3 REASONS WHY A 5%-7% Management Fee is ACTUALLY Costing YOU MORE MONEY!!! #3 Will Blow Your Mind...
A lot of management companies will give you a 5%-7% fee and you think, what a deal right? WRONG! Here are three reasons why the lower management fee is costing you money.
1. HIDDEN FEES: And it goes like this. "Sure, we'll take 5% of rent income... but also there is a $225 placement fee to place a new tenant. Oh, and we charge administrative fees of $45 /hr for scheduling maintenance, also, we tack 10% onto any bills you get. But first, we need a $200 start up fee and $75 annual renewal of our services. " In a year, these fees put you well above what you would have paid at 10%!
2. Quality of Management: Don't kid yourself, you get what you pay for. And if you feel like you've heard that 1,000 times before it's because it's true. We inspect our homes more thoroughly, actually listen to our tenants and act faster on maintenance issues than anyone else in town, GUARANTEED! That management company that just rented out your house at 5%, will likely do nothing for you that they aren't forced to do. Just ask around to hear horror stories from victims of these management companies right here in HELENA! Don't let your property manager DESTROY YOUR INVESTMENT!
3. Who is making these repairs??? Does your management company use UNLICENSED & UNINSURED CONTRACTORS? You might be surprised that a lot of management companies DO and they actually send these ticking-time-bombs to your investment property for repairs! Here at H-Town, we only use Contractors who are licensed, insured and bonded. Furthermore, we have contracts with our plumbers, handymen, electricians and contractors to protect you against faulty workmanship and materials.
OUR SET PRICING:
WE ONLY MAKE MONEY IF YOU DO. WE TAKE A PERCENTAGE OF RENTAL INCOME AND NOTHING ELSE!
1-4 Units: 10%
5-9 Units: 9%
10 + Units: 8%
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