Property Management Pricing in Little Rock
Spencer Sutton here with gkhouses. I’m here to answer your question, “What is your property management pricing in Little Rock?”
We have a Little Rock pricing page that can show you exactly what we charge for everything. But I will walk you through each plan and give a more detailed explanation of what each plan entails.
Our three plans include the Gold package, the Platinum package, and the Investor package.
On average, 80% of the time we receive a house, it is vacant. The first thing we do in this scenario is a full inspection of the house.
We write a report for you that explains whether the house is rent ready or if it needs some work.
Once the house is ready to rent, ready to be marketed, and ready for somebody to move in, then we begin aggressively marketing the home.
Our goal is to drive as much traffic as possible to your house and collect as many applications as we can.
The more applications we collect, the more likely we are to find at least one well-qualified tenant.
Once we find this well-qualified tenant, we charge the first month’s rent and a security deposit equal to one month’s rent and get them to sign a lease.
The first fee you will see on any of our packages package is the leasing fee. The leasing fee in the Gold package is 50% of the first month’s rent. This is a one-time fee for placing a brand new tenant.
If we rented your house for $1,200, then we will charge $600. We’ll take it out of the tenant’s first month rent. From that point forward, the management fee on the Gold package is $89 a month.
It doesn’t matter if we rent your house for $3,000 or if we rent it for $1,000, it’s just going to be $89 a month!
The Gold package is our standard package. It comes with all of our basic and standard property management services.
We collect rent for you, communicate exclusively with the tenant so that you don’t have to, handle any kind of work orders that come up. If something breaks at the house, we’ll take care of it for you. We disperse funds into your bank account electronically.
We will send you two owner statements per month: one on the second Friday of the month, one at the very end of the month.
These are some of the services that we’re including in the Gold package. Anything that you can think of that a property manager typically does, this is what we’re gonna give you in the Gold package!
The Platinum package is a very special package. It’s more expensive, and it’s special because it’s guaranteed rent.
This means if we place a great tenant in your home and then four or five months later they lose their job and they’re unable to pay rent, you’ll still get paid the exact same. We’ll still send you the same funds every single month, whether they pay or not.
And if for some unfortunate reason we have to evict a tenant, then we will pay for all of that as well.
We’ll pay for the attorneys, the court calls, and the set out charges, and you will still be getting rent during that process.
Once we take possession of your property again, then we’ll pay you for an additional three months or until we find you another qualified tenant, whichever comes first.
The Platinum also comes with a couple of services that you can add on to the Gold package for an additional cost, but they’re already included with Platinum.
One of those is a quarterly inspection. We go out to your house, change air filters because we know tenants don’t do that and check batteries and smoke detectors.
Then we walk around, take pictures, and send you a report that says, “Hey, Mr. or Mrs. Owner, this is how the tenant’s taking care of your property.”
The other service is preventative maintenance on your heating and air system. We go out twice a year, once in the spring and once in the fall, to make sure that everything is working properly.
We want to avoid an emergency call during the summers or during the very cold winters in Little Rock. Emergency calls tend to be more expensive for you, so we want to catch any problem before it becomes an emergency.
There is no leasing fee in the Platinum plan, but the monthly management fee is going to be higher.
It starts at $199 and it moves up in tranches based on what we can rent your house for. So if we can rent your house for $2,000, then the management fee will be more than $199. We have a chart on our pricing page that gives more detail on the pricing.
There are several investors in Little Rock. Some of them live out of state, some of them live there in town.
For investors, we typically charge an 8% management fee.
The leasing fee is 50% of the rent amount, and the management fee is 8% of rent collected. The Investor package includes all of the same services as the Gold package.
The great thing about the Gold and the Investor packages is that you can add on additional services.
Some of those services are the quarterly inspection and the biannual heating and air inspection.
We have a service called Eviction Protection Plan where we cover the cost of an eviction should it happen.
There are several optional services that you can add, but these three packages are designed to give you a choice. It just depends on what fits your need and works best for you.
If you have any questions, don’t hesitate to call us at 205-940-6363 ext 3, or shoot us an email. We would love to talk to you!