Co-Management is fair.
Property management is evil.
Better rental management aligned with your financial interest.
What is co-management?
New Management Option; more control for landlords
Hyper-Local Managers: We live in Tempe!
Profit-sharing terms. Not unfair rates that only favor the PM
How do you know quality of service will be better?
Co-Managers have ratings based on key sub-categories (i.e. Maintenance Coordination, Communication, Tenant Selection). These ratings become their ‘brand’, therefore higher ratings can validate their quality and justify higher rates or better close rates.
How is it more transparent and controlling?
I only need help with a few tasks.
That’s the beauty of Burbz! We allow landlords to create the ideal scope of tasks they wish to hire out. Since it’s a la carte approach, you decide!
Does it cost more?
Let me think about that…no!
Compared to ‘full-service’ property management, our landlords see a 25-35% savings in management! If you have a mortgage then you can see your Net Profit nearly increase by 2.5 times!
Then how does co-managing save me money?
To summarize: bonus and incentive structure. Co-Management contracts are all competitive and negotiated, based on Earn-Earn partnerships.
Who are these co-managers?
Anybody who is willing to work hard and earn income. They can be realtors or neighbors. As long as they are excited about an Earn-Earn partnerships and can provide you great customer service.
Out with the old. In with the fair!
Earn-Earn partnerships are based on bonus incentives that reward your Co-Manager for making you money and reducing your risk.
Traditional Property Management Fees.
Why pay your Property Management for doing a bad job? When the tenant THEY placed pays late, the PM gets rewarded. Most importantly, you’re at risk of default.
NO VACANCY RECOURSE
Ever notice Property Management lacks the same urgency for tenant placement as you? Due to earning their Leasing Bonus regardless of how long it takes, you enable your PM the luxury of taking their time.
HALF OF THEIR INCOME; UPFRONT
Did you know the Leasing Bonus is nearly 50% of the compensation Property Management will earn annually? To put it differently, this explains why they are not motivated for the remainder of the year. Seeing that since money follows through the management company, you have no choice but to pay them upfront.
When do landlords want their rent? On-time. Co-Managers are able to earn a bonus every month the tenant pays on time. Now your Co-Manager is motivated to be proactive about rent payments!
Vacancy KILLS landlords gross income. Co-Managers propose their projected ‘vacancy weeks’ in their proposal. The remainder of that budget becomes their bonus. Above all their incentive is minimizing vacancy, which is best done by being proactive!
AMORTIZING VACANCY/LEASING BONUS
Why should your manager earn their entire Leasing Bonus if the tenant moves out early? Burbz automatically amortizes the leasing/vacancy bonus for your Co-Manager throughout the duration of their lease agreement. Now you both want the tenants to stay the entire duration.