This is a very important number you need figure out when
searching for a property manager. Most Landlords focus on the monthly
percentage rate, but when you read your contract you’ll find a lot more fees
that apply scattered throughout the contact.
These fees add up which increase
that monthly percentage substantially. Not to mention the additional 30% - 40%
mark-up on maintenance work that’s done in most cases. If your property manager refuses to give you a bill directly from the licensed vendor doing the work, guess what? MARK-UP!
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3XcbqvsUG_UpG2gLo3XRdipxqxKDEMv9-qWHnr8SvUM2RkCY59Rs_aeqCjRVWPhzgYgRApHbdHaJ50mW22bHxJ3_OHzvCmmaE53QhHYLEJ8xWEcqXcsppvgL6ols7qKfz6JRl0NoJ_v09/s1600/worried-about-a-bill-clip-art.jpg)
Very seldom are any 2 properties the same other than floorplan or maybe street appeal, more importantly no 2 Investors are in the same financial position.
How does that effect the rate charged me?
For some of our Investors we charge a flat rate up to $4.00 per day that includes all of our services.
While for others we start at $2.00 per day then add on the services they choose.
Typically commissions are paid at time of leasing but for some we spread that over the term of the lease which would increase
the $2.00 per day rate. Some Investors have their own maintenance contractors and handle those emergencies themselves.
We dare another property management firm match our offer! If
you find one, let us know.
Below is an example of typical charges from other management companies:
Follow this link to figure out what you're paying
property manager calculator
Comparing our costs against competitors
As you can see, our fee structure is changing the property management landscape. If your current numbers are different than this example, please feel free to add up all your annual fees to determine how much you are currently paying. We've built a foundation on being compensated for performance. There are no "Up-Front" fees, nor do you have to wait 3 months before you see a profit from your investment.
HomeQwest has removed all up-front costs other property managers charge before a tenant even settles in.
HomeQwest has eliminated the dreaded "Termination Of Contract" fee. If you're not happy with the way we're managing your home, that means you've lost faith in our abilities and if you've lost faith, then you can walk away at anytime without being penalized.
HomeQwest does not have a maintenance crew on staff for this removes the "conflict of interest" issue. We use 3rd party licensed, insured and qualified contractors. You can interact with these contractors as you see fit, pay them directly,negotiate prices or even schedule their services.
Please note: If you feel that the contracted relationship between your current property manager and yourself have become suspect and you lack the feeling of confidence in the fiduciary responsibilities owed to you contractually, please contact your attorney and have them send a letter on your behalf. You wish your contract be returned (terminated) to you along with an accounting of balance belonging to you plus any amount held in escrow for your tenant without any termination fees.
If you feel there have been any improprieties, you need to contact the Florida Department of State, Department of Business and Professional Regulation (DBPR)
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