Property Management Fees
Property management fees including leasing fees, lease renewals, tenant evictions, property inspections, and property marketing.
9% Property Management Fee➀
This 9% property management fee is an ongoing monthly fee charged to the owner to compensate the property manager for the responsibilities of overseeing the management of their property. All property management companies charge this fee.
Lease Renewal Fee➁
$250 Single Family / $199 Duplex (per unit)
This fee of $250 for single family homes and $199 per unit for duplexes is charged when a property manager renews a current tenants lease and covers the costs of initiating paperwork or communication needed to implement the new lease agreement.
$25 Vacant Weekly Advertising & Marketing Fee➂
This fee is billable when your property is vacant and EPM typically has a very low “days on market” of approximately 25 days. In many cases we are able to rent your property before it is vacant, in which case this fee would not apply. The Advertising & Marketing Fee is a fee to place the property on the Zillow Rentals paid program, including Trulia.com, Realtor.com, Hotpads and many more partner sites. In addition, EPM partners with a digital marketing company that utilizes proven marketing techniques, giving your home the broadest and most dynamic marketing coverage possible.
Leasing Fee from $595➃
Our leasing fee is $595.00 OR 50% of first month’s rent; whichever is greater. This covers compensation for the initial time invested and resources used in setting up an owners account, showing property and/or other activities resulting in tenant placement. This fee is a one-time fee each time we place a new tenant in your home.
$250 Maintenance Escrow
The $250 operating reserve is homeowner money held in escrow for necessary repairs or emergencies that may arise. This gives you the peace of mind that maintenance issues will be dealt with immediately, which in many cases helps to minimize the overall expense by preventing delays of the initial repairs.
$99 Property Management Transfer Fee
There is a $99 fee for transferring the management of occupied/leased properties to EPM or $199 for origination of NEW EPM lease to be signed the tenant, since the latter would be the entire lease signing process. Each option includes an in depth inspection along with advice on each property, PLUS official lease assignment contract signed with current resident, as recommended by law.
Á La Carte Property Management Services
The following management services are add-on options for properties managed by Enterprise Property Management, Inc.
$75 Property Inspection Program (per inspection)
Our interval inspection program is available for $75.00 per inspection. You may choose to perform up to 3 inspections each year that include an in depth inspection with pictures along with maintenance advice from the property inspector.
Notes regarding our property management fees:
➀ Property management percentage rate is open to negotiation with ownership of 5 or more properties. ➁ Lease renewal rates negotiable for multi-unit properties of 3 or more units. ➂ This fee will only be charged when the property is rent-ready/vacant for a period of no more than twelve (12) weeks. ➃ 50% leasing fee will not exceed $995.