Pyramis places qualified tenants in San Antonio rental homes without taking over management. We price the home from a visit, market it on the MLS and major rental sites, screen every adult applicant, and prepare the lease and move-in report. The fee is 100% of one month’s rent.
Proper Pricing
Just like photos, if it’s priced too high, they’ll move along to another property. We don’t simply run a price per square foot average for the neighborhood and apply that to your home. We can give you a fairly narrow range of what the property should rent for, but tailor the pricing down to your specific home compared to other similar ones. This more tailored pricing can be achieved after we visit the property. There are no shortcuts on this. Activity, interest, and feedback on your listing is closely monitored so we can make price adjustments quickly when needed.
Listing Exposure
This is first and foremost. We have to get the word out that the property is available for rent. This starts with the local Multiple Listing Service (LERA MLS), which reaches over 16,000 subscribers. Our marketing strategy is the same high-level service as a large brokerage but with more attention to details and feedback. Pyramis utilizes strong, focused syndication to rental websites like Zillow, MLS, Hotpads, Trulia, etc. We also market by word of mouth and physical marketing like signs in the yard and social media posts, this way we can not only find a quality tenant but find one quickly. Between the MLS, rental-site syndication, yard signs and word of mouth, your home is seen by the tenants and agents who are actually looking.
Photos & Video
Photos are very important, as much of the home-search process is done online. If the property photos don’t look good, they’ll move onto another property without giving yours a second thought. We take high-quality photos of all our properties to give them the best shot at getting rented quickly right from the beginning.
Tenant Screening
Some companies simply base a prospective tenant’s eligibility on their credit score. Unfortunately, the credit score doesn’t tell the entire story. We have a comprehensive points system built with years of experience that takes into consideration much more than a simple credit score. Our eviction rate is under 1%. We screen every prospective tenant over the age of 18 and verify the following:
- Prior Credit Inquiries
- Driver’s License Information.
- Social Security information and any fraudulent activity search
- Date of Birth
- Credit Scores
- Broken Leases
- Currently & Previously Delinquent Accounts
- Collections
- Public Records
- Payment History
- Sex Offender Registry
- National Criminal Alias Search
- National Eviction Lookup.
- Rental and/or Mortgage History
- Employment and Length of Employment Verification
- Income Verification.
- Service/Assistance Animal Verification
- Problematic Pet Search
- Bankruptcy Search
Lease Prep
Too often we get calls from self-managing landlords who need help with their tenant. More times than not, they have barely enforceable leases that were downloaded off the Internet. Utilizing our placement services gets you the same lease package we use for our full-service clients. We use the single-family version of the residential lease written by the Texas Apartment Association. Why not the lease freely available to all Texas REALTORS®? We believe the TAA lease gives our clients stronger protections, and that’s what we put in front of every tenant.
Move-in Documentation
We provide our Placement clients with a full move-in inspection report of the property’s condition when the tenant takes possession. Going this extra step for our clients helps them to be better equipped to process the security deposit when the tenant vacates. We’ve encountered many situations where a landlord hired a company to place a tenant and, for one reason or another, we end up managing the property. When the tenant vacates, the landlord realizes there was no inspection performed at move-in, leaving the landlord unable to charge for damages.
Our fee is 100% of one month’s rent. If an outside agent brings the tenant, we pay that agent’s commission out of our fee, so your cost stays the same. Contact us today to get your home rented to a screened, qualified tenant.
Frequently Asked Questions About Tenant Placement in San Antonio
What is tenant placement, and how is it different from full property management?
Tenant placement finds and screens a qualified tenant and prepares the lease, then stops. You run the home from there. Full management continues after move-in: rent collection, maintenance, inspections and owner reporting. Placement suits owners who are comfortable managing the home once a tenant is in place.
What does the tenant placement fee cover?
The fee is 100% of one month’s rent. It covers a pricing visit to your home, marketing on the LERA MLS and major rental sites, screening of every adult applicant, and preparation of the lease and move-in report. There are no add-on charges for those services.
How do you screen tenants?
We screen every applicant over 18 for credit, income, rental history and criminal background. We apply the same criteria to everyone. Our eviction rate is under 1%. Screening reduces risk, but it can’t remove it, so we also use a strong lease.
Who pays the agent commission if another agent brings the tenant?
We do. If an outside agent brings the tenant, we pay that commission out of our fee. Your cost stays at 100% of one month’s rent either way. Nothing is added to your bill.
Want to know what your San Antonio home could rent for? Request a free rental analysis.