Management Services

• Property management - 9% of collected monthly rent
• Leasing services when the property is vacant, fee scale below:
• If tenant is placed in 1 month or less - full first months rent
• If tenant is placed in more than 1 month - ½ months, rent
• Property leased by a licensed Realtor in the state of Kentucky. Includes but not limited to marketing, (advertising and viewings), tenant application screening,
• Lease and document execution, move-in inspection, key transfer, tenant and owner portals, publishing leasing documents to owner portal.
• Maintenance fee - $25 per ticket, $50 per trip if 502PM should need to meet contractor.
• Lease renewal fee - $100
• Early termination fee - one month management fee.
• Property management fees and leasing fees are collected directly from the tenants, no out-of-pocket cost to the owner.

• Rigorous tenant screening process using artificial intelligence (background checks, credit history, eviction and civil judgements, tenant verification and reference checks).
• Management of all move ins/move outs.
• Collecting, holding and disbursing tenant security deposits (responsible management of financial/legal liabilities) in escrow per KRS statutes.
• Collecting rent through a robust property management system.
• Direct bank deposits of rental income to owners.
• Monthly/quarterly/yearly accounting and reports, including vacancy reports.
• Expense tracking for tax deductions.
• Income statements/ 1099’s for tax filings.
• Executing “7-day notice to pay or vacate” when tenants are late on rent.
• Preparation of eviction files; coordination with legal counsel for possession. There will be a $500 fee charged to the tenant; however, if this is not paid for by the tenant, the owner will be responsible for this fee. We will pursue legal action against the tenant to recoup this fee for the owner.
• Fielding maintenance requests and emergencies from tenants - property maintenance is the responsibility of the homeowners and tenants. A property management contract does not include cost or labor related to the maintenance and repair of your assets. 

Your contract does include management of repair and maintenance requests. Maintenance costs are billed to the homeowner as a tax-deductible expense against your income. We charge a 10% fee that covers administrative costs.

We manage single-family homes, duplexes, and commercial properties. Contact us to discuss your property and your real estate investment goals.