Property Leadership in the 256
Why 256 Realty?
We are not the standard property "management" company. In fact, we don't like that word at all. A manager merely controls people and things. Common words like supervise, direct and command come to mind. Managers often describe their job as "putting out fires." A number of people can do this task. 256 Realty provides something much more pivotal - LEADERSHIP.
Our goal is to give advice and guide individual property owners to their defined destination. We oversee and grow real estate investment portfolios. We lead into the future. Our clients' portfolios may be 2 or 3 properties. It may be 15 or 20 properties, or larger. A portfolio may consist of a single rental home. Perhaps the goal is to pay off that one particular house through means of renters so the owner's child can go to college one day. Maybe it is to provide for personal retirement down the road. Some investors desire a large portfolio to provide enough passive income to make a living. These are all worthy goals and we exist to help.
Ever wonder why no one refers to George Washington, Michael Jordan, Bill Gates or Elon Musk as a manager? It's the same reason a quarterback with a noodle arm and lead feet gets the tag of "game manager." The term is not a compliment and we do not use it to define our business.
We are leaders. It's the reason we call our contract a Property Leader's Agreement. We desire to work with motivated owners and investors that share these principles with us.
You can find much more information in the Q&A section, but here is a quick rundown of our services and fees:
We take care of the entire rental process, from advertising to showings, to leasing and collecting rent. You literally have to do nothing except provide a good home!
We collect 10% of all rental income (including late fees and pet fees) as a service fee. If your home rents for $1,500, we collect $150 each month and the rest goes to you.
You pay a one time setup fee of $100 the first time we rent the home to someone. This amount is deducted from the first month’s rent we collect. You do not pay a dime up front. You only pay this once per property.
We deduct an annual accounting fee of $50 to pay for the costs of producing your monthly statements and yearly 1099 for accounting purposes. This cost is deducted each January or when the house leases if we get the property from you during the year.
We make disbursements to you electronically around the 10th of each month. Rent is due on the 1st of each month and late after the 5th. We process payments to you a few days after the grace period.