MoveZen Offers Several Property Management Service Options Tailored For Every Investor!

Great Results Require Investment (view pdf)

For almost 20 years our company only had 3 costs, management, new move in placement expense, and an onboard charge. When inflation took off, particularly the cost to employ decently committed staff, our company risked insolvency and poor quality. Both of which had to be addressed with a more industry standard set of reasonable service charges

1% of Sales Price

If a resident that we placed in the home purchases the home (within 90 days of lease end), we will be entitled to a 1% commission. We can advise and help with contracts, repairs.

$95 Utility Connect Charge

Utility billing systems are one of our biggest accounting challenges. They are all different, often require unique logins, after buyouts often require multiple modules to pay the same type of account. It’s much easier for an investor to quickly handle their own connections, and this cost is meant to motivate that action, not for us to charge and handle it, but we will if it makes sense.

25% Lease Renewal & Extension

Resident retention is our top priority and we invest heavily in the resources to deliver great results. It’s always a winning strategy to bet on a known great resident, and we are constantly exploring opportunities to enhance our ability to retain our best partners. This charge is 30% of the first new month’s rent. Prorated as needed for shorter or longer terms.

$57 Charge While Vacant

Update: We found that this fee fell disproportionately on the owners who were doing exactly what we recommended leasing wise. We would quickly rent a home because they took our advice fully, but then hit them with a vacancy fee, and that was something we could not continue. We take a harder line now on owners who don’t reduce in the face of obvious signals, but more importantly we improved our messaging dramatically to better outline for landlords what a devastatingly wasteful cost vacancy is. It also far exceeds their annual losses as a result of inflation in most cases. This article was a major part of improving this problem, and led us to be able to rent almost all of our vacant homes before the market slowed dramatically in mid July as we warned happens every year.

https://movezen360.com/property-management-myths-how-to-avoid-them-and-set-the-right-investment-priorities-as-a-landlord/

Post COVID, rental investors seem to take a much more active role in setting prices for vacant listings. You can’t manage your way out of a bad location, and you can’t deliver dramatically above market rents no matter how good you are. At least not for reasonable credit quality. Investors consistently fail to properly account for the very real cost of vacancy. Our days on market have extended dramatically, and that’s a cost we need support to bear if allowed to drag out. If we don’t drive the strategy we can’t take responsibility for the results.

$35 Additional Inspections

For most of the quality homes and residents we manage, semi-annual inspections more than suffice, and we complete these for no charge (2 per year). Additional inspections are acceptable up to quarterly and will cost $35.

Most of these listed costs are optional

$195 Legal Owner Change

There is a surprising amount of work involved in legally transferring ownership of a rental home. Nearly all documents, owner and property setup need to be updated. In addition we have to send a split income 1099 to both owners.

Additional Services

Occassionally an owner needs us to undertake services that are not standard such as waiting at a property for hours to meet their vendor or a section 8 inspector etc. In those instances we require that our staff have your written pre-approval and the cost will be $49 an hour. When you receive quotes from our operations division for direct home repairs you would otherwise have to pay a 3rd party vendor, they are directly quoted and tend to hover around $69 an hour.

Cancellations & Violations

This is a complicated world, and we know investors must take the path that makes sense for them, so we offer a reasonable exit strategy for all stages of the relationship.

Active Lease in place?

50% of the remaining management fees (easily calculated from agreement) to be released from our agreement.

Vacant, No Photos / Scan?

$350 and this will include if we move a resident out, relist the home after you’ve confirmed we are re-renting, then it’s taken off market. Also new signups who cancel for any reason.

Vacant, We took Photos / Scan?

$450 and you can keep all of our photos with no restrictions. This only applies if we took recent photos. It would not apply for photos taken for the previous lease. One charge not combined.

$495 For preforeclosure or premature sales listing

The cost we all face to find committed partners

It’s very well known at this point how hard, and costly it is to secure and retain amazing staff. Obviously an amazing company promising leading results must be made up of amazing people. In a post COVID world the addage “you get what you pay for” has truly never been more relevant.

How Do We Prorate?

At times we might secure a lease for under a year to bridge seasonal slow periods, and make other minor strategy adjustments. We will always fix proration mistakes fairly.

All costs reflect a 12 month term. We simply take the standard 12 month charge, then prorate by the actual months extended. Example: $1000 a month rental, extended at 30%.

($300 divided by 12) X Actual Months

Contact June to get started today!