OUR FEE STRUCTURE – IN THREE PARTS
PROPERTY MANAGEMENT FEE
For monthly management of your properties, we charge 10% of rents collected. This 10% includes rent collection, building the relationship with your resident, handling any maintenance or eviction items, accounting, and much more.
TENANT PLACEMENT FEE
Our tenant placement fee is equal to the first month’s rent. It includes the marketing, underwriting, and leasing of your property. We commit to getting you the right tenants at the right rental rate.
LEASE RENEWAL FEE
Our lease renewal fee is only $200 for every year we renew the lease. While most property managers in Jacksonville, FL and around the U.S. only offer one-year renewals, we offer one, two and three year renewals as well, saving you thousands of dollars in tenant turnover fees. Happy tenants = steady profits.
TWO- AND THREE-YEAR LEASES ONLY
Most property management companies only sign one year leases. This results in higher maintenance and vacancy costs due to increased resident turnover. At JWB, our average duration of resident stay is over 4 years. This means that JWB clients pay less on tenant placement fees over time, and more importantly, a much higher return on investment.
PLUS, NO MAINTENANCE MARKUPS, EVER!
Most property management companies mark up maintenance costs by 10-15% and charge “service” fees for handling maintenance items — that’s why you don’t normally get an invoice from them. We don’t do that. Instead, you get the benefit of the buying power of our entire operation to keep your maintenance costs low. Here’s how:
We do more volume than any other property managers in Jacksonville, FL. With over $3 million worth of monthly construction, our subcontractor teammates agree to our line-item pricing agreement. This means that we pay one set price per project, no matter the size of the job, ensuring low maintenance costs across the board.
“IF YOU CAN ATTRACT SKILLED PEOPLE THAT YOU CAN TRUST AND HAVE YOUR SAME GOALS, YOU’RE GOING TO WIN TOGETHER.”
– GREGG COHEN, JWB CO-FOUNDER
in their words
Your response today is the type of service that has impressed me so far and will keep our partnership going for years to come. 'Under promise and over deliver' - words to live by.
- Alan & Hanh P. | Missouri
I closed on my very 1st rental property and I thank every member of the JWB team for such a wonderful experience and for enhancing my knowledge in investing for passive income. Being new in this endeavor, I found the JWB team, from the executive staff to individual contributors, exhibited word for word the core values that they live by and run their business on a daily basis. The core values are posted in the About Us tab. I am honored and proud to have met the JWB team and I look forward to my next purchase in 2016.
- Steve Glupker | Arvada, CO
JWB provided us with some amazing properties to choose from, based on our budget and investing goals. They worked with us every step of the way through the purchase, making sure the entire experience was seamless and stress-free. Now as owners of two properties, we are kept entirely in the loop through phone calls from the company and a top notch online management platform. These guys are the real deal! We are clients for life!!
- Bruce Pratt | Jacksonville, FL
I recently purchased two rental properties from JWB! Even though, I've only owned the homes for a month now, the experience has been great! The CEO, Gregg Cohen, truly puts clients first! Throughout the entire process, I had multiple questions, which Gregg answered quickly, and informatively. I even had questions about purchasing properties in other parts of the United States, which is outside of their business model, but Gregg gave me his truly, unbiased, professional opinion.
- Brandon | Indianapolis, IN
We were looking for something solid to invest in. We vetted the organization. We looked online, the Better Business Bureau, looked at reviews and did our homework and we felt very good about the organization. What we really liked was the organizational culture. They are a strength-based company. They create a positive culture for their staff and their team. When I walk in, I see people smiling. That makes a big difference.
- Nick & Theresa| Jacksonville, FL
From the beginning of our partnership with JWB, my husband and I were impressed by the professionalism, integrity and commitment of this company. Investing in their properties has been one of the smartest decisions we have made for our portfolio. JWB keeps us informed every step of the process and are very responsive when we have questions. We don't have to worry about our cash-flow properties because the management team takes care of everything.
- Donna Marx | St Charles, MO