe.
We guarantee your Tenant will stay for 12 months, or we will find a replacement FOR FREE.
We guarantee that you will NEVER have to pay 2 leasing fees in the same 12-month period. In the event your tenant breaks their lease within the first 12 months we are going to replace that tenant and you will not be charged a leasing fee.
Must be managed by LREI Property Management. If we do not manage the tenant, we cannot control the rental experience and therefore, we do not guarantee their stay.
Military Relocation where a tenant receives orders are outside of anyone’s control and excluded from this guarantee.
Maintenance must be approved timely, if it isn't and we lose a tenant we will not guarantee the tenant will stay.
ANIMAL DAMAGE ASSURANCE
For no extra charge to owners, we guarantee your home will not be damaged by any approved animal. When we allow a pet into a home, we have vetted that animal almost as much as the tenant. At LREI, we like to deal with hot button issues before they become problems. So, we screen each pet, charge a reasonable fee, and guarantee that you (the home-owner) will not pay out of pocket for pet damage.
We pay for any damages exceeding the security deposit caused by an approved animal.
$1,000 of Coverage included free coverage.
$3,000 of Coverage included at no charge with the Ultimate Service Plan.
Plan Administration / Eligibility Requirements
Landlord account with LREI Property Management, LLC must be in good standing and with no violations of the terms of the Residential Management Agreement. Termination of the Residential Management Agreement shall cause enrollment in Risk Mitigation to immediately terminate and LREI Property Management, LLC shall not be responsible for any claims either past or future.
Resident must have been procured by LREI Property Management, LLC and on a LREI Property Management, LLC lease agreement with a start date of June 1, 2020 or later.
In the event a resident defaults on the payment or rent, LREI Property Management, LLC will have the sole right and sole discretion to institute legal proceedings for an eviction.
All legal fees incurred or charges for pet damage will first be billed to the resident. LREI Property Management, LLC will first attempt to collect funds from resident to reimburse owner. If LREI Property Management, LLC does not collect these funds from resident, then LREI Property Management, LLC will pay these expenses within the coverage limits stated above.
All amounts due from resident for legal fees or pet damage will first be deducted from the residents security deposit, and LREI Property Management, LLC will pay any amount over the security deposit to the maximum payout amount. LREI Property Management, LLC will have a first claim position against resident for any payment(s) recovered.
The maximum payout by LREI Property Management, LLC per lease agreement will not exceed $1,000.
All payouts by LREI Property Management, LLC will be made after the resident has vacated the premise and after the completion of the security deposit disposition by LREI Property Management, LLC.
Any lease or pet administration fees charged to the resident will be retained by LREI Property Management, LLC.
This guarantee applies only to animals approved by LREI Property Management, LLC and does not apply if a resident has an unapproved animal. This guarantee excludes Service Animals per Fair Housing guidelines. This guarantee excludes eviction fees for any resident on a government subsidized program including Section 8.