
THE ONLY ONGOING FEE: JUST 9% ...of rent collected for single family homes. *Note: if we don't collect the rent, you don't pay a fee. There are other fees, see listed below, for maintenance, eviction costs and if property is sold by us on owners behalf. Plus;
Multi-plex units earn a big discount, see that chart below!
Leasing Fee - 25% of 1st months rent. Used to offset accounting and advertising costs, as hundreds of dollars are spent each month to manage and advertise our owner's homes for rent with various advertising media, vendors and employee time spent with showings.
Reserve - Owners Trust Fund - $200/basic
These funds are generally used for Emergency Maintenance needs, and to pay day-to-day operating expenses, making sure that services are performed promptly and bills are paid in a timely manner. A reserve of $200-$500 is normal for single family properties. Higher funding for Multi-family required depending on number of units in the complex.
Lease Renewal Fee - No Fee! Many PM companies charge for renewal of an existing tenants lease. We are also now encouraging month to month rental of properties as a recommended method to better control tenant activities, ease of the eviction process if needed and a way to raise rent if needed without having to wait a year.
Vacant Property Fee - No Fee! Some PM companies charge the owners when a property is vacant as though it was occupied, with the idea that they have to still monitor it and take time to check on it and work on advertising it etc. - Our thought is that if you are not getting paid, neither should we.
Notices & Legal Doc Fees - No Fee! *Note: If a tenant does NOT pay these costs, as happens sometimes with an eviction, the owner must pay these costs, but these go to collection normally. Includes Process Server Fees etc.
Annual Administrative Fee - No Fee! A Year end charge of $25.00 is assessed by many companies to each property to cover preparation of annual statement and records.
Property Inspection Fee - No Fee! Some Inspections can be very expensive. We do a photo and walk through inspection annually, plus on-spot when asked or if seen as needed and drive-by reviews.
Eviction Costs/Fees - $35 to $900. Estimated average costs/fees for serving notices, Attorney fees, court appearances, evictions, etc. Process Servers and other hourly rates are typically $35-$50 while a fee for the whole eviction process usually comes in between $200-$1,100 (plus court costs). We use Landlord Services, Inc. as our eviction service.
Early Cancelation Fee - No Fee!* It's that simple. We just need a 30 day notice in writing. *We give you a way out if the rental is vacant with no approved applicant, then there is no fee. *EXCEPTION: If we have rented the home then there is a $500 cancelation fee if canceled prior to our one year agreement.
Unpaid Invoice Fee - 1.5% monthly. This is a small service charge (typically1.5%) that is added each month to all unpaid invoices that are past due.
Bill Payment Fee - No Fee! Fee for making owner payments such as mortgage, insurance, home owners association dues, etc. We do not charge a separate fee, some others don't even provide this service.
Sales Commission if Property is Sold = 1.9% to 6% -
We only charge from 1.9% to 3% when sold to current tenants, depending on amount of work done, and we may act as a Dual Agency with no other Agents to pay. There may also be a 3% fee charged if there is a Buyers Agent for a total of 4.9% to 6% total, when another agent is or may be involved, such as when a buyer is brought to us by another Brokerage or if the tenant wishes to have their own Attorney or Buyers Agent for representation. Notice: when property is marketed and/or sold by BCI Properties, LLC or its agents as a Short Sale or other than to a tenant or buyer referred by the seller, then a standard 6% Broker Selling Fee shall apply which must be split with a Buyers Agent. We do all marketing with no fee or costs if there is no sale.
STANDARD MAINTENANCE FUNDING -
Emergency Maintenance Fund -
A basic $200 fund is setup in an Owners Trust Fund. This is needed for us to be on call for basic maintenance and emergency repairs etc. to draw from for emergency maintenance or repair work, which we setup and manage. *Notice; any repairs or maintenance of your property which exceeds $200 or more will be approved by you the owner prior to any work being done for repairs. NOTICE: If we cannot contact an owner for approval in a timely manner for a true emergency, we will use our best judgement and may pay such costs ourselves when health and safety are involved, but will invoice owner or we may repay ourselves per the Property Management Contract. At all times we use caution and follow the law. - The option is that you may do your own maintenance and be on call if tenants have any issues, in which case we would not need the funds. - You may also ask us to take the $200 needed from a tenants 1st rent payment if you like. Please feel free to call us with any questions of course.., anytime.
PAYING FEES; Emergency Maintenance Funding may be made in several ways. We can simply take this amount from the 1st month tenant rent. Or; you may pay in person or by mail with a Cashiers Check, Money Order or Personal Check.
Four to twelve units/doors = 8% fee - Example: 4-plex is 4 units.
Thirteen to 30 units = 7% fee
31 + units/doors = Dependant on contract terms.
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RTO - Rent to Own programs are same as FM / Full Management, with the exception that we act as your sales agent as well and will negotiate on your behalf with the tenant to purchase your home, normally within a one year period. Please note: we have a Fiduciary obligation to look out for your best interests as your agent and we will recommend to all renters/tenants that they have all documents reviewed by their own Attorney at their expense.
We will ask for a 1.9% sales commission or fee if no other agent is involved that will be all we receive. This is upon closing of a sale only and will receive no fee or commission on the sale if it does not materialize. You will have the right to accept or deny any and all such offers naturally. There will be some additional Escrow fees you will need to pay, roughly about 2% total which includes the 1.78% tax. More details on request. - NOTICE: A full 6% commission is charged when the sale is a Short Sale or sold to a buyer who is not a tenant and/or is not referred to BCI by the owner of the property.
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We are Syndicated or Posted through the following companies*...and others:
Craigslist.org
RentalAds.com
Backpage.com
CityCribs.com
Clickable Directories, Inc.
CLR Search
Cyberhomes
eBay
Google Base
Homescape.com
HotPads.com
House.com
LiveDeal.com
New York Times
Oodle
Point2 Homes
The Housing Pages
Trulia
vast.com
VideoHomes.com
Yahoo! Classifieds
Zillow
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Office: (253) 531-1010. WE APPRECIATE YOUR BUSINESS... THANK YOU!
It is possible, although unlikely, that our rates/prices/fees may change or be modified from time to time
and this rate sheet may not be updated before you review it. Plus there may be other fees or costs to you
that are not listed here which are optional or not a common fee. So to avoid any mis-understandings please
double check by making a phone call to ask if rates have changed. Your contract with us will be the