Mount Juliet Property Management

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.