Property Management Fees
At RBI we keep it simple. Our fee structure in broken out into two parts the leasing fee and the ongoing management fee.
Single Family & Individual Condominiums:
To get a clear understanding of our fees, it is also important to know what we don't charge because, let's face it, nobody likes to be nickel and dimed.
That is not our style.
What Others Charge (but we don't)
- Them: Renewal fee up to One month's rent. Us: Zero
- Them: Reporting fees $50+. Us: Zero
- Them: Setup fees: $150+ Us: Zero
Leasing: One month's rent
- Initial Property Inspection
- Recommendations Regarding Improvements
- Pricing Strategy
- Expansive Marketing Program
- Tenant Showings
- Comprehensive Screenings
- Lease Negotiation
- Completion of Concise Property Condition Report
- Collect Funds & Deliver Keys
Ongoing Managagement 8% of revenue received
- Timely Rent Collection
- Repairs & Maintenance Coordination
- Tenant Relations and Service
- Comprehensive Interior & Exterior Inspections
- Negotiate Lease Renewals & Rent Increases
- Facilitate Tenant Turn Overs
- Timely Disbursement of Financial Statements & Funds
What Others Charge (but we don't)
- Them: Renewal fee up to One month's rent. Us: Zero
- Them: Reporting fees $50+. Us: Zero
- Them: Setup fees: $150+ Us: Zero
Multifamily
4-10 Unit
Leasing fee of 50% of one month's rent. Ongoing management fee of 6%
10-20 Unit
Leasing fee: 25% of one month's rent and an ongoing management fee of 8%
20-60 Unit
Buildings of 20 to 60 units have an on-site resident manager who handles the leasing and general cleaning. Their compensation is based on the number of units in the building and varies between a partial rent credit to a rent and salary. This resident manager compensation is in addition to the general management fee of 6%
Over 60 Units
Communities with more than 60 units have an on-site sales and customer support team. The staffing level is based on the overall revenue with performance bonuses built in. This is in addition to the general management fee of 5%
What People are Saying...
Tristan B
- When I first started searching for a new property manager, I sent out emails to several people/companies and I was called me back within 30 minutes, late on a Friday afternoon nonetheless. In terms of being a good property manager, responsiveness and good communication are some of the top things to look for and they are really good about that. They handled transferring everything from my old management company and has even taken care of a couple of issues with my property since then that I'm sure would have taken the old company forever to deal with and cost me $$$. The rent payments even end up in my bank account faster than with the old management company!
Steve S
- Great to work with Always professional, focused and bottom-line oriented. Good people skills too. They did an excellent job marketing the Maxwell. I would not hesitate to hire them again to market another community.
Kerry N
- Led the charge during a most difficult time, displaying great creativity and persistence. Proven trustworthy and able.
Get Started Today!
Receive your no obligation quote or property assessment. We are available to meet you at your property at your convenience and talk about how what we can do for you.
206-755-7858