In addition to our most competitive fee structure, our service is unsurpassed in managing the ins and outs of renting a property. On average, a single family, duplex, triplex or fourplex owner will save about $4,900 per year partnering with Operation Red Dot.
All fee packages include compliance with landlord-tenant law, fair-housing laws, and licensing. Also included are our owner/tenant portal, marketing, tenant screening, maintenance management, tenant relations, legal fees, training and licensing, software and accounting, gas, and travel.
Let’s compare our fee structure to the average fees from other area property managers.
| Fees | Our Fees | Other Area Prop. Managers |
|---|---|---|
| Onboarding Fee | 50% 1st mo. rent for first tenant only | Same but repeats for every turnover |
| Monthly Management Fee | 10% gross rents | Same |
| Annual Fee | $ 0 | $300 |
| Turnover / Re-leasing Fee | $ 0 | 50% of rent |
| Annual Property Inspection Fee | $ 0 | $250 |
| Marketing Fee | $ 0 | $300 /yr. |
| Termination Fee | $ 0 | $2,500 |
| Property Bill Pay Fee | $ 0 | $10 /bill |
| 1099 Distribution Fee | $ 0 | $100 /yr. |
| Vacancy Fee | $ 0 | $150 /mo. |
| Eviction Management Fee | $ 0 | $1,500 /instance |
| On-Site visit Fee | $ 0 | $100 /instance |
| Lease Agreement Fee | $ 0 | $300 per lease generation |
| Lease Renewal Fee | $ 0 | $300 per renewal |
Other FREE Included Red Dot Services
- 24/7 Tenant Portal for online rent collection
- 24/7 Owner Portal for property reports, invoices, rent distribution
- Late fee collection
- Move-in/Move-out Checklist & walkthrough
- Professional tenant screening
- Pet screening
- Team of professionals, dedicated point of contact
- Tenant/ Legal compliance support
- Eviction management
- Annual Property Inspections
- Turnover Repair Management
- Vendor Management
- Professional Photography & Videography
- Proactive Property Preservation Analysis & management
- Document management & storage
- 1031 tax exchange support
- Strategic sale support
- Listing Fee Discounts
- Home Warranty Management
- Key management / Locksmith services
- Legal Notice Delivery
- Tenant tours & open houses
Access to our PROVEN Maintenance Vendor System
Our exclusive network connects you with a growing variety of military and veteran-owned businesses offering exceptional, affordable maintenance services at discounted rates – of which the savings are passed on directly to YOU.
- General Contracting (Large Build/Projects)
- Plumbing
- Junk Removal
- Painting
- Landscaping
- Septic/Sewer
- HVAC
- Electrical
- Pool/Spa Maintenance
- Pest Removal and Control
- Roofing
- Fencing
Total: $4,900+ savings
Commercial Multi-Family Property Management (5+ units)
Contact us for a custom bid. Our free services are generally the same as residential property management.
| Our Fees | |
|---|---|
| Onboarding Fee | Custom Bid (1 time only) |
| Monthly Management Fee | % of gross rents |
| Annual Fee | $ 0 |
| Turnover / Re-leasing Fee | $ 0 |
| Maintenance Management Fee | $ 0 |
| Annual Property Inspection Fee | $ 0 |
| Marketing Fee | $ 0 |
| Termination Fee | $ 0 |
| Property Bill Pay Fee | $ 0 |
| 1099 Distribution Fee | $ 0 |
| Vacancy Fee | $ 0 |
| Eviction Management Fee | $ 0 |
| On-Site visit Fee | $ 0 |
| Lease Agreement Fee | $ 0 |
| Lease Renewal Fee | $ 0 |
| Leasing commission | $ 0 |
Other FREE included Red Dot Multi-family services…
- Grounds & Building Capital Expenditure/repair, forecasting & management
- Written long term strategic plan
- On site staff management & payroll
- Vendor contract review & negotiation
- Monthly Lease Violation Drives
- 24/7 Tenant Portal for online rent collection
- 24/7 Owner Portal for property reports, invoices, rent distribution
- Late fee collection
- Annual 1099 report Generation for taxes
- Listing marketing on 150+ website platforms
- Move-in/Move-out Checklist & walkthrough
- Professional tenant screening
- Pet screening
- Team of professionals, dedicated point of contact
- Tenant/ Legal compliance support
- Eviction management
- Annual Property Inspections
- Turnover Repair Management
- Vendor Management
- Professional Photography & Videography
- Proactive Property Preservation Analysis & management
- Document management & storage
- 1031 tax exchange support
- Strategic sale support
- Listing Fee Discounts
- Home Warranty Management
- Key management / Locksmith services
- Legal Notice Delivery
- Tenant tours & open houses
Reasons why our clients have left other property management brokerage firms to come to us:
Excessive Fees: Property owners might feel frustrated with their current manager if they constantly encounter unexpected or exorbitant fees for services that were not clearly outlined initially, or not anticipated to be so prevalent or overwhelming.
Poor Communication: Lack of timely and effective communication can lead to misunderstandings, missed opportunities, and ultimately erode trust between the owner and the property manager.
Inefficient Maintenance Handling: Property owners might grow weary if their manager consistently fails to address maintenance issues promptly or neglects routine property upkeep, leading to decreased property value and tenant dissatisfaction.
Lack of Transparency: Owners may feel unsettled if they perceive their property manager to be opaque or dishonest about financial matters, such as rental income, expenses, or repairs.
Inadequate Tenant Screening: If a property manager consistently places unreliable or problematic tenants, property owners may become frustrated with the associated costs and disruptions, such as late payments, property damage, or eviction proceedings.
Failure to Maximize Rental Income: Owners expect their property managers to employ effective rental pricing strategies and marketing efforts to attract quality tenants and maximize rental income. A manager’s inability to achieve this could lead to dissatisfaction.
Legal Compliance Issues: Property owners may seek a new manager if they discover their current one has not been adhering to local housing laws, putting them at risk of legal consequences or financial penalties. Especially in a dynamic changing environment, this matters more than ever.
Lack of Accountability: Owners want reassurance that their property manager takes responsibility for their actions and delivers on promises. A lack of accountability can breed frustration and erode confidence in the manager’s ability to handle the property effectively.
Poor Tenant Relations: Owners may find it unacceptable if their property manager fails to address tenant complaints or concerns promptly and professionally, leading to tenant turnover and potential damage to the property’s reputation.
Subpar Reporting and Documentation: Owners rely on accurate and comprehensive financial reports, lease agreements, and inspection records to make informed decisions about their property. A property manager who consistently provides incomplete or inaccurate documentation may drive owners to seek better management services elsewhere.
Poor technology adoption: In an increasingly digital world, outdated or inefficient technology systems can hinder communication, maintenance handling, and overall operational efficiency. Property owners expect their management firms to leverage modern technology to streamline processes, provide real-time updates, and enhance the overall client experience. A lack of investment in innovative software solutions or reluctance to embrace technological advancements can signal to property owners that their current management firm is not keeping pace with industry standards. Owners rightfully want cutting-edge tools to optimize property management operations.
Instances of unethical behavior: Clients may have experienced instances of unethical behavior from their previous property management brokerage firms, such as embezzlement, fraud, or mismanagement of funds. Such breaches of trust can lead clients to seek out a more reputable and trustworthy management firm like ours.
| LEARN MORE ABOUT OUR PROPERTY MANAGEMENT |