What Is Your Birmingham Property Management Pricing?
Hey everybody! Spencer Sutton here with gkhouses. Today, I’m going answer the question, “What is your Birmingham property management pricing?”
I am going to describe the pricing for our three options available to you: Gold plan, our Platinum plan, and then our Investor plan.
So typically, I would say 70% to 80% of the time that we receive a house, it is vacant or somebody’s moving out of the house, so it needs to be evaluated. Because of this, the first thing we do with any of our plans is go out to the property and do a full walkthrough inspection.
There is no cost to you when we do an inspection. This allows us to give you a report of what you need to do to get the house rent ready.
The whole goal is to generate traffic to your house and then to lead that traffic into filling out an application.
We know that if we can get several applications, then we’re going to find at least one really well-qualified tenant for your property. We also screen the tenants to make sure we are putting the most qualified in your property.
Once we find that tenant and get them to sign a lease, they pay a security deposit and their first month’s rent.
So the very first fee that you would see on the Gold Package is going to be called a leasing fee.
That is a one-time fee that we charge for finding that tenant.
We take that fee out of the tenant’s first-month rent and you will see that on your statement.
Monthly Management Fee
Then the management fee for the Gold plan is $89 per month.
It’s just a flat fee. Doesn’t matter if you rent your house for $1,000 a month or $3,000 a month.
The Gold Plan includes all of your basic services like collecting rent from your tenant. We also communicate exclusively with your tenant so that you don’t have to.
We’re going to ACH direct deposit funds to your account, to your bank account, on the second Friday of every month.
And we also send you an owner statement twice a month.
We will also handle any kind of work orders for you. So if the tenant says something is broken at the house, we will send one of our maintenance techs out to take care of that.
So those are the basic services in the Gold plan that you would have access to should you select that plan.
So the Platinum plan is kind of like the Cadillac of plans.
It has all the features, all the bells, and whistles. Most importantly, it is guaranteed rent.
This is great if you are worried about having a tenant who is great at first but then has something happen to where they can’t pay rent.
So if they lose their job, or if they have a personal crisis of some kind (it can be health-related, whatever the case) and they cannot afford to pay rent, we will still pay you the same amount every single month.
Even if we need to evict that tenant, we would still be paying you during those months. We will pay to evict a tenant, should it go that far. We pay for court costs, set-out charges, attorney fees, etc.
There is no leasing fee for this Platinum plan, but the management fee is more expensive.
And it starts at $199 per month, and it moves up based on how much you rent your house for.
The more you rent your house, the more the management fee goes up.
Also, with the Platinum and Gold plan, you get some optional services. We come in the home and do quarterly inspections.
Every quarter, we come in and change air filters, check smoke detectors, etc. Then we will walk around the property and take pictures for a report. This report will let you know exactly how the tenant is taking care of your property.
So also, in addition to that, we do heating and air inspection twice a year.
Our goal is to keep you from having some type of an emergency call in the winter or in the summer.
The leasing fee on the Investor Package is 50% of the first month’s rent.
We do have a minimum on all of our leasing fees of $500.
If you come into Birmingham and you are buying some low-income property that is going to rent for $650, that leasing fee is going to be $500. That’s our minimum.
With the Investor Plan we charge 8% management fee ongoing. That 8% is of rent collected, and even there we do have a minimum of $50.
To recap, 50% leasing fee an 8% management fee, and you receive all of the same features that are in the Gold Package.
That basically explains our three pricing packages for Birmingham, the prices.
Like I said at the beginning of the video, if you have any questions regarding Birmingham Property Management Pricing don’t hesitate to reach out.
We look forward to hearing from you.