Compare Management Fees
Co-Management vs. Property Management Fees.
Learn the different fees and terms that each industry uses. Decide which is the best fit for your need.
How do management costs compare?
Rates and Terms
What makes co-management more desirable are the property management fees. Co-Management focuses on performance and rewarding Co-Managers for earning more profits.
PROPERTY
MANAGEMENT
BURBZ &
CO-MANAGEMENT
8-10%
Monthly Management
4-8%
Property Manager
Late Fees: Who Keeps?
Landlord
Not Offered
On-Time Rent Bonus
0-2%
1st Rent Check
Leasing Fee
No fee. See Vacancy
No limit. No ramification.
Vacancy
Negotiated: Set in Weeks.
Not Applicable
Burbz Software
$10/month
Compare with your actual property
Example of cost savings
Same Property. Different Management Fees.
RENT AMOUNT
$1,500 per month
VACANCY
3 weeks. How long the unit expects to sit empty. No rent.
Property Management
Traditional fees. PM keeps late fees. No recourse for vacancy or expenses.
Burbz / Co-Management
Incentive based contracts. Earn-Earn relationships. All terms are negotiatable.
Vacancy Loss
No rent earned during tenant turnover.
$1,038
Actual loss of revenue
$1,385*
Co-Mgr bonus is tied to vacancy, not leasing. Co-Mgr proposes ‘vacancy’ budget, earn remainder. This example is 4 weeks.
Leasing Fee
Earned for placing a new tenant.
$1,500
Paid upfront. Earns 1st rent check.
$0
Co-Mgr earns a bonus from Vacancy. Amortized over lease.
Management
Monthly percent of rent.
$1,800
Annually. 10% of rent.
$1,080
Annually. 6% of rent.
On-Time Rent
Bonus opportunity to find good tenants.
$0
Not offered. PM’s prefer late fees instead.
$270*
Max bonus. 1.5% per month. Incentive to lease good tenants
Burbz Fee
Access to Co-Management platform.
$0
Not used.
$120
$10 per month. Only taken once rent payment occurs.
Total Annually
Sum of all max potential earnings
$4,338
Owed even if you terminate their services
$2,855
Based on ‘max’ potential for On-Time Rent and Leasing bonus. Minimum is $2,585
Savings
$1,484!
34.20% savings on Management and Vacancy
Our Features
Benefits and Protection for Landlords
Month-to-Month Contracts
Amortize Bonus
Auto-Allocation
Late Fees
Negotiate Terms
On-Time Rent Bonus
Ratings & Reviews
Vacancy Bonus
Rent Collected
Learn more benefits of Co-Managing
Interested in incentive based Co-Management?
Sign up today to learn more about co-managing and how you can save on management fees.