Do You Accept Property Management
Client Referrals from Agents?
Yes, we do. DMS Properties, LLC Residential Real Estate Services provides high-quality real estate and property management services to homeowners throughout Maryland. Through our Nationwide Referral Network we collaborate with outstanding real estate agents across North America.
If you have a client who owns a rental property in Maryland and is looking for reliable, professional property management, we’d be happy to help. Contact us to discuss how we can work together to serve both you and your client.
How the Referral Process Works
Our referral process is designed to be simple, transparent, and agent-friendly.
- You list the property for rent based on the homeowner’s criteria.
- As part of the listing, we provide you with a secure link for processing rental applications.
- All rental applications are processed through TenantCloud.
- Throughout the application process, we keep you and the homeowner informed of application status and progress.
- The homeowner retains full control and has the final decision to accept or decline applicants.
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Once the homeowner approves an applicant, we take over the remainder of the process, including lease preparation, move-in coordination, and ongoing property management. This structure allows you to continue providing value to your client while ensuring their property is professionally managed by an experienced local team. |
We work closely with the homeowner to prepare the property for tenancy. Our services include coordinating utilities, conducting a pre-occupancy inspection, and preparing and executing the lease. You will receive a copy of the fully executed lease for your records.
Once an application is approved, the tenant pays the security deposit directly to us, at which point you change the listing status to PENDING. The tenant pays the first month’s rent to you prior to move-in, allowing you to collect your broker’s commission.
After the homeowner signs our residential property management agreement and the tenant moves into the property, we pay you a referral fee equal to 25% of the first year’s management fees. Here’s an example of the referral fee:
- Monthly rent: $2,000;
- Management fee: 8% of rent;
- Monthly management fee: $160;
- Annual management fees: $1,920;
- Referral fee to the agent (25%): $480 paid at the end of the first year of the lease.
The only requirement is that the referral comes from a licensed real estate agent. This structure also works well if you are a seasoned real estate agent or a brand new agent who affiliates with us. In that case, you can:
- List the property for rent and receive your leasing commission (based on your split), and
- Earn the referral fee if your client hires us for ongoing property management.
Protecting Your Client Relationships
Some agents worry about “losing” their client when they refer property management clients. We take that concern seriously and work to ensure that doesn’t happen. Our property management software permanently links you as the referring agent to the client. If the homeowner needs to list the property for rent again or decides to sell, you will be notified and given the opportunity to handle the transaction, unless the client specifically instructs us otherwise.
A Little History
When we launched our company in 2008, we operated exclusively as a property management firm. Much of our early growth came from referrals provided by real estate agents at other companies. Supporting the agent community has always been a core part of our business model.
In 2013, we expanded into a full-service real estate company, representing buyers and sellers in addition to managing properties. Today, DMS Properties, LLC Residential Real Estate Services continues to maintain a substantial and growing property management portfolio.