Pricing
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Standard
Luxury ($3,500+ Rent) & Investor (5+ Doors)
| Lease Only/Self Manage | Full Management | Full Management Plus
|
|
|---|---|---|---|
|
Management Fee
A monthly fee based off of a percentage of all collected rent.
|
N/A | 10% of rent collected | 12% of rent collected ($250 Cap) |
|
Leasing Commission
The cost to place a tenant when the property is vacant, as a percent of one month's rent.
|
100% of 1 full months rent | 85% of 1 full month's rent | 75% of 1 full month's rent |
|
Lease Renewal Commission
The longer a tenant stays in your property, the better your returns. This fee covers the process of doing a price analysis, work with the tenant on the renewal, and sign a lease renewal.
|
$199 per lease extension | $199 per lease extension | $199 per lease extension |
|
Onboarding Property Set up Fee
This fee covers the initial site evaluation, setting up of the online portals with all properties and tenants in our database.
|
N/A | $75 Vacant, $200 Occupied | Included |
|
Annual Occupied Viewing
90 days before a tenants lease is set to expire, we will perform an onsite evaluation of the property and provide a report with photos identifying anything that may be an issue.
|
N/A | $75 Annually | Included |
|
Maintenance Coordination Fee
A fee charged per completed work order for coordination of communication between parties involved.
|
N/A | $20 per work order | $20 per work order |
|
Tax Prep Fee
We provide you a complete annual statement with income and expenses for each property for the year that you can conveniently use to file your taxes. We also provide you a 1099 by January 31st of each year.
|
N/A | $25 Annually | Included |
|
Animal Guarantee
We offer a guarantee that any damage caused to the home, above normal wear and tear, resulting from the approved pet(s) that is not covered by the security deposit will be reimbursed by 1st Choice Property Management to make necessary repairs on behalf of the owner. This excludes any Service Animals per Fair Housing Guidelines. This Free Animal Guarantee is limited to an amount up to $3,000 per pet. Additional coverages are available as well.
|
N/A | Included $1000 Coverage | Included $3000 Coverage |
|
24/7 Tenant Emergency Call Center Access
Someone is always available to help tenants with any maintenance issues after hours and on weekends.
|
N/A | Included | Included |
|
Termination Fee
If for any reason you are not completely happy with our services and want to leave us, you can cancel your management agreement without penalty at any time.
|
N/A | No termination Fee | No termination Fee |
|
Reserve Fund
We maintain a $500 reserve on each property.
|
N/A | $500 in Reserve | $500 in Reserve |
|
Deposit/Rent/Trust Accounting
Once a month owners get an owner's statement will be loaded to the owners portal showing any monthly transactions.
|
N/A | Monthly Statement | Monthly Statement |
|
Tenant Placement Guarantee
We certify that you will NEVER have to pay 2 leasing fees in the same 12 month period. Now, the only exception would be a federal military relocation, or any other early termination clause required by the state which are out of anyone’s control, but outside of that we guarantee your tenant will stay 12 months, or we will find a replacement at no additional charge.
|
N/A | 12 Months | 24 Months |
|
Detailed Rental Analysis
An in depth analysis of past market activity as well as current trends and competing properties to come up with a pricing strategy that is competitive. The goal is to maximize your revenue and fill vacancies faster.
|
Included | Included | Included |
|
Yard Sign
A professional yard sign will promote your property to drive-by prospects, and existing neighborhood residents who might have a family member or friend looking for a rental.
|
Included | Included | Included |
|
Quality Property Photos
Qualify photos help to attract prospective tenants and rent our properties quicker.
|
Included | Included | Included |
|
Video Tour
90% of renters today begin their home search on the internet, so an online video tour is like having an open house 24/7. According to Realtor.com, properties with videos get 400% more inquiries.
|
Included | Included | Included |
| Syndicated Online Ads w/ MLS | Included | Included | Included |
|
24/7 Leasing Line Service
Someone is always available to answer questions for prospective applicants.
|
Included | Included | Included |
|
Convenient/Automated Showing System
We use a self showing service where prospective tenants can view a vacant property between the hours of 8am-8pm.
|
Included | Included | Included |
|
Weekly Showing Data Email
We use a self showing service where prospective tenants can view a vacant property between the hours of 8am-8pm.
|
Included | Included | Included |
|
Comprehensive Tenant Screening
An in depth look at the applicant to help determine if they qualify per our rental criteria policy. Our comprehensive process increases percentages of a successful tenancy.
|
Included | Included | Included |
|
Pet Screening
All animals are screened by a third party vendor to help identify fake service animals and problem pets. We love pets, but we don't want irresponsible pet owners damaging your property.
|
Included | Included | Included |
|
Lease Preparation
Preparation and execution of a Texas compliant lease.
|
Included | Included | Included |
|
Tenant Utility and Concierige Service
Preparation and execution of a Texas compliant lease.
