The following are costs incurred by the owner when placing their home into property management:
Management Fee: 10% of gross rents received; management fee is not charged until rent is collected.
Leasing fee: $250, this covers all administrative costs and referral fees required to lease the home. This fee is usually deducted from the first month’s rent proceeds.
Reserve Fund: $250, this escrow account is set up to cover non-emergency, functional maintenance. This account will be brought back up to $250 with the next months rent proceeds should maintenance be required. This is not a charge – the money will be returned to you once the management agreement is terminated.
How will you market my home?: Our main source of advertising is through our website, BlueMountainMgmt.com, which is powered by AppFolio, our property management software. Through AppFolio, our listings are feed to 84 of the most popular search sites on the internet including Zillow, Trulia, Realtor.com and Hot Pads. This service is included. Any advertising in print would be an additional cost at the current rate.