Rates
We're not successful, unless you are successful.
Ultimately, our success hinges on yours, so our fees are structured to incentivize finding quality tenants and minimizing vacancies, keeping your investment profitable and stress-free. For this reason we DO NOT markup maintenance expenses or charge anything that puts our success counter to your success.
Monthly Management Fee: 10% of Collected Rents
Our monthly management fee is designed to be transparent and competitive. We charge a percentage of the monthly rent collected, ensuring our interests align with yours. This fee covers a comprehensive range of services, including tenant screening, rent collection, regular property inspections, maintenance coordination, and 24/7 emergency support. We believe this fee structure provides excellent value and allows us to focus on maximizing your rental income and minimizing your stress.
Leasing Fee: 100% of One Month Rent
To secure a qualified tenant for your rental property, MLE Property Management charges a one-time leasing fee equivalent to one month rent. This fee covers the costs associated with marketing your property, screening potential tenants, and handling lease paperwork, ensuring a smooth and efficient leasing process for you.
Lease Renewal Fee - $250
MLE Property Management offers a streamlined lease renewal process for a flat fee of $250. This transparent cost covers the administrative tasks associated with preparing and finalizing your renewed lease agreement, ensuring a seamless transition for both you and your tenant.
Maintenance Reserve Account - $350
To ensure smooth operations and prevent unexpected expenses, we require a reserve account of $350. This account acts as a safety net for minor repairs and unforeseen maintenance needs that may arise during your tenant's occupancy. Any unused funds in the reserve account will be returned to you at the end of the property management agreement. This transparent approach ensures responsible property management while safeguarding your financial interests.
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MLE Property Management LLC
TN License # 266161
4745 Poplar Ave
Ste 302
Memphis, TN 38117