Net Profitability
Net income after property management fees, across Basic, Full Service, and Premium plans.
Basic Plan
8.0% mgmt feeMonthly management fee: $120
First Month Net-$720
Year 1 Net (new tenant)$13,385
Year 2 Net (expected)$14,742
Year 3 Net (expected)$15,197
Full Service Plan
10.0% mgmt feeMonthly management fee: $150
First Month Net-$450
Year 1 Net (new tenant)$13,325
Year 2 Net (expected)$14,575
Year 3 Net (expected)$15,020
Premium Plan
12.5% mgmt feeMonthly management fee: $188
First Month Net$563
Year 1 Net (new tenant)$14,000
Year 2 Net (expected)$14,790
Year 3 Net (expected)$15,237
Year-by-Year Detail
| Basic Plan | Full Service Plan | Premium Plan | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Metric | Yr 1 | Yr 2 | Yr 3 | Yr 1 | Yr 2 | Yr 3 | Yr 1 | Yr 2 | Yr 3 |
| Gross Revenue (scheduled) | $18,000 | $18,540 | $19,096 | $18,000 | $18,540 | $19,096 | $18,000 | $18,540 | $19,096 |
| Vacancy Loss (turnover) | — | -$464 | -$477 | — | -$464 | -$477 | — | -$464 | -$477 |
| Management Fees | -$1,440 | -$1,446 | -$1,490 | -$1,800 | -$1,808 | -$1,862 | -$2,250 | -$2,260 | -$2,327 |
| Maintenance | -$900 | -$927 | -$955 | -$900 | -$927 | -$955 | -$900 | -$927 | -$955 |
| Annual Fees | -$175 | -$175 | -$175 | -$175 | -$175 | -$175 | -$100 | -$100 | -$100 |
| Setup / Leasing Fees | -$2,100 | — | — | -$1,800 | — | — | -$750 | — | — |
| Renewal Cost (expected) | — | -$786 | -$802 | — | -$592 | -$607 | — | — | — |
| Net Income | $13,385 | $14,742 | $15,197 | $13,325 | $14,575 | $15,020 | $14,000 | $14,790 | $15,237 |