2. Leasing/Placement Fees

What Are Leasing/Placement Fees?

These fees cover the cost of marketing your property, showing it to prospective tenants, screening applicants, and preparing lease agreements.

Coastline Equity's Pricing Structure

• Residential Multifamily Properties: We charge 50% of the first month's rent per unit for tenant placement, with no renewal fees.
• Example: If a unit rents for $1,500 per month, the placement fee for that unit would be $750.
• Commercial Properties: We charge 3% of the total lease value for commercial leases and renewals.
• Example: For a commercial lease totaling $120,000 over its term, the placement fee would be $3,600.

Working with Outside Leasing Agents

If you have an outside leasing agent that you have selected or that we have recommended, we do not charge an additional fee for that work. Our leasing fee is only billed if Coastline Equity is responsible for the leasing and renewal processes.

What This Means for You:

• Flexibility: You have the option to choose your own leasing agent without incurring extra fees from us.
• Cost Savings: If you prefer to work with an outside agent, you won't be double-billed.
• Collaboration: We can recommend trusted leasing agents if you need assistance.

3. Maintenance Fees

What Are Maintenance Fees?

Maintenance fees cover the costs of repairs and upkeep for your property, ensuring it remains in excellent condition and complies with all safety and regulatory standards.

Coastline Equity's Pricing Structure

• In-House Technicians: Our in-house maintenance technicians are billed at $115 per hour.
• Example: A repair job that takes 3 hours would cost $345.
• No Mark-Up on Outside Vendors: We do not charge any mark-up or extra management/maintenance coordination fees when we hire outside vendors.
• Example: If an outside contractor charges $2,000 for a roofing repair, you pay $2,000, with no additional fees from us.

4. Onboarding Fees

What Are Onboarding Fees?

Onboarding fees are initial charges for setting up your account with us. This includes an initial property assessment, setting up accounting systems, tenant communication regarding the management transition, and compliance checks.

Coastline Equity's Pricing Structure

• Equivalent to First Month's Management Fee: Our onboarding fee is equivalent to the first month's management fee. This fee is charged in the month before tenant management begins.
• Example: If your monthly management fee is calculated to be $2,125 (for a 30-unit property), your onboarding fee would also be $2,125.

5. No Additional Potential Fees

At Coastline Equity, we believe in simplicity and transparency. There are no additional potential fees beyond what we've outlined in our property management agreement. No hidden costs, no surprises.

Why Choose Coastline Equity for Your Multifamily or Commercial Property?

• Specialized Expertise: We focus exclusively on multifamily properties with 8 units or more and commercial real estate, ensuring specialized attention and expertise.
• Transparent Pricing: We provide clear and straightforward fees tailored to larger properties.
• No Hidden Costs: We don't believe in tacking on unexpected charges.
• Flexibility with Leasing Agents: You have the option to work with outside leasing agents without incurring extra fees.
• Customized Service: Our services are tailored to meet the unique needs of your property, maximizing your investment returns.

Questions You Might Have

Q: Are there any hidden fees not listed here?

A: No, we have no hidden fees. All our charges are outlined transparently in our property management agreement.

Q: How are maintenance and repair costs handled?

A: We bill our in-house technicians at $115 per hour with no additional mark-ups. For outside vendors, you pay only the vendor's invoice amount.

Q: What if I prefer to use an outside leasing agent?

A: You are free to select your own leasing agent or use one we recommend. We do not charge an additional fee if an outside agent handles the leasing and renewal processes.

Q: What is your process for tenant screening and placement?

A: When we handle leasing, we conduct thorough background checks, credit assessments, and verify employment and rental history to ensure high-quality tenants for every unit.

Q: Do you offer customized service packages?

A: Yes, we tailor our services to meet the unique needs of your multifamily or commercial property.

Understanding the fees associated with property management services empowers you to make the best decision for your investment. At Coastline Equity, we prioritize transparency and are committed to providing exceptional service with no hidden costs.

Ready to learn more? Contact us today for a personalized quote and let us help you maximize your property's potential.

At Coastline Equity, your success is our success. Let's navigate the journey together.