Property Management Fees and Plans
No one should pay property management fees of neither 8% nor 7%, not even close to that.
This old fashioned pricing was invented by the old school to cover for their inefficiencies.
Introducing 6% for best in class Property Management Service
You deserve to pocket the difference.
Repairs and Maintenance We Pay
Tenant Turnover We Pay
Preventative Maintenance We Pay
Rent Guarantee We Pay
Leasing, Advertising, Tenant selection Free
Lease Renewal Free
Eviction Costs Covered
Our automated Property Management platform, supervised by the best human account managers replaces that old-school, inefficient, manual Property Management end-to-end.
This allows us to offer a market-leading Property Management fees for a best in class service. Having a solid Tech DNA, we thrive at Property Management fees that are not sustainable for traditional Property Managers. This plan does not include any coverage of expenses to be paid to 3rd party providers. Interested in full coverage? Learn more about our Premium Ultimate Performance Guarantee plan
Property evaluation and rental rate calculation
Our licensed agents and brokers will conduct a thorough analysis of your asset to determine the best possible rental price and tenant profile.
We are using various data sources that are not available for the public to tap into the most optimized deal for you. We will also come up with the most competitive Property Management fees.
Tenant screening and selection
This is critical. Choosing the right Tenant is an art. Credit scores are important but they are not everything. We conduct background checks, reference calls with past landlords as well as through our proprietary unique screening and underwriting process.
Rental listing and advertising
We will create the most beautiful and professional photos and videos of your property and will market it professionally. Our leases are filled in 14 days on average. (seasonality might impact both ways)
Tenant move in
We welcome our Residents with Welcome Kits explaining all the nuances about your property. This is when we will do a “Detailed Move inspection”. We will share it with you over your Portal.
Rent collection and Tenant Management
Tenants are not only a source of income (as old-school tends to see them). They are your clients and deserve to be treated as customers. We incentivize them for good behaviors such as on-time payments, one time reporting of maintenance issues, passing inspections at a high bar, and basically carrying for your asset. Those incentives can be redeemed for various perks. However, those who fail to comply with the contract will be professionally and honorably treated to cure the breach. In rare cases and upon need (we usually don’t get there) we will take care of evicting. Eviction fees might be an addition to your Property Management Fees.
Financials and reporting
This is the heart of it all. We manage your money in the most professional way so you can rest easy. Your portal is always accessible and shows your most current balance, incomes, and expenses. You will love the sound of ”cha-ching” when your money hits your bank account within 3 days of rent payment. Our live dashboards show you the status of repairs/maintenance, Property Management fees and more.
Maintenance, repairs, and remodeling
This part is heavily automated with Tenants reporting the issues using our apps. There are video reports so you can always track and see what’s going on. Our system dispatches the best in class and highly rated Service Providers. Each job generates quotes for you to approve. Not enough money in your account? Pay through our App. Easy. Each pro is rated by your tenants as well as we dynamically measure over 30 data points of their service and pricing. Those who don’t meet our minimums – are disqualified. We want you to get the best service for the best price. Do we need to mention that we do not markup or take any commissions on that? All of the quotes will be approved by you. Those costs should be added on top of your Property Management fees All of the repairs data including chats, phone calls, and video conferences between your Tenants and pros are accessible to you in real-time.
Upon Tenant move out, we do a “Move out” inspection and disposition the "security deposit" to cover any damages and conduct a super fast and cost efficient turnover. We will take care of painting, cleaning, repairing whatever is needed so your can rent as fast as possible. We will present you with what we believe should be done for your approval. We might also offer you upgrades for certain items to get a better rent.
This is our core. Best support all the time. We are building the "Amazon of Property management. This means we are obsessed with our customers. Want to know more? We are happy to chat. Submit your question here or visit our FAQs section.
Rent Guarantee - $0*
Here we cover you from Tenant related issues such as no payments / late payments. If your Tenant fails to pay your rent – we will pay instead and on time. You don’t need to do anything. We do it for you. We will then deal with the Tenant. Please note that the Rent Guarantee is not covered for non-payments related to “force Majeure” like COVID. All the rest is. This is what we call peace of mind!
Leasing fee - $0
To lease a property requires out-of-pocket expenses for photographers, advertising fees for sites like Zillo, commissions to leasing agents..and more. Guess what – it’s included. Boom! you saved 50% of your monthly rent. Your Property Management fees cover that! You are welcome!
Lease renewal fee - $0
None, Zip, nada. Property Management fees include that cost as well.
Eviction fee - $0
We take care of it – you collect your rent guarantee and rest easy. Zero fees.
* Subject to a deductible per work incident
Repairs and Maintenance Coverage
Repairs & Maintenance - $0*
This plan covers the repairs and maintenance of your house. We will fix it all at our own expense. You will not be even notified. It is like Health insurance for the building. If it is a small repair or big-ticket items such as ACs or Garage Doors, Water Heaters, you pay zero, even if we hire a handyman or an electrician (unless you chose deductibles). We cover it all. One AC costs $4-$5K – this can drain your ROIs for years to come. We pretty much cover it all if it is not an upgrade or not a replacement of an entire surface like roofs/pool plastering.
Tenant Turnover - $0*
This is included in the plan as well. We will cover all the cosmetics and repairs needed to rent your house again. This event might happen yearly and can easily get to $5K in expenses. In many cases, the security deposit does not even cover a fraction of that cost. We have you covered.
Preventative Maintenance - $0
This is core to how we mitigate risks. We do proactive and preventative maintenance to various systems based on our routines. We invest a ton to prevent issues from happening rather than fixing them at a costly price when they break. Here our interests are aligned. We also use top IoT sensors to “sense” your most valuable systems and get real time alerts if something goes south. Bottom line - we care for your property. Prevention is a key. We do it at no cost for you.
* Subject to a deductible per work incident
We’re happy to share more details! Learn more about your plan and how Home365 works.