Management and Advertising Fees From Progressive Property Group NEW

The standard management fee for Colorado is 10%/month for all single-family homes. With Progressive Property Group, clients will receive a lower rate for multi-family units as they bring in more income and we want to incentivize the public to bring on more multi-family homes rather than single-family. 

Another common fee is the maintenance fee. You may not have the time or the energy to stop by your property to shovel snow, remove garbage, keep common spaces tidy, or handle repairs. If not, a property management company can handle it for you for a maintenance fee. We have an hourly maintenance fee of $50/hr. Whether it’s nights, weekends, or holidays our fee of $50/hr remains the same. We have an inhouse maintenance team, unlike many other management companies and are lower than any hourly maintenance fee in Colorado. In addition, our maintenance team gets to know the property and the unique maintenance each home requires. Clients aren’t paying for some random vendor to come out who charges a trip charge, plus service fee, plus parts if applicable and send you the bill. Our maintenance team knows the client’s tenant and inspects the property for any other major maintenance items that need to be addressed to help alleviate costly future repairs. PPG maintenance team will also diagnose to determine if the repair item was a tenant-charge or client as they are familiar with our in-house leases and every maintenance tech is required to go through our real estate maintenance safety/habitability course for Colorado.

No matter your individual factors or circumstances, expect competitive management fees. Property management companies charge an initial setup fee when taking you on as a customer. Progressive Property Group does not! You don’t pay anything until a well-qualified tenant is placed and the home receives income. Once a renter is placed in the home, the client will pay a lease processing fee for new rental agreements and lease renewals. Just like your tenants pay monthly rent, you also pay a monthly management fee, which includes specific services that fit your individual needs.

Other management companies may include a vacancy fee, Progressive Property Group does not. In other words, we don’t make money unless you do! 

If you’re interested in full-service property management or simply want to hire us to place a well-qualified tenant, we can help! Please visit our website to review our thorough pre-screening process for all residents. Depending on if your home is a single-family residence or an apartment complex, fees will vary. 

On a related note, consider opening a reserve repair fund, much like you would for your home. With a reserve repair fund, you save money for inevitable repairs your investment property needs. Clients can either approve every deduction from the account for repairs or opt to have us contact you for repairs over a specific dollar amount. For any pricy emergency repairs such as a water heater going out, with your approval, we can utilize the funds in your reserve that we maintain for you each month. 

Although we have a very thorough pre-screening process for each resident and our eviction rates are less than 2%, some financial hardships are just out of everyone’s control, like a pandemic. Rather than navigating the eviction yourself and trying to stay in the loop with each new law change, you pay nothing to have Progressive Property Group to arm you with one of the top-rated attorneys in Colorado. Clients are only charged with the attorney fee, sheriff fee, and paperwork the court charges to process the eviction. Making Progressive Property Group one of the lowest for eviction costs. 

We recommend you look over your property management contract carefully and ask us questions about anything you don’t understand. We’d be more than happy to break down the difference between terms such as “Fair Market Value,” “rent collected,” and “rent due.” Our representatives do everything within their power to make your job as a landlord easier while we maximize your real estate investment’s value.

If you don’t need help to manage your property, you could use some trusted, professional help with advertising vacant units. With our property management advertising services, your property appears in online and print media, reaching quality candidates across Denver, Colorado Springs, Pueblo, and surrounding areas.

Why do we include print media with our advertising services? Print advertising still has its place in our mobile, digital world. Your perfect tenant may learn of a vacancy on your property from a physical sign. Whether we advertise your property online or through print media, we post it days after you sign a management agreement. While you’re charged an advertising fee while the property is vacant, you won’t have to pay until a tenant is placed. We take the leasing fee from your first month of rent along with the management costs and applicable advertising fee.