Why We Do Flat Fee Pricing
Property managers do more than just collect rent and pay bills. We also help you accomplish your profit goals. In this article, our CEO Jarrett Lau explains why our flat fee pricing is a win-win deal for you, especially in the long run. Why Flat Fee Pricing Probably the most common question that…
Property managers do more than just collect rent and pay bills. We also help you accomplish your profit goals. In this article, our CEO Jarrett Lau explains why our flat fee pricing is a win-win deal for you, especially in the long run.
Why Flat Fee Pricing
Probably the most common question that I get when we have new people asking us about our pricing for management is “Why do you do flat fee? Everybody else does a management fee based upon a percentage of rent.” Well, there are two sides to it.
#1 With our flat fee pricing, you increase income without adding expense
If you pay for management services based on a percentage of the rent, that means that your property manager earns more when you also make more money. That can be a good incentive, and we understand that. But at the end of the day, our job as property managers is to make you more income in general. For you to do that, you need to know your expenses on a yearly basis. One of those expenses is the management service fees, but you can count on our management fee to always be the same flat price of $149 per month per unit.
That means that if you are making $3000 for rent, our $149 management fee–roughly $150–would be about 5% of the rent, which is the industry average. Imagine if your rent goes up to 32, 33, or $3400; that percentage rate lowers. You get to keep more of the income without having to increase your expenses.
#2 With our flat fee pricing, property management is affordable
We have a client that we just took on. Their rent will be $6000 and the $149 will be such a small percentage of it. Even so, they still get the great services that we give. At the end of the day, we want to make it affordable and we want everybody to benefit from our management services.
Please do reach out to us if for some reason that flat fee pricing doesn’t work for you. Just know that our job is to make you more money and we want to help you accomplish that by increasing your rent, lowering your expenses, and saving you in more ways other than just collecting rent and paying bills. A proactive property manager will help guide you through things like insurance, proactive maintenance, and other things to negotiate down your rates to save you more money.
Our commitment
If you or anyone else you know is looking for a proactive property manager that can guarantee a flat management rate every single year for you, please think of Green Ocean Property Management: where you get more than a property manager, you get peace of mind.
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