When it comes to property management and like anything else, you get what you pay for. There’s always somebody that will do it cheaper as there are A LOT of corners they can cut, which increases your risk of higher maintenance expenses, costly tenants and turnovers/evictions, and costly legal issues.
FRPM provides a thorough “done right” property management service at a fair price to protect your investment, minimize legal risk, and maximize your returns. No gimmicks. You’re paying for our experience and knowledge of the frequently changing tenant friendly laws, experience reviewing thousands of tenant applications, and managing 600+ rental units and tenant parties since 2010.
So owners can enjoy more predictable and stable expenses, we charge a reasonable base management fee and new tenant leasing is done for free (!!).
Full Service Professional Property Management
| Service | Price |
|---|---|
| Monthly Management | 9% of Monthly Rent |
| Turnover / New Tenant Leasing | FREE! / No Charge |
| Lease Renewal Fee | 10% of monthly rent |
| Initial Per Unit Setup Fee | $49 unoccupied or $99 if occupied |
How Does Our Pricing Compare?
For a 12 month lease, assuming your home rents for $2500 per month.
Renters Warehouse: $109 per month plus 1 month rent turnover fee = $3,808.
Freedom Rental Property Management: $225 per month plus $0 turnover fee = $2,700.
Be aware of gimmicks offered by other property management companies
Note some gimmicks offered by other property management companies including a “Free Handyman”. In the fine details you’ll see what’s included for free – screw tightening, hinge lubrication, and most things tenants aren’t creating a maintenance request for. For many real estate companies, the property management service is a loss leader, so watch out as sometimes their contracts require you to use their realtors in case you ever want to sell the home. Our values focus on doing the job thoroughly and right; rental property management is our primary focus. Additionally, other companies may have a maintenance markup as high as 18% of the vendor’s invoice. Be weary of this as it incentives them to use more costly vendors to increase their own profits. FRPM has no maintenance markup and as rental property owners ourselves, we have an eye for the (your) bottom line.
Included In Services
| Turnover / New Tenant Leasing | Professional Management |
|---|---|
| Professional Rental Price Analysis | Dedicated Property Manager |
| Home Showings | Online Resident Portal and Mobile App |
| Listings on the Most Popular Rental Listing Websites | Online Owner Portal |
| Quality Listing Photos | End of Year CRP Form Processing |
| Comprehensive Tenant Screening | Maintenance Coordination |
| Solid and Efficient Electronic Lease Signing and Payment Collection Process | Accounting, rent collection, and owner payments |
| Pre-move In Inspection and Detailed Photos to Protect Your Investment | Annual Property Inspection |
