Each month Owner will pay Rental Success® 7 of the gross monthly rents collected that month. Actual fee is determined after a no-obligation consultation. Factors such as expected monthly rent amounts, term length of the management agreement, and number of properties and/or rental units an owner is onboarding determine the monthly management fee applied to each property.
Each time the Property is leased to a new tenant, Owner will pay Rental Success® a leasing fee equal to 100% of one full month's rent to be paid under the lease.
Each time a tenant in the Property renews or extends a lease, Owner will pay Rental Success® a renewal or extension fee equal to 50% of one full month's rent to be paid under the renewal or extension.
Each time Rental Success® arranges for the Property to be repaired, maintained, redecorated, or altered as permitted by this agreement, Owner will pay Rental Success® a service fee equal to 10% of the total cost of each repair, maintenance, alternation, or redecoration.
If Owner requests or instructs Rental Success® to coordinate or communicate with any insurance carrier regarding any casualty to or on the Property, or if Owner requests or instructs Rental Success® to appear in any legal proceeding or deposition related to the Property, Owner will pay Rental Success® $100.00 per hour for Rental Success®' time expended in such matters and in preparation of such matters.
Each month Owner will pay Rental Success® 5% to 12% of the gross monthly rents collected that month. Actual fee is determined after a no-obligation consultation. Factors such as expected monthly rent amounts, term length of the management agreement, and number of properties and/or rental units an owner is onboarding determine the monthly management fee applied to each property.
Each time the Property is leased to a new tenant, Owner will pay Rental Success® a leasing fee equal to 100% of one full month's rent to be paid under the lease.
Each time a tenant in the Property renews or extends a lease, Owner will pay Rental Success® a renewal or extension fee equal to 50% of one full month's rent to be paid under the renewal or extension.
Each time Rental Success® arranges for the Property to be repaired, maintained, redecorated, or altered as permitted by this agreement, Owner will pay Rental Success® a service fee equal to 10% of the total cost of each repair, maintenance, alternation, or redecoration.
If Owner requests or instructs Rental Success® to coordinate or communicate with any insurance carrier regarding any casualty to or on the Property, or if Owner requests or instructs Rental Success® to appear in any legal proceeding or deposition related to the Property, Owner will pay Rental Success® $100.00 per hour for Rental Success®' time expended in such matters and in preparation of such matters.
Larger multifamily assets or those with onsite staff are each unique in their operation. We prepare a custom management plan and quote for each multifamily asset with 101+ units and/or onsite staff.
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