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
- Professional property marketing and listing distribution
- Showing coordination
- Applicant communication and follow-up
- Income verification
- Credit and background checks
- Rental history review
- Online owner portal access
- Monthly financial statements
- Direct deposit (ACH payments)
- Year-end 1099 reporting
Property Oversight
- Move-in inspection with 360° documentation
- Move-out inspection
- Annual walkthrough inspection ($150)
- Optional mid lease inspection ($150)
- Code compliance coordination (city/HOA)
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:
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.
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.
Vacancy
If a property sits vacant just 2 additional weeks, that’s roughly:
Pricing Mistakes
Overpricing or underpricing can lead to:
- Longer vacancy
- Lower long-term returns
Tenant Issues
A single problem tenant can result in:
- Missed rent
- Turnover costs
- Legal expenses
Time and Responsiveness
Delayed responses to inquiries or maintenance can:
- Reduce applicant quality
- Extend vacancy
- Impact tenant retention
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.
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.
