Antioch Property Management

Monthly Management Fees

Management Plan	All-Inclusive	Full-Service	Investor All rates are per door
Management Fee	$275/month	$125/month	2-4 “Doors” – $110/month 5+ “Doors” – $100/month
Property Onboarding Fee		$200
Tenant Onboarding Fee  (if property already has tenant)		$100	$100
Enhanced Marketing Plan
Tenant Placement Fee		$750	$750
Lease Renewal Fee		$250
Rent Ready Package		Actual Cost (estimated $750)	Actual Cost (estimated $750)
Annual Property Survey
Eviction Protection Fee		Optional ($15/month)	Optional ($15/month)
Eviction Coordination (when tenant is turned over to attorney)		Attorney fees plus $200 (waived with Eviction Protection Fee)	Attorney fees (waived with Eviction Protection Fee)
Property Close-out Fee		$250
Rental Rate	Owner sets initial rate.  Price drops automatic per PMC policy.	Owner sets initial rate.  Price drops automatic per PMC policy.	Set by PMC
Owner Commitment	Management contract runs concurrent with tenant’s lease	6-month contract then month-to-month	6-month contract then month-to-month

Key Details and Explanations

Management Fee – For the All-Inclusive and Full-Service plans, the management fee is charged, without proration, starting in the first month that a tenant is in the property. For the Investor plan, the percentage is charged based on actually rent collections.

Enhanced Marketing Plan – PMC utilizes professional real estate photography for all properties. This plan adds on the preparation of professional floor plans and walk-through videos of the property.

Lease Renewal Fee (Full-Service Plan Only) – The fee is charged upon the tenant signing a lease renewal with a term of at least 6 months in length.

Rent Ready Package – In order to properly prepare a home for a tenant, PMC (at a minimum) hires a locksmith to change the locks, has a regular cleaning performed, has any carpets cleaned and sends out a handyman to perform a rent ready checklist which normally takes 3 to 4 hours to complete. For properties on the All-Inclusive Plan, PMC will pay up to $130 towards a locksmith, $150 for home cleaning, $150 for carpet cleaning and $350 towards a handyman and supplies. For properties on the Full Service and Investors Plans, the owner would be responsible for the actual costs of these bills.

Eviction Protection Fee – For properties enrolled in Eviction Protection, PMC will pay (or waive) attorney fees, moving company fee to set out tenant, PMC’s hourly fee to meet Sheriff and moving company at set out, locksmith charge to change locks, fee to place a new tenant and PMC will pay owner one month’s rent when tenant vacates property. There are more details and restrictions detailed in Exhibit B to the Management Agreement.

Eviction Coordination Fee – For properties on the Full-Service plan, PMC charges a $200 administrative fee to coordinate the eviction process with PMC’s attorney.

Property Close-out Fee – For properties on the Full-Service plan, PMC charges a $250 administrative fee to close out a property when the property owner terminates the management relationship for a property.

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About Antioch

Antioch is a neighborhood in southeastern Davidson County, Tennessee governed by the Metropolitan Government of Nashville and Davidson County. The area is assigned to postal Zip Code 39013.

The community known as Antioch began at the convergence of Antioch Pike, Hickory Hollow Parkway, Blue Hole Road, and Mt. View Road. The original town of Antioch began as a church located by Mill Creek in 1810. Antioch was a commuter town because workers traveled to and from downtown Nashville. From the beginning, the town provided immediate services like a post office and general store. For planning purposes, the community was given the name Antioch–Priest Lake because the study area encompassed areas near J. Percy Priest Lake and the neighborhoods that grew from the heart of Antioch in the early 1800s.