FAQ for Owners
Most frequent questions and answers
We manage property only in Moscow, Idaho. We do not manage property in any of the surrounding areas such as Pullman.
We do not charge any start up costs or marketing fees.
We charge a flat 7% fee on collected rent with a minimum of $50/month. If your property is vacant when you sign up, we do not collect a fee until rent is coming in
A maintenance reserve amount is determined by the owner and set aside for incidental repairs. Any repair(s) totalling less than the maintenance reserve, on a monthly basis, are immediately scheduled and do not require owner permission. Once the maintenance reserve has been exhausted, or when a repair exceeds the reserve, the owner is contacted for permission to perform the repair.
Depending upon the nature of the repair, Garnet Property Management may perform the repair or a contractor may be hired to perform the repair. An hourly rate of $75/hour is charged for repairs performed by Garnet Property Management For repairs performed by contractors, the actual cost is passed to you as the owner without any upcharge. We do not charge for our time in scheduling contractors.
Checks are issued on the 10th day of each month.
Owners are not charged for changes to a lease (adding or replacing a tenant).