Co-Management vs. Property Management
Co-Management vs Property Management
Co-Managers earn income several ways. To maximize their earnings, they must be successful in helping you profit more.
On-Time Rent Bonus
Co-Managers never earn Late Fees. Instead, they earn a bonus when their tenants pay on time! Incentive to find good tenants who pay on time.
Co-Managers propose a ‘vacancy budget’. They earn the remaining budget after leasing. Incentive is to be proactive and sign long-term leases to minimize vacancy.
Co-Managers earn their ‘vacancy bonus’ throughout the year. Each month the tenant pays rent, they earn 1/12th of their bonus.
Fixed and Unfair
Traditional property management incentives are counterintuitive. They earn more when your risk is increased.
Traditional Property Managers earn late fees when the tenant placed pays late. Where’s the incentive to screen for a better tenant?
Traditional property management has no recourse for vacancy. They earn their entire fee regardless. Where’s the incentive to minimize vacancy?
Traditional property management requires their leasing bonus be paid upfront. That’s 50% of their annual income received on Day 1!