What Fees Do You Charge
to Manage a Rental Property?

At DMS Properties, LLC Residential Real Estate Services, we believe in being clear and fair about our pricing.  Below is a simple breakdown of the fees you can expect as a homeowner working with us.

Monthly Management Fee

We charge a flat fee of 8% of the monthly rent to manage your property.  This covers everything we do to care for your home, handle tenants, and keep things running smoothly.  The fee is due each month, even if the tenant doesn’t pay rent (though we’ll work hard to collect it!).

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Registration is required to receive your Zoom invite.  Take the first step toward better returns and smarter management.  Register now!

Do You Charge Other Fees?

In addition to the standard management and service fees, there are a few other fees we may charge depending on specific situations.  These are always explained up front and clearly outlined in your monthly statements.  Here are some of the other fees that may apply:

Late Rent Fees

If a tenant pays rent late, they’re charged a 5% late fee, which:

  • Is paid by the tenant
  • Is kept by us to cover the extra time and effort needed for rent collection

If you (the homeowner) want to receive the late fee instead, that’s okay, but we’ll charge you $100 per hour for any rent collection work we do on your behalf (like sending notices or going to court).

Maintenance & Repairs

You are responsible for paying for repairs and maintenance, unless the damage was caused by the tenant.  We manage these services through our Homeowner Concierge Service Repair Program. All charges are clearly shown in your monthly owner statement.

Legal & Court Fees

If we need to take legal steps to collect rent or remove a tenant (eviction), there may be additional costs, including:

  • Court filing fees (like Failure to Pay Rent);
  • Eviction costs (including Warrant of Restitution and physical eviction if needed);
  • These fees vary by county, and we’ll gladly explain them in more detail if that situation ever comes up.

Questions About Fees?

We know every dollar matters.  If you’d like to go over any of these fees in more detail or discuss what services are included, just contact us.  We’re happy to help you understand everything clearly!