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Legend:
May be changed at anytime. An upcoming fee increase/decrease will be noted on your monthly income statement before in effect.
This fee can not be adjusted with out a mutually signed amendment to your contract.
May be changed at anytime. An upcoming fee increase/decrease will be noted on your monthly income statement before in effect.
This fee can not be adjusted with out a mutually signed amendment to your contract.
Billing Terms Defined:
Deduction: This will be deducted from your rental income disbursement
Pre-Paid: This fee must be pre-paid in advance by client.
Due on Receipt: This fee is due within 7 days from receipt. Any open invoices will be deducted from rental income proceeds, unless other arrangements are made prior to service.
Deduction: This will be deducted from your rental income disbursement
Pre-Paid: This fee must be pre-paid in advance by client.
Due on Receipt: This fee is due within 7 days from receipt. Any open invoices will be deducted from rental income proceeds, unless other arrangements are made prior to service.
| Fee | Amount | Billing Method | Billing Terms | Fee Description |
|---|---|---|---|---|
| Monthly Management Fee Updated: 03/14/2023 |
8% | Reoccurring | Deduction |
For new client who have not purchased the investment property through our brokerage, our standard rate is 8%. This is the base management fee to lease, collect/disperse rent, screen and intermediate tenants. Not applicable to short-term/vacation rentals. |
| Monthly Management Fee Updated: 03/14/2023 |
5% | Reoccurring | Deduction |
For clients that have purchased an investment property through our brokerage we offer a discounted management rate of 5%. This is the base management fee to lease, collect/disperse rent, screen and intermediate tenants. Not applicable to short-term/vacation rentals. |
| Paper Statements Updated: 01/06/2023 |
$4.50 | Per Occurance/Request | Deduction |
Fee includes printed copies of your monthly income statement, mailed via USPS 1st class. |
| General Labor Updated: 01/06/2023 |
$35 Per hour | Billed Hourly | Deduction |
General labor defined as any physical job with non-skilled (no specific knowledge or skill), hands-on tasks, such as cleaning, moving, and general lawn maintenance. Labor is billed in 15-minute increments. |
| Cleaning Services Updated: 03/14/2023 |
$35 Per hour | Billed Hourly | Deduction |
Fee covers: Move in/out cleaning, including but not limited to, carpet cleaning, general cleaning, rubbish removal. Not applicable to short-term/vacation rentals. |
| Swamp cooler startup/winterize Updated: 08/16/2023 |
$35 | Flat Fee | Deduction |
Startup and Winterize Swamp Coolers. This fee does not cover any repairs needed to the unit. If unit is in need of repair at time of service, please refer to the Skilled Labor rate. |
| Sprinkler/Irrigation startup/winterize Updated: 01/17/2023 |
$30 | Flat Fee | Deduction |
Cover Sprinkler/Irrigation startup/winterize, fee is per zone ie. 3 zones will be billed at $90. |
| Skilled Labor Updated: 03/14/2023 |
$65 Per hour | Billed Hourly | Due on Receipt |
Skilled labor defined as labor that requires special training or experience for its satisfactory performance that generally requires the use of tools and equipment. Labor is billed in 15-minute increments. |
| Legal Fees Updated: 03/14/2023 |
$85 Per hour | Billed Hourly | Due on Receipt |
This fee covers the administration costs to prepare documents for evictions or any legal proceeding necessary for the management of the premises. Attorney fees, court costs, mailing/service fees shall be billed to the Owner for the actual costs of these fees with no markup or profit to the Manager. |
| Check Fee Updated: 01/17/2023 |
$3.50 | Per Occurance/Request | Deduction |
Fee assessed for paper checks mailed for monthly payment versus direct deposit ACH |
| Multiple ACH Accounts Updated: 01/17/2023 |
$15 | Per Occurance/Request | Deduction |
Fee charged for split payments on a single property income remittance. IE. Rent for a single property is $1000 and Owner wants $500 in account A and $500 in Account B. |
| Mileage Updated: 01/17/2023 |
$0.45 Per mile | Flat Fee | Due on Receipt |
Fee charged for mileage for service calls exceeding 20 miles roundtrip from our facility. |
| Short-term/vacation rentals Management Fee Updated: 03/14/2023 |
20-30% | Reoccurring | Deduction |
This fee covers the advertising of properties, guest and financial management. Final rate to be set by agreement and acceptance of VRP MSA. |
| Service Call Updated: 08/16/2023 |
35.00 | Flat Fee | Deduction |
A Service call fee will be added to all on-demand maintenance work orders. After hours (M-F 8:00am – 6:00 PM) is 2x the standard rate. This fee covers the initial drive time and mileage. |