MANAGEMENT FEES

FirstService Residential Realty’s rates are very competitive. A fee is charged for marketing and at successful tenant placement. Thereafter, a monthly management fee applies. Our goal is to keep your property occupied and generating revenue; therefore, no management fee is charged during any vacancy period.

The following is a summary of the fees assessed and the deposit requirements:

• Setup Fee - A $250 setup fee is required to establish your account. This fee covers the property inspection and evaluation, digital photos, website setup, data entry into the property management software system and tracking of keys, remotes, etc.
• Operating Reserve – A $250 deposit is required and will be held as a balance left in an account to cover costs of small repairs and maintenance.
• Management Fee - Our standard management fee is 8% of the monthly rent collected with a $65 minimum fee.
• Tenant Placement Fee - A leasing fee of $400 or 25% of the monthly rent, whichever is greater, is charged for each new tenant found. This includes all advertising costs associated with finding a tenant.