YOUR PROPERTY. YOUR TERMS.
Co-Managers are individual contractors. All terms are negotiated.
Learn the difference and why Burbz Co-Management is for landlords.
Who earns the late fees when tenant pays late?
What incentives are there to have tenants pay on-time?
What services are included with leasing How much will it cost to place a tenant?
Vacancy / Budget
What incentives are there to limit vacancy?
When are any bonuses paid out?
What if you are not happy with the service you are paying for?
When rent is paid late,
you earned the fees.
Late fees are paid to the property management company. This is an additional revenue source. Unfortunately, they are rewarded by selecting bad tenants.
Late fees are paid to the landlord! Co-Manager’s incentive is finding tenants who pay on-time, not late. Burbz software sends out late notices but Co-Manager is responsible for coordinating with tenants.
Traditional management does not enforce on-time rent. No bonus earned.
To align with your financial interest, co-managers have an opportunity to earn a bonus for selecting tenants who pay on-time. These negotiated rates typically range from 0-3%.
Landlords want their money on-time. Co-Manager’s agree.
Finding good tenants, quickly.
Leasing fees are nearly 45% of managements annual earnings. Common leasing fees are 1st Month’s Rent. Regardless how easy it is to rent or how long it state vacant, management earns their full amount.
Co-Managers do not earning leasing fees! If leasing is handled by co-manager, you negotiated a vacancy budget instead.
The most evil aspect to traditional property management: no recourse from vacancy! If your rental unit sits idle, there is no financial reprimand to PM. They earn their entire leasing fee regardless.
Co-Managers present a ‘vacancy budget’. This establishes their potential bonus for leasing. Co-Managers earn the remainder of their budgets. This incentive enforces timeliness for leasing and quality of tenant.
Vacancy / Budget
Vacancy kills profit.
Incentive to minimize vacancy.
Never pay in advance,
amortize bonuses monthly.
Did you realize your property manager will earn HALF annual income even before the tenants move in! What happens if the tenants move out? What happens if the tenants get evicted? Why should you pay in advance?
Burbz software amortizes the leasing/vacancy bonus throughout the duration of the lease. If the tenants move out early, those monthly bonus payments stop. Co-Manager’s incentive is finding a good tenant who will stay the entire time.
When you want to fire your property manager, it will cost you. Service agreements require you pay 100% of the remaining fees owed. Seriously. 100%! Where is the risk for poor customer service?
Your service agreement is month-to-month.
A simple separation.
How else can Burbz help landlords and property managers.
Online Rent Collection
Online rent collection has never been this simple! Tenants pay direct to your bank account. They do not see your personal information. Learn more
Select the perfect tenants for your unit. Review and screen applicants in an easy to use format. Find the best candidate. Learn more
Stay organized with the maintenance of your rental. Landlords, managers, tenants, and contractors can all communicate. Track open items. Build your team and delegate tasks by trade. Learn more.
Burbz provides the essential tools that any landlord or manager will need. Free! This is our commitment to the value of helping landlords. Revenue is generated through non-essential tools. Learn More.