Madison Property Management

PMC Management Plans
Best For	All-Inclusive Single Property Owners (1 Door)	Full-Service Single Property Owners (1 Door)	Investor Portfolio Owners (2+ Doors)
Management Fee	$225/month	$125/month	2-4 “Doors” – $110/month 5+ “Doors” – $100/month All rates are per door
Property Onboarding Fee		$200
Tenant Onboarding Fee  (if property already has tenant)		$150	$150
Tenant Placement Fee		$900	$900
Capital Maintenance Fee		See Below	See Below
Lease Renewal Fee		$250
Annual Administrative Fee		$50
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 – The management fee is charged for any part of a month with the unit occupied. For new properties the management fee is charged on the 1st calendar day of the month following when a property is posted for rent. (For example, a property posted for rent on January 20th would be charged a management fee on February 1). If a tenant’s lease starts during the same month that a property is posted for rent, then the management fee would be charged for that full month without proration. (For example, a property is posted for rent on January 10th and a tenant moves in on January 25th, then a full management fee would be charged for January).

Tenant Placement Fee – (Full-Service & Investor Plans) The fee is $900 per tenant placement. Broker earns this fee upon collection of a non-refundable deposit from an incoming tenant.

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.

Eviction Coordination Fee – (Full-Service plan only) Broker charges a $200 administrative fee to coordinate the eviction process with PMC’s attorney.

Property Close-out Fee – (Full-Service plan only), Broker charges a $250 administrative fee to close out a property when the property owner terminates the management relationship for a property.

Annual Administrative Fee – (Full-Service plan only) Broker charges a $50 annual administrative fee on January 1st of each calendar year which covers the preparation of annual owner reports.

Capital Maintenance Fee – (Full-Service & Investor Plans) The fee is charged based on capital improvements and maintenance expenses incurred in a calendar quarter. A fee of $150 is charged when these costs exceed $1,500 in a calendar quarter. An additional $100 (total of $250) is charged after capital improvements and maintenance expenses exceed $2,500.

Annual Property Survey – Each management plan includes one complimentary property survey per year occurring at a lease renewal or tenant moveout. Owner may optionally request additional property surveys at a cost of $125 per survey.

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About Madison

Madison, Tennessee is located in northeast Davidson County, bordered by the Cumberland River to the east and south. The community is also bordered by Mansker Creek and is approximately 23 square miles. Madison features numerous parks including E.N. Peeler Park at the southern end of Neely's Bend, Madison Park, and community parks in Goodlettsville. There are numerous established suburban neighborhoods. Historic downtown Madison and downtown Goodlettsville are flanked by neighborhoos with more urban character and has significant industrial and commercial development in the Myatt Drive area.