AllSet Property Management has developed a proprietary and unique pricing model. Whereas most property management companies charge “leasing fees” and “mark-ups” on maintenance, we realize that those fees are in direct contrast to the best interest of our client, the property owner. With a leasing fee, the management company is financially incented to incur more turnovers. The owner, however, would like to minimize turnovers as the turnover is generally the highest expense of all aspects of maintenance. Similarly, with a mark-up on maintenance, the management company is financially incented to incur more maintenance. Again, this is in direct contrast to the best interest of the owner.
We are pleased to introduce Performance-Based Management to the property management industry. Instead of charging ancillary fees on top of the typical management fee, AllSet Property Management will only make more money by performing against the budget. Each year, we create a budget (both revenue and expense) for each property. After the budget is approved by the property owner, AllSet Property Management is paid a quarterly bonus based on performance against the proposed budget. The better we perform against the budget, the more money the owner will make on their property and a portion of those excess earnings will be paid to AllSet Property Management as a quarterly bonus.