Property Management

Administrative Fee to Start Account: $300

• Administrative fee to re-rent property when vacated and rent to new tenant: $300
• Renew annual lease to current tenant: $100
• Property Management fee for properties over $1001/mo and within 25 miles of our Office: 8% of monthly rent.
• Property Management fee for properties under $1000/mo or more than 25 miles from Office: 10% of monthly rent
• Referral fee to real estate agent who secures tenant: $200-$400, determined by monthly rent. Paid by owner
• Repair fund initial deposit and balance kept at $300.00 per property
• Repair under $300 requires no contact with owner. Repairs over $300 requires owner approval.
• When repair is made, amount is deducted from owner’s payment to replenish repair fund.
• Tenants screening – credit, employment, rent history, criminal background check
• Collect rents, inspections, call contractors for repairs, issue late notices, coordinate evictions.
• Owner’s monthly payment sent direct deposit/ACH transaction to owner’s account by 10th of month.
• Expect 1-3 days from payment initiation until payment is available in owner’s account.
• Owner to receive monthly and annual accounting report.
• Highly recommended: home warranty on property for ease of repairs
• Highly recommended: neutral paint throughout home.
• Maintenance checks conducted on property
• Collect and pay city sales tax on behalf of owner

Tenants:

• $40 per adult application fee
• Earnest deposit is equal to ½ month’s rent to hold property and is non-refundable
• Security deposit and 1st month’s Rent due at Move-in, less earnest deposit
• $250 per pet required for pet deposit, if pets are allowed.
• Rent paid online via Appfolio or money order or cashier’s check. No checks, no mailed rents.
• Tenants responsible for minor repairs $50 or less.