Our Pricing

Our staff has extensive training in the field of professional property management and we are membersof the National Association of Residential Property Managers NARPM (www.narpm.org).

We screen all prospective tenants eighteen years of age and older and qualify them based on the following criteria:

1. Proof of positive rental or home ownership.
2. Full credit report with minimum standards required (Unless applicant is a non-financially responsible party for a Portland property).
3. Proof of gross monthly income (Unless applicant is a non-financially responsible party for a Portland property).
4. Criminal background check.

Kerr Properties, Inc. offers online rent collection, plus the tenants can submit requests online through their secure online tenant portal. This is all done through our software RentVine which is the top web-based property management and accounting software on the market today. Our property owner clients receive online monthly reporting, have access to a private client portal with anytime access to your monthly reports and we send your funds via ACH (direct deposit) to your bank account each month. This software also allows our clients and tenants to pay rent, bills, etc. with eChecks or debit and credit cards.

We have a NO SMOKING policy for the interior of all our Real Estate investments that we manage.

All tenants eighteen years of age and older, that will be residing in the property, are required to have renter’s insurance, unless they fall below the median income level. They are also required to add Kerr Properties, Inc. as an additional interest.

We prefer leases to end in the summertime so if a tenant chooses to vacate, we end up with a vacancy during the best time of year tore-rent properties. Should the homeowner client approve a lease renewal there is a charge of $200.00 per renewal.

Once approved, the applicant has within three business days to sign the final paper or they can put down the security deposit to hold the property for a maximum of two weeks. If they choose to hold the property, they are required to sign an Agreement to Execute the Rental Agreement. If the tenants back out of the arrangement before the rental agreements are signed the property owner will retain 50% of the tenant's security deposit and Kerr will retain 50% of the tenant’s security deposit and Kerr will then move on to the next applicants in line for the property.

Kerr Properties, Inc. has also partnered with Second Nature and Surevestor. Second Nature is a furnace filter company that has a program that will deliver the correct sized furnace filters directly to the tenant’s door.

Since tenants are responsible for replacing and / or cleaning the furnace filters we offer this program as an option to all home owner clients at a minimal cost of $10.00 per month as an incentive to the tenants to keep up on the furnace filter replacement. Surevestor is an insurance provider that will cover the minimum $1,000.000.00 liability policy that is required per the terms of the management agreement. This is a minimal cost of $20.49 a month per unit to ensure you have the correct coverage for your Real Estate investment. You can obtain more info about these companies by visiting www.secondnature.com and www.surevestor.com.

Second Nature Filters Survestor Insurance

Full Time Monthly Management is a one-year contract; and will automatically renew on an annual basis. The property owner client is required to carry a $1,000,000.00 liability insurance policy adding Kerr Properties, Inc. as an additional insured as this is standard industry practice.

1. There is a one-time set up charge of $100.00 (non-refundable) for the first unit (door) and a $50.00 (nonrefundable) set up charge for any additional units (doors) signed on with Kerr Properties, Inc. with a maximum set up charge of $250.00. We also require a $400.00 minimum balance per property. These reserves stay in the account at all times until the account is closed, at which time anything left in the reserve is sent back to the homeowner per the terms of the management agreement. Your total up front funds would be $500.00 for the set-up charge and minimum balance unless there is more than one unit or property at which point the set-up charge and minimum balance would change per the info stated above.

2. The monthly management fee is based off of the gross monthly rent with a minimum monthly charge and the breakdown is as follows: If the gross monthly rent for a single-family home, townhome or condo is $2,000.00 per month or greater, the monthly fee will be 7% of the gross monthly rent with a minimum charge of $110.00 per month. If the gross monthly rent for a single-family home, townhome or condo is between $1,300.00 and $1,999.00 per month, the management fee is 8% of the gross monthly rent with a minimum charge of $90.00 per month, whichever is greater. If the gross monthly rent for a single-family home, townhome or condo is $1,299.00 or less, the management fee is 9% of the gross monthly rent with a minimum charge of $75.00, whichever is greater.

   For multiplexes (duplex, triplex, fourplex, etc.) the monthly management fee is 7% of the gross monthly rent with a minimum charge of $150.00 per month, whichever is greater.

   If we manage between two and five separate properties for a client, the management fee is 7% of the gross monthly rent with a minimum of $90.00 per month per property for single family homes, condo units and townhomes, and a $125.00 per month per property for multiplexes (duplex, triplex, fourplex, etc.) whichever is greater.

   If we manage six or more separate properties for a client, the management fee is 6% of the gross monthly rent with a minimum of $90.00 per month per property for single family homes, condo units and townhomes, and $125.00 per month per property for multiplexes (duplex, triplex, fourplex, etc.), whichever is greater.

3. The finder's fee for finding and placing a tenant is one half of the first full month's rent with a maximum charge of $1,000.00. If the tenants do not stay for at least twelve months (365 days) we do not charge a finder’s fee on the next tenants placed in that unit.

   We advertise with a professional yard sign as well as internet ads that include a detailed description of your Real Estate investment at www.kerrpropertiesinc.com and this places your ad on all of the top Google searches. We use ShowMojo electronic lockboxes for all showing which allows your investment to be shown seven days a week during daylight hours. The Zillow Group has now started charging extra. So, there is a $1.50 daily charge to have your ad placed on the Zillow Group which is Zillow, Trulia and Hot Pads. We can also be found at www.facebook.com/kerrpropertiesinc, www.twitter.com/Kerr_Properties, www.instagram.com/kerrpropertiesinc and www.linkedin.com/company/kerr-properties-inc. Kerr charges a fee of $75.00 for the video tour and high resolution watermarked digital photos that are used for the internet ads.

