Can You Explain Your Management And Leasing Fee And When I Will Be Charged?

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Sure! This is easy to explain. We do not hide any fees as we work hard for what we charge.

We charge a 10% monthly management fee on every single family home. This fee does not start until the tenant moves in. Once the tenant moves in, the 10% fee will be charged. For example: if the home rents for $1200 per month, then the property management fee at 10% will cost $120.

Our tenant placement is only 75% of the first month’s rent when you sign up for our Full Property Management Services and 100% when we are providing tenant placement services only. For this fee, if you have signed up for Property Management, our agents will schedule with you to take photos, a possible video, walk through the home, put together an engaging property description inclusive of all pertinent details, place on the MLS, on our website and post to about 17 other websites. They will also handle all incoming inquiries, schedule appointments, personally show your property to potential tenants, review all applications, run background and credit checks, review rental and employment verifications, retrieve deposits and binders, make sure utilities are transferred prior to move in, provide property condition forms, supply all keys and walk the new tenant through the lease for signatures. All the while, keeping you informed as to the weekly status of your rental. Just leave all the work to your agent!

For example: If your home is advertised for $1550 and it rents (with your approval) for $1500, then the fee for tenant placement would be $1125.00. Please note, since this fee is only applied if we perform (rent your property), you will never have to write us a check. The tenant will put down a deposit and a first-month rental binder for your home. Once the tenant moves in, that first month’s rental binder becomes the fee charged. You will see it come in on your monthly statement as a fee.

If you want Tenant Placement only, then our agents will schedule with you to take photos, a possible video, walk through the home, put together an engaging property description inclusive of all pertinent details, place on the MLS, on our website and post to about 17 other websites. They will also handle all incoming inquiries, schedule appointments, personally show your property to potential tenants, review all applications, run background and credit checks, review rental and employment verifications, retrieve deposits and binders, make sure utilities are transferred prior to move in and keep you informed as to the move in date. They will also have a packet in the office ready and waiting for you to pick up with pertinent tenant information including the deposit check and a copy of the lease.

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