First, let's talk about what we do not charge: We do not charge a vacancy fee, placement fee, renewal fee, legal fees, lease-up fees, accounting fees, or maintenance service charge. Some companies will charge a maintenance fee, even if your home is vacant. Sometimes this vacancy fee will be a percentage of the expected rent. Others will charge a placement fee each and every time they place an applicant in your home. In this case, if you keep your rental home for five years, and you place five applicants, those other companies will charge you five placement fees, which can add up quickly. Some companies have a set annual renewal fee.
Other property management companies charge even more fees. Many management companies will charge special fees to post three day notices, seven day notices, or take your tenants to court for non-payment of rent or possible eviction. Another practice is to charge a vacancy fee. This is a fee applied against your home while it is empty and being marketed. It is occasionally a percentage of the anticipated rent or a flat amount. Some firms charge an extra fee each month to provide you with a month end / year end accounting. (This process is a simple by-product of our software and is provided at no charge.) Other companies which have their own maintenance staff will often charge their own house rates to cover materials and labor.
Tyson Properties has no hidden or surprise fees. Any and all charges are listed on our Management Agreement. Again, it is important to note, at Tyson Properties we only get paid if you get paid.