Thank You for Your Application!
We’ve received your application and will review your inquiry promptly. You can expect a response shortly via your preferred method of contact. In the meantime, please review our property management fee structure below:
Property Management Fee Structure
1. Onboarding Fee: $500
• Overview: A one-time fee for setting up a new property in our management system, covering all initial setup tasks and administrative work.
2. Management Fee: 10% of Monthly Rent
• Overview: This fee is charged monthly for our ongoing property management services, ensuring your property is well-maintained and managed effectively.
3. Vacancy Fee: $150 per Month
• Overview: This fee is charged during periods when the property is vacant, covering the costs of property upkeep and ongoing management.
4. Tenant Placement Fee: 100% of One Month's Rent (Charged at Move-In)
• Overview: This fee covers the cost of finding and placing a new tenant, including marketing, screening, and lease preparation.
5. Lease Renewal Fee: $300
• Overview: This fee is charged for renewing a tenant's lease, covering negotiations and document preparation to ensure continuity of tenancy.
6. Maintenance Coordination Fee: 20% of Repair Cost
• Overview: This fee covers the coordination of maintenance and repair services, ensuring all issues are addressed promptly and efficiently.
7. Emergency Maintenance Fee: $250 per Incident
• Overview: This surcharge is for coordinating emergency repairs outside of regular business hours to handle urgent issues swiftly.
8. Routine Inspection Fee: $75 per Inspection
• Overview: This fee is for conducting regular property inspections (bi-annual) to ensure the property is in good condition and any issues are identified early.
9. Move-In/Move-Out Inspection Fee: $200 per Inspection
• Overview: This fee covers the detailed inspections conducted during tenant move-in and move-out to document the property's condition.
10. Eviction Fee: $600 per Eviction
• Overview: This fee is charged for managing the eviction process, including legal paperwork and court appearances to handle tenant removals.
11. Accounting and Reporting Fee: $100 per Month
• Overview: This fee covers the cost of providing detailed financial reports and year-end tax documents to keep you informed about your investment.
12. Utility Management Fee: $50 per Month
• Overview: This fee is for managing utility payments on behalf of the landlord, ensuring timely and accurate payment of utility bills.
13. Advertising and Marketing Fee: $100 per Month
• Overview: This fee covers the cost of advertising the property on various platforms to attract quality tenants quickly.
14. Furnishing and Interior Design Fee: 15% of Total Furnishing Cost
• Overview: This fee is for furnishing and designing the property's interior to enhance its appeal and value.
15. Legal Fee: $300 per Hour
• Overview: This fee is for providing legal advice and services related to property management, ensuring compliance with all legal requirements.
Thank you for considering SmartFund RE for your property management needs. We look forward to assisting you and maximizing your investment. If you have any questions or need further clarification, feel free to reach out to us.
Best regards,
SmartFund RE Property Management Team
