Summary of Fees
- Additional Bids – If a Landlord Level member wants a third bid, or an Investor Level member wants a fourth bid, they will be responsible for an additional bid cost of $50 per bid.
- Additional Services – Services not outlined in this handbook will be billed at $200/hour upon Landlord approval.
- Credit Card – You are able to use a credit card to make payments. There is a fee equal to 3.1% of the total amount being charged.
- Custom marketing link – $100 per link in addition to the cost from that website
- Leasing Fee – 100% of one month’s rent (80% in Texas)
- Mail Forwarding – $100 to pick up and forward mail (or as a credit to tenant if they are able to do this).
- Maintenance Technician Rate – $90/hour
- Maintenance Costs Financing – If a repair exceeds the portfolio minimum, Mars Hill might agree to pay for the repair and will be reimbursed by the owner from the next month’s rent. If the repair costs exceed the amount of rent that comes in, Mars Hill will charge 10%/mo on any open balance until paid in full. (5% for Investor Level members)
- Major Repairs/Renovations – Defined as projects that require three or more vendors or repair costs that exceed three months’ rent. 10% of the total project cost.
- Management Fee – 10% of rent collected
- Mars Hill Partner Club – Landlord Level – $6/mo
- Mars Hill Partner Club – Investor Level – $16/mo
- Out of Cycle Property Inspection – $150/inspection
- Renewal Fee – 30% of one month’s rent
- Smart Lock Conversion – (Starts at $290; See Smart Lock Conversion Worksheet)
- Vacant Home Management – $150/walkthrough and $75/work order coordination
- Warranty Coordination Fee – $50 per work order
