There are NO hidden fees and NO monies are due upfront. You do not pay a penny until your property is rented. We like to be upfront with you regarding our management fees!
Our management fees are simple and straightforward. We charge a one time fee ranging from 75% to 100% of the first month’s (1st) rent when establishing new tenancy and 10% monthly management fee. If your property is vacant, we don’t charge management fees until it is occupied. All the advertising and marketing is paid for out of our management fees so you’ll know that your property will be filled quickly and there won’t be any unexpected expenses.
LEASING AND MANAGING FEES
- 75%-100% of 1st month’s rent (one time Leasing Fee)
Leasing fees are for our services in connection with:
Arranging, placement, recording and administering advertising and signage.
Arranging, taking and saving photographs of your property.
Uploading photos and property information to the various Internet sites.
Arranging and conducting showing appointments with prospective tenants.
Keeping the property owner informed of showings and rental activity.
Administering lease applications and processing applications for tenancy.
Negotiating the terms of the lease with prospective renters.
Organizing the new lease agreement and processing items necessary for new residency.
Registration and activation of the tenant’s rental payment system.
10% of one Month’s Rent.
Management Fees are charged for the following services
Attending to daily telephone, email and fax inquiries.
Timely rent collection.
A property manager on call 24 hours a day, 7 days a week, 365 days a year.
Organizing keys for viewings, inspections and repair vendors.
Attending to payment of various property expenses.
Collection of late rent through various legal means.
Lease enforcement with tenants
Hand deliveries of notices to tenants as necessary.
Attending to correspondence.
Electronic funds transfer to your account
Filing evictions if necessary.
Attending court evictions if necessary.
Preparing monthly statements for property owners.
Preparing annual year end income and expense statements.
Liaison with home owner or condo associations if applicable.
Organizing utilities to be turned on and off when required.
Regular follow up with maintenance contractors.
Periodic visual inspections of the property to ensure lease compliance.
Processing notices to vacate or to renew a lease term.
Conducting move-in/move-out inspections
Maintaining a staff of highly skilled and trained professional property managers who answer our phones to conduct business during normal business hours.
Maintaining a professional office overhead with the latest technology and property management tools.
Encouraging management to retain existing tenants, thereby reducing property owner expenses and increasing income.
Avoiding vacancy as much as possible.
Preparation of proper lease renewal documentation.
Review of market rents to adjust rents on lease renewals.
Timely renewal notices to tenants.
- Tenant Procurement involves advertising,showing,finding and placing a well-qualified tenant in your property. Once a applicant is found, the lease documents will be prepared for your and the tenant’s execution. The first month’s rent will be collected, as well as a full month’s rent for security deposit. A fee equal to one (1) month’s rent will be charged to you for this service.