Looking for Nashville Property Management Pricing?
Hey, Spencer Sutton here with gkhouses in Nashville. And the question I want to answer is about our Nashville Property Management Pricing.
And, what do we charge for property management services?
Three Different Plans
As a part of our Nashville pricing, we have three different plans that you can choose from depending on your situation
I’ll walk through each one of these very quickly and then you can always check out our Nashville Pricing Page for more information.
You can call us 615-925-3880, extension 3.
We’d love to hear from you as well, but if you just want to find out more information, this video will do the job.
Nashville Property Management Pricing – Gold Package
The first package that I’m going to talk from our Nashville pricing to you about is called our Gold Package.
It’s all of our standard property management features.
About 80% of the time that somebody brings a household over to us, it’s vacant.
The first thing that we need to do is come in and takes a look at that house.
I mean, before you sign a management agreement, we’d love to set you up an appointment with Duncan Murphy who’s our team leader.
We’ll perform a full walkthrough, hand you a report that’s going to say, “The house is rent-ready or it’s not rent-ready.”
If it’s not, then we’ll tell you, “Here are some items that need to be taken care of.”
From, the point, once the house is rent ready, we are going to aggressively market your house.
To get as many prospective tenants in to see it. And then also to fill out applications.
And we know if we get a certain amount of applications, we will find you a great well-qualified tenant.
In House Screening
We do all the screening in-house, here at gkhouses. So we used to outsource it, but we like to have better control of it.
So, we do all of it here in-house. Once we find you a great tenant and place them in the home, then you will see your very first fee.
Up until this point, we’ve done all of this work, marketed, screened all these people, and we’ve walked your house, given you a report. All without any upfront fees.
And as a matter of fact, our Nashville pricing we have a 100% happiness guarantee so you can cancel at any time, and there’s no penalty at all.
It is just like if circumstances change or you don’t like us for some reason, you can definitely cancel.
The very first fee that you’re going to see in this Gold Package is what’s called a leasing fee.
And that leasing fee is what we charge. It’s a one-time fee for placing a brand-new tenant.
So, that leasing fee is equal to 50% of the first month’s rent.
Once we place them in, we’re going to collect that security deposit and that leasing fee, we’re going to take it out of the tenant’s first-month rent.
So, if we rent your house for $1,500, then we’re going to take $750 of their initial rent and we keep that as a leasing fee.
Then from that point forward, we’re going to charge, on that Gold Package, $109 per month. It’s just a flat fee.
And like I mentioned, it’s all of our standard services, so we’re collecting rent, we’re communicating with the tenant exclusively so that you don’t have to.
We’re handling any kind of work orders that come in.
If they call and say, “Hey, there’s a leak in the sink and water is running all over the kitchen,” then we’re going to dispatch one of our plumbers to take care of that.
We’re going to electronically disburse funds into your bank account on the second Friday of every month.
Also, we’re going to give you two owner statements per month.
So, all of these things are part of our standard services that we provide you at $109 a month.
It doesn’t matter how much you rent your house for. And, again, that leasing fee is 50% of the first month’s rent.
Nashville Property Management Pricing – Platinum Package
The second package in our Nashville pricing is called the Platinum Package and it has everything in it.
And, it comes with optional services that I’ll describe in just a little bit, but the biggest feature of Platinum, the reason why people choose Platinum is that it has guaranteed rent.
What that means is, let’s say, that we rented your house for, you know, your $1,500 house.
We had a great tenant in there, four months in they lost their job, or they went through some type of personal crisis.
Things that we cannot foresee in the underwriting process because life happens.
If they cannot pay rent, we would still pay you the same amount every single month as we have from the very beginning.
And so, we’re going to continue to pay you regardless if they pay us if we collect rent.
So if for some reason, some unfortunate reason we can’t collect rent and we have to evict that tenant, we’re going to pay for the entire eviction ourselves.
Then also we’re going to, once we have possession of your house, we are going to continue to pay you for an additional three months or until we get a new tenant and place him in that house.
Platinum is a big deal because it has that guaranteed rent. It also has quarterly inspections built in.
We go out to your house once a quarter, we change air filters because we know tenants don’t do that.
We check batteries and smoke detectors and then we just take pictures, walk around the house, take pictures and send you a report saying, “Hey Mr. or Mrs. Owner, this is exactly how the tenant is taking care of your house.”
Those two optional services are in there. I mean, that optional service is in there, that quarterly inspection.
Then we also have a service included in the Platinum and its preventative maintenance for your heating and air system.
The goal is we come out there and once in the spring and once in the fall.
And we want to make sure that everything’s working properly and correct before the heat of the summer comes along and the really cold conditions in Nashville during the winter.
What we’re trying to do is we’re trying to prevent an emergency call or service for your heating and air system.
No Leasing Fee
In Platinum, there is no leasing fee. You don’t pay anything to get a tenant in your home.
The management fee starts at $219 a month. So, it’s a good bit more than the Gold Package, but it comes with all these additional features and it doesn’t have a leasing fee, but it does.
So if you rent your house for $1,500, it’s going to be a certain amount.
But as your rent increases, then the management fee goes up. It’s not an exact percentage. It’s more like in tranches that it’s going to increase.
On our Nashville Pricing Page, we have all of that broken down.
You can click a little link and pull up the full schedule, pricing schedule based on what you think your house might rent for.
That’s the Platinum plan.
Nashville Property Management Pricing – Investor Package
We have Gold. We have Platinum. And then, lastly, we have a plan if you’re an investor and would like a percentage based plan.
We’re offering you the same features that are in the Gold, but the pricing is 8% of rent collected.
The leasing fee is going to stay at 50% and then it’s just 8%.
So, what I would say to all the investors that may be a great deal for you or you may consider, “Well, I really want the flat-fee pricing.”
Totally up to you. It just depends.
You’re just going to have to, kind of, do the numbers and figure out what works best for you.
But we want to give you that option to be on a percentage base because you may want options.
Those are our Nashville property management pricing options for gkhouses.
Again, if you have any questions regarding our Nashville pricing, just dial the no 615-925-3880, extension 3.
We’d love to talk to you, fill out a form on our website.
On this video page, you can find a lot more answers to questions, but we hope this pricing video has helped you out.
Thanks so much.