OUR FEES
Our Fees
We determine our fees on an individual basis that include several factors. We offer a high touch, high tech service with senior-level staff handling your property’s management. As such, we will typically not be the lowest priced solution based on our fees charged, but we believe we will be the best value in your overall return. Vacancy and turn over can devastate an investment. Our service structure is designed to minimize your total costs.
There are several fees involved in property management. The prices of most interest to owners are the ongoing management fee and tenant procurement or leasing fee. An owner may request we handle tasks other than collecting and accounting for rent, maintaining the property, and leasing the property. We charge a fee spelled out in our management agreement for tasks, in addition to those basic services.
Several considerations determine our ongoing management fee. The first is the number of properties we manage for a client. The more properties we manage, the lower the ongoing management fee. The next factor is the price of the property. A more expensive property might warrant a lower ongoing management fee. A lower-priced property might have a higher percentage due to our minimum fee of $125. The last factor is the location and condition of the property. Remote properties and properties that will require substantially higher maintenance may result in a higher fee charged. Our standard fee is 10% of the rent collected for properties leasing for over $1250 per month. Our standard fee is 8% for properties leasing for over $2500 per month. Generally, we offer a reduction of 1% where we manage three or more properties for a given owner and a discount of an additional 1% for owners with ten or more properties we manage.
The next major fee category is the tenant procurement leasing fee. Our standard fee is the first month’s rent for a one year lease. On a multi-year contract, we charge 3% of the rent in each of the additional years. We charge a lease renewal fee of the greater of $175 or 20% of the monthly rental in that year. Included in this fee are the costs of advertising and the fee we share with a broker representing the tenant. For repair programs beyond ordinary maintenance, i.e., those repairs over $1000, we charge a management supervision fee of 10%.
Where there are late fees collected, those are divided 50/50 with the owner. There are other fees; we ask the tenant to pay, such as credit report fees, lease amendment fees, returned check charges, credit card fees, missed appointment fees, key replacement fees, pet management fees, eviction fees.
Owners may want us to manage home warranty companies, utility connections, property tax appeals, Housing Voucher Certifications and Inspections, court appearances, meetings with Insurance representatives, and court appearances, property finance assistance, and property sale brokerage. These services are outside the normal tasks of property management and are separately billed when required.
Contact Us
RE/MAX Town and Country 14 Local Offices
12315 Crabapple Rd Suite 136 Alpharetta GA 30005
Success Real Estate
2623 Sandy Plains Rd Suite 202 Marietta GA 30066
P: 404-978-2281
RE/MAX Town and Country 14 Local Offices
12315 Crabapple Rd Suite 136 Alpharetta GA 30005
Success Real Estate
2623 Sandy Plains Rd Suite 202 Marietta GA 30066
Each RE/MAX office is independently owned and operated. We are an Equal Opportunity Employer and support the Fair Housing Act and equal opportunity in housing.
