$150 Per Month Fixed Management Fee for Rental Homes

$150 Per Month Fixed Management Fee

 

Pacific Apartment Management will actively manage your rental home providing superior service and results while achieving the lowest possible costs. The accounting and financial services we provide will be comprehensive, timely and accurate. Our complete service includes a 24-hour, 365 days per year emergency response service.

For a fixed fee of $150 per month, we provide residential property management services for rental homes in the following communities:

 

 

Conejo Valley includingSan Fernando Valley including
• Agoura Hills• Calabasas
• Thousand Oaks
• Hidden Hills
• Oak Park• Woodland Hills
• Westlake Village• West Hills
• Newbury Park• Encino
Malibu• Tarzana
• Moorpark
• Simi Valley

 

Management fees for homes outside the areas listed above average 5% to 6% of the income collected. Leasing fees are 5% of the annual lease amount for the first 12 months.

How our $150 Fixed Management Fee Saves You Money

 

Assume Monthly RentMonthly Management Fee @ 5%Monthly Management Fee @ 6%Our Monthly Management FeeCalculate Your Monthly Management Savings
$3,000$150$180$150$
$3,500$175$210$150$
$4,000$200$240$150$
$4,500$225$270$150$
$5,000$250$300$150$

 

Some management companies charge a combined fee of 10% which includes management and leasing. This is in contrast to charging a lesser management fee and a separate leasing fee which averages 5% of one year’s rent.

Given that most tenants tend to stay for 3 to 4 years, paying a combined 10% is very costly. For Example:

 

Assume Monthly Rent10% Equals$150 Flat FeeLeasing Commission of 5% Amortized over 2 yearsYou Save
$3,500$350/Month$150/Month$87.50/Month$137.50/Month
$4,000
$400/Month$150/Month$100/Month$150/Month

 

If your rent is over $4,000 per month, you save more. If your tenant stays over 2 years, you save more. Do the math. Don’t Overpay.

Rent Control Laws

Rent control laws in California transfer wealth from property owners to renters. This is undeniably true. Rent control laws exist because the voting power of renters exceeds the voting power of property owners. Thus, many politicians are motivated to take wealth from property owners and give it to renters in order to secure their positions of power as elected officials.

Notwithstanding the benefit to renters and politicians who vote for the transfer of wealth, rent control has several disadvantages: (1) The value of rental units is depressed resulting in the loss of wealth and lower property taxes for the government, (2) reduced new construction of rental units in rent controlled areas, (3) The inability of rental unit owners to maintain their properties due to the loss of income. Rent controlled areas are continuously deteriorating. Los Angeles, San Francisco, and Oakland are perfect examples of what happens under rent control.

Pacific Apartment Management

818-991-5200