Fee Structure (Student and Long Term Rentals)
Upfront/Signing Fees:
Rent Ready Fee: This is our only variable Fee determined based on the initial condition of the property and what it will cost to get it ready to rent (home cleaning, yard maintenance, trash removal, etc).
Fixed Fees:
Management Fee: 5% of Gross "Collected" Monthly Rent.
We only get paid if you get paid.
Leasing Fee: 50% of First Month's Rent for New Tenants.
This is to help recover the cost of marketing and finding quality tenants.
Routine Maintenance and Repair Coordination Fee: 0
We do not charge a fee for coordinating maintenance/repair requests.
Lease Renewal Fee: An additional 20% of Monthly Rent for annual Lease Renewals
Eviction Fee: We pride ourselves with our tenant screening so we agree to cover all court, processing and legal fees up to $300 in the case of an eviction.
Other Fees: All late rent charges, returned check fees, and application fees paid by tenants under any lease shall be kept by the Manager to offset expenses incurred in enforcing the respective provisions.
Supervision of Restoration/Improvements: We do offer our management/coordinating expertise for 5% of total project cost on any capital improvements exceeding $1000 made to the premises during the term of this agreement. All construction activities shall be scheduled, coordinated, and supervised by the Manager on behalf of the Owner.