Hey everybody! Spencer Sutton here with evernest. I’m here to answer the question, “What is your property management pricing in Fort Collins?” This is one of the most common questions we get from prospective owners.
We have three different pricing plans, which you can view on our Fort Collins pricing page. We have a Gold plan, a Platinum plan, and an Investor plan. I will walk you through each of those.
On average, 80% of the time we receive a house, it is vacant. Maybe an owner or a tenant has moved out, and they ask us to come in and manage the property.
The very first thing we do in this scenario is a full inspection of the house.
This doesn’t cost you anything. It is just something we do to get a good assessment of your property. Then we write a report to explain whether the house is rent ready or if it needs some work. If work needs to be done, we list the different items on there.
Once the house is ready to rent, then we aggressively market the home. We list the property on our website, Trulia, Zillow, Facebook Marketplace, and many other reputable sites.
We screen thoroughly for very specific criteria with each applicant in order to find a well-qualified tenant for your house. Once we find that tenant, we collect a security deposit and first month’s rent. Then they sign a lease.
Up until this point there’s no fee. You haven’t paid anything for our services!
The first fee you will see on any of our packages is the leasing fee. This one-time fee covers all the work we do in getting that tenant in, screening them, and getting them to sign a lease. The leasing fee in the Gold package is 50% of the first month’s rent. This is a one-time fee for placing a brand new tenant. We will take it out of the tenant’s first month rent.
From that point forward, the management fee is $109 a month no matter what you charge for rent.
This will include all of our standard property management services. Rent is directly deposited into your bank account each month. We also handle any work orders and communicate with the tenant for you. This is all paid for with that $109 management fee.
We also have optional services that you can choose from.
One of these is quarterly inspections. In those quarterly inspections we change air filters in the home, check batteries and smoke detectors, and then walk around the house to take pictures. We do this to provide you with a report of what we find. This allows us to let you know exactly how the tenant is taking care of your property.
The other service is preventative maintenance on your heating and air system. We go out twice a year, once in the spring and once in the fall, to make sure that everything is working properly.
These are two of the optional services that you can add to the Gold Package for an additional charge.
The Platinum Package is the Cadillac of packages. This plan is more expensive, but it’s special because we guarantee rent.
Let’s say we found a great tenant for your home, and then five months in, they lose their job or they go through some type of personal crisis and are unable pay rent. You would still receive the same amount of rent regardless. We’ll still send you the same funds every single month, whether they pay or not.
And if for some unfortunate reason we have to evict a tenant, then we will pay for all of that as well.
We’ll pay for the attorneys, the court calls, and the set out charges, and you will still be getting rent during that process.
Once we take possession of your property again, we pay you for an additional three months or until we find you another qualified tenant, whichever comes first.
The quarterly inspections and the furnace inspection are included in the Platinum plan. We do the furnace inspection biannually in the spring and in the fall.
There is no leasing fee with the Platinum Package, but the monthly management fee is more expensive than the Gold. It starts at $219 and then goes up based on how much you rent your house for. On our Fort Collins pricing page, we have a scale account of what that those prices would be.
Our last plan is the Investor Package. If you are an investor with one or more properties, we offer a pricing structure more suited to what investors are used to.
The leasing fee is 50% of the first month’s rent. The monthly management fee is 8% of rent collected.
The Investor Package includes the same services that are in the gold package. You would have the opportunity to add additional services if you wanted to.
With these three packages, we provide options that you can choose from to find the best fit for you.
If you have any questions, don’t hesitate to reach out!
Spencer is the VP of Marketing at Evernest. He wakes up with Google and Facebook on his mind. Having bought and sold over 150 homes in Birmingham, Spencer gets a kick out of helping new and seasoned investors navigate the mistakes he made as an investor. Spencer is also passionate about his love for Michael Jordan and does his best to explain to the Millennials (who never saw him play live) how much better he was than LeBron. He loves to hang out with his wife, kids, and the world’s best black lab, Jett.
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