Pricing
Pricing Made Simple - No Hidden Costs.
| Basic | Full Service | Premium | |
|---|---|---|---|
| Monthly Management Fee | 8% | $149 | $193 |
| Leasing Tenant Placement Fee | 75% | 60% | 60% |
| Lease Renewal | $250 | $200 | $200 |
| OUR GUARANTEES | |||
12 Month Leasing Guarantee  We guarantee you will never have to pay a tenant placement fee more than once in a 12 month period. If a tenant we place for a 12 month lease does not fulfill their 12 month lease obligation, we will place another tenant at no cost to you. |
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| Pet Damage Guarantee Would you rather have a $300 pet deposit, or a $1,000 pet damage guarantee? While Green Light Property Management manages your property, we cover up to $1,000 in damage above the security deposit that was caused by a pet we approved for your rental. |
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| Happiness Guarantee If you are not happy with our work, we won't be happy either. Your satisfaction is our goal. If our services are not of high quality and you are unhappy with us, you can fire us with a 30 day notice. We won't lock you into a 12 month contract like other management companies do. |
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| Results Guarantee Our results guarantee means that if we don't produce results, we don't get paid. Until we place your first tenant, you don't pay us a management fee. If we can't lease your property, you won't pay us a tenant placement fee. Our goal is to produce results for you. |
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| PROFESSIONAL MARKETING & LISTING | |||
| Pre-Leasing Property Evaluation Prior to listing a property, we evaluate if your property is code compliant, ready to be listed and competitive (price and feature wise) for the current market. |
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| Rental Analysis and Pricing Strategy An in depth analysis of past market activity as well as current trends and competing properties to come up with a pricing strategy that is competitive. The goal is to maximize your revenue and fill vacancies faster. |
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| High-Quality Property Photos Qualify photos help to attract prospective tenants and rent it quicker. |
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| Pre-Marketing We start marketing your property even before the existing tenant moves out. If we already have videos or 360 degree pictures of the home, we can often sign a lease agreement even before the current tenant moves out. Creating virtually zero vacancy for your property. |
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| Online Listing and Marketing We market your property online, syndicating it to dozens of websites where prospective tenants search for rentals. |
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| Yard Sign A professional yard sign will promote your property to drive-by prospects, and existing neighborhood residents who might have a family member or friend looking for a rental. |
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| 24/7 Showing Scheduler w/ Self Showing Capability Tenants can schedule showings 24/7, and view properties 7 days a week from 8am to 8pm. This is the gold standard of the industry now. |
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| PROFESSIONAL LEASING SYSTEM | |||
| 16-Point Tenant Screening Our rigorous 16-Point screening process is designed to get you the most qualified tenant. While our screening criteria have a high standard, we follow fair housing laws and are equal housing opportunity compliant. |
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| Pet Screening All animals are screened by a third party vendor to help identify fake service animals and problem pets. We love pets, but we don't want irresponsible pet owners damaging your property. |
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| 2 Owner Updates Per Week During Leasing Period Once your property is listed for rent, we will provide you an activity report at the beginning of the week, and a second leasing analysis update at the end of the week. |
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| Tenant Realtor Commission To incentivize other realtors, we pay them a commission for bringing us a qualified tenant. This fee is included in the Tenant Placement Fee. |
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| Lease Preparation Preparation and execution of a Texas compliant lease. |
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| PROFESSIONAL MANAGEMENT | |||
| Dedicated Property Manager As the property owner, you have a dedicated manager to handle your inquiries. We have other great staff who are involved in the management activities of your property, but having one main point of contact helps to give you consistent service. |
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| Tenant Service Calls When tenants need something, they can come to the office, call, email, text us, and we will assist them. |
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| Rent Collection We follow strict policies and standards to collect rent as quickly and effectively as possible. This includes mailing/posting state required notices for non payment. |
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| Convenient Rent Payments Options Tenants can pay with e-check, credit card, and even with cash at many retail stores like Walmart or Kroger. |
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| Owner Portal Your owner portal is a one-stop platform to check your ledger balance, see copies of maintenance invoices, utility bills, run ad-hoc reports, find copies of lease agreements and other important documents, including your monthly statements. |
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| Detailed monthly statements Every month you receive a detailed statement for your property. You can also run ad-hoc reports at any time in your Owner Portal. |
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| Direct Deposit for Owner Distributions Convenient monthly rent disbursements directly to your bank account. |
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| Security Deposit Disposition We strictly follow Texas Property Code guidelines for the return of tenant's security deposits, including a timely inspection, documentation of the property condition, application of funds to tenant caused damages, and detail accounting and documentation with the return of their deposit. |
