FAQ
Frequently asked questions
Quick answers for buyers, sellers, rental owners, tenants and Realtors & brokers. Don't see your question? Call 205-821-9683.
Buying a home
Do you help people buy and sell homes in Greater Birmingham?
Yes. Srianil Peddi, Qualifying Broker of AKS Realty Group, helps clients buy, sell and invest across Greater Birmingham. He has lived in Birmingham for over 20 years and works with clients in English, Telugu and Hindi.
What are the steps to buying a home?
Get pre-approved so you know your budget, agree on your needs and wants, tour homes without rushing, review comparable sales and negotiate, have a licensed inspector inspect the home, then work with your lender and closing attorney through the final walk-through and closing.
Is the buyer consultation really free?
Yes. When you buy with Srianil Peddi, your search starts with a free, in-person consultation. He learns what you need in your next home and walks you through financing, offers, inspection and closing before you tour. Call 205-821-9683 or book online to schedule it.
Should I get pre-approved before I look at homes?
Yes. A pre-approval tells you what you can afford and shows sellers you are ready to buy. Srianil Peddi can refer you to lenders so you can get your financing started; you are free to choose any lender. Then you can tour homes in your price range without rushing.
Can I search homes for sale on your website?
Yes. Our Home Search page shows live listings from the Greater Alabama MLS. Search by area and price, then contact Srianil Peddi to tour any home you like. The search includes the newest listings in Hoover, Pelham and Greater Birmingham, and you can also use the quick search on our Buy page.
Do you help buyers outside Greater Birmingham?
Yes. Srianil Peddi helps buyers anywhere in Alabama through AKS Realty Group, a licensed Alabama brokerage, with deep local expertise in Hoover and Greater Birmingham. He works with clients in English, Telugu and Hindi, and every search starts with a free, in-person buyer consultation.
Can you help me buy an investment or rental property?
Yes. Srianil Peddi helps investors buy, and AKS Realty Group can manage the rental after closing in the areas where it currently manages rental homes. Ask about expected rents in the areas you are considering. Repairs on homes AKS Realty Group manages are never marked up: you pay exactly what the vendor charges.
Can you help me evaluate an investment property before I buy?
Yes. Srianil Peddi, an investor himself, helps you review a property's rent potential, repair needs and likely expenses during your due diligence period. The decision to buy is always yours. You can also estimate cash flow with our free rental calculator before you make an offer.
Selling a home
How do you decide on a list price?
Srianil Peddi reviews comparable sold properties along with the home's location and condition to recommend a list price. Pricing is the most important step in a sale: set too low and you lose money, set too high and the home may not sell. Request a free home valuation to start.
Should I sell my home or rent it out?
Srianil Peddi lists homes for sale and AKS Realty Group manages rentals. Request a free home valuation and a free rental analysis, and Srianil will help you compare selling now with keeping the home as a rental. Repairs on rentals AKS Realty Group manages are never marked up.
How do I find out what my home is worth?
Start with a free home valuation. Srianil Peddi reviews comparable sold homes and your home's location and condition, sends you a written recommended price range within 12 to 24 hours, then meets with you in person to go over it. It is not an automated estimate, and there is no obligation.
Should I make repairs or updates before I list?
It depends on the home and the market. A well-presented home tends to sell faster, but not every update pays for itself. Srianil Peddi advises on updates and presentation so you can decide what is worth doing before you list.
Where will my home be marketed?
Your home is listed on the MLS so Realtors and brokers across the area, and the home search sites that use MLS data, can show it to their buyers. Srianil also promotes your home on AKS Realty Group's social media channels to reach buyers where they spend time online.
What happens if I get more than one offer?
Srianil Peddi lays the offers side by side, including price, financing, contingencies and closing dates, so you can choose the one that fits your goals. You make the final decision. He then coordinates with the buyer's agent, lender and closing attorney, as your contract terms require, through closing.
Can I keep my home as a rental instead of selling?
Yes. Request a free home valuation and a free rental analysis, and Srianil Peddi will help you compare selling now with renting the home out. If you rent it, AKS Realty Group can manage it in the areas we serve.
Rental owners and landlords
Do you mark up repairs for Birmingham-area rentals?
No. AKS Realty Group does not mark up repairs. We work with multiple vendors to get good pricing, and you are charged exactly what the vendor charges. When a repair comes up, we look for the root cause and recommend long-term solutions over quick patches, even when the lasting fix costs more upfront, and you make the final call. Emergency maintenance is handled as a high priority for the safety of the tenant and property, and we notify you.
