Choose the Right Management Package

Full-Service Property Management

Our Most Popular Option

Most property owners choose to eliminate day-to-day responsibilities while maintaining consistent performance.

What You Can Expect:

• Monthly Management Fee: 8% – 10% of collected rent
• Leasing Fee: 50% of one month’s rent
• Lease Renewal Fee: $250
• Annual Walk-through Inspection: $150
• Enhanced Marketing: $325 (recommended)
• Onboarding Fee: $250 (occupied properties only)

This structure covers everything needed to lease, manage, and protect your property—without hidden costs or unnecessary add-ons.

What’s Included

Tenant Placement Only

For Owners Who Prefer to Self-Manage

If you want help securing a qualified tenant but plan to manage the property yourself, this option provides a structured leasing process without ongoing management.

What You Can Expect:

• Leasing Fee: One month’s rent
• Enhanced Marketing: $325 (required)

Includes:

• Marketing and listing exposure
• Showings coordination
• Full tenant screening
• Lease preparation

This is a strong option for experienced owners who want professional placement without ongoing involvement.

Owner Funds Required to Get Started

For owners enrolled in our Full Management program, in addition to management fees, there are a few owner-funded items that help us prepare and manage your property efficiently.

Item	Amount	Purpose
Owner Reserve Fund (also referred to as a Maintenance Reserve)	$500	Held in your owner account and used only for approved property expenses.
Make-Ready Expenses	Varies	Repairs, cleaning, painting, or other work needed to prepare the property for leasing.
Enhanced Marketing (recommended)	$325	Professional marketing package designed to maximize exposure and help lease your property faster.

The $500 Owner Reserve Fund is not a fee. It remains your money and is used only for approved property-related expenses, such as utility charges before a resident transfers service, minor repairs, emergency vendor dispatches, and other routine expenses. Any remaining balance is returned after your management agreement ends and all outstanding property expenses have been paid.

Learn more: Why Property Managers Require an Owner/Maintenance Reserve

What Does Property Management Actually Cost?

To make this more concrete, here’s a simple example:

For a property renting at $2,000/month:

• Monthly management at 8%: $160 month
• Leasing (one-time): $1,000
• Ongoing costs remain predictable and consistent

What Can It Cost to Self-Manage?

Many owners consider managing the property themselves—and for some, that can work. But the biggest costs are often not obvious upfront.

What We See Across Our Portfolio

Across our managed properties, most homes lease in around 14 days with a 98% occupancy rate—because pricing, marketing, and execution are aligned from the start.

The Bigger Picture

The goal isn’t just to manage a property—it’s to:

• Lease quickly with the right tenant
• Maintain consistent cash flow
• Reduce avoidable risk

Why Owners Choose MasterKey Property Management

Property management isn’t just about collecting rent—it’s about consistency, communication, and protecting long-term value.

• 20+ years of experience managing residential properties
• +90% owner retention rate
• Proven systems for leasing, screening, and maintenance
• Deep understanding of the Raleigh and Triangle rental market

Our approach is straightforward: reduce stress, improve performance, and give you clarity at every step.

What Happens Next

Getting started is simple:

• Request a rental analysis or give us a call: 919 453 5010
• Discuss your goals for your property
• Do a walk through of the property

No pressure. Just clear information so you can make the right decision.