Are you a property management company?
No. Homequest is a
real estate investment company. That means that we own every unit we rent out.
As a result, our inventory of available rentals is usually much smaller than
that of a major property management company, and we are able to develop more
personal relationships with our tenants. As a Homequest tenant, you are dealing
directly with the owner of your home each time you contact us.
What is your application process?
We have a very reasonable one
page application available at our office and also on our website. We run credit
checks, employment references and landlord references. In order to qualify with
us, your credit has to be basically good for the last two years (no bankruptcies
or major collections, but a late payment or two might be alright), your landlord
references have to be positive and you need to be able to prove that your gross
income is approximately 2.3 times (or more) your rent amount every month.
Is there a fee to apply?
Yes, our application fee is $25. However,
this fee comes out of your security deposit when you move out. This means that
if you never move into the house for any reason at all you do not have to pay
the fee!
How much is your security deposit?
Our security deposit on nearly
all of our units is $400. With the exception of a carpet cleaning fee and the
application fee this deposit is all refundable.
Do you accept pets?
Almost all of our units will take up to two
cats. We have a few units that have fenced yards and we will take dogs at those
units. We do not take dogs at our apartments, duplexes or houses that do not
have fenced yards. The pet deposit is $200, half of which is potentially
refundable. Birds, small rodents and fish do not require a pet deposit. Please,
no exotics.
What kind of leases do you require?
We usually require a one-year
lease. If you rent from us on an off-season, we are always willing to sign a
lease that ends the following July 31st instead. We rarely provide
month-to-month leases.
What happens if I need to break my lease?
Because we are the owners
of these properties and are more flexible than a standard property management
company, we are able to work with tenants that need to break lease. Our usual
fee is $250, taken out of your security deposit. We do require a written 20-days
notice, and will charge an additional month’s rent if a full 20 days is not
given. However, unlike other property management companies, we do not keep
charging rent until we find a new renter.