Services
Barker Realty, Inc. provides the following services:
- Marketing
We market your properties in a variety of different ways.
- Leasing
We do all showings, negotiations, and draw up the leases.
- Maintanence
We provide 24 hr/7 day a week maintenance coverage of your property.
- Rent Collections
We collect rent and enforce a strict rental policy.
- Evictions
We will evict and place judgments on the owners behalf if the tenant does not perform.
- Monthly and Annual Financial Reports
We provide monthly Cash Flow statements, Invoices, and Owner Draw checks, as well as
end-of-year accounting.
Fees
The primary compensation for Barker Realty, Inc. managing your property is 8% of the Gross Rental Income.
Other fees and charges are summarized in the table below:
| Owner Reserve |
$300 |
|
Required at time of signing. These funds are held in escrow throughout the duration of your agreement
with Barker Realty and are used to pay utilities when vacant, to begin eviction proceedings if rent
is not received, etc.
|
| Application Fee |
$0 |
|
No fee charged to owner.
|
| Lease-up Fee |
New: 1/2 rent (min. $400)/Renewal: $110 |
|
Fees are not paid until new tenant moves in or within the month the lease renewal takes effect. Should a
tenant be allowed to go month-to-month (with owner's authorization), a month-to-month fee of $15 of the
current renewal fee will be charged.
|
|
 |
| Management Fee |
8% (min. $50) |
|
8% of Gross Rent & Pet Rent
|
| Pet Fee |
$50 |
|
100% of non-refundable pet fee is paid out to the owner at the end of the lease term
|
| Late Fees |
|
|
100% of Late Fees charged to and collected from tenants are paid to Barker Realty.
|
| NSF Fees |
|
|
100% of NSF Fees charged to and collected from the tenants are paid to Barker Realty.
|
| Eviction Proceedings |
|
|
Tenants are charged all court costs plus an administrative fee of $75. All fees are charged to the
tenant's account; however, should the tenant not pay, the owner will pay the $75 fee to Barker Realty.
|
| Marketing/Advertising |
|
|
Property specific newspaper ads charged to owner.
|
| Automatic Deposit of Owner Monthly Check |
$0 |
|
No fee charged to owner.
|
| Payment of Mortgages, Homeowner Dues, Taxes, Insurance Premiums |
$0 |
|
No fee charged to owner.
|
|
home
management