How do you screen tenants?
Our goal is to find good tenants. Every applicant is reviewed against the same written standards: income, credit history, past rentals, eviction and criminal records.See our rental qualifications.
When do owners get paid and see statements?
We process rent proceeds and owner statements by the 15th of every month. If there is ever a delay, we let you know upfront. Owners can review transactions, vendor invoices, and monthly and annual reports anytime in the owner portal, and we respond to owner questions within 12 to 24 hours.
Where does AKS Realty Group manage rental homes?
AKS Realty Group currently manages rental homes in Hoover, Pelham, Alabaster, Helena, Vestavia Hills, Mountain Brook, Trussville, Chelsea, Calera, Homewood and the Lakeshore/UAB area, and is expanding to more areas. Not sure whether your home is in one of these areas? Call 205-821-9683 or request a free rental analysis.
How do I get started with property management?
Request a free rental analysis or call 205-821-9683. We review your home and the local rental market, recommend a rent range and explain our management agreement before you decide. Once you sign, we prepare and market the home, screen applicants and manage it with no markup on repairs.
How much does property management cost?
Pricing depends on the property and the services you need. Request a free rental analysis and we will walk you through it. Repairs have no markup: you pay exactly what the vendor charges. Rent proceeds and owner statements are processed by the 15th of every month.
Who handles maintenance and emergencies?
Tenants submit maintenance requests through the tenant portal. Emergency repairs are treated as our top priority, and we get a qualified vendor out as quickly as possible to protect the tenant and the property. We let you know what happened and what was done.
How much can I collect as a security deposit in Alabama?
Under the Alabama Uniform Residential Landlord and Tenant Act (Code of Alabama Section 35-9A-201), a security deposit generally cannot exceed one month's rent, with exceptions for pets, changes to the premises or increased liability risks. The deposit, or an itemized list of deductions, must be returned within 60 days after the tenancy ends and the tenant moves out.
Do you manage Airbnb or short-term rentals?
Yes. Along with long-term rentals, AKS Realty Group manages short-term rentals such as Airbnbs, so you can earn from your property without handling it yourself. Call 205-821-9683 or send us a message to talk through your property and what you need.
Do you follow fair housing laws?
Yes. We follow all federal, state and local fair housing laws. Every applicant is reviewed against the same written standards: income, credit history, past rentals, eviction and criminal records.See our rental qualifications.
Tenants and residents
How do I apply for a rental home?
See our available homes on the Rentals page, then call or text 205-821-9683 to schedule a showing. Apply online from the home's listing. Every applicant is reviewed against the same written standards. We reply to questions within 12 to 24 hours, including weekends and holidays.See our rental qualifications.
What do you check when I apply?
We review income, credit history, past rentals, eviction records and criminal background. Every applicant is reviewed against the same written standards. We follow all federal, state and local fair housing laws.See our rental qualifications.
How do I pay rent and request repairs?
Residents pay rent online and submit maintenance requests through the tenant portal. For an emergency, such as a water leak or no heat, call us right away; emergency repairs are handled as our top priority. For other questions, we reply within 12 to 24 hours, including weekends and holidays.
When will I get my security deposit back?
Under Alabama law (Code of Alabama Section 35-9A-201), the deposit, or an itemized list of any deductions, is due within 60 days after the lease ends and you move out. Please give us your forwarding address in writing when you move.
Realtors and brokers at other brokerages
Will AKS Realty Group try to keep my client for sales?
No. We manage your investor client's rental and send the client back to you when they are ready to buy or sell. Your client relationship stays yours. To refer an investor client, visit our Realtor Referrals page or call 205-821-9683, and we will take it from there.
What does my client get?
A free rental analysis, tenant screening, rent collection, top-priority handling of emergency repairs, regular inspections, an online owner portal with monthly statements, and no markup on repairs. We keep you posted along the way, and your client stays your client for future buying and selling.
Can I refer a client who is still shopping for an investment property?
Yes. You help them buy; once they close, we can manage the rental. If they want to talk about expected rents in our management areas first, we are glad to help. Srianil Peddi, an investor himself, can help them look at a property's rental potential during due diligence, and you stay their agent for the purchase.
How do I refer a client?
Use the referral form on this page or call 205-821-9683. We start with a conversation with you, reach out to your client when you are ready, and keep you posted along the way. We reply within 12 to 24 hours, including weekends and holidays.
Answers are general information, not legal advice. Alabama security deposit rules: Code of Alabama Section 35-9A-201.
Still have a question?
Talk with a local broker about buying, selling or renting out your home.