Bay Property Management Group only charges
four fees:
1
A competitive monthly management fee, which can vary drastically. We have some owners who pay 3% and other owners who pay 10%. The monthly management fee depends on the number of units you have with Bay Property Management Group, the location of the property, and the expected rental amount on a monthly basis. Typically our management fee falls between 5-8%.
2
We charge one month’s rent to lease a vacant unit. This fee is only charged once the tenant moves into the property. We do NOT charge this fee upfront.
3
Our lease renewal fee typically ranges from $299 to 25% of one month’s rent, depending on the state and jurisdiction.
4
To get started with our property management services, we charge a one-time onboarding fee of $99. This fee covers the setup of your account, initial property assessments, and the coordination of any necessary paperwork or service arrangements. It’s a small investment to ensure a smooth and efficient start to managing your property!
*some locations charge $199 to obtain or renew a rental license or U&O permit*