PMI Residential Guarantees
21-Day Guarantee
We guarantee to find a quality tenant for your rental home in less than 21 days, or the first month of management fees are waived!
When it comes time to market your rental property, the last thing you want is to have your home unrented. Every day an investment property is vacant is a day of lost income and this is why we guarantee that we will find the right tenant for your home within 21 days or you receive one month of management fees for free when the 21-Day Rental Guarantee is added to your property management or leasing agreement.
- The home must be vacant.
- The home must be ready for tenants, The 21 days begin from the day the home is move-in ready.
- The home must be a pet-friendly property and allow a maximum of 3 approved pets.
- 21 Day Rental Guarantee must be included in your Property Management Agreement.
- Rental price must be an amount agreed upon by both owner and PMI Indianapolis.
Eviction Guarantee
If a screened tenant placed by PMI ever has to be evicted, we will be responsible for the eviction process including the costs or fees associated with eviction, up to $2000.
We understand how frustrating it is when a tenant violates their lease agreement and the financial implications for property owners. It’s an unfortunate fact that some tenancies end in eviction. With PMI’s Eviction Guarantee, you don’t have to worry about the costs of an eviction because when you subscribe to our Eviction Protection Plan we not only handle the eviction process but we cover the legal costs or fees associated with the eviction, up to $2000.
How the Eviction Guarantee works:
- Owner must subscribe to our Eviction Protection Plan in the Management Agreement.
- New tenants with leases signed after Management Agreement is in place are immediately covered.
- Existing tenants with leases signed prior to Management Agreement are covered after seven months.
- The Program does not cover lost rent, move-out costs, or damage to property.
- The Program does not cover the Owner for the Tenant’s Attorney fees, or court ordered fines, damages, or penalties.
- The Eviction Protection plan must be specifically subscribed to in your current Property Management Agreement.
*This is a summary of terms or the Eviction Protection Plan, see your management agreement for exact terms.
On-Time Rent Gurantee
When a tenant pays rent on-time we promise to have your owner’s payment in your account within 10 business days. If not, we will give you back that month’s management fee.
Making sure you get your money as soon as possible is part of our job and the reason why we offer our On-Time-Rent Guarantee. What this means is that we will get your payments to you by the 10th business day of the month when the tenant pays rent by the first of the month. If we can’t do this for you then we didn’t do our job and we will pay that month’s management fee back to you.
Happiness Guarantee
If for any reason you are not completely happy with our services and want to leave us, you may cancel your property management agreement with 30-days notice. The notice period allows for a smooth and professional transition for the tenant, wrap-up of any outstanding maintenance items and invoices, and assignment of the lease and security deposit funds properly over to you so we transfer a happy tenant.
Our conditions for the Happiness Guarantee
- A 30-day notice is provided by property owner which allows us time to resolve any outstanding service issues and prepare accounts and files for transfer.
- All outstanding invoices have been paid to vendors.
- We want the cancellation process to go smoothly for you and your tenant.
Pet Guarantee
Most property owners are unaware that there are benefits of having a pet-friendly property and that their real estate investment can become more valuable when tenants are permitted to bring pets.
- More high-quality applicants – Over 70% of renters are pet owners. Opening up your rental to the majority of the market significantly raises the number of applicants for a property.
- Longer occupancy period – Renters with pets have longer tenancy periods which means less turnover and few related owner expenses.
- Happier Tenants – Studies have shown that owning a pet can improve happiness, well-being, and health.
- Increased rental rates – A property that allows tenants to bring their pets rents at a higher cost. Not only does making your property pet-friendly increase the profitability of your investment but you will likely end up with happier tenant overall which makes life better for everyone.
Leasing Guarantee
You should never have to pay twice for us to find a new tenant for your property. Our leasing guarantee states that if a tenant does not fulfill at least 9 months of a lease term, we will find a new tenant for free.
The conditions for our Leasing Guarantee:
- We must have placed the tenants. This guarantee does not cover tenants we’ve taken over or inherited.
- The guarantee does not cover tenants who have to break a lease due to military orders, military transfers, or any other legal cancellation of a lease.
- The guarantee does not cover any tenants who have abided by the lease terms by paying appropriate lease breaking fees.
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