THE ONLY ONGOING
FEE: JUST
9% ...of rent collected
for single family homes. *Note: if we don't collect
the rent, you don't pay a fee. There are other
fees, see listed below, for maintenance,
eviction costs and if property is sold by us on
owners behalf. Plus; Multi-plex units earn a big
discount, see that chart below!
Leasing Fee -
25% of 1st months rent. Used to offset
accounting and advertising costs, as hundreds of
dollars are spent each month to manage
and advertise our owner's homes for
rent with various advertising media,
vendors and employee time spent with showings.
Reserve - Owners
Trust Fund - $200/basic
These
funds are generally used for Emergency
Maintenance needs, and to pay
day-to-day operating expenses, making
sure that services are performed
promptly and bills are paid in a
timely manner. A reserve of $200-$500
is normal for single family
properties. Higher funding for
Multi-family required depending on
number of units in the complex.
Lease Renewal Fee
- No
Fee! Many
PM companies charge for renewal of an existing
tenants lease. We are also now encouraging month to
month rental of properties as a recommended method to
better control tenant activities, ease of the eviction
process if needed and a way to raise rent if needed
without having to wait a year.
Vacant Property
Fee - No Fee! Some
PM companies charge the owners when a property is
vacant as though it was occupied, with the idea that
they have to still monitor it and take time to check
on it and work on advertising it etc. - Our thought is
that if you are not getting paid, neither should we.
Notices & Legal
Doc Fees - No Fee! *Note: If a tenant
does NOT pay these costs, as happens sometimes
with an eviction, the owner must pay these
costs, but these go to collection normally.
Includes Process Server Fees etc.
Annual
Administrative Fee
- No Fee!
A Year
end charge of $25.00 is assessed by
many companies to each property
to cover preparation of annual
statement and records.
Property
Inspection Fee
- No Fee! Some
Inspections can be very
expensive. We do a photo and
walk through inspection
annually, plus on-spot when
asked or if seen as needed and
drive-by reviews.
Eviction Costs/Fees
- $35
to $900. Estimated average
costs/fees for serving notices, Attorney fees,
court appearances, evictions, etc. Process Servers
and other hourly rates are typically $35-$50 while a
fee for the whole eviction process usually comes in
between $200-$1,100 (plus court costs). We use
Landlord Services, Inc. as our eviction service.
Early
Cancelation Fee
- No
Fee!* It's
that simple. We just need a 30 day notice in
writing. *We give you a way out if the rental is
vacant with no approved applicant, then there is
no fee. *EXCEPTION: If we have
rented the home then there is a $500 cancelation
fee if canceled prior to our one year
agreement.
Unpaid
Invoice Fee -
1.5% monthly. This
is a small service charge
(typically1.5%) that is added each
month to all unpaid invoices that
are past due.
Bill Payment Fee - No Fee!
Fee
for making owner payments
such as mortgage, insurance,
home owners association
dues, etc. We do not charge
a separate fee, some others
don't even provide this
service.
Sales Commission if
Property is Sold = 1.9% to 6% -
We only
charge 1.9% when sold to current tenants
and we act as a Dual Agency with no other
Agents to pay. There may also be
a 3% fee charged if there is a Buyers
Agent for a total of 4.9% when another agent
is involved, such as when a buyer
is brought to us by
another Brokerage or if the tenant wishes
to have their own Attorney or Buyers Agent for
representation. Notice: when
property is marketed and/or sold by BCI
Properties, LLC or its agents as a Short Sale
or other than to a tenant or buyer referred by
the seller, then a standard 6%
Broker Selling Fee shall apply which must be
split with a Buyers Agent. We do all marketing
with no fee or costs if their is no sale.
STANDARD MAINTENANCE FUNDING -
Emergency
Maintenance Fund
-
A basic $200 fund is
setup in an Owners Trust Fund. This is needed for us to be
on call for basic maintenance and emergency repairs etc.
to draw from for emergency maintenance or repair work,
which we setup and manage. *Notice; any repairs or
maintenance of your property which exceeds $200 or
more will be approved by you the owner prior to any
work being done for repairs. NOTICE: If
we cannot contact an owner for approval in a
timely manner for a true emergency, we will use our
best judgement and may pay such costs ourselves when
health and safety are involved, but will invoice owner or
we may repay ourselves per the Property Management
Contract. At all times we use caution and follow
the law. - The option is that you may do your own
maintenance and be on call if tenants have any issues, in
which case we would not need the funds. - You may also ask
us to take the $200 needed from a tenants 1st rent payment
if you like. Please feel free to call us with any
questions of course.., anytime.
PAYING FEES; Emergency Maintenance Funding may be made in several ways. We can simply take this amount from the 1st month tenant rent. Or; you may pay in person or by mail with a Cashiers Check, Money Order or Personal Check.
Four to twelve units/doors = 8% fee - Example: 4-plex is 4 units.
Thirteen to 30 units = 7% fee
31 + units/doors = Dependant on contract terms.
___________________________________________________
RTO -
Rent to Own programs are same as FM
/ Full Management, with the exception that we
act as your sales agent as well and will
negotiate on your behalf with the tenant to
purchase your home, normally within a one year
period. Please note: we have a Fiduciary
obligation to look out for your best interests
as your agent and we will recommend to all
renters/tenants that they have all documents
reviewed by their own Attorney at their expense.
We will ask
for a 1.9% sales commission or fee if no other
agent is involved that will be all we receive.
This is upon closing of a sale only and will
receive no fee or commission on the sale if it
does not materialize. You will have the right
to accept or deny any and all such offers
naturally. There will be some additional
Escrow fees you will need to pay, roughly
about 2% total which includes the 1.78% tax.
More details on request. -
NOTICE: A full 6%
commission is charged when the sale is a
Short Sale or sold to a buyer who is not a tenant
and/or is not referred to BCI by the owner of the
property.
__________________________________________________________________________
We are Syndicated or Posted through the following
companies*...and others:
Craigslist.org
RentalAds.com
Backpage.com
CityCribs.com
Clickable Directories, Inc.
CLR Search
Cyberhomes
eBay
Google Base
Homescape.com
HotPads.com
House.com
LiveDeal.com
New York Times
Oodle
Point2 Homes
The Housing Pages
Trulia
vast.com
VideoHomes.com
Yahoo! Classifieds
Zillow
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Office: (253) 531-1010. WE APPRECIATE YOUR BUSINESS... THANK YOU!
It is possible, although unlikely,
that our rates/prices/fees may change or be modified from
time to time
and this rate sheet may not be updated before you review it.
Plus there may be other fees or costs to you
that are not listed here which are optional or not a common
fee. So to avoid any mis-understandings please
double check by making a phone call to ask if rates have
changed. Your contract with us will be the