Are you considering hiring a property management company but worried about the potential costs? We understand your concerns, which is why we aim to make the process transparent and straightforward at Nickel City Property Management. In this blog post, we’ll break down our pricing structure and introduce you to our unique triple win philosophy.
When it comes to property management fees, it’s essential to understand the common charges you might encounter with different companies. Typically, these include the management fee, leasing fee, and renewal fee. However, at Nickel City Property Management, we believe in simplicity and aligning our interests with property owners through our triple win philosophy.
Let’s dig into the details of our pricing model:
1. Management Fee: This fee is a percentage of the rent collected and serves as our primary source of income. Unlike other companies that may have additional fees, we have chosen to consolidate all costs into one straightforward fee. At Nickel City Property Management, our management fee is 15% of the rent collected.
2. Leasing Fee: Many property management companies charge a leasing fee, typically ranging from half a month to a full month of rent. However, we have eliminated this fee from our structure entirely. We believe that by removing the leasing fee, we can better align our interests with property owners and focus on securing long-term tenants.
3. Renewal Fee: Some companies charge a fee for preparing and executing renewal leases. At Nickel City Property Management, we have chosen not to impose this additional cost on our clients. Instead, we prioritize building long-term relationships with both property owners and tenants.
Our triple win philosophy is at the core of everything we do. By simplifying our pricing structure and aligning our interests with property owners, we create a win-win-win situation for all parties involved. Our 15% of the rent collected Management Fee, is the only fee we charge.
So, what exactly is our triple win philosophy?
Win for Property Owners: By charging a single, transparent management fee, we provide property owners with peace of mind and predictability. Our goal is to maximize the return on investment for our clients while minimizing hassle and stress.
Win for Tenants: We prioritize finding and retaining quality, long-term tenants. By eliminating leasing fees and focusing on tenant satisfaction, we create a positive renting experience that encourages tenants to stay for extended periods.
Win for Nickel City Property Management: Our success as a property management company is directly tied to the success of our clients. By fostering long-term tenant relationships, we reduce turnover and vacancy rates, ultimately benefiting our business in the long run.
In conclusion, when you choose Nickel City Property Management, you’re not just hiring a property management company – you’re partnering with a team dedicated to your success. Our transparent pricing structure and triple win philosophy ensure that everyone involved benefits from our services. Contact us today to learn more about how we can help you achieve your property management goals.
Steve Kottakis, CEO
Steve Kottakis is the CEO of 716 Property Management and brings years of experience as an owner and investor to help clients better manage their assets.