Compare Management Fees
Co-Management vs. Property Management Fees.
Learn the different fees and terms that each industry uses. Decide which is the best fit for your need.
How do management costs compare?
Rates and Terms
What makes co-management more desirable are the property management fees. Co-Management focuses on performance and rewarding Co-Managers for earning more profits.
Late Fees: Who Keeps?
On-Time Rent Bonus
1st Rent Check
No fee. See Vacancy
No limit. No ramification.
Negotiated: Set in Weeks.
Compare with your actual property
Example of cost savings
Same Property. Different Management Fees.
$1,500 per month
3 weeks. How long the unit expects to sit empty. No rent.
Traditional fees. PM keeps late fees. No recourse for vacancy or expenses.
Burbz / Co-Management
Incentive based contracts. Earn-Earn relationships. All terms are negotiatable.
No rent earned during tenant turnover.
Actual loss of revenue
Co-Mgr bonus is tied to vacancy, not leasing. Co-Mgr proposes ‘vacancy’ budget, earn remainder. This example is 4 weeks.
Earned for placing a new tenant.
Paid upfront. Earns 1st rent check.
Co-Mgr earns a bonus from Vacancy. Amortized over lease.
Monthly percent of rent.
Annually. 10% of rent.
Annually. 6% of rent.
Bonus opportunity to find good tenants.
Not offered. PM’s prefer late fees instead.
Max bonus. 1.5% per month. Incentive to lease good tenants
Access to Co-Management platform.
$10 per month. Only taken once rent payment occurs.
Sum of all max potential earnings
Owed even if you terminate their services
Based on ‘max’ potential for On-Time Rent and Leasing bonus. Minimum is $2,585
34.20% savings on Management and Vacancy
Benefits and Protection for Landlords
Co-Managers operate on a month-to-month contract. Allowing easy terimination.
Rather than pay leasing bonusess up front, Burbz amortizes. Paid monthly when rent is paid.
All funds are allocated when rent is paid. Landlord and Co-Manager receive their earnings simultanelousy.
Your risk, your reward. Late fees are paid to landlords.
All terms are negotiated between landlord and Co-Manager. No set rates.
On-Time Rent Bonus
Co-Manager can earn bonus when rent is paid on-time. Burbz allocates accordingly.
Ratings & Reviews
Co-Managers have ratings. This justifies their quality. Only Burbz landlords can rate.
Co-Managers propose a ‘vacancy budget’. This becomes their potential ‘leasing bonus’.
All payments are initiated by rent payment. Preventing you from being underwater on fees.
Learn more benefits of Co-Managing
Interested in incentive based Co-Management?
Sign up today to learn more about co-managing and how you can save on management fees.