Owner Price List
New Client Set-up Fee: $90
This is a one-time fee for new clients. Existing clients can add additional rental properties at no charge.
Monthly management fee: 7.9%
This is the fee for managing an unfurnished residential single unit such as a single-family home or townhouse in Portland (the rate is a tad higher, 8.5%, for units outside Portland). If we don’t collect rent, you don’t pay the fee.
Multi-unit properties receive the following discounted rates:
2 to 3 units: 7.8%
4 to 12 units: 7.6%
13 to 30 units: 7.5%
30+ units: 7.4%
Green Keys’ Monthly Fee Covers:
Rent reminders to tenants if rent is late
Communication with tenants
Being available after hours in case of emergencies
Owner's portal that owners can log into to see income and expenses
Paying bills and expenses
Bookkeeping and accounting
Sending monthly payments to owners
New Tenant Placement Fee - 40% of Rent
This is a one-time fee for finding, screening and placing new tenants. This includes photographing the property, creating a video tour, advertising the vacancy, and showing the property to prospective applicants. We verify each applicant’s credit score and verify they have never been evicted. We also verify income and ensure that each applicant reads and understands the screening criteria before they submit their application. Our rate is less than the typical rate charged by other property management companies.
Note: If the Owner wants only tenant placement services, without ongoing management services, the fee is equal to one month's rent.
Lease Renewal Fee - $150
Green Keys gives tenants at least 2 options at renewal time (fixed term or month-to-month) and reviews these options with the owner prior to offering them to the tenant. The lease renewal process begins every year at least 100 days prior to lease expiration.
Vacant Property Fee - $0
If no tenant is paying to live in your unit, you don’t pay any management fee.
Maintenance and Repairs Coordination - Included!
Tenants submit repair requests via the Green Keys resident portal. The Green Keys maintenance team coordinates all repair work, from start to finish, and negotiates the best prices for materials and labor with reliable, proven and licensed vendors. Green Keys does not pad invoices or add any fees to cover this work. We communicate and coordinate with tenants, plumbers, electricians, and other contractors to get repairs done. Green Keys does not handle any repairs covered by a home warranty.
Note: If a unit has no heat or water, or if there is a problem that jeopardizes tenant safety or health, repairs will be done within 24 hours.
Green Keys conducts move-out inspections of vacant units. Green Keys no longer offers inspections of occupied units and no longer allows owner or owner-accompanied inspections.
Eviction Costs - Variable
Green Keys does not charge to send tenants rent payment reminders or balance due notifications. If these collection efforts are not successful, a full legal eviction may be necessary. The owner is responsible for process server fees, attorney fees, court costs and other expenses related to an eviction. To avoid these expenses and delays, some owners prefer to take a “cash for keys” approach to getting a tenant to move out.
Contract Termination Fee - $0 (with 1 exception)
There is no cost to terminate a signed property management agreement, with one excetion, There is a $500 termination fee to terminate a management agreement if the owner chooses to cancel it before Green Keys has had a chance to place the first tenant.
Capital Improvements Coordination
Green Keys does not offer this service. If you choose to remodel your property, we recommend that you hire qualified, licensed contractors.
Airbnb and Short-Term Rental Management
Green Keys no longer coordinates short-term furnished rentals. We do, however, still handle long-term furnished rentals. The management fee for furnished rentals is 12 percent.
For more information, call us from 9 a.m. to 5 p.m. Monday-Saturday at (503) 758-2628.
Thank you for trusting your rental property to Green Keys!
DISCLAIMER – The terms of any signed property management agreement between an owner and Green Keys Property Management LLC will have legal precedence over this web page.