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, showing and finding quality tenants. 

• Routine Maintenance and Repair Coordination Fee: None

  • • We do not charge a fee for coordinating maintenance/repair requests.

• Lease Renewal Fee: None

• 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.

Fee Comparison

No More Worries LLC vs. Typical Industry Pricing

Fee Type

No More Worries LLC

Typical Industry Range

What It Covers

Monthly Management Fee

5% of collected rent

8–12% of monthly rent

Rent collection, maintenance coordination, tenant communication, accounting, day‑to‑day management

Leasing / Tenant Placement Fee

50% of first month’s rent

50–100% of first month’s rent

Marketing, showings, tenant screening, lease preparation, move‑in inspection

Lease Renewal Fee

$0

$100–$300 or 10–25% of monthly rent

Market rent analysis, renewal paperwork, tenant communication, updated inspections

Maintenance Coordination Fee

$0

10–15% markup on vendor invoices

Scheduling vendors, coordinating repairs, quality checks, follow‑up

Eviction Fee

$0 (covers court/legal fees up to $200)

$200–$500 + court costs

Filing paperwork, court coordination, attorney communication, lockout management

Rent‑Ready / Turnover Fee

Varies by property condition

$100–$300+

Cleaning, repairs, painting, inspection, preparing unit for new tenant

Advertising / Marketing Fee

Included in leasing fee

$50–$200 (sometimes included)

Paid ads, premium listings, photography, online marketing

Late Fees / Returned Check Fees

Kept by manager

Typically kept by manager

Processing late payments, handling NSF fees, enforcing lease terms

Application Fees

Kept by manager

Typically kept by manager

Screening costs: credit, background, income, rental history

Maintenance Reserve

$250 held in trust

$200–$500 held in trust

Emergency repairs, small maintenance items

Account Setup / Onboarding Fee

$0

$100–$300

Initial inspection, account creation, software setup, tenant transition

Inspection Fees

$0

$75–$150 per inspection

Move‑in, move‑out, annual or semi‑annual inspections

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