0-4 Units
10% Management Fee
- Tenant Placement Fee – 50% of 1 full months rent or $600 whichever is greater
- Leasing Renewal Fee + Inspection – $99
- Professional Photography – $120-150 billed to the owner. The owner does retain photo rights.
- HVAC Maintenance & Filter – $80 and is billed every 6 months
- Setup Fee – $0 for vacant properties, $49 per MF door and $99 per SF door
- Advertising
- Detailed Monthly Reporting & Funds Distribution
- Owner Online Protal Access
- Electronic Rent Collection
- 24/7 Emergency Response
- Investment Strategy and Portfolio Analysis
- Private Showings – 9am to 9pm
- Tenant Management
- Move-out Inspection
- Year End Accounting with 1099
- Evictions – Actual cost of eviction & attorney fees. Court appearance fees $150 per occurrence.
- Maintenance Services – Competitive market rate and no markup on invoice
- Turnover / Make Ready Renovations – No project management fee charged up to $2500 (Standard turnover Paint, flooring, cleaning & minor handyman repairs) Turnovers exceeding $2500 will be subject to a 10% markup for management, coordination & inspection of completed work. Any repairs that exceed $5000 will be handled by 816 Renovations LLC and are subject to their own terms and conditions.
5-9 Units
9% Management Fee
- Tenant Placement Fee – 50% of 1 full months rent or $600 whichever is greater
- Leasing Renewal Fee + Inspection – $99
- Professional Photography – $120-150 billed to the owner. The owner does retain photo rights.
- HVAC Maintenance & Filter – $80 and is billed every 6 months
- Setup Fee – $0 for vacant properties, $49 per MF door and $99 per SF door
- Advertising
- Detailed Monthly Reporting & Funds Distribution
- Owner Online Protal Access
- Electronic Rent Collection
- 24/7 Emergency Response
- Investment Strategy and Portfolio Analysis
- Private Showings – 9am to 9pm
- Tenant Management
- Move-out Inspection
- Year End Accounting with 1099
- Evictions – Actual cost of eviction & attorney fees. Court appearance fees $150 per occurrence.
- Maintenance Services – Competitive market rate and no markup on invoice
- Turnover / Make Ready Renovations – No project management fee charged up to $2500 (Standard turnover Paint, flooring, cleaning & minor handyman repairs) Turnovers exceeding $2500 will be subject to a 10% markup for management, coordination & inspection of completed work. Any repairs that exceed $5000 will be handled by 816 Renovations LLC and are subject to their own terms and conditions.
10+ Units
8% Management Fee
- Tenant Placement Fee – 50% of 1 full months rent or $600 whichever is greater
- Leasing Renewal Fee + Inspection – $99
- Professional Photography – $120-150 billed to the owner. The owner does retain photo rights.
- HVAC Maintenance & Filter – $80 and is billed every 6 months
- Setup Fee – $0 for vacant properties, $49 per MF door and $99 per SF door
- Advertising
- Detailed Monthly Reporting & Funds Distribution
- Owner Online Protal Access
- Electronic Rent Collection
- 24/7 Emergency Response
- Investment Strategy and Portfolio Analysis
- Private Showings – 9am to 9pm
- Tenant Management
- Move-out Inspection
- Year End Accounting with 1099
- Evictions – Actual cost of eviction & attorney fees. Court appearance fees $150 per occurrence.
- Maintenance Services – Competitive market rate and no markup on invoice
- Turnover / Make Ready Renovations – No project management fee charged up to $2500 (Standard turnover Paint, flooring, cleaning & minor handyman repairs) Turnovers exceeding $2500 will be subject to a 10% markup for management, coordination & inspection of completed work. Any repairs that exceed $5000 will be handled by 816 Renovations LLC and are subject to their own terms and conditions.
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Tech Stack
AppFolio Property Manager is a comprehensive, cloud-based property management software solution designed to automate and streamline all facets of property management. With its user-friendly interface, AppFolio allows 816 Property Management to efficiently manage rental properties, accounting, and leasing processes in one platform. It offers real-time access to property and tenant information, enabling us to make data-driven decisions to maximize your investment property’s profit. Its robust analytics and reporting capabilities ensure your property aligns with current market trends and success metrics.AppFolio Property Manager is a comprehensive, cloud-based property management software solution designed to automate and streamline all facets of property management. With its user-friendly interface, AppFolio allows 816 Property Management to efficiently manage rental properties, accounting, and leasing processes in one platform. It offers real-time access to property and tenant information, enabling us to make data-driven decisions to maximize your investment property’s profit. Its robust analytics and reporting capabilities ensure your property aligns with current market trends and success metrics.
