The best way to rent your property
Faster per-bedroom leasing, increased revenue, and longer lease terms
Per-bedroom leasing: How it works
Alcove Leasing
Traditional Leasing
Earnings
97%
• 97% rental income potential with Alcove
83%
• 83% rental income potential with traditional leasing
Leasing Period
• As soon as one tenant wants to move in, a bedroom lease is signed. The average lease length is 12 months.
• Property managers wait 15-60 days to secure a tenant for the landlord.
Lease Terms
• Alcove works with property managers to secure consecutive bedroom leases. We guarantee the bedroom rent in case of tenant default.
• The majority of leases are only one year long. Property manager is responsible for rent collection in case of tenant default.
Operational Management
• Alcove takes care of furniture set up, utilities, wifi, and cleaning. These costs are charged entirely to tenants.
• Property manager negotiates with tenant on management obligations.
Alcove Leasing
97%
• 97% rental income potential with Alcove
• As soon as one tenant wants to move in, a bedroom lease is signed. The average lease length is 12 months.
• Alcove works with property managers to secure consecutive bedroom leases. We guarantee the bedroom rent in case of tenant default.
• Alcove takes care of furniture set up, utilities, wifi, and cleaning. These costs are charged entirely to tenants.
Traditional Leasing
83%
• 83% rental income potential with traditional leasing
• Property managers wait 15-60 days to secure a tenant for the landlord.
• The majority of leases are only one year long. Property manager is responsible for rent collection in case of tenant default.
• Property manager negotiates with tenant on management obligations.
Lease Comparison
The average rental takes 26 days to fill on Alcove
Alcove Home Example*: 410 E Geer St.
Alcove Leasing
Traditional Leasing
Home Available
List on Alcove
List on Zillow, Trulia, etc.
Day 7
$1650/month/mo
$0 (Vacant)
Day 21
$2400+/month/mo
$0 (Vacant)
Day 60
$2400+/month/mo
$2000/month/mo
*Actual Alcove home