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BEYOND THE RATE WHY FOCUSING ON RATE ALONE WILL ALWAYS COST YOU MORE.
Which is more important to you…cost or value? Sure, they’re related, but where it comes to service businesses not paying attention to both can become very expensive. Take selling a home for example. You could find an agent who charges you well below what others might charge, but what are you getting for that low rate…even more importantly, what are you giving up? If you save $6,000 on commissions, but that agent doesn’t negotiate well for you, and you leave $20,000 on the closing table. How much did you save then? If you hire an electrician to add a few circuits to your home, and you picked him because he was “cheaper” than anyone else, and your home later burns down because he took some shortcuts, how much did you save there?
It’s the same with property management. Sure, you may be able to find a property manager that offers a lower base rate, but what is your exposure for “other expenses?” Do they charge extra for: *finding tenants (typically one month’s rent) *renewing leases (typically $500.00 or more) *managing repairs and maintenance (typically a percentage of the job or an hourly rate) *posting notices (typically an hourly rate) *cancelling a contract without proper notice (this one could be thousands)
The list goes on and on. THESE ARE ALL BASIC PROPERTY MANAGER FUNCTIONS. WHY WOULD YOU PAY EXTRA FOR THEM? Some property managers recognize that many people are “rate sensitive,” in that all they look at is the base rate. These property managers will charge a low “teaser” rate to get you under contract, then bury you in other fees. By the time you realize what has happened, it’s too late.
I can’t tell you how many people call us every single month complaining about their low rate that wasn’t so low after all. Their quoted rate of 5-7% turned out to be 10-12% or more after all the nickel and diming, but by the time they discovered it they were locked into a contract that would cost them thousands to terminate. Don’t let that happen to you. The bottom line…know what you are signing, what you are paying, and what you are getting for that fee. Look for “other” charges in the contract…there shouldn’t be any except for those rare circumstances where a property manager has to go outside the normal and customary duties, like evictions.
We offer the most efficient value-added property management service available, for one low rate.
ONE FEE, NO SURPRISES We back that with a rock-solid GUARANTEE. OUR CONTRACT BEATS ANY PROPERTY MANAGEMENT CONTRACT. PERIOD Bring us ANY contract from ANY licensed property manager, and if we don’t already beat it (unlikely), we’ll agree to beat it by 10%. On top of that, if you’re ever dissatisfied, for any reason, we’ll cancel the contract at no cost to you. No other property manager will offer you this. WE ARE DIFFERENT, let us show you how.
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