4. We complete an interior survey of each unit every six months for a charge of $100.00 per survey. This is where we would complete a walk-through of the entire property and write down any issues we may find as well as provide digital photos when applicable. The tenants sign off on this document and keep a copy; We also keep a copy in your file and scan a copy to you. These reports also help us determine what is to be charged to the tenant's security deposit upon vacating.

5. We also have an eviction protection program. With this plan the owner pays Kerr Properties, Inc. a small charge of $12.00 per month per unit which in turn would cover any court related eviction costs including but not limited to attorney fees, filing fees, etc. up to a jury trial. If a jury trial is needed, the property owner would be responsible for all fees involved from that point forward until the trial is concluded.

6. Kerr Properties, Inc. is authorized up to $400.00 plus 10% for any one item repaired with the exception of HVAC, Plumbing and Electrical in which our pre-authorized amount is up to $600.00 plus 10% with Kerr retaining a maximum of $300.00 on each 10% charge. If the cost of the repair is going to exceed the pre authorized maintenance limit, we will obtain a minimum of two estimates and submit them to you for approval or denial with the exception of an after-hours emergency and habitability maintenance. All of the contractors that we use are licensed, bonded and insured.

7. Our pet policy is a maximum of two pets; dog or cat has to be spayed or neutered, at least one year old and weigh no more than fifty pounds. We charge a $400.00 additional security deposit for each pet plus the tenants pay an additional $40.00 a month in pet rent per pet. In the city of Portland there is no additional security deposit for pets and the tenants pay $60.00 a month in pet rent per pet. If the tenants provide paperwork proving that their animal is a service, assistance or companion animal then the animal does not have to meet our criteria plus we cannot charge an additional deposit or pet rent since the animal is no longer classified as a pet at that point. At that point we also cannot deny the animal for a “no pets allowed" property.

   All applicants have to go through www.petscreening.com to verify their pet(s) or service, companion or assistance animal(s).

8. If the property is already tenant occupied when Kerr Properties, Inc. begins management, there is a clause written into the management agreement stating if an eviction filing occurs within the first six months of management, Kerr Properties, Inc. charges an additional $1,000.00 at the time of eviction filing.

9. If the property is already tenant occupied when Kerr Properties, Inc. begins management there is a one time resident onboarding charge of $200.00 which is charged when the first rent is collected by Kerr. This is for our time coordinating with the tenants so our leasing agent can gain access the property to complete the initial property condition report as well as for our office admin to prep and present the rental agreement to the tenant(s) for signing. We also ensure all renters insurance is current. pet info is correct (if applicable) and all personal info is up to date including social security numbers, copies of photo ID, vehicle info, etc.

10. If the property has shared utilities that the homeowner client is having us bill the tenants for there is an accounting charge of $10.00 per billing cycle, per unit. This minimal charge is for our time to perform the calculations on the billing, get the appropriate costs sent out to the tenants and to ensure your account is properly reimbursed by the tenants.

11. At year end Kerr provides copies of all invoices paid for that year as well as a 1099 and cash flow, income and detailed annual statements. This charge is $40.00 if Kerr manages a single unit, $60.00 if Kerr manages between two and five units and $100.00 if Kerr Manages more than six units.

12. Should a client be unwilling or unable to provide an email address for access to monthly statements among other documents and/or not sign up for Direct Deposit there is a $3.00 mailing charge per mailing for checks, statements, interior survey’s, etc.

We find and place a tenant for the home owner and once the first month's rent and security deposit are collected and the rental agreement is signed, we turn everything over to the home owner and the owner takes over the management from that point forward.

1. We require a $400.00 minimum balance to be kept in the account until the account is closed. At which time anything left in the $400.00 reserve is sent back to the home owner within sixty days from the end of termination of management.
2. There is a one-time set up charge of $250.00 (non-refundable) to set up the account. For returning customers that enter into a new Tenant Locating contract the set-upcharge will drop to $200.00.
3. Finder’s fee for finding and placing a tenant is three quarters of the first full month's rent.
4. The advertising is the same as #4 in the full-time monthly management section of this email.

For property owners that have current occupants in your Real Estate investment property, we will get an updated rental agreement and addendums signed by the occupants on your behalf. Or if you have found the perfect occupants but have yet to move them in, we will complete the move in property condition report on your behalf as well as prep the rental agreement and addendums and get all of the paperwork signed by the prospective occupants. Once this work is completed, we will turn all of the paperwork over to you, the property owner, at which time you would then collect the rent, deposits, etc. and give the tenants their copies of all signed paperwork.

1. For occupied properties where an agent of Kerr Properties, Inc. is updating the rental agreement and addendums and having all occupants sign the paperwork; the charge is a flat charge of $200.00 (non- refundable), payable at the time you enter into the contract with Kerr Properties, Inc.
2. For clients that have procured occupants for their Real Estate investment but have yet to move them in, an agent of Kerr Properties, Inc. will complete the move in property condition report and prep the rental agreement and addendums and have all occupants sign the paperwork. The charge for this is a flat charge of $300.00 (non-refundable), payable at the time you enter into the contract with Kerr Properties, Inc.