Pricing

There is a fee of 50% of one month’s rent to procure a tenant for the property. If a tenant is represented by a Realtor, then that Realtor’s commission is paid by SPM from the fee received on the commission.

Note: The Leasing fee is deducted from the funds received from the tenants during the leasing process. The first month’s rent will usually be sufficient to pay the leasing commission.

The management of the property monthly is covered by an 8*% management fee. *$175 fee per unit minimum per month.

If repairs are required on the property, a 10% fee is charged for the oversight of the contractors and vendors involved in the repair for repairs over $1500.

If a tenant must be evicted from the property for a breach of the lease, SPM can appear on behalf of the property owner in court hearings. There is an hourly charge of $95 per hour for this service. This is in addition to Attorney fees, any court costs for filing, and process service.

When lease renewal is completed, a $105 charge will be assessed to the property owner in lieu of a Commission/Leasing Fee.

A $125 fee will be charged if SPM is responsible for the initial registration of the property(ies) with the City Rent Boards. A $50 fee will be charged for the annual renewal filings and payments processed by SPM.

The CFTB requires PMs to withhold 7% of the income received and remit quarterly for any non-resident (CA) Owners. A $195 fee will be charged for SPM to complete the Waiver request and/or $75 for filing & paying the CFTB quarterly reports & payments.

N/A for Tenant Placement Only Services

The commission for finding, assessing, and acquiring a tenant is

100% of one month’s rent. This is shared with the Tenant’s Realtor, if applicable.

 $50 per unit per month.

Note: The fees will be deducted from the funds received from the tenants during the leasing process. The first month’s rent will usually be enough to pay the leasing commission.