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>> Request a Management Proposal
Costs and Services
Costs and Services
Property Management Fees -
8% of gross collected rents, as compared to 10%
Basic
Services Include:
- Preparing Market Analysis
- Review of comparable rental properties in
surrounding areas
- Preparing report for owner with suggested rental
value
- Advertising and Leasing
- Display of “For Rent” or “For Lease” signage
- Placement of Ad with the local newspaper and
other advertising sources to optimize exposure
- Rental Application processing and screening
(includes credit and criminal background check)
- Execution of all leases
- Renewal and cancellation of existing leases
- Initiate legal actions as necessary
- Evictions and recovery of premises, rent, and/or
other amounts due
- Deliver all necessary legal forms and
disclosures to tenants as required by law
- Rent Collection
- Collection of all rents and deposits
- Disbursement of security and other deposits
- Deposit of all rents into trust account with
FDIC Insured banking institution
- Maintenance
- Employ, supervise and contract all labor
required for operation and maintenance of the property
- Service Contracts
- Execution of all contracts related to utilities
and services for the operation, maintenance, and safety of the property
- Repairs
- Supervision of repairs, decorating, alterations,
and to purchase necessary supplies
- Management agrees to contact owner for
authorization for any expense item in excess of $250, with the exception
of monthly or reoccurring operating expenses or emergency repairs
- Disbursements
- Disbursement monthly from owner’s funds for
contractual mortgage payments, property taxes, special assessments,
insurance premiums as related to the property
- Disbursement monthly to management company for
all management fees due based on collected rents
- Disbursement monthly to owner all funds
remaining less reserves, after disbursement of all monthly expenses and
management fees
- Monthly and Annual Statements
- Repairs and Maintenance
- Labor rates start at $25 per hour (Includes most
maintenance and regular repairs, such as painting and cleaning)
Estimates are given prior to any work performed for
more extensive work required, such as alterations, modernization, redecorating,
extraordinary repairs, and repairs requiring a skilled technician (plumber,
electrician, HVAC, etc.)
Other Charges
Other services not listed here may be subject to
additional charges, but only with the Owner’s prior written authorization. These services may include:
·
Counseling
·
Consultation
·
Problem Solving
·
Court Fees (when
manager is required to attend any court or judicial proceedings)
·
Contract
management of any outside laborers or third-party vendors related to
extraordinary repairs or improvements (not part of normal repairs or
maintenance)
If you have any questions regarding any specific
information not covered here, please feel free to contact us at jderrick@atpsm.com or call 801-265-3823.
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