Monthly Management Fee |
7% to 9% of Rents Collected
|
Based on number of units: 1-2 Units: 9% for all units 3-9 Units: 8% for all units 10+ Units: 7% for all units
|
Up-Front Fees |
$0 |
Most firms charge you "reserve" fees up front. We do charge a reserve, but we collect it from the first month's rent, so you don't pay into your reserve until the home is leased. |
Vacancy Fees |
$0 |
If the property is vacant, we don’t charge you a fee to maintain it. |
Leasing Fee (new tenant) |
50% of 1 month’s rent |
Many firms charge up to 100% |
Lease Renewals (existing tenant) |
10% of 1 month’s rent |
Many firms charge up to 25% |
Cost of Repair Coordination |
FREE |
Some companies charge 3% – 7% of the repair cost |
Monthly Statements, Year-End Tax Statements |
Yes, and Free |
These services vary by company. A few charge for this, most don’t |
Direct Deposit of Net Rents into Owner’s Account |
Yes, and Free |
Some firms won’t offer direct deposit, or will offer it and charge extra. |
Evictions |
FREE |
Many firms charge for this. We pass through the costs but don’t charge extra |
Late Fees Collected from Tenants |
We split 50/50 with owner |
Many firms keep 100% of the late fees |
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