Management Plans |
Best For
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All-Inclusive
Single Property Investors (1 Door)
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Full-Service
Single Property Investors (1 Door)
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Investor
Portfolio Investors (2+ Doors)
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Management Fee
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$225/month
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$125/month
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2-4 “Doors” – $110/month
5+ “Doors” – $100/month
All rates are per door
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Property Onboarding Fee
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$200
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Resident Onboarding Fee (if property already has resident)
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$150
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$150
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Resident Placement Fee
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$900
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$900
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Capital Maintenance Fee
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See Below
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See Below
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Lease Renewal Fee
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$250
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Annual Administrative Fee
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$50
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Annual Property Survey
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Eviction Protection Fee
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Optional ($15/month)
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Optional ($15/month)
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Eviction Coordination (when resident is turned over to attorney)
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Attorney fees plus $200 (waived with Eviction Protection Fee)
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Attorney fees (waived with Eviction Protection Fee)
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Property Close-out Fee
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$250
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Rental Rate
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Owner sets initial rate. Price drops automatic per PURE policy.
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Owner sets initial rate. Price drops automatic per PURE policy.
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Set by PURE
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Owner Commitment
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Management contract runs concurrent with resident’s lease
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6-month contract then month-to-month
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6-month contract then month-to-month
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Key Details and Explanations
Management Fee – The management fee is charged for any part of a month with the unit occupied. For new properties the management fee is charged on the 1st calendar day of the month following when a property is posted for rent. (For example, a property posted for rent on January 20th would be charged a management fee on February 1). If a resident’s lease starts during the same month that a property is posted for rent, then the management fee would be charged for that full month without proration. (For example, a property is posted for rent on January 10th and a resident moves in on January 25th, then a full management fee would be charged for January).
Resident Placement Fee – (Full-Service & Investor Plans) The fee is $900 per resident placement. Broker earns this fee upon collection of a non-refundable deposit from an incoming resident.
Lease Renewal Fee (Full-Service Plan Only) – The fee is charged upon the resident signing a lease renewal with a term of at least 6 months in length.
Eviction Coordination Fee – (Full-Service plan only) Broker charges a $200 administrative fee to coordinate the eviction process with PURE’s attorney.
Property Close-out Fee – (Full-Service plan only), Broker charges a $250 administrative fee to close out a property when the property owner terminates the management relationship for a property.
Annual Administrative Fee – (Full-Service plan only) Broker charges a $50 annual administrative fee on January 1st of each calendar year which covers the preparation of annual owner reports.
Capital Maintenance Fee – (Full-Service & Investor Plans) The fee is charged based on capital improvements and maintenance expenses incurred in a calendar quarter. A fee of $150 is charged when these costs exceed $1,500 in a calendar quarter. An additional $100 (total of $250) is charged after capital improvements and maintenance expenses exceed $2,500.
Annual Property Survey – Each management plan includes one complimentary property survey per year occurring at a lease renewal or resident moveout. Owner may optionally request additional property surveys at a cost of $125 per survey.
About Brentwood
The first known residents of Brentwood were prehistoric Native Americans. Known as Mound Indians or Stone Box Indians, these Mississippian-period people built mounds with ceremonial buildings. Such early villages have been found in the Meadowlake subdivision, at the library site on Concord Road and at Primm Historic Park where the largest of the mounds is still visible today. By 1320 the groups had seemingly disappeared. No one knows if it was due to disease or to their choosing to leave because of threat of warfare.
When the early white settlers arrived in Brentwood in the late 1700s, the area had become a hunting ground for nomadic Native Americans coming up from Georgia and Alabama. This resulted in many conflicts. At least one massacre occurred in 1786 at the Southerland Mayfield family fort at Wilson Pike and Old Smyrna Road. Mayfield and two other men were killed and his son George was taken captive for ten years.
Some of the first families were those of James Sneed, Robert Irvin Moore, Thomas Hardeman, Gresham Hunt, Samuel and Andrew Crockett, and John Edmondson who arrived well before 1800. The Holts, Herberts, Frosts, Hadleys, Hightowers, McGavocks, and Owens soon followed. Many of these families were given land grants because of service in the Virginia or North Carolina troops during the Revolutionary War. Many of these families historic homes are still on display today.
Source: Wikipedia
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