Property Management FAQs

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As a company, Fluid Property Management launched this past summer 2022. We currently have around 50-75 properties, and expanding every week. Most of our properties are from referrals.

This is a common question that has no direct clear answer. This can vary depending on the time of year, property type, rent rates and other factors. We evaluate current market trends, and list a property based on our findings to decrease the possibility of vacancies. It is important to not overcharge, nor undercharge rent. We also attempt to line up lease dates with the more active part of year. We DO NOT charge management fees if the property is vacant. 

Unlike most management companies, we stick to our set standards. You should be cautious of companies that do not complete an in depth review of an applicant. The strategy here is to just get someone/anyone into your property so they can charge you fees, and make you a happy client for the short term, regardless of the outcome. After managing my personal properties for the past 5 years, I can count on one hand how many times I received  a "rental history verification" from the on-boarding PM company. 

We run background checks, credit checks, past landlord verifications, employment verification and evictions reports. Our minimum income is 2.5x rent and a 620 credit score. Our applicants will take a look at a pre-qualification checklist before they apply. This checklist can be seen on the "Contacts us" page.

We have built relationships with licensed contractors and maintenance technicians that we use on a regular basis. We do not use in-house maintenance, as it can be viewed as a conflict of interest. We pride ourselves in transparency, and upload all receipts into your owner portal to view. We do not mark up or add a fee to any maintenance calls like some PM companies. 

We do not have any hidden fees, nor stipulations. We charge flat rates with no up-charging. We will not hold anyone to a contract if they are not pleased with us. This goes both ways. All we ask is to give us 45 days notice so we can have enough time to gather information and help transfer any documents you might need with your ongoing PM company. This is important to keep tenants happy as well.

We do not. However, you will still have fees for utilities coming out that will be transferred back in your name by the utilities company for time being.  Considerations include: Lawn care, pest control and HOA dues, if applicable. 

We submit your listing to most of the major websites by our listing syndication software. These can include: Zillow, Hotpads, Apartments.com, Trulia, Dwellsy and Zumper. We also utilize company signage. 

Property owners will have 24/7 access to an owner portal. You will be able to see all tasks (pending and completed), and view different accounting reports when needed. This includes profit and loss statements, cash flow statements and vendor invoices. 

We currently manage residential homes, townhomes and apartments. We do not on-board all properties. We conduct an evaluation on your property to see if it meets our standards, and that both parties make a good fit for each other. We make sure all properties are well kept, make sense fundamentally and financially, and have owners that are dedicated to provide a great tenant experience.  Our agreement will be treated as a partnership. Partnerships enable teams to bring the best of their talent and strengths forward for a common goal.

We do not take on “monster houses," or houses that rent by the room. We are not involved in airbnb rentals or short term rentals. We can split rent easily with roommates, but each person living in the unit will need to be on the same lease, as well as meeting qualifications for liability reasons.

We charge flat rates, no up-charging and no cancellation/transfer fees.

• ***A monthly management fee of 10% of total rent.
•  Turnover fee of $100.00. Which includes all aspects of turnover, communication, rent negotiations and administrative duties. (Many PMs charge 50-100% of total one months rent).
• We only charge $50.00 new lease fee (Letting fee)
• One time on-boarding fee for owners of $120.00. This includes account setup, all inspections, evaluations, documentation and more. 

***  The management fee ranges between 7% - 10% dependent on # units. Reach out to discuss your options. 

Check out the entire breakdown of what we offer by downloading the "pitch deck" on the page: https://fluidpropertymgmt.com/contact-us 

Turnovers are usually the most expensive part of a landlords budget. Usually, most damages are covered by a residents deposit. However, some items have a depreciation value by law, per year, which limits the allowable deduction amount per certain item. Also, this is the time owners might want to upgrade a unit to make it more attractive and marketable (Value add). 

Our goal is to limit damages by utilizing our in-depth application process, set clear standards and expectations on caring for premises, recurring 6-month maintenance inspections and being part of a great management team that builds relationships with residents.