Services & Fee Structure
At 316 Rentals, we offer an extensive range of services at competitive rates from property marketing and leasing to financials and bookkeeping. Our priority is to provide our owners the top property management services in the city - specialized to your needs.
See our extensive services and competitive fees below and contact us for more information.
Marketing
We'll prepare your property for rent and evaluate the current rental market to get you the best return on your investment. We'll market your property on a host of platforms.
Tenant Relations
Positive Tenant Relations & Lease Compliance keep tenants and owners happy. We have a stringent screening process to ensure that your property will be filled with reliable, responsible tenants.
Property Maintenance
Your property is a significant investment. We prioritize its longevity - we'll make sure maintenance requests are seen to immediately and will do regular inspections.
Accounting & Finances
With our accounting and bookkeeping services, you can rest easy, knowing you'll get paid on time, your books are up-to-date, and your tax forms are accurate.
Our Fees
316 Rentals has the most competitive management fees in the Wichita area. Traditional management companies charge leasing fees to fill vacant units and profit by marking up the cost of maintenance on your property. We think rewarding your management company for vacancies and maintenance creates a perverse incentive. Instead of profiting at your expense we've eliminated the markup on maintenance and removed the leasing fee. We charge only a monthly management fee on occupied units. In full transparency, our profit margins are considerably thinner than the other guys. We're not going to make a killing managing your properties, but we'll make a fair profit and offer high quality services. We believe that's a win-win for you and us.
Management
$75 per Month
We've never understood why management fees increase as the rent increases. Higher rent properties are just as easy to manage so why charge more? You pay $75 per month only when the unit collects rent. For a fee comparison, if an average property in your portfolio rents for $1,200 per month, you'll pay a 6.25% management fee (or $75/unit). Please note there is a fee for owners with less than ten units and for portfolios with an average rent less than $1,000 per month.
Maintenance
At Cost (no markup)
We have zero mark up on maintenance. Our cost is the same as your cost. We have experienced and licensed HVAC techs, plumbers, and handymen on staff to handle all your day-to-day maintenance needs. The cost of maintenance runs from $19/hour - $42/hour depending on the maintenance person. Other management companies charge a mark up for these services.
Leasing
$0
We have no leasing fees. The cost to show and lease your property is built into the management fee. We utilize all major rental sites to find qualified tenants for your property. We have full time leasing agents on staff that conduct showings during peak times including evenings and weekends.
