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Fee Chart

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PROPERTY MANAGEMENT FEE CHART –
No Hidden Fees!

1. Set-up fee
NO FEE!
Many companies charge a setup fee. We do not.

2. Management Fee*
Note: $50 minimum Fee.
4-9 Rental Units…
10-30 rentals………
30 + rental units/doors….
10%/1yr
 
8%
7%
5%
If we do not collect the rent, you do not pay a fee!
 
These fees are for services shown in this contract.
We are the only PM company that discloses all of our fees, we have no hidden fees.

3. Lease up Fee
50%
1st month only.

 
 
 
 
1st month for new rental contracts only – not Renewals. Helps offset Advertising & overhead costs, as Thousands of dollars a month are spent for overhead & paying Realtors an MLS Fee to bring us a tenant. Applies to first full month of rent, in case of a pro-rated month. If pro-rated, fee shall apply to part of 2nd mo.

4. Emergency Trust Fund
*This is owners money, held in a Trust Account.
$200
Minimum
 
 
These funds are for Emergency Maintenance needs, and can be used to pay day-to-day operating expenses if needed for an owners benefit. Multi-family units are negotiable.

5. Lease Renewal
NO FEE!
For existing tenants who want to stay, NO FEE to owners.

6. Vacant Property
Maintenance Fee
NO FEE!
 
 
 
 
We do not charge a fee to manage a vacant property. Option: if owner wishes us to cut the grass as needed and keep the place clean while vacant, then there is a basic $100 minimum monthly fee while vacant, contingent on review of needs and owner approval.

7. Notices and Legal Docs.
NO FEE!
 
 
 
 
We do not charge a fee to manage a vacant property. Option: if owner wishes us to cut the grass as needed and keep the place clean while vacant, then there is a basic $100 minimum monthly fee while vacant, contingent on review of needs and owner approval.

8. NSF fees, late notice & miscellaneous fees.
NO FEE!
 
 
 
These are fees which BCI has charged to tenants. Owners must pay these fees only if tenants do not pay as expected, but owners never pay late fees, these are charged to tenants.

9. Annual Administration
$125
 
 
A year end fee is assessed to help cover costs of the preparation of annual year-end statements, rent-rolls, 1099 Federal Tax form and annual review of entire account

10. Property Inspections
*May be done by a 3rd party, at no added cost to owners!
NO FEE!
 
 
We schedule a photo inspection with written report at 180 days post occupancy, plus drive-by inspections during the year which can trigger a spot Inspection. FREE SERVICE!

11. Eviction Costs
*We attempt to negotiate with tenants first to get them out and save owners money.
Costs:
 
 
 
 
Fees for the eviction process can cost from $200-$900 as an estimated average with court costs, Attorney Fees and management fees. Owners must pay $500 deposit at the time of Eviction inception, with refund later if and when collected from tenant..

12. Cancellation Fee
*May be done by a 3rd party, at no added cost to owners!
NO FEE!
 
 
 
*EXCEPTION:
See section below or our Owner Contract for details, such as if a tenant has been found and owner terminates there may be a fee.

13. Unpaid Invoice fee
*May be done by a 3rd party, at no added cost to owners!
NO FEE!
 
 
For unpaid owner invoices that are past due. Money owed by owner which has gone unpaid to BCI, such as maintenance costs.

14. Bill payment fee
*May be done by a 3rd party, at no added cost to owners!
NO FEE!
 
 
 
Regarding payment of mortgage, insurance, HOA dues, etc. We do not charge a separate fee as some do; many others don’t even provide this service. Hard costs are passed on to owner.

15. Maintenance/Repairs
*May be done by a 3rd party, at no added cost to owners!
NO FEE!
 
 
 
When repairs or maintenance is needed, BCI is “hands on” with supervision of the task needed. Owners do not pay BCI a fee, but do pay retail costs. See Section in our Owner Contract.