We offer a fair and straightforward pricing model with no hidden fees or unexpected charges to all property owners in Rhode Island & Massachusetts. Most property management companies have no fee schedule on their sites or advertisements; this is a bad sign for individuals when the price can’t be posted for all to see. That can only mean one thing, it’s not the same price for everyone. Here at Nexus everyone is treated fairly so the cost is displayed for all to see beforehand.
Nexus Property Management® has worked to establish a pricing model that is fair and affordable for investors and homeowners alike. We accomplish this while maintaining the highest level of service. We don’t believe in nickel and dime charges like “set up fee”, “administrative fee”, “lease generation fee”. If your property management company doesn't welcome your business and charges you to get started then you need to come to Nexus. If they tack on extra fees simply for doing the job they are suppose to or they charge you to press print and take a lease out of the printer. You need to come to Nexus.
Management Fees: are calculated on a graduated scale according to the rent amount for single family homes or condos. Management fees for multiple family homes or apartment buildings are calculated on a 3 tier scale according to the number of units paying rent.
- Single Family:
- Rent amount less than or equal to $850/month - 10% of collected rent
- Rent amount from $851/month to $1200/month - 9% of collected rent
- Rent amount greater than $1201/month - 8% of collected rent
- If one owner places multiple single family homes under our management they will receive multifamily pricing. Total number of homes will determine management fee.
- Multi-Family/Apartment Buildings:
- 6 units or less - 8% of collected rent
- 7 - 35 units - 7% of collected rent
- 36 or more units - 6% of collected rent
- RErental Service: is 50% of 1st month’s rent or $495 whichever is greater. Once an OWNER approved tenant is placed.
- NEW TENANT GUARANTEE
- If a tenant we place for any reason leaves the unit in the first 181 days we will market your property and place a new tenant for free!
- We Do Not charge a “set up fee”
- We Do Not keep late charges
- We Do Not charge “lease renewal fees”
- We only benefit when our owners and tenants benefit. We don't charge “vacancy fees” . We believe our clients are team members. Therefore we benefit together when properties are performing well and do our best to help them get back on track when they are vacant. Nexus Property Management® will work hard to bring the best return and maximum efficiency to all of our clients real estate. Our goal is to bring the cost of property management to zero, by raising income and equity for each property beyond where it was before Nexus Property Management® took over.