Property Management Fees
9% Property Management Fee
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.
$250 Lease Renewal Fee
This $250 fee 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.
If you have a home maintenance warranty, there will be a $50 home warranty fee charged for every policy claim.
In general, Enterprise advises against carrying a home warranty maintenance policy, but we will operate it at your request. Maintenance vendors contracted by Enterprise are knowledgeable and their prices are more than reasonable. In contrast, Home Warranty customer service systems are riddled with bottlenecks, long hold times, and service windows often putting the vendor’s convenience ahead of the tenant essential maintenance needs. In the case of home warranty claims, ONLY, an additional service fee of $50.00 will be charged for each applicable claim home warranty claim placed by Enterprise on your behalf.
$99 Advertising & Marketing
EPM utilizes proven marketing techniques, giving your home the broadest market coverage possible in order to rent your house quickly. The Advertising & Marketing Fee is a monthly charge only during the time your home remains vacant, and will be charged for a period of no more than twelve (12) weeks. Any Pre-Availability advertising of your rental property will occur at no charge to you.
$595 Leasing Fee
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 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.
Already have a tenant, or are hiring EPM to evict your current tenant? There will be a $250 transfer fee when your home comes on board, occupied.
Bringing on an occupied house can either be very easy, or very difficult! There is a lot of work involved with communicating with an existing tenant, inspecting an occupied house, and determining the needs of the house and tenant and relaying that to you, the homeowner. Many homeowners even hire EPM to evict their existing tenant. In order to compensate our agents for the work they do to bring a new house online, while occupied, we will charge a transfer fee of $250.00, for each tenant occupied house. If there are multiple units being brought on at one time, this fee can be negotiated.