Management Plans |
Best For
|
All-Inclusive
Single Property Investors (1 Door)
|
Full-Service
Single Property Investors (1 Door)
|
Investor
Portfolio Investors (2+ Doors)
|
Management Fee
|
$225/month
|
$125/month
|
2-4 “Doors” – $110/month
5+ “Doors” – $100/month
All rates are per door
|
Property Onboarding Fee
|
|
$200
|
|
Resident Onboarding Fee (if property already has resident)
|
|
$150
|
$150
|
Resident Placement Fee
|
|
$900
|
$900
|
Capital Maintenance Fee
|
|
See Below
|
See Below
|
Lease Renewal Fee
|
|
$250
|
|
Annual Administrative Fee
|
|
$50
|
|
Annual Property Survey
|
|
|
|
Eviction Protection Fee
|
|
Optional ($15/month)
|
Optional ($15/month)
|
Eviction Coordination (when resident is turned over to attorney)
|
|
Attorney fees plus $200 (waived with Eviction Protection Fee)
|
Attorney fees (waived with Eviction Protection Fee)
|
Property Close-out Fee
|
|
$250
|
|
Rental Rate
|
Owner sets initial rate. Price drops automatic per PURE policy.
|
Owner sets initial rate. Price drops automatic per PURE policy.
|
Set by PURE
|
Owner Commitment
|
Management contract runs concurrent with resident’s lease
|
6-month contract then month-to-month
|
6-month contract then month-to-month
|
Key Details and Explanations
Management Fee – The management fee is charged for any part of a month with the unit occupied. For new properties the management fee is charged on the 1st calendar day of the month following when a property is posted for rent. (For example, a property posted for rent on January 20th would be charged a management fee on February 1). If a resident’s lease starts during the same month that a property is posted for rent, then the management fee would be charged for that full month without proration. (For example, a property is posted for rent on January 10th and a resident moves in on January 25th, then a full management fee would be charged for January).
Resident Placement Fee – (Full-Service & Investor Plans) The fee is $900 per resident placement. Broker earns this fee upon collection of a non-refundable deposit from an incoming resident.
Lease Renewal Fee (Full-Service Plan Only) – The fee is charged upon the resident signing a lease renewal with a term of at least 6 months in length.
Eviction Coordination Fee – (Full-Service plan only) Broker charges a $200 administrative fee to coordinate the eviction process with PURE’s attorney.
Property Close-out Fee – (Full-Service plan only), Broker charges a $250 administrative fee to close out a property when the property owner terminates the management relationship for a property.
Annual Administrative Fee – (Full-Service plan only) Broker charges a $50 annual administrative fee on January 1st of each calendar year which covers the preparation of annual owner reports.
Capital Maintenance Fee – (Full-Service & Investor Plans) The fee is charged based on capital improvements and maintenance expenses incurred in a calendar quarter. A fee of $150 is charged when these costs exceed $1,500 in a calendar quarter. An additional $100 (total of $250) is charged after capital improvements and maintenance expenses exceed $2,500.
Annual Property Survey – Each management plan includes one complimentary property survey per year occurring at a lease renewal or resident moveout. Owner may optionally request additional property surveys at a cost of $125 per survey.
About Antioch
Antioch is a neighborhood in southeastern Davidson County, Tennessee governed
by the Metropolitan Government of Nashville and Davidson County. The area is
assigned to postal Zip Code 39013.
The community known as Antioch began at the convergence of Antioch Pike, Hickory
Hollow Parkway, Blue Hole Road, and Mt. View Road. The original town of Antioch
began as a church located by Mill Creek in 1810. Antioch was a commuter town
because workers traveled to and from downtown Nashville. From the beginning, the
town provided immediate services like a post office and general store. For planning
purposes, the community was given the name Antioch–Priest Lake because the study area encompassed areas near J. Percy Priest Lake and the neighborhoods that grew from the heart of Antioch in the early 1800s.
In 1810, The First Baptist Church was organized in the area near Mill Creek. Then in 1820, a large landowner by the name of Charles Hays donated land for the church to build on, and began referring to it as the Church at Antioch, giving the town its name. Charles Hays based the name change on Bible scripture (Acts 11:26 KJV) which states "... and the disciples were called Christians first in Antioch." The village was known as Antioch from 1820 onward. For a short time in the 1870s and 1880s, the post office designation for the village was Oneyville, named after the post master of that time, Dr. J. H. Oney. However, it was later changed back to the Antioch.
Now a town featuring a post office, Antioch began to grow covering an area of one to two miles in either direction. The Antioch mail route itself also covered additional areas outside of those communities. Beyond that initial two mile boundary were the communities of Una, Mt. View, Cane Ridge, Tusculum, and Bakertown.
Source: Wikipedia
MORE