|
Included | Included | Included |
|
Eviction Guarantee Program
We are proud of our screening process and tenant oversight, if at any time we are in a position to have to evict your tenant we will cover the costs of filing for all of the court appearances involved with evicting a tenant. Additional coverages are available as well.
|
Not Available | Not Available | Included |
|
|
| Full Management Luxury Renting $3,500 per month or more | Full Management Investor 5+ doors |
|
|---|---|---|
|
Management Fee
A monthly fee based off of a percentage of all collected rent.
|
$300 Flat Fee | 9% of rent collected |
|
Leasing Commission
The cost to place a tenant when the property is vacant, as a percent of one month's rent.
|
50% of 1 full months rent | 50% of 1 full month's rent |
|
Lease Renewal Commission
The longer a tenant stays in your property, the better your returns. This fee covers the process of doing a price analysis, work with the tenant on the renewal, and sign a lease renewal.
|
$199 per lease extension | $199 per lease extension |
|
Onboarding Property Set up Fee
This fee covers the initial site evaluation, setting up of the online portals with all properties and tenants in our database.
|
Included | $50 Vacant $150 occupied |
|
Annual Occupied Viewing
90 days before a tenants lease is set to expire, we will perform an onsite evaluation of the property and provide a report with photos identifying anything that may be an issue.
|
Included | $75 Annually |
|
Maintenance Coordination Fee
A fee charged per completed work order for coordination of communication between parties involved.
|
$20 per work order | $20 per work order |
|
Tax Prep Fee
We provide you a complete annual statement with income and expenses for each property for the year that you can conveniently use to file your taxes. We also provide you a 1099 by January 31st of each year.
|
Included | $75 Annually |
|
Animal Guarantee
We offer a guarantee that any damage caused to the home, above normal wear and tear, resulting from the approved pet(s) that is not covered by the security deposit will be reimbursed by 1st Choice Property Management to make necessary repairs on behalf of the owner. This excludes any Service Animals per Fair Housing Guidelines. This Free Animal Guarantee is limited to an amount up to $3,000 per pet. Additional coverages are available as well.
|
Included $3000 Coverage | Included $1000 Coverage |
|
24/7 Tenant Emergency Call Center Access
Someone is always available to help tenants with any maintenance issues after hours and on weekends.
|
Included | Included |
|
Termination Fee
If for any reason you are not completely happy with our services and want to leave us, you can cancel your management agreement without penalty at any time.
|
No termination Fee | No termination Fee |
|
Reserve Fund
We maintain a $500 reserve on each property.
|
$500 in Reserve | $500 in Reserve per Door |
|
Deposit/Rent/Trust Accounting
Once a month owners get an owner's statement will be loaded to the owners portal showing any monthly transactions.
|
Monthly Statement | Monthly Statement |
|
Tenant Placement Guarantee
We certify that you will NEVER have to pay 2 leasing fees in the same 12 month period. Now, the only exception would be a federal military relocation, or any other early termination clause required by the state which are out of anyone’s control, but outside of that we guarantee your tenant will stay 12 months, or we will find a replacement at no additional charge.
|
12 Months | 24 Months |
|
Detailed Rental Analysis
An in depth analysis of past market activity as well as current trends and competing properties to come up with a pricing strategy that is competitive. The goal is to maximize your revenue and fill vacancies faster.
|
Included | Included |
|
Yard Sign
A professional yard sign will promote your property to drive-by prospects, and existing neighborhood residents who might have a family member or friend looking for a rental.
|
Included | Included |
|
Quality Property Photos
Qualify photos help to attract prospective tenants and rent our properties quicker.
|
Included | Included |
|
Video Tour
90% of renters today begin their home search on the internet, so an online video tour is like having an open house 24/7. According to Realtor.com, properties with videos get 400% more inquiries.
|
Included | Included |
| Syndicated Online Ads w/ MLS | Included | Included |
|
24/7 Leasing Line Service
Someone is always available to answer questions for prospective applicants.
|
Included | Included |
|
Convenient/Automated Showing System
We use a self showing service where prospective tenants can view a vacant property between the hours of 8am-8pm.
|
Included | Included |
|
Weekly Showing Data Email
We use a self showing service where prospective tenants can view a vacant property between the hours of 8am-8pm.
|
Included | Included |
|
Comprehensive Tenant Screening
An in depth look at the applicant to help determine if they qualify per our rental criteria policy. Our comprehensive process increases percentages of a successful tenancy.
|
Included | Included |
|
Pet Screening
All animals are screened by a third party vendor to help identify fake service animals and problem pets. We love pets, but we don't want irresponsible pet owners damaging your property.
|
Included | Included |
|
Lease Preparation
Preparation and execution of a Texas compliant lease.
|
Included | Included |
|
Tenant Utility and Concierige Service
Preparation and execution of a Texas compliant lease.
|
Included | Included |
|
Eviction Guarantee Program
We are proud of our screening process and tenant oversight, if at any time we are in a position to have to evict your tenant we will cover the costs of filing for all of the court appearances involved with evicting a tenant. Additional coverages are available as well.
|
Not Available | Not Available |
