Lin Mayr
California Certified Residential Manager
 

 

 

 

 

 

 

 

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Management Fee Schedule 2017 - For properties of 10 units or more

Option A: 6.5% of the gross rent per month for Full Service Management services.

  • Collecting rents, issuing late charges and 3-day notices. Follow up with attorney for proper Unlawful Detainer Action (at owner expense). Field all Tenant calls and complaints.
  • Renewal of leases. Inspections at least once per year on the interior. Rent increase notices as necessary. Accounting by our in house Bookkeeper with full reports per property issued once per month. These reports can be used for tax purposes. Monitor all utility costs.
  • Pay all the bills and payments, PITI, and the like.
  • Handling all maintenance items including City and County and Tenant requests. Supervising all maintenance work, finding and organizing quality contractors and workers, collecting proof of insurance (liability and workers comp) from all contractors, and making sure we have current copies of all insurance deck sheets with our Owner’s named as additionally insured. Meeting contractors at the different properties.
  • Monitoring properties on an on going basis. Follow up on tenant compliance with the rules and up keep of the property.
  • Have property insurance quoted in the event you need a new policy or a better policy. Use the best Property Management forms from CAA.
  • Market research on rentals in the area to make sure we are getting the proper rent for the property. Negotiate Leases with the Housing Authority as necessary. We have had over 25+ years’ experience with HUD.
  • When there is a disaster such as fire or flood, we get the insurance company out there right away. We get a crew there right away and secure the situation. We help you negotiate with your insurance company.

Option B: 6% Management Fee. We do all the above in Option A, except you pay the PITI.

We Lease Up vacancies. That fee is 60% of the first month’s rent. Owners pay the Advertising costs. We hold Open Houses, have a special phone line dedicated to rentals only, we screen all applicants at no cost to the Owners for UD’s and good credit. We execute the toughest leases for our clients for 12 months and then our contracts turn into a month to month agreement.

We also will do a RENT UP for a property owner who does not require full management service. The fee is 50% of the first month’s rent but not less than $500, plus an administrative/accounting fee of $50, and any advertising cost.

Pacific Star Realty carries a Workers’ Compensation Insurance to cover independent contractors working on all properties managed. The incremental costs of the insurance are an expense charged to each property managed. Rates vary fromyear to year, as determined by the insurance carrier. For the period 5/6/08 to 5/6/09, these rates are:

Maintenance: $11.75 per $100 labor - Monthly Management: $3.48 per $100 - Rent up charges: $10.59 per $100

 

Maintenance:
Apartment, 5 units or more: 7.02%
Houses, one to four units: 7.86%

Monthly Management:  0.00%

 

Rent up charges: 0.00%
 

We have 30+ years Property Management experience. We belong to the  California Apartment Association (CAA) & Apartment Owners Association (AOA).  We use the best forms available so you have the best protection.

Properties larger than 5 units, managements fees are negotiated per property/owner as each property is unique.

Management Fee Schedule 2017: Single Family Residence

Option A: 10% of the gross rent per month for Full Service Management services.

  • Collecting rents, issuing late charges and 3-day notices. Follow up with attorney for proper Unlawful Detainer Action (at owner expense). Field all Tenant calls and complaints.
  • Renewal of leases. Inspections at least once per year on the interior. Rent increase notices as necessary. Accounting by our in house Bookkeeper with full reports per property issued once per month. These reports can be used for tax purposes. Monitor all utility costs.
  • Pay all the bills and payments, PITI, and the like.
  • Handling all maintenance items including City and County and Tenant requests. Supervising all maintenance work, finding and organizing quality contractors and workers, collecting proof of insurance (liability and workers comp) from all contractors, and making sure we have current copies of all insurance deck sheets with our Owner’s named as additionally insured. Meeting contractors at the different properties.
  • Monitoring properties on an on going basis. Follow up on tenant compliance with the rules and up keep of the property.
  • Have property insurance quoted in the event you need a new policy or a better policy. Use the best Property Management forms from CAA.
  • Market research on rentals in the area to make sure we are getting the proper rent for the property. Negotiate Leases with the Housing Authority as necessary. We have had over 25+ years’ experience with HUD.
  • When there is a disaster such as fire or flood, we get the insurance company out there right away. We get a crew there right away and secure the situation. We help you negotiate with your insurance company.

Option B: 8.5% Management Fee. We do all the above in Option A, except you pay the PITI.

We Lease Up vacancies. That fee is 60% of the first month’s rent. Owners pay the Advertising costs. We hold Open Houses, have a special phone line dedicated to rentals only, we screen all applicants at no cost to the Owners for UD’s and good credit. We execute the toughest leases for our clients for 12 months and then our contracts turn into a month to month agreement.

We also will do a RENT UP for a property owner who does not require full management service. The fee is 50% of the first month’s rent but not less than $500, plus an administrative/accounting fee of $50, and any advertising cost.

Pacific Star Realty carries a Workers’ Compensation Insurance to cover independent contractors working on all properties managed. The incremental costs of the insurance are an expense charged to each property managed. Rates vary from year to year, as determined by the insurance carrier. For the period 5/6/08 to 5/6/09, these rates are:

Maintenance: $11.75 per $100 labor - Monthly Management: $3.48 per $100 - Rent up charges: $10.59 per $100

Pacific Star Realty is committed to making your property run smoothly and be as profitable as possible. We collect bids on big-ticket items, and have had success in getting insurance companies to pay for the sewer replacements on occasion.

We have 25+ years Property Management experience. We belong to the Northern Alameda County Rental Housing Association, a chapter of the California Apartment Association. We use the best forms available so you have the best protection.

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