Thank you for considering eLink Realty as your property management company.
Property Management Costs and Fees Overview:
- For rental contract / startup costs, we charge the lowest fee of 1st month's rental income towards rent analysis, advertising to find tenants, selection of tenants, lease setup, etc.
- Management fees for the following months are the lowest percentage fee of monthly rental income. Monthly management fees includes managing tenants, responding to maintenance requests, finding appropriate contractors and overseeing repair work, etc.
- We want homeowners to be involved in the tenant selection process. We create a
separate messaging group for each homeowner to communicate all things related to leasing and tenants so that you will be fully aware of all details and progress. - Maintenance requests: maintenance is paid by homeowners if the issue is a result of normal wear and tear and appliance aging. Maintenance is paid by tenants if due to tenant damage or improper use.
- Our leases are signed year-to-year. Following a year of tenancy, we assess the tenant and the current rental market to consider rent adjustments.
- If the tenant is doing well in the rental agreement, then we analyze the rent according to the market, make a modest adjustment to the rent, and renew the current tenant for another year. For this, we only charge the renewal fee and the monthly 7% management fee remains unchanged.
- If you want to have a new tenant or if your current tenant decides to move out, will return to 50% of 1st month's rent to find new tenants and, 7% management fee for the following months.
If you have any questions, you can contact your management team at any time via your messaging group.