THE ONLY ONGOING
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.
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.
- No Fee!
end charge of $25.00 is assessed by
many companies to each property
to cover preparation of annual
statement and records.
- 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
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.
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
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!
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
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 -
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.
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:
Clickable Directories, Inc.
New York Times
The Housing Pages
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