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Raleigh · Durham · Cary · Wake Forest · Garner · Knightdale · Apex

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Transparent pricing

Every fee we charge fits on this page.

No 'starting at,' no pricing PDF behind a form, no fee that first appears on a statement. If a charge isn't listed below, our agreement doesn't allow us to make it.

The one plan

8%

of collected rent, monthly. $119/mo minimum on occupied doors. Vacant months: $0.

Portfolio discounts

3–9 doors
7.5%
10+ doors
7%

Applied automatically — you don't have to ask.

The whole schedule

Six fees. That's the list.

The "industry typical" column reflects published 2026 fee guides for single-family management, so you can see where we sit before we ever talk. Bring this table to any manager you interview — including us.

Hearth & Ledger's complete fee schedule compared with typical industry ranges
Fee Hearth & Ledger When it applies Industry typical
Monthly management fee Covers rent collection, tenant communication, maintenance coordination, monthly statements, and the owner portal. $119/mo minimum on occupied doors. If the rent doesn't arrive, neither does our fee. 8% of collected rent Monthly, only on rent we actually collect 8–12% (SFR often 10%)
Tenant placement (leasing) fee Professional photos, listing syndication, showings, application screening (credit, income, rental history, eviction search), lease drafting, and documented move-in inspection. 50% of one month's rent Once, when a new tenant signs 50–100% of one month
Lease renewal fee Market rent analysis, renewal negotiation, updated lease, and the annual condition inspection scheduled with the renewal. $249 flat Once per signed renewal $100–$350
Maintenance coordination Vendor invoices are passed through at cost, and the original invoice PDF is attached to your statement. We do not own a maintenance company and we do not take vendor kickbacks. $0 markup — vendor cost only As repairs occur 10–25% markup at many firms
Annual inspection One full interior/exterior condition report with photos each year. Additional owner-requested inspections are $99 each. Included Once a year $75–$150 per visit
Eviction coordination Covers our filing coordination and court appearances. Attorney and court fees pass through at cost with receipts. Needed on roughly 1% of our tenancies last year. $349 flat + court costs at cost Only if a filing becomes necessary $300–$1,000+ plus hourly

Tenant-paid items (application fee $55/adult at screening cost, pet deposit $300 + $25/mo pet rent where pets are allowed) are charged to tenants, never to owners, and are published on every listing.

The anti-hidden-fee list

Fees we never charge.

Each of these is common enough in this industry to deserve a public promise.

  • Onboarding / setup fee $0

    Typical elsewhere: $200–$500. Ours is $0 — switching should cost nothing.

  • Vacancy fee $0

    Some firms bill you while your property earns nothing. Vacant months are $0.

  • Maintenance markup $0

    10–25% on repairs is a hidden profit center. Invoices pass through at cost.

  • Statement, ACH or 'technology' fee $0

    Monthly statements, owner portal, and direct deposit are part of the job.

  • Early-termination penalty $0

    Leave with 30 days' written notice, any time, no exit fee. We keep owners by performing.

  • Lease-up advertising surcharge $0

    Photos and syndication are inside the placement fee, not on top of it.

Worked example

First-year cost on a $1,850/mo rental: 12.2% of gross.

Published guides put the typical first-year all-in at 18–20% of gross rent once leasing, renewal, markups and admin fees stack up. Ours is below because half of those fees don't exist here. Repairs aren't in either number — they're your property's costs and pass through at vendor cost with any manager who's honest.

Run it with your rent

Year one, fully occupied, one placement

Gross rent ($1,850 × 12)
$22,200
Management (8%)
−$1,776
Tenant placement (50% of one month)
−$925
Setup, statements, markups, admin
−$0
Total management cost
$2,701 · 12.2%

Assumes 12 occupied months and one new tenant placed. A renewal year swaps the $925 placement for a $249 renewal — $2,025 all-in.

No surprises, in writing

Want this schedule in writing, for your property?

The proposal includes a rent analysis, this exact fee schedule, and a first-year cost estimate — signed by a human who will answer questions about any line.

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