Maryland Property Management Fees and Pricing
Simple Pricing Structure with No Hidden Fees
At Real Property Management Prime, we pride ourselves on simple, transparent, honest pricing. You’ll never find any hidden fees or surprises. The bottom line, we don’t get paid until you do.
Our property management strategy is surely dependable to save you money at separate times of the process. We make it uncomplicated to protect your investment, minimize costs, and maximize your income—without obstructing your daily life so much.
If you have one or more rental properties in the Ellicott City, MD area, you could benefit from our expert residential property management services. For more information, contact us online or call us directly at 410-415-1736.
Tenant Placement Fee
This is the fee charged for finding, screening, and creating the lease for a tenant.
The tenant placement process begins by completing a detailed analysis of your property which we use to determine the maximum market rental rate for your home. We will then assist with any make-ready maintenance work (if necessary), take professional photographs, advertise your property, take calls and answer tenant inquiries, show your property to interested prospects, qualify applicants, draft the lease, set tenant expectations, and complete move-in documentation.
The Real Property Management Prime tenant placement fee is 6.9%, charged one time immediately after a tenant moves in.
If your home is already occupied by tenants not placed through Real Property Management Prime, you find your own tenant, or you hire your own outside agent to place a tenant and you want us to take over with a lease already in place, there is a flat $495 tenant setup fee.
The Real Property Management Prime Tenant Placing Process
Tenant Placement Service
- Free Rent Analysis
- Marketing Photos
- Online Property Advertising
- Yard Signs and Lock Box (for Self Showings)
- Manage all Tenant Leads
- Manage all Property Showings
- Thorough 6 Point Renter Screening
- Attorney Approved Lease
Full-Service Property Management Fees
Are you tired of the headaches that come with managing your rental property? We’ve got it handled. Choose one of our full-service property management plans to help you deal with tenants, coordinate maintenance, and minimize risks. The marketing & leasing fee all depends on the plan that best fits your management plans.
Our Premium Plan is our most popular and most bang for your buck plan.
The property management prices below are a percentage of the monthly rent collected or a flat fee. If all you want is a qualified tenant while you manage the property, our Lease Only Plan is the solution. We will advertise, show your property, thoroughly screen applicants, and execute the lease. The lease-only price of 6.9% is based on the percentage of the annual rent.
To minimize your risks and give you peace of mind, we also offer the following guarantees. These services are only offered by Real Property Management Prime in DC and Maryland.
Rented in 29 Days Guarantee
We’re a dedicated partner in your corner and we understand how important a quick turnaround time is to you and your bottom line. If we don’t rent your property in 29 days or less, you do not pay a management fee the first month. With our marketing plan and world-class client management system, we’re confident we can lease your property quickly and get the rent coming in. (Included on Premium Plan.)
Risk-Free Eviction Guarantee
We understand the challenges that come with evicting a tenant. With the Risk-Free Eviction Guarantee, you pay a small monthly fee of $22.99, and Real Property Management Prime will pay the legal fees involved in an unlawful detainer suit. Because so many people participate in our program, the cost of a painful eviction is spread out over many property owners—affordably minimizing the risk for everyone involved. ($800+ value)
This does not cover a Writ of Possession or lockout cost.
180 and 360 Day Tenant Placement Guarantee
If the tenant moves out within 180 or 360 days Real Property Management Prime will find another tenant free of charge. Prorated based on the time remaining on the lease.
Tenant Liability Guarantee
Tenants will be enrolled in Tenant Liability Insurance for up to $100,000.00. This ensures the homeowner will not be responsible for covered costs in the event of a tenant at-fault incident.
Tenant Replacement Guarantee
If Real Property Management places a tenant and the tenant vacates the property we will find you a new qualified tenant for FREE. We Guarantee It. (180 Days Standard, 360 Days Premium)
Real Property Management Prime can help you get your rental property licensed by the proper city, county, or state as required. In Maryland, all properties are required to have a BBL (Basic Business License). The cost is $650.00 for a single unit. This $650.00 includes all payments to DC. The fee will be paid upfront to RPM Prime. For multi-units, the cost will vary depending on the total units.
Furnace Filter Delivered Every 90 Days
Real Property Management Prime will ship a date-stamped filter to the property every 90 days. This will help remind the tenants to change out the filter and help prevent HVAC issues. This also helps the tenant reduce utility expenses by having a clean filter. The charge is $10.00 per month per filter.
Real Property Management Prime will cover ANY damage exceeding the Security Deposit caused by a tenant that falls outside of the Home Owners Insurance Policy, and excludes fair wear and tear. These fair wear and tear standards are in accordance with DC and MD Property Management Code. (Maximum Amount of Claim will not Exceed $2000.00) With DAMAGE ASSURANCE – RPM Prime will cover all costs above Tenants Security Deposit cashed by the tenants that is not normal wear and tear for $10.00 per month.
Real Property Management Prime will reimburse the owner the equivalent of ONE MONTH’S RENT. If an eviction becomes necessary at your property, and we have to meet the Marshall to execute the write or possession by locking all of the tenants’ possessions on the property. If tenants refuse to leave and are forced to vacate by law enforcement – RPM Prime will reimburse the owner the equivalent of ONE MONTH’S RENT. The charge is $9.00 per month.
**Rent Protection is only offered to owners who have allowed Real Property Management Prime to properly screen their tenants through our application process, and those tenants that complete a lease agreement both written and executed with Real Property Management Prime.
Periodic Property Evaluations
We stand behind our commitment to relieving your hassles and make sure your property is maintained properly, that’s why we perform periodic property evaluations. We review the property both inside and out to ensure tenant compliance and assess the property condition. We will provide you a video of each review. The cost is $99.00 per evaluation. Its recommend that this is done every 90 days to ensure the tenants are taking care of your most expensive investment.