Management Plans |
Best For
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All-Inclusive
Single Property Investors (1 Door)
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Full-Service
Single Property Investors (1 Door)
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Investor
Portfolio Investors (2+ Doors)
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Management Fee
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$225/month
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$125/month
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2-4 “Doors” – $110/month
5+ “Doors” – $100/month
All rates are per door
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Property Onboarding Fee
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$200
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Resident Onboarding Fee (if property already has resident)
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$150
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$150
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Resident Placement Fee
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$900
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$900
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Capital Maintenance Fee
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See Below
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See Below
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Lease Renewal Fee
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$250
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Annual Administrative Fee
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$50
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Annual Property Survey
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|
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Eviction Protection Fee
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Optional ($15/month)
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Optional ($15/month)
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Eviction Coordination (when resident is turned over to attorney)
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Attorney fees plus $200 (waived with Eviction Protection Fee)
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Attorney fees (waived with Eviction Protection Fee)
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Property Close-out Fee
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$250
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Rental Rate
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Owner sets initial rate. Price drops automatic per PURE policy.
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Owner sets initial rate. Price drops automatic per PURE policy.
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Set by PURE
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Owner Commitment
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Management contract runs concurrent with resident’s lease
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6-month contract then month-to-month
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6-month contract then month-to-month
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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 Berry Hill
Nestled within Davidson County, Berry Hill offers a blend of residential and commercial spaces, creating a dynamic and lively atmosphere that appeals to both residents and investors. Berry Hill is known for its artistic and creative vibe, with a strong presence of music, recording studios, and local businesses. The neighborhood's close proximity to downtown Nashville makes it an ideal location for those seeking the excitement and opportunities of the city while enjoying a more intimate and tight-knit community.
With its rich history and quirky charm, Berry Hill stands out as one of Nashville's most distinctive neighborhoods. The area is home to a variety of unique shops, boutiques, and restaurants, providing residents and visitors with a plethora of dining and entertainment options. The neighborhood's walkability and accessibility contribute to its appeal, allowing residents to easily explore its vibrant streets and enjoy the lively atmosphere.
In summary, Berry Hill, Tennessee, with its artistic flair, central location, and growing popularity, provides an enticing investment opportunity for property management. Whether it's the vibrant atmosphere, unique local businesses, or the neighborhood's undeniable charm, investing in Berry Hill allows property owners to tap into the thriving Nashville market and offer tenants a distinctive and vibrant living experience.
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