Tenant procurement fee

[Jennifer Lyles]

I see a lot of posts with questions regarding property management.  As a property manager, I often get asked what the tenant procurement fee covers so I thought I would share some things that you can expect to be included in that fee.

- Any initial inspections of the home

- Marketing photos

- All advertising

- Coordinating/overseeing repairs (if any) to make the home move in ready and processing those invoices

- Showing the property

-paying all agent referrals 

-screening all applicants over the age of 18 that would be occupying the home (on average we spend 2-4 hours PER application)

-present the owner with an applicant

-securing the deposit in an escrow account

-drafting the lease

-setting up owner and tenant portals

-completing the move in inspection and move in documents

-processing the move in documents and sharing them with the owner

I hope this info helps all you new investors or people looking to interview property management companies!

Good Luck :)