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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.

PROPERTY

MANAGEMENT

BURBZ &

CO-MANAGEMENT

8-10%

Monthly Management

4-8%

Property Manager

Late Fees: Who Keeps?

Landlord

Not Offered

On-Time Rent Bonus

0-2%

1st Rent Check

Leasing Fee

No fee.  See Vacancy

No limit. No ramification.

Vacancy

Negotiated: Set in Weeks.

Not Applicable

Burbz Software

$10/month

Compare with your actual property

Example of cost savings

Same Property. Different Management Fees.

RENT AMOUNT

$1,500 per month

VACANCY

3 weeks.  How long the unit expects to sit empty.  No rent.

Property Management

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.

Vacancy Loss

No rent earned during tenant turnover.

$1,038

Actual loss of revenue

$1,385*

Co-Mgr bonus is tied to vacancy, not leasing.  Co-Mgr proposes ‘vacancy’ budget, earn remainder.  This example is 4 weeks.

Leasing Fee

Earned for placing a new tenant.

$1,500

Paid upfront.  Earns 1st rent check.

$0

Co-Mgr earns a bonus from Vacancy.  Amortized over lease.

Management

Monthly percent of rent. 

$1,800

Annually.  10% of rent.

$1,080

Annually. 6% of rent.

On-Time Rent

Bonus opportunity to find good tenants.

$0

Not offered.  PM’s prefer late fees instead.

$270*

Max bonus. 1.5% per month.  Incentive to lease good tenants

Burbz Fee

Access to Co-Management platform.

$0

Not used.

$120

$10 per month.  Only taken once rent payment occurs.

Total Annually

Sum of all max potential earnings

$4,338

Owed even if you terminate their services

$2,855

Based on ‘max’ potential for On-Time Rent and Leasing bonus. Minimum is $2,585

Savings

$1,484!

34.20% savings on Management and Vacancy

Our Features

Benefits and Protection for Landlords

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Month-to-Month Contracts

Co-Managers operate on a month-to-month contract.  Allowing easy terimination.

Amortize Bonus

Rather than pay leasing bonusess up front, Burbz amortizes.  Paid monthly when rent is paid.

Auto-Allocation

All funds are allocated when rent is paid.  Landlord and Co-Manager receive their earnings simultanelousy.

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Late Fees

Your risk, your reward.  Late fees are paid to landlords.

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Negotiate Terms

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.

Vacancy Bonus

Co-Managers propose a ‘vacancy budget’.  This becomes their potential ‘leasing bonus’.

Rent Collected

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.