Property Management Fees are calculated as a percentage of the gross rents per month and the number of units we manage for each client. There is a minimum charge of $50 per month per unit.
In addition, there is a one time tenant finding fee of 65% of the first month’s rent. There is a minimum tenant finding fee of $500 per unit. This cost covers all expenses related to advertising, screening, and lease preparation/signing. If the tenant continues to rent the unit for year after year, you will not incur this cost a second time. Once a tenant vacates the property, this fee will apply again for finding a new tenant.
If the unit is vacant, you will not be charged. This guarantees you that the only time you will pay a monthly management fee to us will be when you have a tenant under lease to pay rent. Maintenance issues are handled quickly and competently. If it is a smaller or quick fix, we will more often than not take care of the problem on the spot, free of charge. If it requires more substantial work to fix the problem, we will schedule a date to repair with tenant, providing notice(s) as required.
1 – 8 units 7% of total rental income
9 – 15 units 6% of total rental income
Should you have more units or require less services, please contact us for a custom quote.