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VICE Realty offers management at 8% of rents collected. We do not have any hidden charges. There are no contract fees, no lease signing fees, no lease renewal fees, no tenant finding fees. We only want 8% of rents collected. The goal here is that you, as the investor, make money on your property instead of passing all those profits along to the property manager.
Although most companies charge you as an owner to sign a tenant to a lease in your property, we at VICE Realty do not. There are no lease signing fees here at VICE Realty.
Depending on the term of the rental lease it could expire monthly, every six months, or yearly. Most companies actually charge you, the owner to simply resign the current tenant to another lease. This is thievery in my opinion and we do not do that. There are no lease renewal fees at VICE Realty.
At VICE Realty we receive hundreds of phone calls each week for tenants seeking placement. We have more tenants than units. We do not have to advertise for tenants and this cost savings is passed on to you, the owner. Some cases will exist in house rentals where we seek highly qualified tenants and in this case we might need to market your property to attract the best candidates. This typically costs $300 for the agent representing those candidates. VICE Realty charges you zero on our end for this service (usually $300-$600). We only have to reimburse the agent who brought the candidate to us for you.
Many property management companies try to coerce owners to sign yearly contracts, or worse, to lock the owners into a contract for the length of the tenant leases. This basically allows the management company to completely take over your property. At VICE Realty we do not do this. My contract is month to month only. If you want to leave for any reason, you can. You won’t want to, but you can at least be at ease knowing the choice is yours and not something forced on you.
Maintenance is the one area where owners’ bottom line can be decimated. Damages will occur. This is just part of this business. How quickly and inexpensively they can be corrected is very manageable, but most property managers fail miserably at this. It isn’t their money they are spending. It is yours. They typically get a few bids from overpriced contractors who will take a week to complete the job. Our owner, Derek Moellinger also owns AKAP Contracting and is a license B-2 Contractor. We have a staff of specialized repairmen who are all OSHA certified and insured. Keeping this in house allows VICE Realty to pass the savings for repair costs to the owners we represent.
Evictions are an unfortunate part of the real estate business. The laws are heavily in favor of the tenant. Every day a tenant is in your property not paying the rent that is owed to you is costing you money. At VICE Realty we begin the eviction process the day we are legally allowed to do so. We do not waste time with your money. We do not outsource this process. Everything is done in house with our staff. This shortens the processing times and reduces the costs for you as an owner.
In today’s age of technology most people have pretty amazing access to marketing materials. It is easier than ever to post something online and have it seen by many. The difference at VICE Realty is we direct your properties to the exact people who need to see it. But it requires more than just a listing. We have an enormous database of buyers and sellers and we reach out to them directly for each deal to get your property in front of those seeking your exact property.
I want the opportunity to manage your property and show you how I can increase your profits. I am not just your typical property manager. I am an investor first. I became a property manager because I didn’t like what I saw from the ones I had used, so I cut out the middle-man. I will increase your profits and reduce your headaches. I charge a flat 8% with no other fees.