Old Hickory Property Management

Monthly Management Fees

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 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.  

Tenant Placement Fee – The fee (Full-Service & Investor Plans) is 50% of the monthly rental rate (i.e. $750 on a property that rents for $1,500 per month) with a minimum fee of $700.  PMC 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.

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 Old Hickory

Old Hickory is a neighborhood of metropolitan [Nashville, and home of the Legendary "Old Hickory Boys" near Tennessee| Nashville] named in honor of President Andrew Jackson who was nicknamed "Old Hickory." Also, known as the hometown of Brian Dillon. A legendary leader of this community, making him the unofficial Mayor for life, of Old Hickory due to his private gifts to the town.