Landlord Rent Payment’s
Landlords – Property Owners – Superintendents….
Whatever it is that you choose to call yourself in this market, be ready to provide online payment methods to your tenants. Most demographics now do not write checks the way that they used to. Not having an online payment system worked out with your tenants will leave you chasing checks and make life so much more of a hassle for you!
So here comes Northward Management, LLC…ready to help you get your properties running as smoothly as possible.
Our services start at just 7% of Gross Rent Roll per month and are scaleable after that. What does that payment look like though? Well…let’s do the math!
| Description | Monthly | Service Fee | Monthly Charge |
| Monthly Rent | $1,000 | 7% | $70 |
| Total Security Deposit (First, Last, & Security) | $3,000 | 7% ($210, once) | n/a |
Ideally, you should always factor – 10% of your rent roll for property management. If you do not have an outside company doing the managing, then this is what you should be getting paid. Why? Simple…You’re the manager!
Hope this helps, and as always if you ever need property management consultation…we’re just a click/call/text away.