Flexible Service Options
- Rental Analysis
- MLS and Internet Listing
- Provide Key Safe
- Coordinate Showings
- Personally Meet with Lease Prospects
- Prepare Lease Contracts
- Tenant Handoff to Landlord
Apartment & Portfolio Management
- Discounted pricing available for Portfolios and Apartments with 4 or more properties / units.
- Transition tenant communications and payments to OCRPM
- Perform Rental Analysis and Review existing Contracts
- Review and assume year to date accounting
ComprehensiveLease + Management
- A combination of our Lease and Management services with rental Fees included in monthly management fee.
- No upfront costs, pay only after the property is rented and rent is received.
- See details below.
- Discounted Leasing Fees
- Assumption of Existing Tenants
- Full Time Management
- Coordinated Tenant Requests and Repairs
- Collection of Rents
- Tenant Notices
- Remittance of Rents
- Property Documentation
- Access to Online Platform
- Monthly Owner Statements
- Annual Statements
- Full Management is Available for 10% Including all mortgage, HOA and Property Tax Payments
Detailed Pricing Information:
Lease Only (Listing, Applicant Review & Contract Preparation Fee) – We charge 6% of the lease term to market and lease your property.
That includes taking photos, writing descriptions and listing the house for lease. Installing For Lease signs, lock boxes and flyers. It includes coordinating showings with other agents and showing the property to prospects who contact us directly. It includes meeting prospective tenants, collecting lease applications and requesting missing documents. It includes reviewing lease applications and providing a written review of tenants. It includes preparing lease agreements, collecting signatures, deposits, proof of rental insurance and collecting the first month rent. And, it includes delivering keys, a walk through of the property with your new tenant reviewing where everything is and who to contact when needed.
6% is the total cost to list and lease your property, it is only collected when the lease is completed, and is deducted from the tenant deposit when received. If another agent assists in finding a tenant we share the 6% fee with them.
If we are managing your property we reduce our Listing Fee to 5%. This is for initial listings and lease listings thereafter.
If your property is not under our management we charge $175 for lease renewals, This includes a rental market update to assist in determining rental increase/maintenance, preparing renewal contracts and gathering signatures from tenants and landlords.
Management – We Charge 6% to manage your property
For properties under management we are the primary contact for tenant requests. We manage requests and facilitate repairs with qualified and prescreened service providers. We have long term relationships with service providers giving us economical and timely repairs. We collect monthly rents, pay for services performed throughout the month, and distribute the proceeds of rent to you, the landlord. We contact tenants after 2 days of rent delays, deliver 3 Day Notices on the 5th day. We do not handle unlawful detainers (evictions), but assist as needed.
6% is collected as a monthly percentage of rent paid. We only collect our fee when we have collected rent from the tenant (We align ourselves with our clients by not charging management fees during vacancies. This ensures that everyone is as motivated as possible to lease the property).
Comprehensive – We Charge 10% to lease and manage your property
This option includes both the lease only and management services indicated above. The primary difference is that we do not collect any fee for leasing the property, that expense is ditributed in our monthly fee. This is a popular option for clients seeking to conserve short term cash as they renovate / repair a property during turnover, or when they are moving out of their primary residence and turning it into a rental. Whatever the reason for wanting to conserve short term cash, many of our new and existing clients are opting for our comprehensive option.
Portfolio Management – We discount our fee to 5% for Portfolios and Apartments with 4 or more properties / units.
Our service for portfolios is the same as management above. In addition we manage the transition of tenant communication and payment to OCRPM, gather all documentation pertaining to properties and provide a full review. Contracts are updated as lease contracts renew. We also inspect properties, advise as to legal compliance updates and assist in implementation. And, we review leases and advise as to market rent.