Fees
Turn-Key Management
There are NO hidden fees and NO monies are due upfront. You do not pay a penny until your property is rented and the monthly management rates decrease with time until a well-qualified tenant is placed in your property. If your property is rented within 1 – 60 days of listing the rate is 10%, 60-120 days the rate is 9% and 121 days or longer the rate is 8%.
Discounted monthly rates are offered at the following:
- Clients with 2 or 3 properties start at a rate of 9% (not 10%) per month which can respectively decrease to 8% per month if the vacancy time exceeds 121 days or longer for a specific property.
- Clients with 4 properties or more receive a flat rate of 8% per month
The cost associated with advertising your property is recouped from the Finder’s Fee (also known as a Leasing Fee) which is assessed at the beginning of the lease term and is equal to 50% of one months rent. Additionally, there is a one time $100 set-up charge per property.
Tenant Procurement
Tenant Procurement involves advertising, showing, finding and placing a well-qualified tenant in your property. Once a qualified applicant is found, the lease documents will be prepared for your and the tenant’s execution. The first month’s rent will be collected (prorated if a partial month), as well as a full security deposit (one month’s rent). A fee equal to one (1) month’s rent will be charged to you for this service. This fee will be deducted from the collected rent and you will be billed for the difference if partial rent is collected. The tenant’s security deposit is released to you to hold for the lease term. There is a one-time $325 marketing fee charge for this service which is paid at contract signing.
