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Prices and fees
The following is an example of how are fees are structured:
Initial fee:
There is a standard one-time filing fee of $495 for any new investor, this includes a one time advertising and set up fee.
Other fees:
1. Fifty percent (50%) of the first month’s rent. This is a per tenant charge.
2. Nine percent (9%) of the monthly rental. This is a monthly, on-going charge.
Example:
1. You buy an investment property that rents for $1,000 per month and ask H&L to manage that property for you.
2. You pay H&L 50% of the first month’s rent ($500) plus 9% of the monthly rental amount each month thereafter. In this case, 9% of $1,000 is $90.
3. H&L collects the $1,000 rent from the tenant, deducts the $90 fee and sends the balance of $910 to the property owner.
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