Standard Dallas-Fort Worth Property Management Fees and Pricing
Simple Pricing Structure with No Hidden Fees
At Real Property Management Five Star, we pride ourselves on simple, transparent, honest pricing. You’ll never find any hidden fees or surprises. The bottom line, we don’t get paid until you do.
Our property management strategy is surely dependable to save you money at separate times of the process. We make it uncomplicated to protect your investment, minimize costs, and maximize your income—without obstructing your daily life so much.
If you have one or more rental properties in the Dallas-Fort Worth area, you could benefit from our expert residential property management services. For more information, contact us online or contact us directly at 682-831-1300.
Tenant Placement or Leasing Fee
This is the fee typically charged for finding tenants, screening potential tenants, and creating the lease. The standard fee for this service in the Dallas-Fort Worth market (collected by property management companies, full-service real estate companies, and independent real estate agents or realtors) is equal to the amount of one full month’s rent.
The tenant placement process begins by completing a detailed analysis of your property which we use to determine the maximum market rental rate for your home. We will then assist with any make-ready maintenance work (if necessary), take professional photographs, advertise your property, take calls and answer tenant inquiries, show your property to interested prospects, qualify applicants, draft the lease, set tenant expectations, and complete move-in documentation.
The Real Property Management Five Star tenant placement fee is 5% of the 1-year lease total, charged one time immediately after a tenant moves in.
If your home is already occupied by tenants not placed through Real Property Management Five Star, you find your own tenant, or you hire your own outside agent to place a tenant and you want us to take over with a lease already in place, there is no tenant placement fee charged, just a one time set up fee of $195.
Tenant Placement Services
- Rental Market Intelligence
- Marketing & Advertising
- Property Showings
- 6 Point Tenant Screening
- Pet Screening
- Professional Photos
- Weekly Progress Updates
Full-Service Property Management Fee
This is the fee charged for the day-to-day operations of your rental property. Items typically covered by the property management free include rent collection, repair coordination, lease enforcement, and tenant relations. The standard fee for this service in the Dallas-Fort Worth market is around 10% of the monthly rent. Our full-service property management packages start at 7.9% of the monthly rent.
Full-Service Property Management Packages
If you’re tired of the headaches that come with managing your rental property, we’ve got it handled. At Real Property Management Five Star, we realize that one size does not fit all when it comes to the needs of each individual property. Each package provides services and guarantees above and beyond the standard for property management in Dallas-Fort Worth.
Our management plans are designed to handle the stress of tenants, repairs, maintenance, and liability. We proudly offer three packages with rates ranging from 7.9% (the Basic Package) to 12.9% (the Peace of Mind package).
- Rental Collection
- Repair Coordination
- Online Portal Access
- 24/7 Emergency Response
- ACH Owner Payments
- Monthly Statements
- Move In/Out Recording
- Year-End Income/Expense Documents
- 3 Month Tenant Replacement Guarantee
- *Mid-Year Maintenance Inspection – Additional $119
Includes All Basic Package Services
- 6 Month Tenant Replacement Guarantee
- Tenant Liability Insurance
- Mid-Year Maintenance Inspection
- Eviction Protection Guarantee
Peace of Mind
Includes All Premium Package Services
- 12 Month Tenant Replacement Guarantee
Annual Wealth Optimizer Review
(covered up to $50,000)
Skips Rent – Paid up to 8 weeks
Is Evicted – Paid up to 10 weeks
Passes Away – Paid up to 12 weeks
Service Animal Damage
(covered up to $1,000)
Theft or Damage Due to Theft
(covered up to $25,000)
Eviction Filing Fee and Defense
(covered up to $7000)
Rekey Locks in Event Listed
(covered up to $300)
To minimize your risks and give you peace of mind, we also offer the following guarantees. These Services are only offered by Real Property Management Five Star in the DFW Metroplex.
Eviction Coordination and Oversight
We understand the challenges that come with evicting a tenant. With the Risk-Free Eviction Coordination & Oversight, you pay a small monthly fee and we pay all the legal fees involved in an unlawful detainer suit. Because so many people participate in our program, the cost of a painful eviction is spread out over many property owners—affordably minimizing the risk for everyone involved.
A $50 per month value, this service is included in the Premium and Peace of Mind Packages for no additional fee. *Only available for tenants we placed by Real Property Management Five Star.
Periodic Property Inspections
We stand behind our commitment to simplifying property ownership and making sure your property is maintained properly, that is why we perform periodic property inspections for only $119. We inspect the property both inside and out to ensure tenant compliance and assess property condition. Our Premium and Peace of Mind Packages include a mid-year inspection at no additional cost.
Tenant Replacement Guarantee
If Real Property Management Five Star places a tenant and the tenant vacates the property before the end of the lease*, we will find you a new qualified tenant for FREE. We guarantee it!
*3 months for the basic package, 6 months for the premium package, 12 months for the peace of mind package.
As a landlord, you want to protect yourself against the loss of malicious damage sustained to your property, loss of rent, and eviction costs. However, there has never been a single or specifically tailored insurance product available to protect you until now. With Scheer Ultimate Landlord Protection by SureVestor, you can help protect your financial future for your family, keep your property, grow your assets, and sleep well at night knowing that you and your investment are protected.
*Ultimate landlord protection is available for our peace of mind clients only.