Property management fees, costs, rental manager expenses, costs to rent property. Rental management costs and fees explained.
 


RENTAL PROPERTY MANAGEMENT FEES & RATES
**See disclaimer.


 


 
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- Rental Application Information -

Office: (253) 324-9699. WE APPRECIATE YOUR BUSINESS... THANK YOU!

 
Our current Full Disclosure Fee Schedule:
 See disclaimer*.
Current Time: 4:54:54 PM
  1. THE ONLY UP FRONT FEE:  $75 Set-up fee for each new account!**
  2. THE ONLY REQUIRED ONGOING FEE:      .... JUST 8% ...of rent collected.
    *Note:
    if we don't collect the rent, you don't pay a fee.

  3. Optional Emergency Trust Fund - $200. This is needed if you want us to be on call for basic maintenance and emergency repairs etc. These funds will be deposited into a Trust Fund to draw from for maintenance and emergencies, which we setup and manage. *Notice; any repairs or maintenance of your property which exceeds $200 must be approved by you the owner prior to any work being done for repairs. If its a true emergency and we cannot contact you for approval we will use our best judgement, 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.

    PAYING THE FEES; Payments may be made in several ways. You may pay in person or by mail with a Cashiers Check, Money Order or Personal Check. You may also pay by credit card online via PayPal.com if you have downloaded our Services Contract and sent it back to us signed and dated.


     - Please calculate what your fee's will be based on the basic $275 as seen above and add any other monies as needed for cleanup, repairs requested etc... and simply go to Paypal.com to pay us. Our special email for PayPal only is: office at  buybci.com  with no spaces and use the @ of course. I showed it this odd way to fool the spammers and autobot hackers. 

  4. Leasing Fee - None. Generally used to offset advertising costs as hundred of dollars are spent each month to advertise our client/owner's homes for rent with various media vendors. We used to get 50% of 1st months rent to help cover ad costs and the 25% commissions paid to Licensed Real Estate Agents who bring us a tenant from the MLS Listing Database. Now optional*.

  5. Lease Renewal Fee - None. 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.

  6. Vacant Property Fee - None. 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.

  7. Late Fees - None are charged to owner, naturally. Collecting late fees many times requires us to send out a collection agent who we must pay to collect late rents. We are often required to work late hours and on Sunday to collect late fees, such as after hour phone calls to swing-shift workers at 11pm or even 4am..., when they are at home. We also personally make Manager visits to knock on the tenants door if needed to ask for payments, at times after hours or even on weekends. Its a lot of work when tenants don't pay, it does NOT cost you the owner. We charge the Late Fee for our extra time and costs to the tenant, which is kept by us and not paid to you.

  8. Lease Services Fee - None. You will actually receive more money each month with our plan and less up front cost! Part of our up-front cost is the cost of listing your property on the MLS and paying a SOC fee to other real estate agents who may bring their client to rent your property, not someone else's rental, because they are paid a fee. This optional fee is typically 25% to 50% of the 1st months rent. This is now an MLS option that is offered to owners on our contract, but is not required.

  9. NSF fees - None are charged back to owner, tenants pay on all returned bad checks, including what our Bank charges us as a fee for bounced checks, we charge back to the tenant. Owners do not have to pay these bounced check charges and fees of course. 

  10. Notices and Process Server Fees - None. Tenants are expected to pay these fees and none are charged to owner, unless tenant does not pay as happens sometimes with an eviction. Examples of Notices: 3-day Notice to Pay or Quit, Eviction & Violation Notice/fees etc...which are charged to the renter and often delivered by a Process Server or Agent of Landlord Solutions Inc of Tacoma. Property Owners also do not receive these fees if and when collected from tenants. 


MULTIPLE PROPERTIES:  Note, these do not need to be in one place together.
    • Four to twelve units = 7% fee

    • Thirteen to 32 units = 6% fee

    • 33 units & over = 5% fee ...our lowest rate.

     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. 

    ADVERTISING RATES: We advertise your home, apartment, condo/flat/loft, farm and commercial properties daily....until they are rented at NO COST to you via the internet/web on our own website and others. Plus we are part of the Ft. Lewis & McChord AFB "Relocation Services" network. Additionally, we are Syndicated on the companies listed below and ....., you have other options.


    *Options:

    • You may also pay an average of $100+ for local TNT newspaper ads if you so choose for a two week run...., if you wish to try to speed things up.

    • On your approval and request, we will also list your property on the NWMLS online if you wish, if we do that we will offer 25% to 50% of the 1st months rent to the agent who brings us a qualified renter who rents your property. If you choose this option, it will be debited from the 1st month rent of your tenant and you are not asked to pay it out of pocket.

    We are Syndicated through the following companies...and more:
      
     Backpage.com
     CityCribs.com
     Clickable Directories, Inc.
     CLR Search
     craigslist
     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



    Office: (253) 324-9699. WE APPRECIATE YOUR BUSINESS... THANK YOU!
     
     
    **Please note that this is a guide to our basic fees and rates. Your contract will prevail and over ride any terms, conditions, fees or rates mentioned herein as some properties may be unusual or conditions may warrant an update in the contract that you will sign. Our current contract will be posted on a link to the left or call us anytime with questions.

    *Disclaimer:

    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

    actual only binding agreement.