Owner Price List

                                                                                

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Set-up Fee: $0
There is no set-up fee for new accounts.
 

Ongoing monthly basic fee: 8.5%   
This is the basic fee for rental of a residential single unit such as a single-family

home, condo or townhouse. 

If we don’t collect rent, you don’t pay the fee.

 

Multi-unit properties receive the following discounted rates:
 

2 to 3 units: 8.2%
4 to 12 units: 7.8%
13 to 30 units: 7.6%
30+ units: 7.4%
 

Barnaby Monthly Basic Fee Covers:

 

• Rent collection

• Biannual property inspections

• Warning notices to tenants if rent is late

• Communication with tenants

• Emergency contact: we are available 24/7 in case of emergencies

• Production of monthly owner statements

• Lease renewals, a process that begins 100 days prior to lease expiration

• Market analysis to determine the correct rental rate increases

 

New Tenant Placement Fee - $1350 flat fee
This is a one-time fee for finding, screening and placing new tenants. This includes photographing the property, advertising the vacancy, and showing the property to prospective applicants. We verify each applicant’s FICO score and background. We also verify income and ensure that each applicant reads and understands the screening criteria before they submit their application. Our rate is less than the typical rate (50% to 100% of first month's rent) charged by other property management companies.

Note: If the Owner wants only tenant placement services, without on-going management services, this fee is $1975 flat (please note property has to be ready for pictures and posting). We do not engage in managing on going repairs to prep the property for the market. Extra $500 will be charged if we engage in on going repairs to prep a placement only property for the market).
 

Lease Renewal Fee - $0
Barnaby gives tenants two options at renewal time (12-month or month-to-month) and reviews these options with the owner prior to submitting them to the tenant.
 

Vacant Property Fee - $0
If no tenant is paying to live in your unit, you don’t need to pay the monthly basic fee.

 

Property Inspection Fee - $0

Home inspections are done every 6 to 8 months, depends on tenants move in date.

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Notices & Legal Documents Fees -  $0
Barnaby does not charge owners for issuing 72-hour notices or 30-day notices to tenants. The legal costs of a formal eviction process are not included.
 

Eviction Costs - free up to a point

Barnaby does not charge to post or mail the first notice, send the first demand letter to tenants or meet with tenants in-person to collect rent. If these collection efforts are not successful, a full legal eviction may be necessary. The owner is responsible for process server fees, attorney fees, court costs and other expenses related to a full eviction, which can take 90 days. To avoid these expenses and delays, some owners prefer to take our “cash for keys” approach to getting a tenant to move out.

 

Cancellation Fee - $0 if vacant (prior to advertising efforts)

If the Owner terminates this agreement before Barnaby has placed a tenant in the unit, the Owner agrees to

pay Barnaby a $500 cancellation fee. If the Owner terminates this agreement after Barnaby has placed a Tenant in the unit and collected a New Tenant Placement Fee, the Owner pays no cancellation fee. If Barnaby initiates the termination of this Agreement, the Owner pays no cancellation fee.

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Bill Payment Fee - $0

If you want us to make owner payments on your behalf, such as payments to mortgage or insurance companies, Barnaby PM does not charge an additional fee for this service.

 

Maintenance and Repairs Coordination - $0

Barnaby PM receives repair requests from tenants and then negotiates the best prices for materials and labor with reliable, proven and licensed vendors. Owners are contacted for approval if repair estimates exceed an amount specified by the Owner (usually $500).

 

Note: If a unit has no heat or water, or if there is a problem that jeopardizes tenant safety or health, repairs will be done within 24 hours.

Airbnb and Short-Term Rental Management 

We handle only 3 months minimum and long-term furnished rentals at 12.5% monthly management fee.

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For more information, call us from 9 a.m. to 5 p.m. Monday-Saturday at  

Thank you for trusting your rental property to Barnaby PM!

DISCLAIMER – The terms of any signed property management agreement between an owner and Barnaby Property Management LLC will have legal precedence over this web page.