Tenant Turner is a leading leasing automation software that simplifies the tenant placement process. By integrating Tenant Turner, 816 Property Management ensures a seamless, efficient scheduling and screening process for potential tenants. This technology helps us quickly fill vacancies with qualified tenants by using pre-screening questions, automated scheduling of showings, and follow-up communications. The result is a faster turnaround time for your investment property, reducing vacancy periods and increasing your rental income.
RentCheck is an innovative inspection software that allows for transparent, remote property inspections. By utilizing RentCheck, 816 Property Management can conduct detailed property inspections without being physically present, ensuring your property remains in top condition. This technology facilitates regular maintenance checks and damage assessments, allowing for prompt repairs and upkeep. It enhances the trust between property owners and managers by providing documented, visual evidence of property conditions, helping protect your investment over time.
*$15 one time fee charged once per year, per property to owner.
Rentometer is an essential tool for analyzing rental price trends in specific locations. By leveraging Rentometer, 816 Property Management ensures your rental rates are competitive yet optimized for maximum profit. This tool allows us to assess how your property’s rent stands in comparison to others in the Kansas City area, enabling us to adjust pricing strategies in real-time according to market dynamics. Rentometer’s insights are crucial for staying ahead in the competitive rental market and securing the highest possible return on your investment.
Phone Tenders is a specialized call management solution tailored for property management businesses. It ensures that all incoming calls from tenants and prospects are handled professionally and efficiently, maximizing customer satisfaction and engagement. By incorporating Phone Tenders into our tech stack, 816 Property Management ensures no call goes unanswered, providing a reliable communication channel that enhances tenant acquisition and retention. This system streamlines the leasing process, maintenance requests, and tenant communications, contributing to the overall success of your property management strategy.
LeadSimple is a cutting-edge CRM and sales automation platform specifically designed for the real estate and property management industry. It streamlines the process of managing leads, follow-ups, and conversions, ensuring that potential tenant and owner inquiries are promptly and effectively addressed. By implementing LeadSimple, 816 Property Management enhances its lead generation and nurturing processes, ultimately increasing conversion rates and driving more business. The platform’s robust tracking and reporting features allow for optimized marketing strategies and improved client relationships, directly benefiting your property’s profitability and growth.
Tenant Placement
You have two options when it comes to Leasing & Tenant Placement. If you wish for just Tenant Placement without a Management agreement we charge 100% of the first full month’s rent. If you agree to Management services, you would be charged 50% of the first full month’s rent or $600, whichever is greater. No matter which plan you choose it’ll include the following Tenant Placement services:
- Running rental comps on the property
- Professional photography (charged back to property owners. You retain the photo rights)
- Custom Descriptions
- Mass website distribution on all popular rental sites
- Social media marketing
- Scheduling tours and following up for feedback & applications
- Screening residents to check credit reports, criminal, income, and rental history
- Creation of lease documents and any appropriate addendums needed to protect the client
- Documenting pre-resident conditions of the property
Our monthly management fee ranges between 8 to 10%, depending on the number of units being managed, location or price point. The services included are:
- Rent collection and processing
- Access to Appfolio owner portal for ACH processing, reporting, and maintenance requests
- Management of standard tenant maintenance requests and the approval process with the client on items costing more than $300
- Property service inspections to ensure maintenance issues are being resolved and prevent future problems
- Eviction and collection management if needed. *Legal fees would be an extra cost
- Process move-out and management of the make-ready turn
- Security Deposit Disposition preparation
Management
Our monthly management fee ranges between 8 to 10%, depending on the number of units being managed. The services included are:
- Rent collection and processing
- Access to Hemlane for tenants and clients for ACH processing, reporting, and maintenance requests
- Management of standard tenant maintenance requests and the approval process with the client on items costing more than $350
- Property service inspections to ensure maintenance issues are being resolved and prevent future problems
- Eviction and collection management if needed. *Legal fees would be an extra cost
- Process move-out and management of the make-ready turn
What makes 816 Property Management different?
- Clients do not get charged a vacancy fee
- We don’t mark up maintenance invoices from vendors
- A $99 renewal fee is charged for negotiating rent and retaining tenants. This includes a property inspection, new lease, new app/screening, if needed & updated market analysis of property value & rental rates.
- Through our brokerage partnership with Sold in KC LLC, we can help owners analyze the market and make offers on properties.
- Large make-readies over $5000 are not handled within your management fees. If agreeable, any repairs over $5000 will be handled by our sister company, 816 Renovations LLC. Terms & Conditions will be determined when discussing the scope.
Hi, my name is Meagan Kang I am the founder of 816