In an effort to make what can be a complicated process a bit more simple, we have 3 main fees that we charge our homeowners.
1. Monthly Management Fee: $99 - Regardless of the rental amount, we charge a flat $99 per month per home managed. *We do offer a multi-property discount*
2. Tenant Placement: 1/2 of a Full Month's Rent - Placing the tenant requires marketing, social media, tenant screening, employment verification, speaking with prior landlords, drafting the lease and getting it signed by all parties, etc.
Note: If the new tenant has a real estate agent representing them during the screening/application process, there will be an additional $200 charged to the homeowner.
3. Setup Fee (one-time): $199 - This is a one time fee charged to new clients. Even when you add more properties to your rental portfolio down the road, this fee will not be charged again.
NO FEES ARE COLLECTED UNTIL THE PROPERTY OWNER APPROVES A TENANT AND MOVE-IN FUNDS ARE COLLECTED.
That is basically it. Along the way, a rental property owner may accrue additional costs for locksmiths, repairs, evictions, etc.
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Designated Broker: Bryan Adams