Homes for sale huntsville Huntsville Alabama Real Estate

Thanks for your response.

Our screening includes credit and public records search and previous rental history (if any). We are finding that a lot of people moving to the area haven't rented in years and don't have recent rental history. Homeowners do tend to make better tenants. We verify income and employment and try to get a good feel for the tenant's stability and how well they would take care of your property.

I think we probably should start marketing as soon as possible. As I recall the house was in good condition when it was on the market for sale and should show well to prospective tenants. Please give me a call and we can meet sometime this week. Mondays and Wednesdays are generally very busy for me.

Best Regards,

Philip Winburn
256.797.4570
philipwinburn@mchsi.com
www.HuntsvilleRealty.Net 

 Due to changes in job situation, my family needs to move out of Alabama

Thank you very much for your deatailed response. You did find our house! That price range was our *ideal*, but our finances could cover a lower price. I think you are right about balancing the rental price with the ability to get tenants in. My husband is starting his new job in NC on March 28, and I was hoping to move out and join him during the last week in April. Next weekend, my father (who was a contactor for years) is coming down to help us fix the house up some, so I would like to start marketing the house shortly after that work is done.

I have a lot of questions. How do you screen tenants? What if an eviction is needed, how much would my husband and I be personally involved in that process?

Could we make an appointment some time between March 21-25 to talk to you about all of the options? 

Due to changes in job situation, my family needs to move out of Alabama

Thank you for your email and for visiting our website.

Apologies for the delayed response, we have had a very busy few days.

Since you do have an uncommon name I was able to find your property address through tax records and then more information on the property through the MLS archives. The link below is to what I think is the listing where you purchased the house. If this is the correct house, I showed it to clients when it was on the market last year.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711386220l

As a rental, it is an advantage that your house is in the county for the better schools and that it is close to Redstone Arsenal, Research Park and shopping. There is some traffic and traffic noise that may dissuade some prospective tenants but overall the house will be desirable to prospective tenants. To see what active competition and recently rented homes there have been in the $1700-$1800 range, I cast a fairly wide net geographicly and found the houses at the link below. Huntsville AL property management

There are eight active listings that we might consider our competition for the same tenants. Please note the days on market " DOM " of both the active and rented listings.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113862209

Filtering for only properties in the Harvest Monrovia area we find the properties at the link below.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113862211

My impression is that $1,700 - $1,800 would be near the top of what our current rental market will bear. During the summer demand may be greater and the house would rent more quickly.


There is a balance in setting the rental amount on a house. One wants to rent at as high an amount as possible but by pricing a house at the upper end of a property's rental market range the days on market usually increase. At $1,700 rent, each day of vacancy costs about $57. If one sets rent at the upper end of the market range and it causes an additional two weeks of vacancy the vacancy loss would be almost $800. On a year's lease that would amount to about $67 per month.

We aggressively market our rentals and have a strong internet presence. Given adequate marketing we should consistently see 2 - 3 showings per week over an extended period. If showing activity is substantially less, the market is saying the property is priced too high. When a property first goes on market there is an initial flurry of activity so if should be at it's best for showings. If the weather is bad there may be a downturn in showings but we should see the 2 - 3 showings per week over an extended period.

When are you expecting to move? We should start marketing 30 - 60 days out.

I hope this was helpful and please let me know if there is anything else we can do for you.

Best Regards,

Philip Winburn
256.797.4570
philipwinburn@mchsi.com
www.HuntsvilleRealty.Net
http://twitter.com/philipwinburn

Question: Hello, Due to changes in job situation, my family needs to move out of Alabama. We have a 3000 sqft 4Br 2.5bath home with 3 acres just outside of the nothern city limits of Huntsville. We would rather rent it out than sell it, so we can come back to the area in a few years. I was wondering if there is a market for renting this size home right now and if we would be able to ask $1700-$1800/m for it. Thank you, Corinne Magone

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