Garbage Fees That Are Cutting Into Your Profits

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• Tenant Placement / Leasing Fee – Many property owners see this fee as a standard part of the rental process, but it can quietly take over 8% of your annual revenue for something that’s simply part of managing a property. Worse, it incentivizes property managers to create vacancies in your property to collect the fee repeatedly.

• Marketing Fee – Some companies charge a marketing fee on top of a leasing fee to advertise your property. At MyRentDoor, we cover marketing costs ourselves, because if you’re not making money, neither are we.

• Maintenance Markup / Kickback – Property management companies often make more by marking up maintenance costs and receiving kickbacks, adding up to 25% in extra costs. This can also lead to unnecessary or "phantom" maintenance to boost their profits.

• Landlord Admin Fee - Admin fees are the ultimate garbage fee a property owner can face. Isn’t "administration" part of property management? These fees add no real value and should be part of the regular service, not an extra cost.

• Renter Admin Fees – These fees increase the total renters pay each month, which can reduce renter interest and hurt your bottom line, while also complicating your ability to secure financing or refinancing.

• Inspection Fee – Inspections help ensure your property is well maintained and can prevent costly issues down the road. This should be a basic responsibility of a property manager, not an extra charge.

• Lease Addendum and Renewal Fee – These tasks are essential to maintaining occupancy and should be part of the standard service, not an extra charge. At MyRentDoor, our focus on zero vacancy ensures these services are included to keep your property filled and profitable.

• Cancellation Fees – We believe that if you're not happy with our service, you shouldn’t be penalized with cancellation fees or locked into long-term contracts. We’re committed to building relationships where we all succeed together.