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Services And Pricing Overview™

Full Service Management: The Management Success Formula™
A.) Overview

If you enjoy the financial rewards of owning income property but you don’t want to be tied down by property management, this is the program for you. The Management Success FormulaTM is our flagship product in which we provide our Owner Clients the opportunity to delegate to us 100% of the tasks, challenges, and headaches of residential property management. Whether you own one income property or an entire portfolio, our Management Success FormulaTM Program will provide you with the turn-key solution that will help make your investment property a success.

B.) Pricing

The pattern among residential property management companies in the Portland Metro area is to charge three different fees for full service residential property management. We have adopted this same fee structure, but we’ve tuned our prices to make them as attractive as we can to our Owner Clients:

1.)Leasing Fee:
The Leasing Fee is a fee charged each time a new lease is signed for your property. In the case where each lease is a one year lease, you would see this charge at most once per year.
Portland Area Rate:
50-100% of the first month’s rent collected under the lease.
Our Rate:
50% of the first month’s rent collected under the lease.
Sample Calculation:
If the property is rented under a new one year lease to a tenant paying $1,000 per month, the Leasing Fee owed to GPM would be $500. We would take this amount out of the first month’s rent actually collected from the tenant. You would not see this fee again until a new lease is signed with a new tenant.
2.) Management Fee:
The Management Fee is charged monthly and is paid to GPM out of rents actually collected from the tenant. You would see this charge once per month.
Portland Area Rate:
8%-10% of each month’s collected rent under the lease.
Our Rate:
9% of each month’s collected rent for single family/condo properties.
8% of each month’s collected rent for duplexes, triplexes, and fourplexes.
7% of each month’s collected rent for 5-10 units at a single location.
6% of each month’s collected rent for 11 units and up at a single location.
Sample Calculation:
If the property is a single family home rented under a lease to a tenant paying $1,000 per month, the Management Fee owed to GPM would be $90.00. We would take this amount out of each month’s rent actually collected from the tenant. You would see this fee each month.
3.) Maintenance Fee:
The Maintenance Fee is charged only when maintenance is actually done on your property.
Portland Area Rate:
Many management companies have in-house staff that they pay $15 to $20 per hour. They will then commonly bill out this team at $40 to $50 per hour plus materials and a materials markup. Other companies work with a mix of in-house staff and outside contractors and then they bill out administrative/management time at $50 to $75 per hour to manage maintenance.
Our Rate:
We have elected to work exclusively with 3rd party licensed and bonded contractors. This ensures that we ALWAYS have enough capacity to meet the needs of our Owner Clients, and we NEVER have to endure poor performance and quality – we have our choice of qualified contractors, and our contractors know this.

We demand and receive good, competitive pricing from highly qualified contractors, and then we bill our Owner Clients actual cost plus a 10% maintenance management fee on the actual cost.
Sample Calculation:
If we facilitate $500.00 of repairs for your property, the total cost to you is $550.00, $500.00 direct to the various contractors we hire and manage, and $50.00 to GPM.
Next: Our Tenant Warranty Request A Consultation Today
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Grid Property Management, LLC
516 SE Morrison St. Suite 700
Portland, OR 97214

Phone: 503-321-5140
Fax: 503-321-5140
Emergency: 503-321-5140 x4

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