Property Management - Accounting and Fees
What We Charge and Why
We only charge two fees, the lease up fee and the monthly management fee for when the property is occupied. Below is a breakdown of other services we provide but do not charge you for.
- Reletting Fee
- Insurance Representation in the case of a claim
- Oversee any repairs
Lease up Fee: 50% of one month’s rent.
That includes any commission to be paid to an agent that bring sus a qualified applicant, and all advertising of your home. Please note that you are responsible for the cost of rekeying the home.
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Management Fee: Competitive rates at 10% or less
We maintain accurate records for your review. Every month, your funds are automatically initiated into your back account between the 6th and 10th of the month. At the same time you will have access to our online Owner Portal along with any invoices for any repairs. During the year, you will have online access to all of your statements plus any photos, property reports and work orders. At the end of each year you will receive a 1099 for tax purposes plus year end accounting. Multiple Unit Discounts are available.
Optional Bi-Annual Fee
Though not required it is highly recommended that your property be inspected regularly by a third party company to evaluate the operational standards of the mechanical, plumbing and general upkeep of the home. We have utilized Onsite Pros to accomplish this task. Their reports are thorough containing information such as if there are leaks occurring on the property which could lead to other damage, a/c filter cleanliness, condition of flooring, walls and electrical and the overall condition of the home. This report includes photos and is delivered in a PDF format. The cost is $65 per inspection.
How do we do it?
You may wonder how we can deliver all of these services at the rates we charge. The reason we can is that we have systems and procedures in place for the properties we manage. We also focus on specific areas of town and specific types of properties. By focusing on homes in these areas, we know these homes generally will be in higher demand, allowing us to place better tenants. We believe in our partnership being a long term relationship and are vested in helping you with your property management needs.