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.