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| Insurance Claim Handling In the event of a need to process an insurance claim, we would handle the coordination with the insurance, adjusters and even contractors. |
$100/Incident | ||
| City Registration and Renewal Some cities in the DFW metroplex require yearly registration, renewals and even property inspections during tenant turnover. We fill out paperwork, go to the city, meet the inspector. |
$20/registration | ||
| City or HOA Violation Administration In the event of a city or HOA violation, we coordinate the remediation and any city or HOA requirements as part of the process. |
$20/incident | ||
| Utility Coordination During vacancies and tenant turnover, we turn utilities on/off, pay the utility bills, and provide you copies of all original utility bills. |
$10/Utility | $10/Utility | $10/Utility |
| Manage Utility/Bill PaymentsDuring vacancies and tenant turnover, we turn utilities on/off, pay the utility bills, and provide you copies of all original utility bills. |
$3/Bill | $3/Bill | $3/Bill |
| Manage HOA Payments If your property has an HOA, we can manage the payment for you. |
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| Manage Insurance Payments For your Homeowner's Insurance, we can manage the premium payments for you. |
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| Manage Mortgage Payments We can manage mortgage payments for you. |
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| Manage Property Tax Payments We can manage yearly property tax payments for you. |
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| Annual Technology and Postage Fee Annual Technology and Postage Fee |
$150/year per portfolio | $150/year per portfolio | $0/year per portfolio |
| PROFESSIONAL MAINTENANCE | |||
| 24/7 Emergency Hotline If a tenant has a maintenance emergency, they can call us 24/7 and will reach a live person to receive and process their emergency. |
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| Move-in and Move-out Inspection Report Before a tenant moves in, and after they move out, we thoroughly document the condition of the property in a comprehensive report. |
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| Move-in and Move-out Condition Evidence Our move-in and move-out reports include regular pictures, 360 degree pictures and even video. In a tenant dispute, our evidence is easy for a judge to see and dismiss false tenant claims. |
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| Preferred Vendor Discount Long term relationships with our vendors to insure you receive best service and volume-based pricing. With our national home depot account we get volume discount on all material used for maintenance. This benefits your bottom line. |
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| Annual Property Condition Report Annual Property Condition Report |
$99/each | $99/each | $99/each |
| No Cost Air Filter Replacement Program Tenants receive regular shipments of filters directly at their front door, reducing tenant's energy cost and equipment repairs. |
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| NO HIDDEN FEES | |||
| Monthly Management FeeThis is the monthly management fee, per property. |
8% | $149 | $193 |
| Leasing Tenant Placement This is the cost to place a tenant when the property is vacant, as a % of one month's rent. |
75% | 60% | 60% |
| Lease Renewal The longer a tenant stays in your property, the better your returns. This fee covers the process of doing a price analysis, work with the tenant on the renewal, and sign a lease renewal. |
$250 | $200 | $200 |
| Marketing, Video or Photography Fees Your rental property will get syndicated to various strategic websites. And we use professional photography to maximize the chances of attracting prospective tenants. |
$150 | $150 | $0 |
| Reserve Funds Requirement Most, if not all of our competitors require a reserve per property. With GLPM you will not have money stuck with us. |
$0 | $0 | $0 |
| Initial One Time Setup (Includes Property Inspection) This fee covers the initial inspection, setting up of the Owner Portal with all of your properties and tenants. |
$100 | $100 | $0 |
| ADDITIONAL SERVICES | |||
| Manage Yearly Tax Appraisal Protests We will protest your property taxes every year. If we can't lower it, there is no cost to you. |
50% contingency fee | 50% contingency fee | 50% contingency fee |
What sets us apart from other companies?
|
Green Light Property Management |
Other Property Management Companies |
|
|---|---|---|
| Reserve Funds Requirement Most, if not all of our competitors require a reserve per property. With GLPM you will not have money stuck with us. |
$0 | $650-$1000 |
| Video Walk Through Tour 90% of renters today begin their home search on the internet, so an online video tour is like having an open house 24/7. According to Realtor.com, properties with videos get 400% more inquiries. |
Extra Cost | |
| 360 Virtual Tour Tenants can tour your property in 360 degrees on a computer screen, phone or VR headset. This allows us to market and virtually show a property as soon as the existing tenant puts in their notice, reducing vacancy. Welcome to the 21st century! |
Not Offered | |
| Pet Screening All animals are screened by a third party vendor to help identify fake service animals and problem pets. We love pets, but we don't want irresponsible pet owners damaging your property. |
Not Offered | |
| No Cost Air Filter Replacement Program Tenants receive regular shipments of filters directly at their front door, reducing landlord's equipment repairs. |
Not Offered | |
| Move-in and Move-out Condition Evidence We don't just do a property condition report for move-ins and move-outs. We do video as well. This minimizes tenants' claims that "the property was like that at move in" and even lawsuits by tenants. It also allows you to to see the condition of your asset. |
Photos, 360 Photos, Video | Regular Photos Only |
| $100k Tenant General Liability Insurance* While we require renter's insurance and a tenant general liability in the amount of $100,000, most property managers don't have a way to enforce or check on this for every tenant. Our Master Insurance Policy makes compliance by tenants a breeze, providing our owner's important protection. (*While most tenants opt in for our master insurance policy since it's much cheaper, Texas Law requires us to allow tenants an opt-out to choose their own insurance policy) |
Not Offered | |
| Manage Yearly Tax Appraisal Protests We will protest your property taxes every year. If we can't lower it, there is no cost to you. |
50% contingency fee | Not Offered |